Wednesday, 26th November 2014

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Business

The tourism industry is facing a surge with the end of the conflict in 2009.Many visitors to the country are eager to visit the attractions in the hill country and also engage in trekking,hiking and biking apart from the traditional sun,sea and sand phenomena. Here some tourists take the path to the Bambarakanda falls in the Central hills. Picture by Sulochana Gamage
The tourism industry is facing a surge with the end of the conflict in 2009.Many visitors to the country are eager to visit the attractions in the hill country and also engage in trekking,hiking and biking apart from the traditional sun,sea and sand phenomena. Here some tourists take the path to the Bambarakanda falls in the Central hills. Picture by Sulochana Gamage
  • To invest US$ 12 m on lubes, car batteries and paints
Sakura Graphite (Pvt) Ltd will tie up with a Canadian partner, EICORA to manufacture lubricants, paints and car batteries in Sri Lanka using 100% raw materials from Sri Lanka. The two companies will jointly invest US$ 12 million in the next two years for this project. Sakura Graphite Chairman, Keerthi Wickramaratne who is also the Managing Director Blue Bay Mineral International Private Limited (BBM) said Sri Lanka is exporting graphite with less value addition and then repurchases them from overseas after they are modified for almost 10 times higher. "This is resulting in heavy outflow of...