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Chairman of Harcourts Group of Companies Ahamed Rheyas has been conferred the Presidentship of NONI Research Foundation of Sri Lanka. He paid courtesy call on President Mahinda Rajapakse. Harcourts will also set up a NONI Research Team of their own to expand the usage of NONI into other illnesses commonly encountered in Sri Lanka. His immediate objective is to bring out the properties of NONI in the control of diabetes. NONI Research Foundation of Sri Lanka will be working in collaboration with similar international research bodies and especially affiliated to Indian NONI Research Foundation. He also assured the assistance of the private sector to the government for cancer research.

Aviation tax to increase ticket prices?

The International Chamber of Commerce (ICC) anticipated a major airline ticket price hike following the imposition of global tax on aviation to fund developing countries in the world, ICC- Sri Lanka Chapter said.

 

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Dutch financial institutes to invest in Sanasa

Three Dutch Financial Institutes have negotiated with Sanasa Development Bank to invest in equity followed by the recent Central Bank guidelines to enhance its present capital base.

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Telekom Malaysia, Tritel to increase investments here

Two telecom giants in Malaysia Dialog Telekom and Tritel are to re-invest in Sri Lanka this year. In addition other Malaysian companies too are exploring the possibility to invest here.

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