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Emerging second player:

Serendib to enter flour market

Serendib Flour Mills (Pvt) limited will be entering the local wheat flour market soon. The company will be investing Rs. 6 billion for their operations in Sri Lanka.

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Panora invests Rs. 1.2 b for manufacturing plant

Panora Corporation, a subsidiary of PCH Holdings Ltd opened its state-of-the-art manufacturing plant in Colombo. Established with a phased out investment of Rs. 1.2 billion, the facility is expected to boost the production of Panora branded computers within the next few years

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Rs. 120 m for sugarcane research drive

The Government has allocated Rs. 120 million for projects in Sugarcane Research Institute for 2008. The institute has planned around 50 projects and special attention will be given to biological control methods to control wooly aphid in Sevanagala and Pelawatte areas.

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Sri Lanka is making a synonymous name for Diamond cutting and polishing and is bringing in considerable foreign exchange. One of the long-standing companies involved in the business, Diamond Cutters Limited recently celebrated its 20th year anniversary. The company specialises in tapers and baguettes and precision cut diamonds. Few girls working in the factory.

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• BB1 rating for Asian Alliance

• HNB Stockbrokers’ weekly market review

• Sri Lanka recognised as luxury travel destination

• Habarana Cinnamon Lodge wins SAGA award

• Repeated awarded winner Diamond Cutters celebrates 20

• Javed to lead trade delegation

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