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New entrants close shop leaving consumers:

Laugfs calls for proper entry mechanism

Laugfs Gas Chairman called on the Government to have a proper entry mechanism for new players who enter the gasoline business.

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Record Rs. 43 b raised through CSE in 2007

A record Rs. 43 billion of equity capital was raised through the stock market in 2007 through Rights issues by 17 companies listed on the CSE.

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Price situation in Colombo

The Consumers’ Price Index of the Colombo City (CCPI) for all items of this year’s month of December was posted at 5954.9 index points.

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NEW DG: Priyantha Kariyapperuma assumed duties as the new Director General of Telecommunications Regulatory Commission of Sri Lanka. President’s Secretary and Chairman of Telecommunications Regulatory Commission Lalith Weeratunga hands over the appointment letter.

Sri Lanka’s economy grew by 6.5 per cent during the first three quarters of 2007 and according to current projections, the economy is projected to have grown at around 6.7 per cent in 2007. The growth was reasonably broad based as all major sectors of the economy recorded positive growth rates. It is also remarkable, that such growth was achieved amidst a number of serious challenges including high international oil prices, adverse weather conditions and the unfavourable security situation, the Central Bank said.

• Lanka placed 92 in Logistics Performance Index

• ASPI dips

• TRI to meet development targets with Rs. 300 m

• Fitch affirms ‘BBB(lka)’ rating for The Finance Company

• ACFA Sri Lanka goes international

• Deepal inspires Triad Team

• New Ceramic Council Committee

• Increase profits by managing categories

• Business TRAVEL

• Oil prices ease in Asia after hitting 100 dollars

• Mercedes-Benz cars draw $30.3 million penalty for violating fuel economy standards