CIC Agri accquires Kelani Valley Canneries
To bolster value addition chain:
Agriculture rich blue chip Chemical Industries
(Colombo) PLC (CIC) through its subsidiary CIC Agribusiness acquired
a controlling 60 per cent stake in Kelani Valley Canneries (Lanka)
Ltd last Friday, a deal earmarked for higher value addition of the
former's local and export agri-business.
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UK buys compostable bags from Lankan firm
The Plastic Packaging exported their first
consignment of 100,000 biodegradable and compostable bags to the
United Kingdom on Tuesday. These bags which are manufactured 100 per
cent polythene free under an international renowned logo `the Natur
Plus' will undergo biological decomposition in a compost site.
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Tigo to go for 3G on future demand
Sri Lanka's mobile tariff is the lowest among
the countries where the tigo network is being operated, new Chief
Commercial Officer, tigo, Erik Van Vulpen said. Speaking at the tigo
lounge in Colombo yesterday he said though the tariff is low in Sri
Lanka, the network penetration is very high.
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