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Vanik creditors waive Rs. 2.7b interest

Creditors of debt ridden merchant bank - Vanik Incorporation Ltd have agreed to waive Rs. 2.7 billion in lieu of equity in the company to the value of Rs. 1.3 billion.

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FCCISL to strengthen regional chambers

Newly inducted President of the Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL), Kosala Wickramanayake said he will take the initiative to promote rural development through the regional chambers in the country.

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Petro Lanka Dairies to establish farm in Meerigama

The Board of Investment (BoI) of Sri Lanka and Petro Lanka (Pvt) Limited entered into an agreement to establish a dairy farm to produce milk to the local market last Friday.

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Construction work of the Hambantota harbour project is in progress. Construction work on phase one of the project which will be completed in 2009 is under way.

The All Share Price Index and Milanka Price index have decreased by 23 and 44 index points respectively. The Average Daily Turnover decreased by Rs. 144 mn. (Central Bank)

• Mobitel commences next phase of expansion

• SLPA records highest throughput

• Time telling leaders and clock building managers

• Asian, a European markets recovered

• Creativity and innovation life blood of organisations - Dr. Kuhathasan

• Founder partner SJMS retires

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• Shipping

• Travel

• Elimination of tax bars for Islamic financing

• Imagination, mindmapping and visualisation techniques

• NOLIMIT, Glitz and Pallu now geared to celebrate Ramazan

• IPM representative appointed Secretary General of APFHRM

• Verbatim recognises ABC Trade and Investments

• LIVE IT

• Eastern Province Chief Minister attends JATA in Japan

• Travelon moves on to safari tours

• New Manager for Taj Airport Garden

• Tokyo Cement makes concrete deal with SLT

• Inclusive marketing the way forward for empowerment -Dr Hans Wijayasuriya at TMC

• Free breast care consultations in October from Ceylinco Healthcare Centre

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