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Milk production increase by 20% expected:

Pelwatte Dairy launches Rs. 450 million IPO

Pelwatte Dairy Industries PLC, a subsidiary of Pelwatte Sugar Industries PLC will launch a Rs. 450 million Initial Public Offer this month where Rs. 450 million shares will be offered at Rs. 1 each.

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Sri Lanka to assemble vans

The Board of Investment of Sri Lanka (BOI) granted investment approval to W.T.L. Automobiles (Pvt) Ltd, for a project to assemble motor vehicles for the local market.

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Kuwait Airways to increase investments in Colombo

Sri Lanka is a growing market and Kuwait Airways will make further investments to meet the projected demand, said Chairman Kuwait Airways, Mohamed Salah.

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Beddings have a high demand in the local market while foreign market ratio has come down due to the current global economic crisis. Here the workers at Celcius Solutions (Pvt) Ltd seen busy manufacturing their popular products which includes pillows, duvets, quilts mattress protectors and bed linen at the factory situated in Seeduwa. Although the company had a high demand for their products in the export market it never ignored the local market. With the global recession its export market has come down but the company is able to sustain with the agressive local demand. A young entrepreneur and owner of Celcius Kamal Dole said, that innovative thinking has helped him to meet the challenges in his business under the present economic conditions.

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