Drop in sales hits car market
The car market in Sri Lanka has been adversely
affected due to the sharp drop in sales following the global
economic turmoil and the increase in import levies. Surviving in the
motor trade is the biggest challenge for those in the industry.
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Lanka has potential to achieve higher growth
‘Ongoing conflict a drawback’:
Sri Lanka has a lot of potential to grow as it
is situated in the region generating the highest growth coupled with
the geographic location, but the ongoing conflict is hampering the
country from achieving high growth rates
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CPS system a boon to banks
The National Payment Council together with the
Central Bank of Sri Lanka and LankaClear will launch a Common
Payment Switch to enable Online, Real-time, Secure and Reliable fund
transfers for low value interbank payments, said Chairman, Lanka
Clear Sarath de Silva.
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Shell consumers to benefit from drop in oil prices
The benefit of the decline in crude oil prices
which affects gas prices in the world market will be passed on to
consumers in line with the pricing formula agreement effective from
January 1
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