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Central Bank’s 61st Annual Report says:
2011 challenging; growth forecast remains at 8.5%
Sri Lanka”s economy grew by an impressive 8.0
percent in 2010, reflecting a fast recovery from the setback
suffered in 2009 and moved to a high and sustainable growth path.
All key sectors of the economy demonstrated a commendable
performance in 2010, underpinned by the peaceful domestic
environment, improved investor confidence, favourable macroeconomic
conditions and gradual recovery of the global economy from one of
the deepest recessions in history.
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Multi Finance to be listed on CSE
The Multi Finance Company will be listed on the
Colombo Stock exchange before June 30, said a spokesman for the
Entrust Group. The Entrust Group recently ventured into the business
of financing by acquiring The Multi Finance Company Limited, a
Central Bank regulated finance company headquartered in Kandy,
family owned and founded 37 years ago.
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Exhibitions in major cities planned:
Export revenue to top $ 10 b this year
Export revenue will reach US$ 10 billion by the
end of this year if the current export growth rate continues during
the rest of the year, said Export Development Board (EDB) Chairman,
Janaka Ratnayake.Revenue from exports grew 72 percent in January and
52 percent in February this year compared to the corresponding
months last year. Export revenue recorded a 17 percent growth last
year compared to the previous year.
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