Enhancing prestige of Lanka tea-SLTB

Sri Lanka is certain of achieving US$ 20 billion export revenue by 2020 and surpassing US$ 2.5 billion in tea exports by 2015, said Industry and Commerce Minister Rishard Bathiudeen at the launch of the Ozone Friendly Ceylon Tea logo by the Sri Lanka Tea Board (SLTB) on Wednesday.

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Innovation - driving force of PABC

Pan Asia Banking Corporation PLC (PABC), a 100 percent Sri Lankan bank achieved a commendable growth in the first quarter of 2011 with a net profit after tax of Rs. 196 million, is a 190 percent increase compared to the corresponding period last year.

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Etisalat launches LTE ready 3.75G network

Etisalat deployed a Long Term Evolution (LTE) ready network for the first time in Sri Lanka, with their 3.75G HPSA+ (Evolved high speed packet access) wireless network, making it the first and only all-IP based network in Sri Lanka which has the infrastructure capability of providing a data rate up to 42 Mbps (megabits per second), using dual carrier technology.

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Earnings from exports grew 51.9% in February

The trade deficit in February expanded by 9.1 percent, year-on-year to $ 376 million the latest statistics released by the Central Bank said. However, the cumulative trade deficit contracted by 1.2 percent in the first two months of 2011 compared to the corresponding period of 2010,

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