Government debt to fall below 80 percent - Verité Research
Recorded government debt has dropped over the
last six years resulting in major improvement in the economic
outlook of Sri Lanka. Recent projections show debt falling below 80
percent of the GDP in the next few years. However, there is a flaw
in the calculation of debt and this remains unaddressed.
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Timex and Fergasam Group forays into North
The Timex and Fergasam Group laid the foundation
stone for the first apparel factory in Mannar yesterday. This is the
first BOI apparel factory of the Group in the North to be set in the
Mannar Industrial Zone. Timex and Fergasam Group Director Anis
Sattar said that the two factories will be set up at a cost of US
five million providing employment to around 1,200.
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A/P2 rating for Tokyo Cement
RAM Ratings Lanka has reaffirmed Tokyo Cement
Company (Lanka) PLC’s long and short-term corporate credit ratings
of A and P2. The long-term rating carries a stable outlook. Ratings
are supported by its sizable market share, its healthy balance
sheet, and healthy debt coverage levels.
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Expolanka interacts with stakeholders
Expolanka Holdings PLC launched its social media
channel to maintain interaction with stakeholders. They launched a
corporate blog. Expolanka also opened official channels on Facebook,
Twitter and YouTube to maintain a 3600 social media interaction.
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