Scarcity of coins hits businesses
The scarcity of coins is adversely affecting
small scale businesses and monetory transactions among people. Many
retail shop owners said that they are unable to carryout business
due to the shortage of coins. Suraj Mendis, a retailer in Pettah
said that he cannot pay the exact balance to customers due to the
dearth of coins.
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Malaysia -Sri Lanka business Council to be set-up
The Malaysia – Sri Lanka Business Council will
be set up soon to boost bilateral trade and investment between the
two countries said National Chamber of Commerce(NCC) and Industry of
Malaysia Secretary General Dato’ Syed Al Habshee.
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Abans launches smart phones
Abans launched the LG Optimus L3 E400, specially
developed for budget conscious users. It is an affordable yet
feature-packed Android Smartphone. A spokesman for the Company said,
“L-Style incorporates five aesthetic elements, which include a
modern square style for a comfortable grip and slim shape that
naturally draws one’s attention.
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UBC to introduce banking solution
Union Bank of Colombo PLC (UBC) will be
introducing a state- of- the art Core Banking Solution that will
enable the Bank to add value to improving its management processes
and service delivery. UBC has picked the internationally renowned
Banking solutions supplier, Silverlake Systems,
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Fitch upgrades People's Bank and its subsidiaries
Fitch Ratings has upgraded the People's Bank
(PB) and its subsidiaries People's Leasing Company PLC (PLC), and
People's Finance PLC (PF), by a notch each. At the same time the
agency has affirmed PB's associate company People's Merchant Finance
PLC (PMF, 36 percent effective ownership by PB) at ‘BB+(lka)’ with
Stable Outlook.
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Just In Time Technologies ties up with VCE
Just In Time Technologies a system integrator
recorded a new partnership and strategic alliance with Virtual
Computing Environment Company (VCE) in the USA.VCE excels in
developing innovative platforms for cloud computing that reduces IT
infrastructure costs.
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