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Sunday, 8 July 2012

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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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