Curtailing Govt spending inevitable - Economic analysts

The 2013 Budget will inevitably be a tough one as the government is compelled to stem expenditure to maintain macro economic stability which is under pressure from adverse global conditions and domestic issues, economic analysts said.

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eDevelopment plan geared for national reconciliation - ICTA CEO

“Every ICT enabled effort in the Government’s national eDevelopment plan is a step forward towards national reconciliation,” said Information Communication Technology Agency (ICTA) CEO, Reshan Dewapura recently.

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ADB provides $ 130 m for power sector

The Asian Development Bank (ADB) is lending $130 m to help Sri Lanka expand the reach and the quality of its electricity supply, with a focus on the North and the East. It will also improve transmission and distribution network efficiency and develop renewable energy in other parts of the country.

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Volatility in EU markets hits shipping trade

The persisting Eurozone crisis is affecting global trade. The knock-on effect will have an impact on Asian export oriented countries with a decline in exports, said Colombo Shippers’ Academy President, Rohan Masakorala. He said that the impact of the Eurozone economic crisis is already evident with a drop in Sri Lankan export volumes.

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SLT empowers Twenty20

Sri Lanka Telecom, has provided internet through Ethernet connectivity, high speed Wi-Fi access and optical fibre connectivity to all venues in the ICC World Twenty20 Championship 2012 through 'SLT Intelligent Solutions'.

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NSB records steady growth in retail lending

The National Savings Bank has granted 12,211 loans during the first half of 2012 consisting of 4,764 housing loans and 7,447 personnel loans and the majority of these loans were granted at rural level through the ever-expanding islandwide branch network, a media release stated.

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Etisalat launches Android Village Hubs

Etisalat in partnership with Sarvodaya-Fusion, the ICT arm of the Sarvodaya Movement, launched the Etisalat Android Village Hub recently. The program is designed to create information and telecommunication resource hubs in the villages ,

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