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Sunday, 7 April 2013

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A model displays a creation by designer Ramona at a fashion show in Colombo on Thursday. Designers from Sri Lanka, India, Pakistan and Palestine were among the fashion designers who displayed their work at the three-day event that began on Wednesday. The event highlighted local talent to tap foreign fashion buyers. Garments are key to Sri Lanka's exports, controlling more than 50 percent of the country's revenue - AFP

NSB assets surpassed Rs 500 billion in 2012

The assets of the National Savings Bank (NSB) exceeded Rs. 500 billion last year, NSB, GM and CEO Hennayake Bandara said. He was speaking at a ceremony to mark an official visit by Deputy Finance and Planning Minister Dr. Sarath Amunugama to the bank last week. He said that the bank had passed many milestones during its 41-year existence and added that the bank is among the top three banks in the country.

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Call to shift foreign employment to Far East

Sri Lanka should shift its migrant workers from the Middle East to the Far East markets, said Professor of Economics, Ryukoku University, Japan, Hisashi Nakamura at a seminar on 'New Directions in Sri Lanka Worker Policy' organised by the Institute of Policy Studies in Colombo last week.

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Trade deficit continues to narrow

The trade deficit continued to narrow and recorded a 24 percent year-on-year (Y-O-Y) decline in January 2013. The policy measures implemented early in 2012 to discourage non-essential imports have continued to ease pressure on the trade deficit and therefore on the current account balance.

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Rs. 225 m mini hydro plant in Bulathkohupitiya

Power Resources (Pvt) Ltd signed an agreement with the BOI to set up a mini hydro power plant in Bulathkohupitiya with an investment of Rs 225 million. Minister of Investment Promotion Yapa Abeywardena presented the BOI Certificate of Registration to investors Gamini Abeyweera and Warna Dahanayake.

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Biz-Talk

Renew your ambitions during the New Year holidays

I know you are in a holiday mood already and reading serious stuff is the least focus, so let me be very brief this week and be relevant. A significant feature during the New Year is coming together and sharing. The moment you think of giving or receiving what comes to mind is material gifts you can touch and feel.

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AIA Insurance rewards top performers

AIA Insurance (earlier known as AVIVA NDB Insurance) rewarded its top performers recently. The event was a double celebration of the company transforming into AIA Insurance and rewarding exemplary sales achievements at the annual Graduation and Sales Convention for over 1,700 Wealth Planners. Wealth Planners and Wealth Plannersí Managers were bestowed titles Premier,

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