CSE on growth trajectory
Stock market analysts said that the performance
of the All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE)
on July 8 was remarkable and added that the index is on a solid
growth trajectory.
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Cargills Bank to boost SME development
Cargills Bank PLC will stand out from the rest
of the banks in financing small and medium scale entrepreneurs who
are the backbone of the economy, said Cargills Bank, Managing
Director Haris Premaratne.The bank which was issued a provisional
licence shortly before the Central Bank launched the banking sector
consolidation process, opened for business in Colombo recently.
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Abhimana pension scheme - a timely product’
The Abhimana pension scheme of the Bank of
Ceylon (BoC) is a timely product to match the changes in the
economy, living standards of the people and suit demographic
changes, said Central Bank Governor Ajith Nivard Cabraal.
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GFH opens conference centre
The Galle Face Hotel (GFH) restoration project,
a US $ 20 million investment, is in progress and the meetings and
conference centre was launched after refurbishment. “The hotel has
undertaken an ambitious restoration project of its rooms,
restaurants and the ballrooms to restore it its former glory with
subtle modernisation to enhance the quality of the Galle Face Hotel
experience,”
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India unveils ‘development budget’
India's new government is lifting some caps on
foreign investment, tightening borrowing limits and will introduce a
goods and services tax as part of what it calls a “budget for
growth”. Finance Minister Arun Jaitley said Indians were
“exasperated” after two years of economic slowdown. India's economy
has slowed markedly in recent years,
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‘Lanka’s workforce lacks critical job-specific skills’
The World Bank has approved a US $101.5 million
line of credit to expand the availability of employable workers in
Sri Lanka by increasing access to quality, labour market skills
development programs. This project supports the Skills Sector
Development Program (SSDP) launched by the Government as part of its
public investment strategy for 2014-16.
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