Reduction of LTV ratio will hit motor trade - Vehicle Importers
Association
The move by the government to reduce the Loan to
Value (LTV) ratio to 70 percent is good for the country to save the
outflow of foreign exchange and maintain a healthy Balance of
Payment. However, it does not augur well for the motor trade which
will be hit by a sharp drop in sales, President, Vehicle Importers
Association of Sri Lanka and Director,
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Integrated resort with 800 luxury rooms:
Cinnamon Life, an architectural icon
Cinnamon Life has taken development to the next
level making it hard for others to follow. Comprising all essential
spaces it will set the trend in future property development for Sri
Lanka to become an icon of modern South Asia. Cinnamon Life was
launched by Waterfront Properties (Pvt) Limited, a member of the
John Keells Group, last week.
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Electronic payment systems:
Change in lifestyle increases demand
The future of payment systems would be
electronic due to the growing customer demand for convenience,
accessibility and availability, General Manager and CEO, LankaClear
(Pvt) Ltd., Sunimal Weerasooriya told a seminar on ‘Electronic
Payments to Power up the Digital Era of Business’ organised by the
National Chamber of Commerce recently.
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Re-allocation of State bodies to boost growth
The new government which places emphasis on
sustainable socio-economic development has set up ministerial
portfolios to support its ambitious growth targets. There have been
new ministries and shifting of State institutions under different
ministries to ensure holistic development could be achieved in a
sustainable manner.
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