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DateLine Wednesday, 7 November 2007

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Business

Budget to focus on infrastructure development

The 2008 Budget would mainly focus on infrastructure development, and aim to lower the deficit by 7.5 per cent, to achieve long term sustainability, Deputy Finance Minister Ranjith Siyambalapitiya said.

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Sailing despite rough weather:

Aitken Spence turnover tops Rs. 12.5b

Aitken Spence released its second quarter financial results to the Colombo Stock Exchange on yesterday, reporting a Rs 1.24b as profit before taxation and Rs 757.3m profit attributable to the shareholders during the first six months of operation, a growth of 18.7 per cent and 16.5 per cent respectively, compared to last year.

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ICICI Bank-Arpico in strategic alliance

ICICI Bank, India's second largest bank, has entered into a strategic long term agreement with Richard Pieris whereby all shoppers who patronize any Arpico Supercentre in Sri Lanka will be entitled to world class privileged shopping deals as well as preferred banking services and discounts.

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