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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