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NTB records Rs 504m profit in 2007

To expand customer services, technology:

Nation Trust Bank has recorded a profit of Rs. 504.8 million in 2007. The Bank will look for more customised and convenient products to attract and retain customers this year.

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Young fashion designers to gain from IYFE

Sri Lanka has a strong opportunity to get a chance to enter into the top ten young fashion Entrepreneurs of the International Young Fashion Entrepreneurs Award in 2009.

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Vallibel acquires 6% in Hayleys for Rs 600m

The indices at the Colombo Stock Exchange declined marginally with the broad-market ASPI coming down by 3 points (-0.1%) to end at 2,489, while the MPI lost 4 points (-0.1%) to close at 2991 yesterday.

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INVOGUE: Colombo Vogue Life Styles Weekend the much written and spoken about event concluded bringing many celebrities from the world of fashion and beauty to Colombo. For Sri Lanka Tourism it was a double win, with the destination being praised for its beauty and Tourism’s Earth Lung: Carbon Clean Sri Lanka getting accolades for its efforts at mitigating global warming in the ten million tree planting campaign. ‘Colombo Vogue Lifestyles Weekend; a three day event organised by Rotary Club Regency in association with Sri Lanka Tourism was held at the Galadari Hotel recently.

The higher growth rate of exports compared to the growth of imports helped contain the expansion of the trade deficit in 2007. The trade deficit widened modestly by 5.6 per cent in 2007 compared to the 34.0 per cent expansion in 2006. The overall trade deficit widened to US$ 3,560 million in 2007 from US$ 3,371 million in 2006.
(Central Bank Annual Report 2008)

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