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DateLine Thursday, 12 June 2008

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News: EU pledges impartial GSP+ review ...        Political: Keheliya regrets Ranil's remarks ...       Business: SLT targets Rs. 47 b turnover for 2008 ...        Sports: Lanka out of the final ...



SLT targets Rs. 47 b turnover for 2008

Goes for new IP services, IPTV:

Sri Lanka Telecom, one of the major players in the local telecommunications industry is targeting Rs. 47 billion turnover this year and is confident of achieving their set turnover targets.

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Co-operative Insurance wins honours with top TQM award

Co-operative Insurance, a licensed insurance company whose major shareholders are the country's co-operative societies, did Sri Lanka proud when it won the International Quality Summit Award in the Gold Category at the International BID Quality Convention at the Marriott Marquis, New York on May 26.

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Construction Chamber to upgrade clay brick making industry

Chamber of Construction Industry has designed an action plan to address the problems in the clay brick industry. This includes use of alternate fuel for firing of kilns converting waste material to in place of firewood that is now used.

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The realised Foreign Direct Investment (FDI) also increased substantially during 2007 surpassing the previous highest level recorded in 2006. The rupee, which depreciated at a relatively higher rate against the US dollar during the first three quarters of the year, appreciated in the last quarter with the inflow of the proceeds from the debut sovereign bond issue and recorded a marginal depreciation of 0.93 per cent by end 2007 and stabilised thereafter. A further liberalisation of the capital account in 2007 in the form of permitting foreign investors to subscribe up to 10 per cent of the outstanding rupee denominated Treasury bonds also contributed to the appreciation of the rupee with increased foreign fund inflows to the country.
                             Central Bank Annual Report 2008.

Gamin Gamata - Presidential Community & Welfare Service
Mount View Residencies
Ceylinco Banyan Villas

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