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UML to diversify into vehicle assembly

United Motors Lanka Plc (UML) is looking at possibilities to diversify into the vehicle assembly business with technical assistance from Mitsubishi Company of Japan.

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Oracle tops records in incremental revenue

Local Oracle partners have recorded over 100 per cent incremental revenue through Oracle technology and application implementations in the Sri Lankan market over the past two years.

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IBSL confirms Ceylinco Insurance leadership

In the General Insurance segment, Ceylinco Insurance's premium income ofRs 10.3 billion represented a lead of Rs 1.5 billion overthe next insurer.

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Richard Pieris trade boosts market

The market closed with the ASPI shedding 6 points (-0.26%) to close at 2,465 points while the MPI, which tracks the most liquid stocks in the Colombo Stock Market, lost 14 points (+0.49%) to close at 2,935 points.

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Country Manager, Sri Lanka & Maldives Oracle Dr. Vickum Senanayake, General Manager, ASEAN & SAGE Region Technology Channels, Alliances and Channels Oracle Corporation Eugene Gopalan and Regional Managing Director - ASEAN Managing Director - Oracle Thailand Oracle Asia Pacific Natasak Rodjanapiches at the press conference. Pictures by Sumanachandra Ariyawansa

The higher borrowings from commercial banks were reflected in the increased holdings of Government securities and SLDBs by commercial banks and credit granted in foreign currency by the OBUs of commercial banks. Credit absorbed by the public corporations increased by Rs. 17.6 billion during the year in contrast to a reduction of Rs. 7.4 billion envisaged in the monetary programme. (Central Bank Annual Report 2007)

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