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Simultaneous economic crisis, financial melt
down:
No country will show higher growth in 2009 - NDB CEO
The world is facing an unprecedented economic and
financial crisis and there won’t to be a single country which will
show growth rates in 2009 higher than 2008, said CEO, National
Development Bank Eran Wickramaratne making a presentation on the
Global Crisis and its effects on Sri Lanka for the Association of
Retired Flag Rank Officers at Narahenpita.
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Micro-financing boosts lending portfolio of LB Finance
LB Finance said that 40 percent of its total
disbursements were in micro-finance during the financial year ending
March 31. The momentous rise in this less explored sphere of
financing is said to be attributed to the Company’s aggressive and
perceptive strategy in taking leasing to the informal economy,
serving people with little access to the financial domain.
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EU Sri Lanka Business Summit begins today
The EU Sri Lanka Business Summit will commence
today at the BMICH. The EU Sri Lanka Business Summit, the first ever
initiative of its kind to take place in Sri Lanka is a combined
effort in restoring economic sustainability.
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