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Friday, 12 June 2009

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News: Tangible progress - Akashi ...        Political: Cabinet Decisions ...       Business: NDB Bank pledges Rs. 9 m to Moratuwa varsity ...        Sports: Sri Lankans target semi berth ...


Endowed Professor/Senior Fellow in Entrepreneurship:

NDB Bank pledges Rs. 9 m to Moratuwa varsity

NDB Bank has pledged nearly Rs.9 million to the University of Moratuwa to sponsor Sri Lanka's first endowed Professor/Senior Fellow in Entrepreneurship. NDB Bank believes an entrepreneurial culture is essential for sustainable development of the country,

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Cement demand to increase with new projects:

Lanka Cement mulls re-opening KKS factory

Lanka Cement expects to re-open the Kankesanthurai (KKS) Cement Factory in the near future. “We are planning to re-open the cement factory in Kankesanthurai in the near future and it will create more job opportunities for the rural community,” Chairman Lanka Cement Ltd., Sisira Jinandra Paranagama said.

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LB Finance net profits up 75 percent to Rs. 360 m

Healthy growth in most financial indicators:

LB Finance PLC recorded Rs 359.6 million profit after tax in the Financial Year ended March 31, 2009 compared to Rs 205.8 million the previous year which reflects significant growth.

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Chief Executive Officer of NDB Bank Eran Wickramarathne and Vice Chancellor of the University of Moratuwa, Malik Ranasinghe exchange the agreements. Picture by Sumanachandra Ariyawansa

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