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Saturday, 22 August 2009

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News: Grants for housing ...        Political: Special statement not permitted ...       Business: Downward interest rates encourage borrowers ...        Sports: Usain Bolt(s) to second world record ...



Purchase of properties, constructing houses :

Downward interest rates encourage borrowers

The downward trend in interest rates has encouraged borrowers to purchase properties or construct houses. This has resulted in a growth in the real estate sector, said Chief Executive Officer Housing Development Finance Corporation (HDFC) Suresh Amerasekera.

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Customs to introduce best practices in imports

The Customs Department will introduce the best practices in imports, warehouse bonding and priority clearing in the near future by computerizing all procedures which would minimize manual work and cost, said Director General Customs Sarath Jayatilake.

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Knowledge Economy Index:

Sri Lanka 82 out of 140 countries - WB Country Director

Sri Lanka’s future in the global knowledge economy of the twenty-first century depends critically on the country’s intellectual and human capital. Sri Lanka has been ranked 82 out of 140 countries on the Knowledge Economy Index (KEI), said Country Director, World Bank for Sri Lanka and the Maldives Naoko Ishii.

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The Epic Lanka Group has developed a solution to protect payment card information to prevent fraudulent transactions in the country. Credit cards are also a popular mode to withdraw money from ATMs. Here a customer uses a credit card to withdraw money from an ATM in Fort. Picture by Saliya Rupasinghe

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