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Economic developments stronger than expected:
First review of IMF Stand-By Arrangement
The economic performance has improved since July.
There is a steady inflow to the bond market and foreign investments
to the country. Sri Lanka’s economy is showing signs of bottoming
off. We are positive about the outlook and performance, said Head of
IMF Mission Dr. Brian Aitken.
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MAS Holdings teams up with Nike :
Apparel Innovation and Training Centre to be set up
MAS Active, a subsidiary of MAS Holdings,
entered into a partnership with NIKE, Inc. to launch the Apparel
Innovation and Training Centre at the MAS Fabric Park, Thulhiriya.
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HNB Assurance’s National Long-term rating upgraded
Fitch Ratings has upgraded HNB Assurance Plc’s (HNBA)
National Long-term rating to ‘A(lka)’ from ‘A-(lka)’. Concurrently,
Fitch has affirmed HNBA’s National Insurer Financial Strength (IFS)
rating at ‘A(lka)’.
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