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Monday, 5 October 2009

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News: Govt tackles cyber crime ...        Political: Cabinet to decide ...       Business: Unit Trust stable and secure ...        Sports: Western Province emerge champs ...



As inflation and interest rates drop:

Unit Trust stable and secure

Ceylon Asset Management, Managing Director, Dulindra Fernando said the Unit Trust industry is stable and secure for investors as inflation and interest rates decreased with the national economy recording a positive growth.

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‘Huge potential in country’s debt market’

There is a huge potential in the country’s debt market. The Stock Market is one of the main drivers in the economy. Regulations and ethics are important. It is necessary for the stakeholders to actively participate in the market maintaining a high level of professionalism, said Securities and Exchange Commission of Sri Lanka (SEC) Chairman, Udayasri Kariyawasam.

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Acme Printing and Packaging records Rs. 732m turnover

For the financial year 2008/2009:

Acme Printing and Packaging PLC reordered a turnover of Rs.732 million, a for Financial year 2008/2009. Operationally, the company made a loss of Rs.2.3 million before tax. The reversal of deferred tax resulted in the company posting a net profit after tax of Rs.0.1 million for 2008/2009. The finance costs increased by Rs.8.7 million while administration cost increased by Rs.11.1 million, due to proving for gratuity.

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Siedles introduces Sony Cyber-Shot cameras: Models displaying latest Sony Cyber-Shot cameras at the launch. Picture by Sumanachandra Ariyawansa

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