Move to enhance depositors’ confidence :
Mandatory deposit insurance scheme will have positive impact
Central Bank Governor Ajith Nivard Cabraal said
that a mandatory deposit insurance scheme should be set up, as it
will have a positive impact on the industry. This would enhance
depositors’ confidence and it would be a self-corrective mechanism
where companies would not have to take it as a burden. The mandatory
deposit insurance scheme will also help to strengthen the financial
system.
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Acer launches ‘Timeline’ laptops
Sri Lanka is one of the growing markets for the
most convenient and affordable laptops and to fulfil that aspect a
competition has been created among the computer dealers in Sri
Lanka, said Acer Singapore Regional Business Development Manager
Regina Lee.
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HNB’s 3Q PAT up
The third quarter group results of Hatton
National Bank (HNB) PLC recorded an impressive 25 percent growth in
the post tax profit amounting to Rs. 2.65 Bn. from Rs. 2.17 Bn. in
the corresponding period of 2008.
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