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Enhanced technology, competitive trading:
LSE impressed with Colombo Bourse
Trading at the Colombo (CSE) and the London Stock
Exchanges (LSE) has been excellent. The London Stock Exchange is
confident about future activities in Sri Lanka. London Stock
Exchange Information and Technology Director David Lester told Daily
News Business this year is equally important for Sri Lanka and the
UK as the entire world is recovering from the global economic
meltdown.
 Full Story
Industry hails gold import tax removal
The removal of all taxes on gold imports will
increase the demand for Sri Lankan jewellery in the international
market and encourage industrialists. Sri Lanka Gem and Jewellery
Association Vice Chairman A.P. Jeyarajah told the Daily News
Business that export prices for Sri Lanka’s jewellery will be highly
competitive in the international market in the future.
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Senior citizens earnings on rupee savings in FDs:
Bonus interest payments to begin Thursday
The Central Bank said payment of bonus interest
for senior citizens for January 2010 will commence from Thursday.
This is in terms of the Government decision to pay a 20 percent
bonus interest to citizens over 60 years on interest on their rupee
savings and fixed deposits held with licensed banks from January 1,
2010. This is subject to a limit of Rs 120,000 per senior citizen
per annum.
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Focus on wider financial
stability
To thwart another crisis:
Even though the world’s second economic crisis
has subsided, the tremors are still felt in certain economies.
Therefore, wider financial stability is needed, Presidential Advisor
Dr. Ranee Jayamaha said. “The laws enacted in a country are
important in stabilizing the financial system otherwise the normal
services are violated,” Former Central Bank Deputy Governor, Dr.
Ranee Jayamaha said.
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