Daily News Online

Saturday, 1 May 2010


Export growth to reach US $ 8b in 2010:

Revenue tops US $ 1.08b

In line with US $ 20b 2020 target:

Sri Lanka’s export sector recorded 8 percent growth for the first quarter of this year and aims at reaching US $ 8 billion mark end of the year. For the first two months the country recorded US $ 1.088 billion in export revenue.

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Raigam Wayamba Salterns closes at Rs 4.20

Raigam Wayamba Salterns (RWSL.N0000), which concluded a successful IPO to raise Rs 200 million through an 80 million share issue at Rs 2.50 per share, commenced trading on Thursday at Rs 4.70.

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Sampath Bank posts Rs 558 million profit in Q1

Sampath Bank recorded a pre-tax profit of Rs 791.5 mn for the first quarter 2010. It has registered a growth of Rs 93.3 mn (13.4 percent), over the previous year’s Rs 698.2 mn, aided by several factors the bank said yesterday.

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The twenty-first SAARCFINANCE Governors’ Meeting was held in Washington on Sunday April 25 on the sidelines of IMF/WB Spring Meetings. The three Governors, India Reserve Bank Governor Dr. D. Subbarao, Sri Lanka Central Bank Governor Ajith Nivard Cabraal, Pakistan State Bank Governor Seyed Salim Raza discussed recent development and challenges faced by the region at the meeting.

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