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Registered finance companies:
Deposits exceed Rs 120 b
Companies performing well:
The total deposit base of registered finance
companies (RFCs) has exceeded Rs 120 billion, while the total asset
base has recorded over Rs 115 billion up to date. The Central Bank
predicts RFC asset base will grow around 10 percent and deposits by
over 10 percent. The Bank is also predicting a 12 percent growth in
lending.
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JAAF targets US $ 5 b turnover by 2015:
Retail garment market to stabilize
Sri Lanka’s apparels will meet medium to
long-term challenges as the industry is working towards sustainable
growth. The next five years will need further backward and forward
integration along with the value chain of the industry, Joint
Apparel Association Forum Chairman A. Sukumaran told Daily News
Business.
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Triad boycotts Chillies on Blueprint changes
Triad Advertising Agency said it will boycott
the Chillies 2010 annual advertising awards this year. “We need to
protect the industry. In the best interest of the industry we seek
legal action to ensure integrity of the industry in keeping with
practices of good governance and transparency, Triad Joint Managing
Director Dilith Jayaweera said.
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