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Wednesday, 2 June 2010

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Richard Pieris Group in record profits

Richard Pieris Group reported healthy results despite the many challenges faced both in the world and local environment. The Group made a net profit before tax of Rs 1.1 billion which was the highest profit achieved in the last five years. Group borrowings reduced by Rs 1.6 billion to Rs 5.2 billion thereby further strengthening its Balance Sheet.

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TRCSL to increase ADSL lines to 3 m

The Telecommunications Regulatory Commission of Sri Lanka (TRCSL) is planning to increase the country’s total ADSL lines to 3 million within the next five years. There are 300,000 ADSL lines in the country and it needs to be increased upto 3 million in next five years. For this relevant agencies need to work together to enable countrywide coverage which will benefit internet users, TRCSL, Director General Anusha Palpita told Daily News Business.

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The Finance makes good recovery

The Finance Company (TFC) will reach breakeven point by September this year. The company has been able to re-build confidence of customers which has resulted in an increase of monthly deposits upto Rs 100 million. Deputy Finance Minister Dr Sarath Amunugama who was the chief guest at the 70th anniversary celebrations of TFC said that during the last 70 years financial institutes worldwide have undergone a tremendous change.

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The special train service from the Katunayake International Airport to the Colombo Secretariat halt catering to tourists arriving in the city centre where the hotels and commercial establishments are took place yesterday. The train arrived from the Airport to the station in time for IIFA ceremony guests arriving in the country for the mega event. The train at the halt. Picture by Saman Sri Wedage



 
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