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Tuesday, 29 June 2010

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Budget for 2010 today:

Chambers seek industry friendly budget

The Government will present a budget for 2010 today. The budget for 2011 will be presented in November as usual. This budget will present policies and principles that will govern the present Government during the current tenure of the President and the Parliament. The Daily news Business spoke to some of the Chamber Heads about their expectations about both budgets.

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Genting Berhad Malaysia invests Rs 1 billion:

Union Bank share issue over-subscribed

The Union Bank of Colombo is geared to achieve its goal of becoming a financial powerhouse with the recent equity infusion of Rs 2 billion, of which, Rs 1 billion was made by the Malaysian giant engaged in leisure and hospitality, Genting Berhad. The capital was raised by way of a private placement adding positively to the vast strides the bank has taken to boost investor confidence.

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Sanasa Bank second in MIX Global ranking

Sanasa Development Bank has been ranked second in the 2009 MIX Global 100 composite ranking of microfinance institutions by the Microfinance Information Exchange (MIX).

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The Havelock City project sees marked increase in sales



 
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