Daily News Online

Friday, 18 February 2011


LOLC results outstanding

Profits top Rs 7.1 billion in nine months:

LOLC has continued to show exceptional performance recording outstanding pre-tax profits of Rs 7.1 billion for the nine months to December. This is a 485 percent growth over last year, with the financial services sector, trading sector and the other sectors contributing exceptionally well. The financial services sector showed excellent performance with pre-tax profits of Rs 5.5 billion, a growth of 354 percent over last year.

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More opt for private sector healthcare

Amended Act to be patient friendly:

With the high disposable income more people have switched to private sector healthcare treatments. It is expected that 50 percent of the patients will seek private sector medical treatment in future.

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Sala Enterprises mulls new ventures

Sala Enterprises is looking at possibilities to manufacture motherboard, mouse and casings in Sri Lanka with the assistance of a Chinese manufacturer. The company is at preliminary stage discussions about setting up factories in Sri Lanka which will help in manufacturing these products, Sala Enterprises and Sala Geo Information System Managing Director Chinthaka Wijewickrama told Daily News Business. Sala Enterprises is in the process of developing an equipment similar to the Ipad and further experiments pertaining to this product are taken place.

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Lankan steel power up Japan market: Japanese steel product manufacturer Shinkou Kougyou, signed an agreement with Board of Investment of Sri Lanka to manufacture steel products for the Japanese market. The project worth Millions will provide many job opportunities and foreign earnings for the country. Shinkou Kougyou Lanka Chairman, Kwang Myung Park and Board of Investment of Sri Lanka Chairman and Director General Jayampathi Bandaranayake exchanging the agreement.

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