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LankaClear improves ‘Settlement Clearing’ :
Extends cheque deposit deadlines
LankaClear, the National Clearing House of Sri
Lanka has made arrangements for banks to extend their cheque deposit
cut-off times from April to make cheque payments more convenient in
the country.
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Going for IPO in near future:
Laugfs SunUp to open hyper shopping malls
There is no entry barrier for a competitor to
the retail trade. Sri Lankan retail trade is at a primitive stage as
there are only four retail chains existing in the country. There is
a huge potential in the trade and the Sri Lankan retail market can
see lifestyle improvement as customers’ income level is improving,
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Millennium Housing Developers to be listed
The Millennium Housing Developers which is a
subsidiary of Nation Lanka Finance will be listed in the Colombo
stock Exchange shortly.
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