Lanka’s GDP to reach US $ 100 billion - CB Governor
Sri Lanka’s Gross Domestic Product (GDP) will
reach a record US $ 100 billion by the end of the year, Central Bank
Governor Ajit Nivaard Cabraal said. Speaking at the Ceylon National
Chamber of Industries (CNCI) awards ceremony last night at Cinnamon
Grand he said that this is currently at around the US $ 50 billion
mark. Per capita income which is at around US $ 2,000 would also
pass 2,700 soon, he added.
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Janashakthi records 98% PAT growth
Recording a Profit After Tax of Rs 280 million
for 1H (first half) 2011, Janashakthi Insurance PLC (JIPLC) became
the most profitable insurer from among all quoted insurance
companies in Sri Lanka. This is a growth of 98% in comparison to a
profit after tax of Rs 145 Million in 2010 in the same period and is
considered a remarkable achievement given the nature of the industry
which has 19 players competing.
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LHI looking at international projects
Lanka Hydraulic Institute (LHI) is looking at
several harbour and water management projects from countries such as
Dubai, Bahrain, Africa, Bhutan and the Maldives. The Coastal and
Hydraulic Engineering Company’s CEO, Engineer H. N. R. Perera told
Daily News Business that they are currently designing a harbour
project for Senagal in Africa.
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