Export earnings hit $ 6.9 bn upto August
Sri Lanka’s export earnings from January to
August 2011 climbed to US $ 6.9 bn (US $ 6966 mn) resulting in 28.6%
increase in comparison to the corresponding period in 2010,
according to the Exports Development Board.
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Banks must assess existing business models - Governor
Directors of licensed banks must assess the
existing business models in the face of the global and local
economic challenges as they have to play a significant role in
repositioning the banking sector, Central Bank Governor Ajith Nivard
Cabraal said.
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P G Martin to venture overseas with Rs 100m investment
P G Martin Ltd, one of Sri Lanka’s oldest and
pioneering leather goods manufacturing companies, will set up a
baggage manufacturing plant in Horana with foreign collaboration
next year. The company hopes to invest over Rs 100 million for this
venture.
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