Daily News Online

Wednesday, 30 November 2011


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Rise in exports to Europe

Records US $ 2635 m upto September:

Sri Lanka’s exports to the European Union (EU) grew by 25.5% in the first nine months of 2011 (2635 $ million), compared to the corresponding period of 2010 (2100 $ million). Sri Lanka’s Ambassador to Belgium, Luxembourg and the EU, Ravinatha Aryasinha said according to the latest statistics from the Central Bank of Sri Lanka,

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Commercial Credit net profit grows tenfold

Catering to a more diversified market has enabled Commercial Credit to increase its net profit for the six months ended September 31, 2011 to Rs 265.5 million. This is an increase of 1604% per cent over the corresponding period in the previous year. The gross income of the company has increased to Rs 1.1 billion during the period under review, up from Rs 423 million a year ago.

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Increase in trade with Latvia

Trade between Sri Lanka and Latvia is on the rise and there is more room for expansion, Consul General for Latvia in Sri Lanka Thomas Daetwyler said. Speaking to Daily News Business at the recently concluded Latvia National Day celebrations he said that there is a 35 percent increase in trade in recent times.

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Autogrill Lanka brings McLaren F1 car to BIA : Autogrill Lanka, the leading duty free retailer at the Bandaranaike International Airport (BIA), is exhibiting the Vodafone McLaren Mercedes F1 racing car at the BIA for the first time in Sri Lanka. The McLaren Mercedes which is driven by former world champions Lewis Hamilton and Jensen Button is currently second in the constructors ranking of the 2011 World Grand Prix championship. Airport and Aviation Services (Sri Lanka) Limited Chairman Prasanna Wickramasuriya admiring the vehicle at the promotion event held yesterday. Picture by Saliya Rupasinghe

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