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Tuesday, 28 February 2012

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Sri Lanka among top outsourcing countries

Sri Lanka was placed 21st in the Global Services Location Index (GSLI) released by A.T. Kearney Global Management Consultants a report that rank top 50 countries worldwide as the best destinations for providing outsourcing activities. This is an impressive score for an industry new comer and ICT will be one of the most important sectors for future prosperity of Sri Lanka. The country needs to have focused strategies to market globally while addressing the weaknesses, A.T. Kearney Global Business Policy Council Fellow Simon Nihal Bell said.

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NDB Group profits up by 35% to Rs 2.9 billion

The NDB Group’s profit after tax for the year was Rs 2.94 billion, an impressive growth of 35% over the previous year. The profit attributable to shareholders for the year was 2.70 billion and compares with Rs 2.1 billion for 2010, a growth of 29%. This significant increase in group profits was attributable to the growth in the core banking income of NDB by 13% over the previous year and the improved performance of the fee based group companies.

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USAID focuses on private sector development

USAID is focused on private sector development and forming new, high impact public private partnerships in Sri Lanka, US Ambassador Patricia Butenis said at the Public Private Alliance Forum held at the Galle Face Hotel Thursday. She said that USAID and its partners are working and investing together to build new markets, unlock opportunity for rural and recovering communities and enhance the country’s economic potential.

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Pinnawala Central College students enjoying the service of the new pay phone.



 
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