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Saturday, 21 April 2012

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Outlook 2012 predicts 26-28% private investment upsurge in SL

The government projects private investments to rise from around 21 percent of GDP in 2011 to about 26-28 percent in the next few years according to Asian Development Outlook 2012.

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ComBank ATMs dispense Rs 7.6 b in week preceding Avurudu

All-time single-day record of Rs 1.6 billion withdrawn on April 10, 2012:

Sri Lanka's single largest ATM network owned and operated by the Commercial Bank of Ceylon dispensed Rs 1.6 billion on April 10, as Sri Lankans prepared to celebrate New Year.

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North Eastern Ice Co to embark on Rs 60 m project

North Eastern Ice Company is to embark on a Rs 60 million investment project for the setting up of ice manufacturing plants in three locations in the Northern and Eastern provinces, Kalmunai, Valaichchenai and Gurunagar in Jaffna.

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Belgium keen to invest in Sri Lanka

Belgium, a top diamond supplier to Sri Lanka, is keen to invest in manufacturing and consulting in Sri Lanka. “We invite Belgium investors to use our FTAs with India and Pakistan to access the South Asian market,” said Rishad Bathiudeen, Minister of Industry and Commerce.

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ComBank’s ATM network processed more than 808,000 transactions and dispensed Rs 4.2 billion between April 10 and 12. Here an enthusiastic cash withdrawer trying to beat the Avurudu rush



 
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