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Second phase development of Colombo International
Airport:
AASL receives US $ 350 m credit from JICA
Airport and Aviation Services Ltd, (AASL) has
secured credit facilities to the tune of US $ 350 million from Japan
International Corporation Agency (JICA). This is the first time that
a government institution had received direct credit from an overseas
organisation. Chairman AASL, Prasanna Wickramasuriya said that these
funds would be utilized for the second phase development of the
Colombo International Airport. Sri Lankan tourism is fast developing
and the arrival numbers are increasing. In addition airlines want to
increase frequencies while new carriers too want to fly to Colombo.
This is the reason that the Colombo airport needs more capacity,” he
said.
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HNB continues capital raising spree
HNB PLC yesterday entered into an agreement with
the German Development Finance Institution, DEG to raise US$ 25
million through a eight year subordinated loan which forms part of
tier II capital of the bank. The funds raised would be utilised to
finance the growth in small and medium enterprises which is one of
the most important sectors supporting the post conflict growth in
Sri Lanka.
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ComBank, Ria Financial Services tie up
The Commercial Bank of Ceylon has tied up with
Ria Financial Services, the third largest money transfer company in
the world, substantially enhancing its offering in the sphere of
remittances. This paves the way for Sri Lankans to collect from
Commercial Bank branches monies remitted from any of the 140,000
locations of Ria’s global network in 140 countries on six
continents. Some of the locations covered by Ria’s network include
key corridors such as USA, Canada, Italy, Cyprus, Australia France,
UK, Germany, Switzerland, and the agreement will also open up new
corridors for remittance offering, the bank said.
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World’s top mobile experts to Colombo
Participants in the third South Asian Mobile
Conference to be held on May 30 could enjoy a rare chance in
valuable interaction with world’s top experts on the mobile.
According to ICTA, the hosting organization of the conference, says
that foremost among the speakers scheduled to address the conference
are Tomi Ahonen, Ralph Simon and Hassan Shahid.
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