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Lankan bank branch density on the rise

There will be 1,804 more banking branches in the country by 2015, increasing the branch density from 23.5 in 2010 to 30.5 by 2015, according to a survey report launched by Jones Lang LaSalle at Cinnamon Lakeside Hotel on Tuesday.

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Investment Rs. 30 million:

Domino’s Pizza to expand presence in Lanka

India based Jubilant Foodworks Ltd which owns the exclusive franchise right to Domino's Pizza in India, Sri Lanka, Nepal and Bangladesh is set to expand its presence in Sri Lanka by adding another five to six outlets with a state of the art factory at a cost of Rs 300 million in 2012.

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IFC, SANASA Insurance pilot Insurance

IFC, a member of the World Bank Group, is working with micro-insurance company SANASA Insurance to develop flexible, affordable, weather-based agricultural insurance products in Sri Lanka to minimize the impact of crop losses due to floods or droughts.

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With the end of the 30 year civil conflict, the Nandikadal beach, where the war raged in its’ last stages, and the adjacent areas have returned to normalcy. The fisherfolk in the area are free to engage in their traditional craft as the restrictions imposed on them for security reasons have been lifted. Over 95 percent of the fish harvest from the Mullaitivu area is transported to Colombo and plans are underway to construct several ice storage facilities. Here, some fishermen who have just returned from the sea with the night’s fish harvest unravelling their nets. Picture by Saliya Rupasingha

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