SriLankan and Mihin Lanka to acquire 9 more aircraft
SriLankan and Mihin Lanka airlines would acquire
nine additional aircraft to increase its capacity to 30 in the next
three years said Chairman SriLankan Airlines, Nishantha
Wickramasinghe. Speaking at a press conference at The Arabian Travel
Mart he said that currently both airlines have 21 aircraft and this
would be made 30 by 2015. He said that they would also add Seoul to
the airline radar by the end of this year and would also increase
frequencies to India by the end of this year.
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Rupee to stabilize with govt’s measures to address the issue’
The rupee will stabilize below Rs 125 against
the US dollar as the government has taken serious measures to
address the underline imbalance of the economy. Stabilization of the
rupee could be seen in the near furniture, Secretary to the Treasury
Dr P B Jayasundara said at a press conference held on Monday. “The
exchange rate is driven by speculation. However, there is no reason
whyit should not stabilize below Rs 125 once the measures taken by
the government begins to take effect. With measures such as the
adjusting of fuel and electricity prices, imposing of higher import
tariffs together with revising the monetary policy twice in the last
few months, is expected to bring stability to the economy,” he said.
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HDFC publishes integrated annual report
HDFC Bank has taken the lead in publishing
integrated annual report givinga holistic picture for the year ended
2011. “This is our first attempt in publishing an integrated annual
report that showcases a holistic view of HDFC Banks’ commitment on
economic, environment and social aspects of its operations. HDFC
depends on stakeholders from employees to community, customers to
valued business partners, shareholders to the nation at large,” HDFC
Bank Chairman Siromi Wickramasinghe told Daily News Business.
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“Indo-Lanka bilateral trade increased by over 65% in 2011”
India-Sri Lanka bilateral trade has increased by
over 65% last year , close to US $5 billion, Indian High
Commissioner to Sri Lanka Ashok K Kantha, said. According to Kantha,
Indian companies had invested about US $150 million in Sri Lanka
last year. He said both countries are witnessing a boom in real
estate segment and construction industry, which provides
opportunities for enhanced cooperation.
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