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Tuesday, 2 October 2012

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DSI to make further inroads in region

D. Samson Industries is looking to open several showrooms in India in a quest to expand their foot print in the region. Managing Director, D. Samson Industries, Kulatunga Rajapaksa said that they are looking at openings in Chennei, Bangalore and Coimbatore.

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Net Interest Margin expected to decline

The banking industry which accounts for 75 % of GDP in Sri Lanka experiences increased pressure on Net Interest Margin (NIM) and industry authorities emphasize the need to arrest the situation by introducing flexible and novel banking solutions particularly leasing and venture capital, fee-based banking, merchant and investment banking.

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‘Zero tolerance policy to prevent illegal operations vital’

The collapsing of financial institutions cannot be totally eliminated but a ‘zero tolerance' policy to prevent illegal operations and mismanagement will go a long way. President Counsel Dr Dayanath Jayasuriya said at a seminar on “Implications of the new Finance Business Act” (FB) at the Cinnamon Lakeside Colombo recently.

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The inaugural National Exhibition to showcase inventors and innovations of Sri Lankans organized by the Sri Lankan Inventors Commission which functions under the Ministry of Research and Technology began on September 30 at the BMICH. The event would conclude on October 2. Basil Rajapaksa, Senior adviser to the President and Minister of Economic Development opened the ‘Sahasak Nimevum’ National Inventions Exhibition at BMICH Canopy Hall on Sunday. Pavithra Wanniarachchi, Minister of Technology and Reseach, Bandula Gunawardane, Minister of Education, Deepal Sooriyaarachchi, Commissioner,
Sri Lanka Inventors Commission and government official also participated. Here Minister Basil Rajapaksa with an inventor. Pix by Chaminda Hittatiya



 
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