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North and East will be open for business shortly:
Consume local food products and save $ 1,700m annually -
Maubima chairman
Sri Lanka can save US$ 1,700 million in foreign
exchange annually if people consume local food products and there
would be no need to depend on foreign loans, Chairman Maubima Lanka
Foundation Ariyaseela Wickramanayake told Daily News Business. He
said that Sri Lanka has lost a large number of job opportunities in
the field of agriculture because the country imports what could be
produced locally.
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People’s Merchant Bank to invest over Rs. 25m on expansion
The People’s Merchant Credit Card received
initial backing from the People’s Merchant Bank PLC for its
financial stabilization and it will further invest Rs.25 - 30
million to expand activities. “This capital injection is
sufficient”, said People’s Merchant Bank PLC Chairman Timira
Rajapakse.
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Dr. Amunugama stresses need to build foreign reserves
Security tariffs that were imposed during the
war and costs such as insurance and freight for imports will be
revised soon, said Minister of Public Administration and Home
Affairs and Deputy Finance Minister, Dr. Sarath Amunugama.
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JAAF targets over $ 3.3 b turnover through apparel exports in
2009
The Joint Apparel Association Forum (JAAF) is
targeting a turnover of over US$ 3.3 billion, through apparel
exports this year.
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