Footwear industry has great potential
Government policy leads to industry’s survival :
The Sri Lankan footwear industry can reach
higher, similar to the apparel industry with more recognition for
young industrialists. The footwear industry in Sri Lanka has greater
potential as Sri Lanka is intense with labour, especially trainable
labour.
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Fund to reduce terrorism cover by 75 percent:
Insurance industry in good shape
The insurance industry has performed well
despite the global recession recording growth in the long term and
general insurance sectors. The first quarter of 2010 looks promising
for the insurance industry with more investments generating economic
activities due to establishment of peace.
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Records Rs 543 m profit for 2009:
Seylan Bank bounces back
Seylan Bank recorded a Rs 543.30 million profit
after tax for 2009 representing an increase of 250 percent over the
previous financial year. The Bank’s profit before tax increased from
Rs 155.24 million in 2008 to Rs 892.57 million in 2009 thus
recording an unprecedented increase of 475 percent.
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