Budget for 2010
Chambers seek industry friendly budget
The Government will present a budget for 2010
today. The budget for 2011 will be presented in November as usual.
This budget will present policies and principles that will govern
the present Government during the current tenure of the President
and the Parliament. The Daily news Business spoke to some of the
Chamber Heads about their expectations about both budgets.
Genting Berhad Malaysia invests Rs 1 billion:
Union Bank share issue over-subscribed
The Union Bank of Colombo is geared to achieve
its goal of becoming a financial powerhouse with the recent equity
infusion of Rs 2 billion, of which, Rs 1 billion was made by the
Malaysian giant engaged in leisure and hospitality, Genting Berhad.
The capital was raised by way of a private placement adding
positively to the vast strides the bank has taken to boost investor
Sanasa Bank second in MIX Global ranking
Sanasa Development Bank has been ranked second
in the 2009 MIX Global 100 composite ranking of microfinance
institutions by the Microfinance Information Exchange (MIX).