Regional Development Bank opens
Regional Development Bank (RDB) will be launched today.
The country will be geared to produce more
entrepreneurs with the aim to fuel the rapid development drive. The
Bank launched today will be a bank with a local touch assisting the
emerging entrepreneurs to establish viable commercial ventures,
Regional Development Bank Chairperson Janaki Kuruppu told Daily News
Special Credit Guarantee Scheme:
Industrial Finance gets first CBSL loan
The Central Bank Sri Lanka has initially
allocated Rs 120 million to provide loan facility to Registered
Finance Companies in trouble under the Special Credit Guarantee
Scheme. This is in order to improve their liquidity position and to
resume normal business operations.
Increase in gold use now
The gold usage in Sri Lanka has increased by 20
percent in the post-war situation. It is due to the free movement of
people. Many people from distance cities are now heading to Colombo
in the hope of purchasing gold jewellery, making it a special
occasion of their life, Vogue Jewellers Director, Nanda Perera told
Daily News Business.