Lanka gears for tourism boom
Sri Lanka Tourism to fast track projects:
The public sector needs to play a major role in
facilitating private sector investments in the tourism industry
owing to their tremendous participation in the sector in the
country, Sri Lanka Tourism Development Authority Director General S
Kalaiselvam said. “The tourism sector is driven by the private
sector and facilitating private sector in the country will generate
more revenue for the Government in terms of tax and employment
opportunities for the locals,” he said.
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Sampath Bank Group profit tops Rs 2.1 b in Q3
Sampath Bank Group, which consists of the Bank
and four subsidiary companies, continued with its growth momentum in
the third quarter of 2010, by recording all-round impressive results
over the corresponding period in 2009, despite many challenges
faced. Pre-tax profit of Rs 3,212.4 million of the Group for the
first three quarters of 2010 recorded a growth of Rs 528.1 million,
over the previous year's pre-tax profit of Rs 2,684.3 million, with
Sampath Bank, contributing bulk (93.2 percent) of the profit as the
main entity of the Group.
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Empowerment project to help SMEs in Vanni
More than 2,400 households and about 6,000 micro
and small entrepreneurs will benefit from a new project launched in
Vavuniya. The three-year project, Local Empowerment through Economic
Development (LEED) will be jointly implemented by the MLR&PP and the
International Labour Organization (ILO).
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