Mobitel set to increase profits
All base stations 4G LTE compatible:
Mobitel is expecting to better its performance
and recording profits surpassing last year’s net profit of Rs 1.5
billion. Mobitel contributed 40 percent in terms of revenue for the
Group and 45 percent in operating profits in 2010.
Hotel projects galore with US$ 573m investments
Sri Lankan tourism industry shows signs of being
one of the major industries with the influx of mega hotel projects
worth US $ 573 million investments and the investor-friendly
policies adopted by the Government.
CB defends equity lending restrictions
The Central Bank yesterday defended its decision
to get licensed banks to limit their lending portfolios for
customers buying equities. ”We are not attempting to limit market
growth but only to regulate it,” Central Bank Deputy Governor Dharma
Dheerasinghe told Daily News Business yesterday.