Sunday, 26th October 2014

Business Editor: 0094 11 242 9221 / E mail: business@dailynews.lk

Business

The strategic partners, Amana Bank CEO Mohamed Azmeer, HDFC Bank CEO and GM Nimal B Mamaduwa, Regional Development Bank GM and CEO T Ariyapala, DFCC Vardhana Bank Chairman Cedric Royle Jansz, DFCC Vardhana Bank CEO Lakshman Silva, Deputy Governor Central Bank P. Samarasiri, DFCC Bank CEO Arjun Fernando, Lanka Orix Finance MD and CEO Brindley De Zilva, Sanasa Bank COO Kumar Mayadunne, Union Bank Director CEO and Anil Amarasuriya with the plaques. Picture by Saliya Rupasinghe
DFCC Vardhana Bank (DVB), announced its ground-breaking Lanka Money Transfer (LMT) service effective from 15 November 15. This new offering is a remittance service which allows customers, both the sender and receiver to transfer money with ease, using the banks. Commenting on the new LMT service, DFCC Vardhana Bank CEO, Lakshman Silva told the ‘Daily News Business’ that they are hoping to rope in three more banks by the end of the year and increase the number of banks to 10. “Our extensive partner network provides our joint customers with the opportunity to remit their money with ease to the...
Chairman Satheesh Navarathne and  CEO  H.K.Rohana.  Picture by Saliya Rupasinghe
Sadaharitha Plantations and the world's largest sandalwood and agar wood trader, Wescorp in Australia will jointly invest to build a wood oil extracting plant in Sri Lanka.This will be a BOI venture and construction will begin in 2016. Sadaharitha Plantations Chairman Satheesh Navarathne said currently Sri Lanka only exports wood in raw form and with a factory they could earn over US$ 15,000 for a kilo of agarwood oil. "This is the reason the Australian investor is keen to come to Sri Lanka and begin this joint venture." He said the company will also invest on acquiring 195 acres in Dehiowita...
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