Friday, 31st October 2014

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

Business

Sri Lanka needs to have sustainable credit management practices in order to manage the total Rs 18 trillion lending within the country, Central Bank Governor Ajith Nivard Cabraal said. “Every country needs to have a good credit management system when credit is given and recovering credit from various organisations. Therefore, people should be trained on credit management systems,Governor Cabraal told the graduation and awards ceremony of the Institute of Credit Management of Sri Lanka held recently . He said a total of Rs 18 trillion worth of credit has been granted by banks and various...
Senior Panasonic and Singhagiri officials and models at the launch. Picture by Saliya Rupasinghe
For the first time global electronics major, Panasonic launched its mobile phone series in Sri Lanka by extending its innovative product portfolio and services to the users in the country. Panasonic introduced its Android-based smartphone series including its internationally acclaimed ELUGA series in the Sri Lankan market. Daizo Ito, Regional Head, ISAMEA (India, South Asia, Middle East and Africa) Region and President, Panasonic India said Sri Lanka is the second SAARC country after India to launch Panasonic Mobiles. "We consider Sri Lanka as a very serious market and will invest heavily on...