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DateLine Monday, 3 September 2007

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Business

A solid tyre plant to be set up:

Laugfs tyres for Aussie market

LAUGFS Corporation Rubber (PVT) Limited (LCRL), a subsidiary of Laugfs Holdings will invest US$ 3 million this year for a solid tyre plant in Millewa-Horana.

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Private IT schools, main producers of required experts

“Private sector IT educational institutes currently makes the largest contribution to the produce experts required by the industry said General Manager, Virtusa Corporation Madu Ratnayake at the NICS IT - BPO Capacity Summit.

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Broadband connectivity vital for businesses

Sri Lanka needs to focus special attention on broadband connectivity as it is becoming more important for the development of businesses in the country.

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Powergas Lanka to set up LPG storage terminal

Powergas Lanka signed an agreement with the BOI to set up an LPG storage terminal, a bottling plant and a distribution network.

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Special

The Moving Finger

HNB Stockbrokers’ weekly market review

People’s Voices

Travel

Prof. Rohan Samarajiva.
Picture by Saliya Rupasinghe


Balance of payments: As a result of strong external sector developments, the overall balance of payments (BOP) recorded a surplus of around US dollars 151 million during the first seven months of 2007. Reflecting the BOP surplus, the gross official reserves (excluding ACU receipts) increased to US dollars 2,681 million by end July 2007 from US dollars 2,526 million at end 2006. The reserves at end July 2007 are sufficient to finance about three months of imports.



 

Confidence is the foundation for all business relations. The degree of confidence a man has in others, and the degree of confidence others have in him, determines a man’s standing in the commercial and industrial world.

 

- William JH Boetcker

 

 
Gamin Gamata - Presidential Community & Welfare Service
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