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Road Map 2012 and beyond:
Banking sector assets to double
Assets of the banking sector is projected to
increase to Rs. 8,000 billion from the current level of around Rs.
4,100 billion by 2016 said the Central Bank Governor Ajith Nivard
Cabraal. Speaking at the release of the Road Map for 2012 and beyond
he said that lending is projected to reach a broader spectrum of
corporates and households and is projected to reach Rs. 5,000
billion. This is currently at around Rs 2,500 billion.
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‘Lankan healthcare world class’
The country’s private healthcare facilities are
on par with international standards and the sector could look at
business beyond borders. The Asiri Central Hospital acquired at an
investment of Rs 1.8 billion today stands as the best healthcare
institution in Asia and the vision of the management is to take the
service to the next level, Softlogics PLC Chairman Ashok Pathirage
said.
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AirAsia to Bangkok direct from Colombo
AirAsia, the World’s Best Low-Cost Airline (Skytrax
Award 2009, 2010, 2011), has launched daily direct flights from
Colombo to Bangkok. The first flight from Colombo to Bangkok is
scheduled to depart on March 1, 2012. AirAsia, the leading and
largest low-cost carrier in Asia, services the most extensive
network with approximately 139 routes.
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Timex Fergasam expands to Mannar with $ 5 million, 1,200 jobs
The first BoI apparel manufacturer to enter
Mannar, Timex and Fergasam Group (T&FG) will be investing $ 5
million for its two factories in the region. Officials of Timex and
Fergasam said that the upcoming factories will be the 17th and 18th
manufacturing facilities to be set up by the apparel group.
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