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Lanka Tiles Plc is to invest Rs. 200 million as part of a key strategy to export porcelain mosaic tiles with foreign collaboration.

Monday, 16 December 2019 06:02

Trade deficit shrinks by $ 2.4 b

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Sri Lanka’s trade deficit shrank by $ 2.4 billion in the first 10 months of 2019 assisted by a decline in merchandise exports earnings and local policies driving down imports, latest data by the Central Bank shows.

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Sri Lanka’s trade deficit contracted in October 2019 (year-on-year), with the decline in expenditure on imports and a marginal decline in earnings from exports, Central Bank announced.

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Asia property award winner, ‘The One', a triad of towers being built at Transworks Square Colombo, is designed to become a landmark destination in Sri Lanka. Spanning 376 metres in 92 floors, The One tower at completion will be South Asia's 6th tallest tower to date, officials said.

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Hans Timmer, the World Bank’s chief economist for South Asia, has warned that promised tax cuts by the new government of President Gotabhaya Rajapakse could destabilise the economy and deepen the island’s financial crisis.

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The One Transworks Square (Pvt) Ltd. took its rightful place among the Asia’s finest real estate players as it scored a major win at the prestigious PropertyGuru Asia Property Awards 2019 held in Bangkok, Thailand.

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Sri Lanka is facing multitude of macroeconomic challenges and it is essential to overcome it within a short period, Governor of the Central Bank Dr. Indrajit Coomaraswamy said.

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LOLC Holdings Plc, is to sell its stake in their subsidiary unit in Cambodia and use the proceeds to fund acquisition of microfinance firms in emerging markets from Brazil to India, Ishara Nanayakkara Deputy Chairman of the company told a foreign news agency in Colombo.

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When commercial, and security printing company, Digiscan Secure Print Solutions Pvt Ltd participated at the Paper world 2019 Exhibition organized by Messe Frankfurt, in Germany for the first time, the company didn’t anticipate that they would receive an influx of orders from different countries.

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In the present era, the buyer’s choice is being shaped by the digital devices around them and it’s time for companies to look at customer relation management through a different angle of sales and marketing.

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