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Sunday, 1 April 2012

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President Mahinda Rajapaksa uses an iPad to switch on an innovative 3D video mapping technique at the Brandix stall at Sri Lanka Expo 2012. One of the highlights of the stall was the use of video mapping to attire a mannequin in the apparel manufactured by Brandix for top international labels. Brandix Group CEO Ashroff Omar and CEO Corporate Marketing M. Raghuraman (2nd and extreme right ) and EDB Chairman Janaka Ratnayake (left) are also in the picture.

Investor confidence boosted despite malicious propaganda

Sri Lanka is open for investment and there is no risk of terrorism, no tough regulations obstructing business and the country is open for competition, President Mahinda Rajapaksa told the business delegation at the inauguration of Sri Lanka Expo 2012 at the BMICH last week.

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Urban population will increase to 57.2 percent by 2015

At present 32.2 percent of the global population live in urban areas while it is predicted to increase to 57.2 percent by 2015 and most of them live in slums. Additional Secretary Ministry of Defence and Urban Development, Janaka Kurukulasuriya said that urban development is one of the key features of the Governments policy and according to MDG’s improving the life of slum dwellers is a must.

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Food certification firm set up $ 1.3 million initiative

An MoU was signed between Ind-Expo Certification Ltd and Sri Lanka Tourism Development Authority (SLTDA) to launch a food certification firm. The $ 1.33m initiative was inaugurated by Minister of Industry and Commerce, Rishad Bathiudeen recently.

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People's Bank records highest-ever Group PBT of Rs. 21 b

The People's Bank surpassed all previous records to post a PBT figure of Rs. 21 b in FY 2011 – the highest-ever recorded in the banking industry to-date. This includes a PBT of Rs. 15.3 b recorded by People's Bank – which delivered a 75 percent growth over last year, emerging as one of the most profitable banks in Sri Lanka for FY 2011.

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Sri Lanka–Korea trade further strengthened

Trade between Sri Lanka and Korea will increase by about 20 percent this year, said Deputy Minister for Planning and Coordination/Ministry of Knowledge Economy Korea, Jeong Marn-Ki addressing a Sri Lanka-Korea luncheon meeting on Wednesday. He said that there is enormous potential to boost trade and investments between the two countries which is currently in favour of Korea.

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New Managing Partner and Country Head of KPMG

Mohamed Reyaz Mihular has been appointed Managing Partner and Country Head of KPMG. Reyaz has been with KPMG Sri Lanka for over 30 years and during this time his contribution has been phenomenal. In addition to holding a number of leadership positions within the KPMG network.

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