Commercial banks this week reduced their borrowing and some part of their lending rates in line with calls by the Central Bank to cut rates but credit demand hasn’t risen as one would have expected, banking sources said.
An international cosmetics range which started domestic manufacturing just one year ago has already begun exporting locally made products to Bangladesh and Pakistan.
Exquisite leather footwear from
Sri Lankan manufacturers
Russian Ambassador Vladimair Mikhayalov and his wife, Elena, keenly inspect shoes at the Footwear and Leather Fair 2009 at the BMICH which opened on Friday and ends today. The ambassador told a Sunday Times FT reporter that he was visiting the fair to see whether there was a possibility of exporting some of these high quality products. Pic by J. Weerasekera
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