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Last Updated = Thu, Oct 8, 2015, 08:07 pm SL Time

* Sri Lanka's expenditure for next year estimated at Rs. 3.14 trillion

Oct 08 (CP) Colombo- Sri Lanka's Finance Ministry has prepared the estimates of revenue and expenditure for the year 2016 and estimated the overall expenditure for the year to be 3.14 trillion rupees ($ 22.4 billion).
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* Sri Lankan rupee steady in dull trade, low importer demand

Oct 08 (Reuters) The Sri Lankan rupee was steady on Thursday in thin trade with subdued importer dollar demand due to measures taken by the government to discourage vehicle imports, dealers said.
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* BOI Chief to meet biz community at breakfast meeting

Oct 08 (DM) Board of Investment (BOI) Chairman Upul Jayasuriya will meet the business community at a breakfast meeting to be held on 19th October to outline BOI’s new policies and practices adopted to attract FDIs.
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* Sri Lanka tea prices hit lowest levels since March 2012 ; low growns most impacted

Oct 08 (LBO) Sri Lankan tea prices have come down to it’s lowest levels since March 2012 with low grown varieties the worst affected, latest data shows.
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* Charitable Tuk Tuk Run concludes 8 day adventure at Lantern Boutique Hotel, Matara

Oct 07 (CP) Colombo- Forty adventure seekers including top corporate professionals from around the world have taken on an eight-day trip by tuk tuk across Sri Lanka -all in the name of charity. The travellers who began the excursion in Jaffna on Friday, 18 September arrived at the Lantern Boutique Hotel in Matara on Thursday (24) before visiting the Foundation of Goodness (FOG) in Seenigama.
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* Juicy returns expected from Nelna Agri Development’s mango exports

Oct 07 (Island) For the first time in Sri Lanka, a local company, Nelna Agri Development, a subsidiary of the Nelna Group, is planning to export fresh mango to Japan. This is considered one of the difficult markets to enter due its strict quarantine procedures and quality consciousness on fresh fruits.
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* New DFCC Bank aims big with overseas assignments

Oct 07 (DN) The DFCC Bank hopes to entrench its footprint firmly in the country and also focus on financing international projects with its amalgamation with the DFCC Vardhana Bank (DVB) last Friday. DFCC Bank Chief Executive Officer Arjun Fernando said the bank will also be focusing on international markets as well.
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* Sri Lanka Tourism to focus on Asian Tourism as arrivals from Asia reach 45% of total

Oct 08 (CP) Colombo- Sri Lanka Tourism must focus on Asian Tourism as arrivals from Asia amounted to 45.3% of the total reaching 595,583 arrivals while the contribution from Europe dropped to 39% as at end September 2015, Sri Lanka Tourism Promotions Bureau Chairman Dr. Rohantha Athukorala said.
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* BOC debenture issue oversubscribed 2.5 times at Rs. 12.47 billion

Oct 08 (Island) The Bank of Ceylon, Sri Lanka's No.1 Bank sealed off its debenture issue being oversubscribed 2.5 times over its initial issue of Rs.5 Billion on the opening day. The Bank received applications far exceeding Rs.8 Billion by 10.30 am.
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* Japanese vehicle prices to soar

Oct 08 (DN) New Customs duties imposed on Japanese motor vehicles would discourage the trend of importing old Japanese motor vehicles into Sri Lanka, Sri Lanka Customs spokesman Leslie Gamini said yesterday. "The buyer must pay for the freight collect or freight charges
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* Sri Lanka, Poland to partner in energy, ICT sectors to boost bilateral trade

Oct 07 (CP) Colombo- Poland, the largest economy of the Central Europe has signaled its intention to partner with Sri Lanka energy and ICT sectors, Minister of Industry and Commerce Rishad Bathiudeen said.
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* Sri Lankan rupee ends higher on dollar selling by bank, low importer demand

Oct 07 (Reuters) The Sri Lankan rupee ended firmer on Wednesday as a private bank sold dollars amid tepid demand for the greenback from importers, dealers said.
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* Crosspoint wins big at Zebra Technologies Partner Conference

Oct 07 (DM) Crosspoint Business Solutions (CBS) was recognized at the Zebra Partner Conference held recently for its outstanding contribution to Zebra Technologies in the Sri Lankan market and was awarded the prestigious ‘Subcontinent Partner of the Year’ - the only Sri Lankan company to get this award.
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