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Last Updated = Fri, Oct 21, 2016, 11:52 pm SL Time

* Sri Lanka Telecom wins government fiber optic broadband deal

Oct 21 (CP) Colombo- Sri Lanka's national ICT solutions provider, Sri Lanka Telecom PLC (SLT) has secured a contract to provide a fiber-optic broadband network for the government.
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* Fitch expects strong growth for Sri Lankan Telcos despite higher taxes

Oct 21 (CP) Colombo- Fitch Ratings has maintained a stable outlook on Sri Lanka's telecoms sector. The rating agency expects the credit profiles of Sri Lanka Telecom and Dialog Axiata to remain steady despite higher taxes and large capex
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* Sri Lankan shares edge up on foreign buying, turnover hits near 3-wk high

Oct 21 (Reuters) Sri Lankan shares ended slightly firmer on Friday, edging up from their lowest close in 1 month hit in the previous session, as foreign investors bought risk assets ahead of a flurry of corporate results and next month's national budget.
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* Tourism chief admits need for extensive research into tourism markets

Oct 21 (Island) Admitting the lack of market research data, the head of a government tourism agency this week said that global market research into changing tourist behaviour should be undertaken in the future.
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* Sri Lanka central bank considers revamping primary auctions

Oct 21 (LBO) Sri Lanka’s Central Bank is considering revamping the Primary Auction system for government securities, sources said. The proposed system would overhaul the auction bidding process and introduce non-competitive bidding so as to create a level playing field.
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* Sri Lanka Telecom recruits outsourced employees

Oct 20 (CP) Colombo- Sri Lanka's National ICT solutions provider, Sri Lanka Telecom PLC (SLT) has recruited 121 outsourced employees attached to its Human Capital Solutions (HCS) subsidiary to permanent cadre of SLT.
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* Regional Plantation Companies ink productivity-linked wage, maintains call for transition to revenue sharing model

Oct 20 (Island) The Planters Association of Ceylon (PA) announced that the RPC’s had officially entered into a new collective agreement with plantation sector trade unions to increase estate worker minimum daily wages to Rs. 730.
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* Initiative to set up fifteen new sugar refining plants

Oct 20 (DN) Plans are underway to increase sugarcane cultivation with the setting up of 15 new manufacturing plants.The project will be implemented under two stages. A long term project will be implemented under the first stage while a middle term project will be introduced under the second stage.
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* Sri Lanka nationwide inflation increases to 4.7 percent in September 2016

Oct 21 (CP) Colombo- Sri Lanka's nationwide inflation in September 2016 determined under the new National Consumer Price Index (NCPI) declined to 4.7 percent from 4.5 percent recorded in August 2016, on an year-on-year basis, the Department of Census and Statistics reported on Friday.
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* Sri Lankan rupee steady; importer demand offsets exporter dollar sales

Oct 21 (Reuters) COLOMBO- The Sri Lankan rupee was trading steady on Friday, with dollar demand by importers offsetting conversions of the U.S. currency by exporters, said dealers.
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* Plantation worker wage settlement ‘acceptable to TUs’

Oct 21 (Island) Administrative Secretary Lanka Jathika Estate Workers’ Union Velayudam Ruthiradeepan (VR) speaking to The Island Financial Review said the prolonged wage negotiations for plantation workers were concluded this week.
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* Russian Ambassador appeals from president to reconsider proposed Chrysotile Fibre ban

Oct 21 (DN) Ambassador of the Russian Federation to Sri Lanka Alexander A. Karchava, made a fervent appeal to the Council to intervene in the government’s decision to ban the use of Chrysotile Fibre in Sri Lanka. “Such a move may strain relations between the two countries.”
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* New initiative to make Sri Lanka self-sufficient in sugar production

Oct 20 (CP) Colombo: The Sri Lankan government, targeting to make the country self-sufficient in sugar production, has initiated plans to increase sugarcane cultivation and to set up 15 new production plants in the country.
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* Sri Lankan shares close at 1-month low in thin trade

Oct 20 (Reuters) Sri Lankan shares ended slightly weaker on Thursday, posting their lowest close in a month, as investors awaited next month's national budget and a flurry of corporate results.
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* Three all-time record prices at tea auction

Oct 20 (DM) Kenilworth estate situated in Ginigathhena has achieved an all time record price at the weekly tea auction of 19th October, by securing an attractive price of Rs.890 per kg for a BOP SP grade in the Western Medium Grown category.
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