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Last Updated = Tue, Aug 4, 2015, 11:14 pm SL Time

* Australia's MRL Corporation signs agreement with Intelligent Materials to identify commercial applications for Sri Lanka graphite

Aug 04 (CP) Colombo- Australia's MRL Corporation will look to identify commercial applications for graphite from its Sri Lankan projects after signing an agreement with Australian graphene company, Intelligent Materials, the company said in a market disclosure.
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* Sri Lanka's investment board to ink agreements with 4 foreign investors

Aug 0 (CP) Colombo- Sri Lanka's investment promotion agency, Board of Investment of Sri Lanka (BOI) will sign agreements with four major foreign investors to setup factories for a total investment of US$ 4 billion, BOI Chairman Upul Jayasuriya said.
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* 3,000 shareholders in limbo after acquisition of Pelwatte Sugar Industries: DCSL

Aug 04 (Island) Three thousand shareholders have been in limbo since the government's acquisition of Pelwatte Sugar Industries in November 2011, and hitherto no action has been taken to pay any compensation to them,
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* Volkswagen to invest USD30mn in Sri Lanka for vehicle assembly plant

Aug 04 (LBO) German based automobile manufacturer Volkswagen has agreed to invest 30 million US dollars to set up a vehicle assembly plant in Sri Lanka, BOI Chairman Upul Jayasuriya said.
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* Sri Lanka records marginal deflation for July 2015

Aug 03 (CP) Colombo- Sri Lanka's inflation rate fell below zero percent recording a marginal deflation of 0.2 percent for the month of July. Inflation, as measured by the change in the Colombo Consumers' Price Index (CCPI) , declined marginally to -0.2 percent
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* Palm oil market seems promising despite crude oil price drop

Aug 03 (Island) The palm oil industry looks promising and demand should grow in future despite the price drop of crude oil and maturing trees, according to Sri Lanka's Carson Cumberbatch group with plantations in Malaysia and Indonesia.
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* Sri Lanka’s Bansei Royal Resort to build a food village in Hikkaduwa

Aug 03 (LBO) Sri Lanka’s Bansei Royal Resort, managed by resort chain Jetwing, is planning to build a ‘food village’ in Hikkaduwa, a small beach town on the south coast of Sri Lanka located in the Southern Province.
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* Sri Lanka Economic Summit 2015 begins today

Aug 04 (CP) Colombo- Sri Lanka 'Economic Summit 2015', an annual event organized by the Ceylon Chamber of Commerce (CCC), will start today at 9.00 am in Colombo.
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* Sri Lankan shares slip from near 6-month high on profit-taking

Aug 04 (Reuters) Sri Lankan shares fell on Tuesday from their highest in nearly six months as investors booked profits following a four-day rally on hopes of political stability after the Aug. 17 elections, brokers said.
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* Pharma companies to produce more in Lanka,tap exports

Aug 04 (DN) The Sri Lanka Pharmaceutical Manufacturers Association (SLPMA) will increase the market share of locally produced pharmaceuticals upto 30 to 35% by 2018 in collaboration with the government and the Health Ministry.
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* Sri Lanka to issue US$ 100 million development bonds

Aug 03 (CP) Colombo- Sri Lanka Central bank today announced that it plans to sell US$ 100 million worth of development bonds to foreign and local investors. The Public Debt Department of Central Bank will issue US$ 100 million in Sri Lanka Development Bonds of 1 year 7 months and 2 years 5 months tenor to eligible investors
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* Sri Lankan shares end steady near 6-month high

Aug 03 (Reuters) Sri Lankan shares ended steady at their highest in nearly six months on Monday, as investors picked up risky assets on expectations of strong corporate earnings and political stability after the Aug. 17 parliamentary polls.
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* Major foreign debt restructuring move after elections

Aug 03 (DM) Interest rates on foreign borrowings will be brought down significantly via debt restructuring following the upcoming election, Finance Minister Ravi Karunanayake said.
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* Herbilan Shipping launches first feeder service

Aug 03 (DN) For the first time in the Sri Lankan shipping industry a private enterprise is set to launch a feeder service linking Sri Lanka with India and Myanmar. The mentor behind this project, Herbie De Silva said that he saw that Sri Lanka is losing considerable amount of transshipment cargo destined to Middle East Europe, Africa US East Coast and Europe due to non availability of dedicated feeder connecting Yangon-Colombo.
[Full Story]

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