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Last Updated = Sun, Dec 9, 2018, 07:30 pm SL Time

* Sri Lanka's tea production up 15% in October

Dec 09 (CP) Colombo- Tea production in October gained by 3.9 million kilos or 15% to 29.6 million though the first 10 months figure was down marginally by 2% to 253 million kilos. Forbes and Walker Tea Brokers said all elevations have shown a growth year-on-year (YOY) growth
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* Huge LNG contract deadline now extended after ST exposure

Dec 09 (ST) From as early as 2005, the Board of Investment (BOI) had received several proposals to set up liquefied natural gas (LNG) power plants and regasification units, but there was no progress till Cabinet approved a US$ 500mn plant by China Machinery Engineering Corporation (CMEC) in May this year.
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* STAX Head of Research reaches the finals of the prestigious Bracken Bower Prize

Dec 08 (CP) Colombo- Sri Lanka's premier Management Consulting firm, STAX has long been known to attract top talent from some of the world's most prestigious universities and corporates. Its Head of Research Piyumi Kapugeekiyana is a testament to this.
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* Constitutional Crisis: another $ 100mn flees Sri Lanka’s capital markets last week

Dec 08 (LBO) Last week, the recent trend of foreign outflow from Sri Lanka’s stock and bond markets picked up speed with almost US$100mn of outflows in just the last week. This takes total outflows since the constitutional crisis to approximately US$350mn.
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* Banking and insurance sector earnings continue to grow in September 2018 quarter

Dec 08 (DN) Banking sector earnings posted a +14% YoY growth to Rs. 17.7 billion while continuing to be the largest contributor to overall earnings...
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* John claims tourism boom busted by political crisis

Dec 08 (DFT) Former Minister John Seneviratne yesterday warned that the political crisis had crippled the prior boom experienced by the tourism industry and called for a swift end to the current impasse.
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* SL’s rubber industry has hit an all time low – CRTA Chariman

Dec 09 (Island) With rubber prices on the decline, the industry has now hit an all time low, says Amanda Weerasinghe, Chairman, the Colombo Rubber Traders Association (CRTA). The need to enhance production is of priority importance.
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* Sri Lanka doesn’t produce cheap garments - JAAF

Dec 09 (SO) The Joint Apparel Association Forum (JAAF) looks forward to having a stable rupee and is not very keen on short term gains, JAAF Secretary General Tuli Cooray said. With the launch of JAAF’s new logo, the industry plans to forge ahead with its third strategic plan, taking the industry to the next level.
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* Sri Lanka's EFL facilitates significant cross-border logistics movement between Bangladesh and India

Dec 08 (CP) Colombo- Leading global logistics provider Expolanka Freight (Pvt) Ltd (EFL) achieved a significant milestone in cross-border trade by creating a tailor-made logistics solution and acting as the key facilitator to handle the very first bonded Cross-Border Land-Air Transshipment, on behalf of a leading European retail brand.
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* Some bounce for CSE from foreign buying of Seylan shares

Dec 08 (Island) The CSE evinced some bounce despite the country's political and economic crisis yesterday.
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* Cinnamon sweeps National Tourism Awards

Dec 08 (DM) Cinnamon Hotels and Resorts swept away six awards at the Sri Lanka Tourism Awards 2018 held recently.
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