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Last Updated = Sat, May 27, 2017, 02:28 am SL Time

* Sri Lanka's John Keells profit before tax increases 19% to Rs.22.89 billion for 2016/17

May 27 (CP) Colombo- Sri Lanka's blue chip conglomerate John Keells Holdings (JKH) recorded a 19 percent increase in the Group's recurring Profit Before Tax (PBT) and the profits attributable to equity holders for the financial year 2013/14.
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* Sri Lanka's Mackly Sleepwear introduces first ladies' sleepwear collection

May 26 (CP) Colombo- Sri Lanka's premium sleepwear label Mackly will launch its first collection of ladies' sleepwear together with its latest children's collection with a runway event at Park Street Mews on 18 June.
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* Investors and Business partners from over 20 countries to take part in 'Sri Lanka Investment Conclave'

May 25 (CP) Colombo- The upcoming Sri Lanka Investment and Business Conclave 2017 ' has seen interest from investors and business partners from over 20 countries, who are looking for opportunities in diverse sectors of the local economy, the organizer of the conclave, Ceylon Chamber of Commerce said in a statement.
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* Sri Lankan rupee edges up on dollar selling by banks

May 26 (Reuters) The Sri Lankan rupee rose slightly on Friday as dollar selling by banks surpassed importer demand for the U.S. currency, traders said. Rupee forwards were active, with spot-next forwards at 152.80/90 per dollar, compared with Thursday's close of 152.90/95.
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* Watawala March profit soars as tea segment returns to profit

May 26 (DM) Watawala Plantations PLC group, which owns and runs tea, rubber and palm oil estates, reported earnings of 89 cents a share or Rs.211.8 million in after-tax profits for its fourth and final quarter ended in March 31, 2017, ...
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* Sri Lanka’s new PPP Unit to be launched at Chamber’s Investment Conclave

May 26 (LBO) Sri Lanka will launch its ‘Private Public Partnership (PPP) Unit’ at the upcoming ‘Sri Lanka Investment and Business Conclave 2017’, which will take place 30th May to 1st June 2017 in Colombo.
[Full Story]

* Intex Technologies partners with Softlogic Communications

May 25 (Island) In an effort to become a force to reckon with in the Sri Lankan market, Intex Technologies, a leading Indian mobile handset and consumer durables major, has entered into a strategic partnership with – Softlogic Communications Pvt Ltd
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* Sri Lanka state-owned retail chain Lanka Sathosa will not be sold, Minister assures

May 26 (CP) Colombo- Sri Lanka's state-owned retail chain Lanka Sathosa will not be sold to a diversified conglomerate, Minister of Industry and Commerce Rishad Bathiudeen assured.
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* Sri Lanka tea features prominently at the United Nations in New York

May 25 (CP) New York- A spectacular week long photo exhibition of Ceylon tea including a tea tasting titled "The Story of Ceylon Tea" is currently on display from 22-26 May 2017 at the United Nations in New York, to celebrate 150 years of Ceylon Tea.
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* Sri Lankan shares end lower on profit-booking; John Keells falls

May 26 (Reuters) Sri Lankan shares ended lower on Friday, recording their first weekly decline in nine, as investors booked profits in shares of diversified companies such as John Keells Holdings Plc and Melstacorp Plc .
[Full Story]

* Some stock brokerage firms ‘closing shop’ in the outstations

May 26 (Island) Several stockbrokers are now in the process of closing their outstation branches due to a lack of local investor participation in the Colombo Stock Exchange (CSE).
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* MMBL, Welcom Hotels Lanka India, to develop hotel chain: First City Hotel in Trinco

May 26 (DN) MMBL Leisure Holdings (Pvt.) Ltd. a subsidiary of the MMBL-Pathfinder Group and Welcom Hotels Lanka (Pvt.) Ltd., a subsidiary of ITC Limited, India, have inked a Memorandum of Understanding to develop a mid-market hotel chain in Sri Lanka.
[Full Story]

* Sri Lankan rupee flat; importer demand offsets dollar sales

May 25 (Reuters) The Sri Lankan rupee ended steady on Thursday as importer dollar demand offset selling of the greenback by exporters and state-run banks, traders said.
[Full Story]

* Amana Bank gets capital boost from ICD

May 25 (DN) Amana Bank has received confirmation from IB Growth Fund (Labuan) LLP, a subsidiary of the Islamic Corporation for the Development of the Private Sector (ICD), to participate in the Bank’s forthcoming rights issue.
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