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Last Updated = Sat, Aug 27, 2016, 11:50 pm SL Time

* Trade agreements needed for Sri Lanka's economic survival - official

Aug 27 (CP) Colombo- Sri Lanka cannot survive on its own at a time the whole world has become a global village and trade agreements are very much needed for the country's economic survival, a top official of the government says.
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* SriLankan Airlines' flight schedule changes due to BIA runway work

Aug 26, Colombo: Sri Lanka's national carrier, SriLankan today announced its customers the changes in flight schedules due to the scheduled maintenance work on the runway of the country's main international airport at Katunayake. The following flights have been cancelled:
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* Sri Lanka seeking a partner from the Indian subcontinent to develop East Container Terminal at Colombo port

Aug 26 (CP) Colombo- Sri Lanka is seeking a partner from the Indian subcontinent to develop a port designed to be its deepest one, and accommodate the world's largest container vessels, Shipping Minister Arjuna Ranatunga said on Thursday.
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* ‘Six bn rupee loss suffered by plantations while glyphosate ban issues mount’

Aug 27 (Island) Chairman Planters’ Association of Ceylon,( PA )Roshan Rajadurai said at a press conference on August 23 that the plantations were continuing to register losses. Trade union demands for higher wages could not be fulfilled.
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* Good financial discipline kept prices under control: Ravi K

Aug 27 (DM) Addressing a ceremony organized by Young Professional Association to mark the completion of one year to the good governance administration, Minister Karunanayake said that some groups are claiming illogically that the prices of consumer items have gone up.
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* Sri Lanka's national airline carrier to face losses due to airport runway closure

Aug 26 (Xinhua) COLOMBO- Sri Lanka's national airline carrier will be making a loss of an estimated 50 million U.S. dollars in revenue when the only runway at the Colombo international airport will be shut during much of the day for three months, local media reported on Friday.
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* ‘SriLankan pilots and crew their own whistleblowers’

Aug 26 (Island) You might have experienced late flight arrivals or departures with SriLankan Airlines and other issues, but we have never compromised your safety whatever cost it might have incurred the Airline,
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* ‘Great potential for all visa partners in Lanka’: Visa opens office in Colombo with country’s growth plans

Aug 26 (DN) Visa, the payments technology company opened its office in Colombo and has appointed Anthony Watson as the country manager for Sri Lanka.
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* Report on Emerging Trends and New Opportunities in Sri Lanka's Insurance Industry

Aug 27 (CP) Colombo- The Ceylon Chamber of Commerce (CCC), the premier business chamber in Sri Lanka has released a report on the Emerging Trends and New Opportunities in Sri Lanka's Insurance Industry.
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* Sri Lanka raises excise duty on diesel

Aug 26 (CP) Colombo- The Sri Lankan government has raised excise duty on diesel by Rs. 10 with effect from August 20, the Finance Ministry said in a statement. Accordingly, the excise duty has been increased from Rs. 3 to Rs. 13, a Finance Ministry official said.
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* DPL receives Presidential Award for highest value added exports

Aug 26 (CP) Colombo- Sri Lanka's leading non-medical glove exporter Dipped Products PLC (DPL) was recognized as the Highest Value Added Exporter in the Rubber and Rubber Based Product Sector in the recently concluded Presidential Export Award for 2014.
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* Lanka must take note of rapid advances in AI - Minister

Aug 27 (DN) Sri Lanka has to take due cognizance of the rapid advances in Artificial Intelligence (AI), robotics and 3D-printing which enable substantial productivity improvements and threaten the existing job market, Development Strategies and International Trade Minister Malik Samarawickrema said.
[Full Story]

* Sri Lankan stocks end at 2-wk low;, diesel duty hike hurts

Aug 26 (Reuters) Sri Lankan shares ended at a two-week low on Friday in moderate volume as investors booked profits, while an increase in excise duty on diesel dragged on Lanka OIC, pulling down the overall index.
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* Sri Lankan rupee stronger on foreign bank dollar sales

Aug 26 (Reuters) The Sri Lankan rupee traded stronger on Friday as a foreign bank sold dollars while importers buying greenback slowed down as they awaited further appreciation, dealers said.
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* Industry players uneasy over govt.’s move to liberalize lubricant market

Aug 26 (DM) The government’s decision this week to go ahead with the 2016 budget proposal in liberalizing the lubricant and bitumen markets will have opposite outcomes compared to its intention of making Sri Lanka a lubricant hub, local lubricant market operators argue.
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* JKH reduces Keells Food Products stake for minimum float

Aug 26 (LBO) Diversified John Keells Holdings says subsidiaries of the company have sold around 2 percent of shares in Keells Food Products to meet the SEC’s minimum public float rule.
[Full Story]

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