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Last Updated = Sat, Apr 1, 2023, 01:43 am SL Time

* Sri Lanka’s trade deficit narrows significantly in February 2023 due to larger decline in import expenditure

Mar 31 (CP) Colombo- The deficit in the merchandise trade account narrowed significantly in February 2023, compared to a year ago the Central Bank reported in its Performance review for the month on Friday. The deficit in the merchandise trade account narrowed to US$ 39 million in February 2023, from US$ 780 million recorded in February 2022, due to the significant moderation of import expenditure, the report said.
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* People’s Leasing Company presents its European Award for ‘Best Practice 2022’ to the President

Mar 31 (CP) Colombo- People’s Leasing Company, a provider of financial solutions in the non-banking financial institutions sector in Sri Lanka, has been awarded the European Society Quality Research (ESQR) “Best Practices 2022” award, which is given annually to evaluate best practices.
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* Butterflies and dinosaurs, spaceships and girl-power this Avurudu – Tropic Of Linen drops its most fun collection yet!

Mar 31 (CP) Colombo- Hold onto your hats, kiddos! The much-anticipated 2023 Avurudu Collection for kids by Tropic Of Linen has finally arrived - and it’s packed to the brim with quirky prints and playful detail.
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* SLT-MOBITEL powers Future Minds as national ICT solutions provider

Mar 30 (CP) Colombo- SLT-MOBITEL is serving as a proud sponsor of the ongoing Future Minds Higher Education Exhibition, in its capacity as the National ICT Solutions Provider of Sri Lanka.
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* Connected Engineering, IFS Dovetails Sri Lankan Developer Team With Global Platform

Mar 30 (Forbes) Companies develop globally. Especially in the technology sector, there has been a track record over the last quarter century (if not longer) of working with innovation hub offices in various nations world nations away from home soil.
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* SLT-MOBITEL partners with Prime Group ‘The Grand’ in the essence of smart living with SLT-MOBITEL Fibre

Mar 29 (CP) Colombo- SLT-MOBITEL, the national ICT Solutions Provider signed an agreement recently with Prime Lands Residencies PLC to provide comprehensive ICT solutions with SLT-MOBITEL Fibre connectivity for its prestigious and ultra-luxury masterpiece Residences, ‘The Grand’, located at Ward Place, Colombo 7.
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* IFC, ComBank launch innovative digital marketplace to help Sri Lanka’s small businesses

Mar 28 (CP) Colombo- To expand the reach of small and medium enterprises (SMEs), including women-owned small businesses, the International Finance Corporation (IFC) is supporting the Commercial Bank of Ceylon (CBC) launch a digital marketplace in Sri Lanka, helping business owners connect with more customers locally and abroad.
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* Sri Lanka grants licenses for three global entities to enter country’s fuel retail market

Mar 27 (CP) Colombo- The Sri Lankan government has received the approval of the cabinet to allow entry of three global fuel giants to the country’s fuel retail market. The cabinet of ministers has granted approval to award licenses to China’s Sinopec, United Petroleum of Australia and RM Parks of USA in a collaboration with British multinational Shell Plc to enter the retail fuel market in Sri Lanka.
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* Hemas Hospitals unveils state-of-the-art Mammography System for early breast cancer detection

Mar 27 (CP) Colombo- With the rising number of breast cancer cases among women in Sri Lanka, one of the country’s leading private healthcare providers, Hemas Hospitals, introduced its new, state-of-the-art Selenia Dimensions mammography system in an effort to combat the growing trend and facilitate advanced detection and prevention capabilities for patients.
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* Sri Lankan shares end higher as industrials, consumer discretionary stocks rise

Mar 31 (Reuters) - Sri Lankan shares closed higher on Friday, helped by gains in industrials and consumer discretionary stocks. The CSE All-Share index rose 0.79% to 9,301.09.
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* Sri Lankan shares end higher as financials, industrials rise

Mar 29 (Reuters) - Sri Lankan shares closed higher on Wednesday after posting losses for two straight sessions, helped by gains in financials and industrials stocks.
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* Sri Lankan shares end lower as consumer staples and financials weigh

Mar 28 (Reuters) - Sri Lankan shares closed lower for a second straight session on Tuesday, dragged by consumer staples and financial stocks. The CSE All-Share index closed 0.56% to 9,233.40.
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* Sri Lanka’s Colombo-based inflation eases to 50.3 percent in March 2023

Mar 31 (CP) Colombo- Sri Lanka’s inflation, as measured by the change in the Colombo Consumers’ Price Index (CCPI) marginally eased to 50.3 percent in March 2023 from 50.6 percent in February, the Department of Census and Statistics reported Friday.
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* Governor of Central Bank and Secretary to the Treasury explain IMF program at virtual Investor Presentation

Mar 31 (CP) Colombo- Dr. P. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka and Mr. K M Mahinda Siriwardana Secretary to the Treasury and Ministry of Finance presented the “Sri Lanka’s IMF program and macro-fiscal framework” at a virtual Investor Presentation held on Thursday, March 30.
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* Sri Lanka expects to finalise domestic debt rework by May

Mar 30 (Reuters) - Sri Lanka will kick off a reworking of part of its domestic debt next month and aims to finalise it by May, central bank and treasury officials told creditors during a virtual presentation on Thursday.
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* Hunas Holdings PLC announces landmark partnership with Adrian Zecha

Mar 30 (CP) Colombo- In an exciting and highly positive development for Sri Lanka’s rebounding tourism industry, Hunas Holdings PLC – the company that owns the legendary, multigenerational favourite, the Hunas Falls Hotel – has announced a landmark partnership with Azotels – a company owned and managed by the ‘Hotelier of the Century’, Adrian Zecha.
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* Sri Lanka Central Bank again cautions public on risks of using and investing in Cryptocurrency

Mar 29 (CP) Colombo- Considering the recent public inquiries and the developments observed relating to cryptocurrencies, which are also commonly referred to as “crypto”, the Central Bank of Sri Lanka (CBSL) reiterated to the public of the significant risks associated with using and investing in cryptocurrency.
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* ComBank conducts program for women MSMEs in celebration of Women’s Month

Mar 29 (CP) Colombo- The Commercial Bank of Ceylon recently hosted a special program for more than 100 female entrepreneurs engaged in micro, small and medium enterprises, with business leaders present to share their experiences and knowledge.
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* Softlogic Finance PLC appoints Ivon Brohier as new Chief Executive Officer

Mar 27 (CP) Colombo- Softlogic Finance PLC, a subsidiary of Softlogic Capital PLC, has announced the appointment of Ivon Brohier as its Chief Executive Officer (CEO) with effect from 27th of March 2023.
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* Boeing 787-10 Dreamliner, newest passenger plane arrives at BIA

Mar 27 (CP) Colombo- The world’s newest passenger plane Boeing 787-10 Dreamliner arrived at Bandaranaike International Airport (BIA) at Katunayake early today (27) for the first time.
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* Once again, AIA ran for their lives - Proud sponsor of RFTL for the 3rd consecutive year

Mar 27 (CP) Colombo- AIA Insurance was humbled to be a part of Run For Their Lives 2023, in raising funds for the Apeksha Cancer Hospital. The charity run aligns with AIA’s brand purpose of helping people live healthier, longer, better lives
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* Sri Lankan shares end lower as communication services, financials weigh

Mar 30 (Reuters) - Sri Lankan shares ended lower on Thursday, dragged down by communication services and financials stocks. The CSE All-Share index fell 0.47% to 9,228.50.
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* Fitch assigns Seylan Bank’s Basel III Subordinated Debt Final ‘BBB(lka)’/RWN

Mar 29 (CP) Colombo- Fitch Ratings has assigned Seylan Bank PLC’s (A-(lka)/Rating Watch Negative (RWN)) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures of up to LKR7 billion a final National Long-Term Rating of ‘BBB(lka)’/RWN.
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* Sri Lankan shares end lower as industrials, financials weigh

Mar 27 (Reuters) - Sri Lankan shares closed lower on Monday, weighed by losses in industrial and financial stocks. The CSE All-Share index fell 1.42% to 9,285.21.
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