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Last Updated = Sat, Apr 30, 2016, 11:38 am SL Time

* Ceylon Chamber to commence third batch of Italian Language Course on May 14

Apr 30 (CP) Colombo- The Sri Lanka - Italy Business Council of the Ceylon Chamber of Commerce will launch the third batch of its successful Italian Language Course on 14th May 2016. The classes will be conducted during Saturday's over an eight week period.
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* Overseas Realty records Rs 723 million profit for 1st quarter 2016

Apr 30 (Island) Overseas Realty (Ceylon) PLC recorded a Group Profit after tax of Rs. 723Mn, for the 1st Quarter ended 31st March 2016. Rs. 476Mn revenue was recorded from Property Leasing at the World Trade Center (WTC)
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* Colombo Leadership Academy grooms Sri Lanka's next crop of young entrepreneurs

Apr 29 (CP) Colombo- Following the immensely successful launch of its Young Entrepreneurs Development programme last year, Colombo Leadership Academy (CLA) is hard at work grooming the latest generation of young entrepreneurs in Sri Lanka.
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* Sri Lanka's Colombo inflation rises to 3.1 percent in April 2016

Apr 29 (CP) Colombo- Sri Lanka's inflation, as measured by the change in the Colombo Consumers' Price Index (CCPI) , increased to 3.1 percent in April 2016 from 2.0 percent in the previous month, the Department of Census and Statistics reported on Friday.
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* Sri Lanka shares hit over 15-week closing high on IMF loan

Apr 29 (Reuters) Sri Lankan shares closed more than 1 percent up on Friday, trading in high volumes after the International Monetary Fund said it had reached a staff-level agreement with the island nation for a $1.5 billion three-year loan.
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* Union Bank records strong growth in 1st quarter 2016

Apr 29 (Island) Union Bank of Colombo PLC (The Bank) and its subsidiaries UB Finance Co. Ltd. and National Assets Management Ltd. (The Group) ended the first three months of 2016 with an impressive performance, reflecting a continued growth momentum with forward looking expectations.
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* Domestic savings decline in 2015

Apr 29 (DN) Sri Lanka’s domestic savings as a percentage of GDP has declined to 22.6 percent in 2015.This was 24.0 per cent in 2014. The deceleration in domestic savings was a combined outcome of the slowdown in private savings and the widening of government dis-savings,
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* Investment zone around Mattala airport, Hambantota harbour - Minister

Apr 30 (DN) Sri Lanka is looking to China to develop Hambantota as a mega Asia hub, Special Assignments Minister Dr. Sarath Amunugama said at the Maritime Co-operation and Management meeting last week.
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* Phone charges to rise due to VAT

Apr 30 (DM) Phone call charges will increase because of the removal of the exemption of Value Added Tax (VAT) from the telecommunication services, Minister of Digital Technology Harin Fernando said yesterday.
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* Malaysian trade delegation to visit Sri Lanka next week seeking investment opportunities

Apr 29 (CP) Kuala Lumpur- Malaysia's Minister of International Trade and Industry Datuk Seri Mustapa Mohamed will lead a trade and investment mission to India and Sri Lanka next week in a continuous effort to promote Malaysia as a profit and regional center for businesses and investments, state news agency Bernama reported.
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* Sri Lanka secures three-year US$ 1.5 billion fund facility from IMF

Apr 29 (CP) Colombo- The International Monetary Fund (IMF) said on Thursday that it has reached a staff level agreement with Sri Lanka on a three-year US$ 1.5 billion Extended Fund Facility (EFF).
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* Breather for Sri Lanka after IMF agrees to give $1.5 billion

Apr 29 (Hindu) Sri Lanka, which is in the midst of a crisis over the deterioration of the balance of payments (BOP) position, has got the much-needed reprieve with the International Monetary Fund (IMF) agreeing to provide $ 1.5 billion through a three-year-long Extended Fund Facility (EFF).
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* Vehicle prices go up with VAT: Importers

Apr 29 (DM) The prices of imported vehicle would be increased due to the major foreign currency fluctuation with no change in the present situation in tax regime, Chairman of Lanka Vehicle Importers' Association Mahinda Sarathchandra said.
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* Sri Lanka Secures $1.5 Billion IMF Loan to Help Bolster Finances

Apr 29 (Bloomberg) Sri Lanka reached an agreement with the International Monetary Fund for $1.5 billion in loans to help lower its borrowing costs and bolster finances.
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