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Last Updated = Tue, Sep 27, 2016, 01:14 pm SL Time

* CSE to host a seminar on Current Market Conditions - Live Streaming

Sept 27 (CP) Colombo- The Colombo Stock Exchange (CSE) will host a seminar on current market conditions on Wednesday, the 28th of September from 6.00 p.m. - 8.30 p.m. The general public will be provided with the opportunity to follow the seminar live, online through the CSE Education Portal.
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* ADB revises down growth forecast for Sri Lanka in 2016 & 2017

Sept 27 (CP) Manilla- Asian Development Bank (ADB) lowered the economic growth forecast for Sri Lanka Tuesday saying growth prospects for Sri Lanka edge lower on weak industrial performance and fiscal consolidation. In an update of its flagship annual economic publication, Asian Development Outlook 2016 (ADO 2016), released today, ADB lowered the GDP growth rate to 5.0% for Sri Lanka in 2016 from the 5.3% it projected in March this year.
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* Making Sri Lankan tourism accessible to all

Sept 27 (Island) Sri Lanka is witnessing a rise in tourism since the end of the war. An important aspect that needs consideration in the country’s post-war tourism development is making tourism accessible for all, which is also the theme of this year’s World Tourism Day which falls today.
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* Sri Lanka eyeing higher levels of FDI across the economy - OBG

Sept 27 (DN) An infographic produced by the global publishing, research and consultancy firm Oxford Business Group (OBG) charts Sri Lanka’s journey towards global integration and its efforts along the way to boost broader-based foreign direct investment (FDI).
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* Sri Lanka Finance Ministry says the new VAT amendment eliminates hidden payments in existing system

Sept 26 (CP) Colombo- Sri Lanka's Finance Ministry today said the new amendment to the Value Added Tax (VAT) bill, which proposes to increase the VAT to 15% from the current 11%, will eliminate the hidden payments in the existing system and actually will bring down the amount of payment to be made.
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* U.S. supports to promote Public-Private Partnerships in Sri Lanka

Sept 26 (CP) Colombo- The United States, which has solid experience in supporting Public-Private Partnership (PPP) programs across the world, has expressed support to the government of Sri Lanka to adapt and institutionalize the PPP model to encourage the private sector involvement in development.
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* POLL-Sri Lanka to stand pat this wk, assessing impact of previous hikes

Sept 26 (Reuters) Sri Lanka's central bank is expected to keep its key interest rates steady on Wednesday, after cutting three times since December to fend off pressure on the fragile rupee currency and curb accelerating credit growth that has pushed up inflation.
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* Samsung delays restarting sales of its Galaxy Note 7 in S Korea

Sept 26 (BBC) Samsung has said it will delay restarting the sale of its Galaxy Note 7 phone in South Korea, as the firm needs more time for the global recall of the device. The South Korean tech giant was forced to recall some 2.5 million devices globally due to overheating batteries.
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* Overseas Realty to raise Rs7.3bn with rights issue for Havelock City

Sept 26 (LBO) Sri Lanka’s Overseas Realty is to raise 7.3 billion rupees by way of a rights issue, the company said in a stock exchange filing. The company is to issue 355 million new ordinary shares at 20.50 rupees each in the ratio of two new shares for every five shares held.
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* Digital payments driving growth in Sri Lanka

Sept 26 (DN) With the emergence of a next generation of consumers, factors that will shape the way tomorrow’s transactions are made.These key factors include the impact of technology, shifting customer expectations, changing global demographics, the rise of e-commerce, and the growing regulatory supervision.
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* SriLankan Airlines commences services to Lahore from today

Sept 27 (CP) Colombo- Sri Lanka's national carrier, SriLankan Airlines will enhance its focus on the Asia and the Middle East region by commencing services between the Pakistani city of Lahore and Colombo from 27th September 2016.
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* Commercial Bank of Ceylon commences operations of its subsidiary in Maldives

Sept 27 (CP) Colombo- Commercial Bank of Maldives, a subsidiary of Commercial Bank of Ceylon and a joint venture with Tree Top Investments Maldives, began banking operations in the Maldives yesterday with the opening of its head office and the first branch in Male by Maldivian President Abdulla Yameen Abdul Gayoom.
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* Overseas Realty in Rs.7.3bn cash call to fund mixed development project

Sept 27 (DM) Overseas Realty PLC, the owning company of the World Trade Centre, said it was raising Rs.7.3 billion by way of a rights issue. To this end, the company plans to issue 335 million new shares at a price of Rs.20.50 each, in the ratio of two new shares for every five existing shares.
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* Infrastructure: Sri Lanka Megapolis development on right track, says UDA DG

Sept 27 (LBO) Sri Lanka is pushing ahead with ambitious Megapolis development plans keeping in mind the need to strengthen public sector capacity, a senior government official said.
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* Sri Lanka to host Intex sourcing show for South Asia in November

Sept 26 (CP) Colombo- Intex South Asia, an international textile sourcing show of South Asian region will be held on November 16 -18, 2016 at the Sri Lanka Exhibition & Convention Centre in Colombo, Sri Lanka.
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* Seven firms interested in utilizing Sri Lanka's idle Mattala International Airport

Sept 26 (CP) Colombo: Seven aviation related firms, mainly Europe-based companies, have expressed interest in utilizing Sri Lanka's Mattala Rajapaksa International Airport (MRIA) in Hambantota, which has been dubbed as the world's emptiest airport, a media report said.
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* Sri Lankan rupee slips on seasonal importer dollar demand

Sept 26 (Reuters) The Sri Lankan rupee edged down on Monday as seasonal demand for dollar from importers outpaced sales by exporters and banks, dealers said. Rupee forwards were actively traded on Monday in the absence of active spot trading.
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* Twenty SL apparel brands consolidating as global brands

Sept 26 (Island) Officials of Sri Lanka Apparel Brands Association [ SLABA ], the Royal Turf Club and the Export Development Board, pose for a photograph at SLABA Runway 2016 held in Colombo recently. The Sri Lanka Apparel Brands Association [ SLABA ] together with The Royal Turf Club and the Export Development Board, staged the Royal Turf Club SLABA Runway 2016
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* Much awaited Rs.800mn tourism promotional campaign further delayed

Sept 26 (DM) Despite currently having the best environment to promote tourists into Sri Lanka, the launch of the Rs. 800 million tourism promotions campaign has been postponed again at least till next January, in view of administrative delays experienced in the tender process.
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