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Last Updated = Thu, Jul 7, 2022, 11:31 am SL Time

* CA Sri Lanka, People’s Bank to help 34 medium-sized businesses transform and go global

July 07 (CP) Colombo- The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has once again stepped up to provide its expertise to medium-level businesses in the country, by helping them transform and enter the global marketplace.
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* Sri Lanka Central Bank extends suspension of Perpetual Treasuries for another 6 months

July 06 (CP) Colombo- The Central Bank of Sri Lanka has extended the suspension of Perpetual Treasuries Limited (PTL) from carrying on business activities as a primary dealer for another six months, the Bank said in a statement.
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* Sri Lanka aims to stop money printing as inflation nears 60%

July 05 (Bloomberg) -- Sri Lanka, which has run out of dollars to purchase fuel and is printing rupees to pay local salaries, aims to stop injecting local currency to quash Asia’s fastest inflation.
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* Sampath Bank scores 9th consecutive win at World Finance Banking Awards

July 05 (CP) Colombo- Sampath Bank PLC has been rated as Sri Lanka’s ‘Best Retail Bank’ and ‘Best Commercial Bank’ for the 9th consecutive year at the renowned World Finance Banking Awards ceremony hosted by the UK-based World Finance magazine.
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* Sri Lanka energy minister warns petrol stocks about to run dry

July 04 (BBC) Sri Lanka’s energy minister has issued a stark warning over the country’s fuel stocks as it faces its worst economic crisis in more than 70 years. On Sunday, Kanchana Wijesekera said the nation only had enough petrol left for less than a day under regular demand.
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* Young apparel entrepreneur offers ‘winning deal’ to Sri Lankan nationals living abroad

July 0 (CP) Colombo- A 100% Sri Lankan clothing brand competing with several global companies on e-commerce platforms appeals to the Sri Lankan expatriate community to help grow the company’s international sales volume and bring in much needed foreign currency to Sri Lanka at this crucial hour for the country.
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* Sri Lankan ambassador calls for closer collaboration between the tea industries of Fujian and Sri Lanka

July 03 (CP) Colombo- Addressing the Maritime Silk Road International Tea Culture Forum 2022, Sri Lanka’s Ambassador to China, Dr. Palitha Kohona observed that the Sri Lanka tea, the world renowned Ceylon Cha, probably originated in Fujian, China, which already boasted a tea culture exceeding 2500 years.
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* Sri Lankan flights refuelling at Kerala airports boost business, adds to state revenue

July 06 (DH) The ongoing financial crisis in Sri Lanka has provided one more business opportunity to Kerala with many airlines operating from Sri Lanka now dependent on Kerala airports—mostly the Thiruvananthapuram international airport—for refuelling.
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* Sri Lankan shares end lower as industrials drag

July 05 (Reuters) - Sri Lankan shares closed more than 1% lower for a second straight session on Tuesday, hurt by losses in industrial and financial stocks.
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* Sri Lankan shares end lower as industrial stocks fall

July 04 (Reuters) - Sri Lankan shares closed more than 1% lower on Monday after rising in the previous session, hurt by losses in industrial and financial stocks.
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* Sri Lanka Central Bank raises policy interest rates further tightening the monetary policy

July 07 (CP) Colombo- Sri Lanka’s Central Bank today said it has decided to increase both the deposit rate and the lending rate by 100 basis points each to rein in inflationary pressures after carefully considering the current and expected macroeconomic developments both globally and domestically.
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* ComBank ranked among world’s Top 1000 banks for 12th consecutive year

July 05 (CP) Colombo- The globally-respected UK magazine ‘The Banker’ has once again included the Commercial Bank of Ceylon in its prestigious ‘Top 1000 World Banks’ ranking, making Commercial Bank the only Sri Lankan bank to be ranked among the elite global giants in banking for 12 consecutive years.
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* Turkish cargo plane damaged at Sri Lanka’s international airport

July 05 (CP) Colombo- An A.-330-300 Airbus cargo plane belonging to Turkish Airlines suffered damages at the Katunayake Bandaranaike International Airport last Sunday night (3) while preparing to leave, airport sources said.
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* ComBank’s pioneering ePassbook goes multilingual

July 05 (CP) Colombo- The Commercial Bank of Ceylon has announced that ‘ComBank ePassbook’ – Sri Lanka’s first digital passbook – is now operable in Sinhala and Tamil in addition to English, to further encourage digital banking habits and improve the customer experience.
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* SEC overhauls regulations governing market institutions, market intermediaries and introduces a code for collective investment schemes

July 04 (CP) Colombo- The Securities and Exchange Commission of Sri Lanka (SEC), the securities market regulator has prepared Rules pertaining to Market Institutions, Market Intermediaries and a Code for Collective Investment Schemes following the enactment of the new Securities and Exchange Commission Act No. 19 of 2021.
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* Tourist arrivals to Sri Lanka drop by 60 percent in June

July 03 (CP) Colombo- Sri Lanka Tourism Development Authority (SLTDA) says the number of tourists coming to Sri Lanka has decreased by 60 percent in last month. Director General of SLTDA Dhammika Wijesinghe said this situation has arisen in view of the crisis atmosphere in the country.
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* Sri Lankan shares drop over 1% ahead of cenbank meet

July 06 (Reuters) - Sri Lankan shares ended over 1% lower for a third straight session on Wednesday, ahead of a widely expected rate hike at the central bank’s policy meeting.
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* India to supply fuel to Sri Lanka only after advance payment

July 06 (Bloomberg) -- India is seeking payment in advance for supply of fuel to Sri Lanka after credit lines were exhausted, according to people with knowledge of the matter.
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* Crisis-hit Sri Lanka offers fuel quotas to firms which can pay in dollars

July 05 (AP/PTI) Bankrupt Sri Lanka is offering a guaranteed fuel quota to any company that can pay in dollars. Potential purchasers must pay as much as a month in advance to open a consumer account at state-run Ceylon Petroleum Corp., Energy Minister Kanchana Wijesekera tweeted on Sunday.
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