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Last Updated = Mon, Dec 5, 2016, 07:27 pm SL Time

* Gulf Air rolls out timetable for weekly Colombo flights

Dec 05 (CP) Manama- Gulf Air has announced flight timetable for its five weekly flights to/from Bandaranaike International Airport which will be launched from 19 January 2017.
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* Sri Lanka shares hit near 3-wk high; banks lead

Dec 05 (Reuters) Sri Lankan shares rose for a third straight session on Monday to close at a near three-week high as investors sought bargains in banking shares after the benchmark index fell to a near eight-month low last week.
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* Cinnamon Life residential tower pre-sales encouraging - JKH report

Dec 05 (DN) The pre-sales of both residential tower projects of ‘Cinnamon Life’ continue to be encouraging, according to John Keells Holdings PLC Interim Report for six months ended September 30, 2016.
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* Sri Lanka ranked 103rd in Global Enabling Trade Index

Dec 04, Colombo: Global Enabling Trade Report 2016, published by the World Economic Forum and the Global Alliance for Trade Facilitation has ranked Sri Lanka 103rd out of 136 counties. The Enabling Trade Index (ETI) assesses the extent to which economies have in place the factors facilitating the free flow of goods over borders and to their destination.
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* Asian Alliance General Insurance re-brands as Fairfirst Insurance

Dec 04 (Island) On November 22, 2016, consequent to regulatory approval, Asian Alliance General Insurance (AAGI) announced that it has changed the company name to Fairfirst Insurance Limited. This name change follows the recent 100% share acquisition of Asian Alliance General by Union Assurance General (UAG), which is a part of the Fairfax Group in Sri Lanka.
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* Full steam ahead for three FTA agreements including ETCA

Dec 04 (SO) A trade delegation from Sri Lanka led by Minister for Development Strategies and International Trade, Malik Samarawickrama will undertake a three-day official visit to Singapore this month to sign a series of Free Trade Agreements (FTA) to enhance trade flows and provide increased market access for Sri Lankan and Singaporean companies.
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* Sri Lanka tile importers commend Finance Minister's initiative to maintain duty, cess reduction

Dec 05 (CP) Colombo- Sri Lanka's Tiles and Sanitary Ware Importers Association (TSIA) have welcomed the support of Budget 2017 for maintaining the duty and cess reduction for the import of tiles and sanitary ware.
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* Sri Lanka exports rise, deficit narrows in September as vehicle imports fall

Dec 05 (DM) Sri Lanka’s export earnings rose for the second consecutive month in September 2016 to US $ 898 million, recording an increase of 5.7 percent from a year ago, according to latest Central Bank data. Earnings from exports had been falling for 17 months in a row starting from March 2015 before they picked up in August.
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* Sri Lanka tourism daily rate performance ahead of peers: STR

Dec 05 (LBO) Sri Lanka’s 15.6 percent increase in the average room or daily rate (ADR) for tourism during the first ten months of the year puts its performance ahead of other countries in Southeast Asia in terms of rate growth, including, India, Thailand, Philippines, Malaysia, Vietnam and Indonesia, STR said in a research note.
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* Sri Lanka rulers target EPF again; Treasury attempts to gain control: report

Dec 04 (ECONOMYNEXT) Sri Lanka's rulers are once again trying to target two pension funds made up of money from private sector workers, a media report said, with attempts for the Treasury whose interests are directly opposed to those of the beneficiaries.
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* Cigarette sales drop cuts tobacco tax revenue by half

Dec 04 (ST) The tobacco tax revenue for government coffers has declined significantly due to a drop in sales of cigarettes manufactured in Sri Lanka by Ceylon Tobacco Company(CTC) during the months of October and November this year due to consecutive tax hikes that led to price increases twice, official data showed.
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