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Last Updated = Tue, Jun 19, 2018, 12:55 am SL Time

* Sri Lanka's economic growth positive at 3.2% in Q1 2018

June 18 (CP) Colombo- Sri Lanka's economy grew at a positive rate of 3.2 percent during the first quarter of this year, the Census and Statistics Department said on Monday releasing the GDP Summary Indicators for the 1st Quarter 2018.
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* Gestetner subsidiary Fintek to distribute Sharp products in Sri Lanka

June 18 (CP) Colombo- Fintek Managed Solutions (Pvt) Ltd, a fully incorporated subsidiary of Gestetner of Ceylon PLC, has been appointed the authorized distributor for Sharp Office Automation products and solutions in Sri Lanka.
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* Sri Lankan stocks extend losses, hit 14-month low

June 18 (Reuters) COLOMBO- Sri Lankan shares fell for an eighth consecutive session on Monday to their lowest close in more than a year, as foreign investors sold shares, with block deals boosting the day's turnover.
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* Informal accommodation deal star-class hotels a kidney punch

June 17 (Island) Star-class city hotels in Colombo are reeling from drastically reduced occupancies resulting from competition from the informal sector. Mr. Lalin Samarawickrema, the Managing Director of Kingsbury PLC, says in the company’s annual report that over 70% of the accommodation on major online booking websites "is actually informal and unregistered homestays, guest houses etc."
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* Rs. 3 billion to develop ICT sector

June 17 (SO) The Government will promote a knowledge based economy for the development of the country during the next decade, Prime Minister Ranil Wickremesinghe told a recent ICT Forum.
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* SriLankan Airlines says no need to arrive earlier for departures due to BIA renovations

June 18 (CP) Colombo- Sri Lanka's national carrier SriLankan Airlines today said that the passengers can arrive as usual, three hours prior to the departure and no need to come earlier than the usual times at the Bandaranaike International Airport (BIA).
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* Sri Lankan rupee holds steady near record low

June 18 (Reuters) COLOMBO- The Sri Lankan rupee ended steady on Monday, near the record low hit in the previous session, as dollar demand from importers offset the U.S. currency sales by exporters, dealers said.
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* Chemanex harnesses strategic restructuring to meet future challenges

June 18 (Island) Leading importer and distributor of industrial chemicals and intermediaries Chemanex PLC underwent a strategic restructuring, in a bid to position the Company to effectively meet future challenges.
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* Big LNG projects secured by China, Japan and India

June 17 (ST) China, Japan and India have secured three mega power projects to be completed within the next two years to meet urgent electricity requirements, a senior official said.
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