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Last Updated = Tue, Apr 24, 2018, 12:26 am SL Time

* Sri Lanka nationwide inflation declines to 2.8 percent in March 2018, lowest since April 2016

Apr 23 (CP) Colombo- Sri Lanka's nationwide inflation in March 2018 determined under the National Consumer Price Index (NCPI) declined to 2.8 percent from 3.2 percent recorded in February 2018 on an year-on-year basis, the Department of Census and Statistics reported Monday.
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* Sri Lanka trade mission visits UAE to promote domestic tourism

Apr 22 (CP) Dubai- Sri Lanka Tourism Promotion Bureau has successfully concluded a three-day promotional mission to the United Arab Emirates as part of its on-going efforts to develop new markets and increase the number of visitors and spend from the region to Sri Lanka.
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* Sri Lankan stocks hit 1-week low; all eyes on cabinet reshuffle

Apr 23 (Reuters) COLOMBO- Sri Lankan share index ended marginally weaker on Monday, hitting a one-week closing low, as investors awaited fresh cues as a new cabinet is expected to be sworn in this week, stockbrokers said.
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* Sri Lanka Maha 2018 rice production rebounds 62-pct

Apr 23 (ECONOMYNEXT) Sri Lanka's rough rice production in the main Maha cultivation season has been upped to 2.4 million metric tonnes, rebounding 62 percent from the drought stricken season last year, though output will be 14 percent below normal.
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* Sri Lanka foreign reserves fall to USD7.3bn in March

Apr 23 (LBO) Sri Lanka’s official reserves have dropped to 7,309.11 million US dollars in March from 7,914.33 million dollars in February, official Central Bank data showed. Foreign currency reserves were 6,343.17 million dollars and reserves in gold were 894.73 million dollars in March.
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* Big Bad Wolf to return to Sri Lanka this June

Apr 23 (DM) The world’s largest book sale, the Big Bad Wolf book sale, is making a comeback to Sri Lanka, marking its presence for the second time this June, which is good news for all reading buffs and bookworms.
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* Due diligence continues on possible sale of Weligama Marriot

Apr 22 (Island) Financial and legal due diligence by HPL Hotels and Resorts (Pte) Ltd. Of Singapore regarding the possible acquisition of the new Marriot Hotel in Weligama has not yet been finalized, East West Properties PLC said in a Stock Exchange filing on Friday
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* Export strategy to be submitted to Cabinet soon

Apr 22 (SO) The Sri Lanka’s National Export Strategy (NES) has been finalised and is scheduled to be submitted for cabinet approval following a series of consultations between industry leaders from the public and private sectors.
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* Sri Lanka Telecom connected two million homes with fiber at end 2017

Apr 23 (CP) Colombo- Sri Lanka Telecom (SLT) says it connected some two million households to fiber by the end of December 2017. SLT notes that to date it has connected 315 government establishments to the fiber-optic network, and will add 545 more by the end of 2018,
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* Hatch Kalam: The first maker and co-worker space in Jaffna

Apr 22 (CP) Colombo- Hatch Kalam, the first maker and co-worker space in Jaffna was officially launched this April following the signing of the agreement between Hatch Works, GIZ SME Sector Development Programme and Yarl IT Hub.
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* Sri Lankan rupee slips to record low on importer dollar demand

Apr 23 (Reuters) COLOMBO- The Sri Lankan rupee slipped to an all-time low on Monday, with dollar demand from importers outpacing limited selling of the U.S. currency by exporters, dealers said.
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* Bangladesh, India, Bhutan, Sri Lanka need more WB funds

Apr 23 (TDS) India has made a strong pitch for increased lending by the World Bank and its affiliates for Bangladesh, India, Bhutan and Sri Lanka, in a meeting of the World Bank and International Monetary Fund held in Washington on Saturday.
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* Commercial Bank awarded grand triple at Asiamoney Banking Awards 2018

Apr 23 (Island) The Commercial Bank of Ceylon has been conferred three prestigious international awards, being adjudged the ‘Best Bank,’ ‘Best Bank for Premium Banking Services’ and the ‘Best Bank for Corporate Social Responsibility’
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* ‘The One’ to be ready by 2022

Apr 23 (DN) The construction work of the Ritz Carlton Tower of ‘The One’ mixed development project commented last week and is to be ready by 2022. ‘The One’ at former Transworks House in Colombo Fort is Sri Lanka’s biggest private sector invested mixed development project
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* TV network company offers free Digital TV switch

Apr 22 (ST) Television and Radio Network (TRN), a Sri Lankan company, is ready to launch countrywide Digital TV using modern technology amidst the long delayed ‘Digitalisation of Television Broadcasting’ project funded by Japan.
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