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Last Updated = Tue, Jun 28, 2016, 12:22 pm SL Time

* Sri Lanka earns over Rs. 11 billion in 2015 from exports of locally manufactured boats

June 28 (CP) Colombo- Sri Lanka's Minister of Fisheries and Aquatic Resources Development Mahinda Amaraweera says the locally manufactured boats currently has a high demand in the international market.
[Full Story]

* Sri Lanka to impose capital gains tax on stocks - minister

June 28 (Reuters) Sri Lanka intends to impose a capital gains tax on profits from equities, a senior government minister said late on Monday, as the government attempts to shore up its finances to qualify for an IMF loan.
[Full Story]

* Local soft drink leader disappointed over govt. decision to intervene in beverage market

June 28 (DM) Ceylon Cold Stores (CCS), Sri Lanka’s market leader in carbonated soft drinks and frozen confectionery products, has expressed disappointment over the government’s move to intervene in the beverage market, stating inequitable enforcement of regulations pertaining to product labelling could distort competition.
[Full Story]

* Mahindra Imperio launched in Sri Lanka at LKR 3,495,000

June 28 (IAB) Mahindra has launched the new Mahindra Imperio pick-up in Sri Lanka through authorized distributors, Ideal Motors Pvt Ltd. It is priced from LKR 3,495,000 (INR 16.28 Lakhs).
[Full Story]

* Sri Lanka Tea Board to participate in 4th world Tea & Coffee Expo 2016 in Mumbai

June 27 (CP) Mumbai- In view of the encouraging demand for its tea in India, the Sri Lanka Tea Board will be participating in India's only tea and coffee trade fair, World Tea & Coffee Expo (WTCE), Mumbai through an exclusive Pavilion for the second consecutive year.
[Full Story]

* SriLankan Airlines suspends flights to Paris and Frankfurt as it continues to re-structure and review its network

June 27 (CP) Colombo- SriLankan Airlines, the national carrier of Sri Lanka, will be suspending its operations to Paris and Frankfurt, from winter 2016. Accordingly, the last flights between Frankfurt and Colombo (UL 553/554) will be operated on October 30, while UL 563/564 of November 6, 2016 will conclude the operations between Paris and Colombo.
[Full Story]

* Sri Lanka negotiating with Iran Air to dispose 3 Airbus A350-900

June 27 (Teheran Times) The Sri Lankan government met Iran Air manager and Iran government officials on Thursday to renegotiate the orders for the three A350-900 aircrafts ordered by the last government.
[Full Story]

* Sri Lanka shares down for sixth session; Brexit woes weigh

June 27 (Reuters) Sri Lankan shares fell for a sixth straight session on Monday as investors turned cautious after the UK last week voted to leave the European Union.
[Full Story]

* Carlsberg to keep Sri Lanka's Lion supplied after floods

June 27 (ECONOMYNEXT) Sri Lanka's Ceylon Beverage Holdings Plc said its partner Carlsberg will brew and supply is brand with their factory expected to be out of commission for three months, after floods.
[Full Story]

* Excessive protection damages Sri Lankan exports and undermines FTAs

June 27 (Island) The export sector experienced growth since opening up of the Sri Lankan economy. By 1990, Sri Lanka’s export share in GDP amounted to 25%. In 1990, Sri Lanka was on par with Vietnam exporting US$ 2 bn worth of exports per annum.
[Full Story]

* Ad hoc policy changes jolt to Automobile Industry- Reeza Rauf

June 27 (DN) In the last couple of months or so the policies with regard to the automobile industry has been very ad hoc. Policies in the last 12-13 months have changes almost 14 times, said new Chairman Ceylon Motor Trader Association(CMTA), Reeza Rauf.
[Full Story]

* Global tourism giants to speak at the Sri Lanka Economic Summit 2016

June 28 (CP) Colombo- Senior executives of the globally acclaimed tourism players such as Shangri-La International, Australian Tourism, AirBnB, DERTOUR and JKH are expected to take the podium at the upcoming Sri Lanka Economic Summit 2016 to discuss the country's highly potential tourism sector.
[Full Story]

* Softlogic and Fairfax Asia establish key partnership

June 28 (Island) Softlogic Holdings PLC and Fairfax Asia announce that they have signed an agreement to enter into a ten year exclusive general insurance distribution agreement. The consideration payable under this agreement is [LKR] 224,000,000.
[Full Story]

* Mercantile Investments posts Rs. 505 mn profit

June 28 (DN) Mercantile Investments and Finance (MI) has recorded commendable core business growth posting robust profitability levels for the concluded financial year 2015/16.
[Full Story]

* Commercial Bank launches Sri Lanka’s first Remittance Card

June 28 (LBO) Sri Lanka’s first Remittance Card has been launched by the Commercial Bank of Ceylon to introduce a new dimension in convenience to the process of transferring funds from overseas to local beneficiaries.
[Full Story]

* ADB signs co-advisory agreement with Sumitomo Mitsui Bank to expand East Container Terminal of Sri Lanka's Colombo Port

June 27 (CP) Colombo- The Asian Development Bank (ADB) and Sumitomo Mitsui Banking Corporation (SMBC) today signed a co-advisory services agreement to provide the co-advisory services to the East Container Terminal (ECT) of Colombo Port, the ADB said in a statement.
[Full Story]

* Sri Lanka International Gem and Jewellery show, FACETS 2016 in September

June 27 (CP) Colombo- FACETS Sri Lanka 2016, the 26th International Gem & Jewellery Show will be held from 1st-84th September at the BMICH Exhibition and Convention Centre in Colombo. The prestigious annual International Gem and Jewellery Show is putting the spotlight on Small and Medium Gem and Jewellery enterprises this year with the novel introduction of a Gem and Jewellery Mart.
[Full Story]

* Sri Lankan rupee forwards fall as dollar strengthens on Brexit

June 27 (Reuters) COLOMBO- Sri Lankan rupee one-week forwards ended weaker on Monday due to a stronger dollar after Britons voted to leave the European Union last week, but the losses were capped as a state-run bank sold the greenback, dealers said.
[Full Story]

* Sri Lanka shares down for sixth session; Brexit woes weigh

June 27 (Reuters) Sri Lankan shares fell for a sixth straight session on Monday as investors turned cautious after the UK last week voted to leave the European Union.
[Full Story]

* Sri Lanka may approve two blocks for exploration and drilling: PRDS

June 27 (LBO) Sri Lanka could shortly approve petroleum exploration and drilling for two blocks in the Cauvery basin, as bidders in the 2013 licensing round have recommitted to their bids, a government official said.
[Full Story]

* Access Engineering awarded subcontract for Polgahawela flyover

June 27 (DM) Access Engineering PLC, the foremost engineering company in Sri Lanka, was recently awarded the subcontract to construct the Polgahawela flyover, a much-needed solution for heavy traffic snarls daily amass at Polgahawela railway crossing.
[Full Story]

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