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Last Updated = Wed, Sep 20, 2017, 12:31 pm SL Time

* Sri Lanka regulator warns of shortcomings in long term power plan affecting electricity supply, investments

Sept 20 (CP) Colombo- Sri Lanka's power regulator, Public Utilities Commission of Sri Lanka (PUCSL), has warned that shortcomings in the implementation of long term generation plan could affect the electricity supply and investments.
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* Cargills Bank divests controlling interest in Colombo Trust Finance

Sept 20 (Island) Cargills Bank Limited announced the divesture of 80.34% stake controlling interest in Colombo Trust Finance PLC (CTF) to Dialog Axiata PLC. Upon obtaining approval from the Monetary Board of the Central Bank of Sri Lanka the transaction was successfully completed
[Full Story]

* ‘Contactless payments growing rapidly in SL’

Sept 20 (DN) Contactless payments are rapidly growing in popularity across the world and in Sri Lanka too this segment is showing growth, said Visa Group Country Manager for India and South Asia, T.R. Ramachandran.
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* US assures no major changes in trade policy on Sri Lanka

Sept 19 (CP) Colombo- The United States has assured that there will be no major change in its trade policy towards Sri Lanka under the new administration. The assurance was given by the new Washington DC-based Assistant US Trade Representative for South and Central Asian Affairs Mark Linscott
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* Sri Lanka needs reforms to boost its economy - World Bank

Sept 19 (CP) Colombo- The World Bank says Sri Lanka's aspirations cannot be realized in the current status quo and needs critical reforms to boost its economy.
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* Metropolitan ties up with Singer to offer Canon printers

Sept 19 (Island) Metropolitan Computers tied up with Singer Sri Lanka, one of the largest retailers in the country to offer Canon printers to consumers island-wide through Singer’s extensive retail network.
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* Mercantile Investments and Finance records PAT of Rs 202 mn for 2016-17

Sept 19 (DN) Mercantile Investments and Finance has recorded a steady pre-tax profit of Rs 314 million and a post- tax profit of Rs 202 million for the financial year ending March 31, 2017.
[Full Story]

* Fitch: Singer Sri Lanka rating unaffected by shareholder change

Sept 20 (CP) Colombo- Fitch Ratings says Hayleys PLC's acquisition of a controlling stake in Singer (Sri Lanka) PLC (Singer, A-(lka)/Stable) is neutral for Singer's rating. This is because Hayleys' balance sheet will be stretched significantly
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* SimpleCRM launches solutions to support education institutes in Sri Lanka

Sept 20 (DM) During the last decade, digital transformation has been the main challenge for numerous industries and service providers and it has also touched the education sector in all geographies.
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* World Federation of Exchanges CEO visits Sri Lanka's Colombo Stock Exchange

Sept 19 (CP) Colombo- The Chief Executive Officer of the World Federation of Exchanges (WFE) Ms. Nandini Sukumar today visited Sri Lanka's Colombo Stock Exchange (CSE).
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* National Chamber Seminar on 'Bilateral Trade between Sri Lanka and Indonesia' on September 26

Sept 19 (CP) Colombo- The National Chamber of Commerce of Sri Lanka (NCCSL) will hold a session on 'Bilateral Trade between Sri Lanka and Indonesia' next week. The seminar will be held on Tuesday 26 September 2017 from 3.00 to 4.30 p.m.
[Full Story]

* Sri Lankan shares mark 4-wk closing high on foreign buying

Sept 19 (Reuters) COLOMBO- Sri Lankan shares gained for a fourth straight session on Tuesday to mark a four-week closing high on foreign buying in blue-chips.
[Full Story]

* Lankan doctor video consultation app start-up raises US $ 1mn in seed funding

Sept 19 (DM) oDoc, a Sri Lankan start-up, has raised US $ 1 million as seed funding to commercialize its app connecting patients with doctors for video consultation.
[Full Story]

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