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Last Updated = Wed, Aug 15, 2018, 11:42 pm SL Time

* Record income from Cinnamon exports last year

Aug 15 (CP) Colombo- Sri Lanka has obtained a record income of US$202.5 million from cinnamon exports in 2017, according to the National Cinnamon Research and Training Center under Department of Export Agriculture. It is an increase of 30 percent compared to the previous year.
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* Sri Lanka's Commercial Bank continues growth in Q2 to post strong 6-month result

Aug 15 (CP) Colombo- Sri Lanka's Commercial Bank of Ceylon PLC has continued its growth momentum into the second quarter of 2018, despite having to pay in excess of Rs 7 billion in taxes and being compelled to make significant provisions for impairment charges for the six months ending 30th June 2018.
[Full Story]

* BetConstruct provides itís Live Casino solution in Sri Lanka

Aug 15 (FGN) As BetConstruct sees success of both traditional and live casinos, the software provider combines the thrill of the real gaming floor with the convenience of play-anywhere games on desktop, tablet and mobile. BetConstruct developed a custom solution for Bally's casino in Sri Lanka.
[Full Story]

* Sri Lankan shares extend falls, foreign investors cut holdings in John Keells

Aug 15 (Reuters) COLOMBO- Sri Lankan shares fell for a fourth straight session on Wednesday, as foreign investors pared holdings in market heavyweight John Keells Holdings amid global worries.
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* SLTDA relaunches Sri Lanka Tourism Awards

Aug 15 (DM) The Sri Lanka Tourism Development Authority (SLTDA) Monday announced the relaunch of the annual Sri Lanka Tourism Awards, which is scheduled to be held on December 6, following a six-year hiatus.
[Full Story]

* Colombo Stock Exchange hosts knowledge sharing workshop for delegation from Nepal

Aug 14 (CP) Colombo- A capital market delegation comprising of representatives from the Nepal Stock Exchange (NEPSE) and 36 Stockbroker firms from Nepal recently visited Sri Lanka for a two-day knowledge sharing workshop hosted by the Colombo Stock Exchange (CSE).
[Full Story]

* Sri Lankan entrepreneurs clinch top Asian award

Aug 14 (CP) Colombo- Nine Sri Lankan entrepreneurs have been honored with Asia Pacific Entrepreneurship Awards 2018 (APEA 2018) at the award ceremony held recently in Colombo under the patronage of the Minister of Industry and Commerce Rishad Bathiudeen.
[Full Story]

* SLT plans private placement of shares to comply with public free float rules

Aug 14 (TG) Trading in shares of Colombo Stock Exchange-listed Sri Lanka Telecom (SLT) have been suspended pending an announcement of an upcoming private placement.
[Full Story]

* Sri Lankan rupee hits near-record low on Indian currency's weakness

Aug 14 (Reuters) COLOMBO- The Sri Lankan rupee hit a near-record low on Tuesday on weakness in emerging-market currencies including the Indian rupee, and importer dollar demand, dealers said.
[Full Story]

* Election goodies-driven demand to fuel bank credit next year: report

Aug 14 (DM) Sri Lankaís banks will see a rebound in private sector credit triggered by the acceleration in consumption towards mid-2019, as the election minded-government is likely to loosen its grip on the tight spending and offer fiscal handouts to buy votes.
[Full Story]

* Sri Lanka to purchase refined petroleum products

Aug 15 (CP) Colombo- The Sri Lankan government is considering to enter into long term contracts to purchase refined petroleum products with a view to maintaining the petroleum stocks at an optimal level.
[Full Story]

* Sri Lanka Central Bank extends suspension of primary dealer Pan Asia Banking Corporation

Aug 15 (CP) Colombo- The Monetary Board of Sri Lanka's Central Bank has decided to extend the suspension of the business activities of the Primary Dealer Pan Asia Banking Corporation PLC (PABC) from today for another six months in order to continue the investigations, the Central Bank in a statement released said.
[Full Story]

* Sri Lankan rupee hits record low, Turkey woes hit emerging markets

Aug 15 (Reuters) COLOMBO- The Sri Lankan rupee hit a record low on Wednesday, tracking weakness in emerging-market currencies as Turkeyís financial woes bruised investor risk appetite, dealers said.
[Full Story]

* US trade sanctions on Iran expected to 'gravely affect' Ceylon Tea exports

Aug 15 (Island) The Sri Lanka Tea Board said that it is concerned that US sanctions on trade with Iran would gravely affect Ceylon Tea exports to Iran. If these restrictions are inclusive of Sri Lankan tea exports, Ceylon Tea low growns, particularly, would fare badly.
[Full Story]

* Hayleys mulls domestic aviation operations

Aug 15 (DN) Hayleys Group will soon start a domestic airline in an effort to boost domestic travel and tourism sector, Chairman/Chief Executive, Hayleys Group, Mohan Pandithage said.
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* Sri Lanka Court dismisses Dialog Broadband Petition against Sri Lanka Telecom

Aug 14 (CP) Colombo- The Commercial High Court judge Ratnapriya Gurusinghe has dismissed the petition filed by Dialog Broadband Network Ltd (Dialog Broadband) on July 18, 2017 against Sri Lanka Telecom PLC (SLT) regarding the alleged violation of Intellectual Property Rights by SLT relating to GPON RFP to build last mile fiber solutions using FTTH by Dialog.
[Full Story]

* Sri Lanka Central Bank to issue 'Panda' and 'Samurai' bonds this year

Aug 14 (CP) Colombo- Sri Lanka, for the first time is planning to issue 'Panda,' and 'Samurai' bonds this year, the Governor of Central Bank Indrajit Coomaraswamy has said.
[Full Story]

* Sri Lankan shares edge lower to 5-week closing low

Aug 14 (Reuters) COLOMBO- Sri Lankan shares edged lower in thin trade on Tuesday and posted their lowest close in nearly five weeks, as lacklustre corporate results dented investor sentiment for the island nationís risky assets, stockbrokers said.
[Full Story]

* Ceylinco General Insurance announces Rs. 1 mn cover for serious illness for all its policy holders

Aug 14 (Island) Announcing yet another benefit for all its policy holders, Ceylinco General Insurance is offering a cover of up to Rs. one million that will reimburse medical costs incurred in the treatment of serious illnesses, including heart disease, cancer, kidney failure,
[Full Story]

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