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Last Updated = Wed, Jun 1, 2016, 12:08 am SL Time

* People's Leasing & Finance PLC rings opening bell at Colombo Stock Exchange to celebrate 20th anniversary

May 31 (CP) Colombo- People's Leasing & Finance PLC (PLC) rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) today. The market opening ceremony was organized as part of the Company's celebrations to mark two decades in the financial services industry.
[Full Story]

* London Stock Exchange Group investment under BOI reflects growing investor confidence in Sri Lanka

May 31 (CP) Colombo- The Board of Investment of Sri Lanka signed an agreement with "London Stock Exchange Group" (LSEG) to set up their global business services arm in Sri Lanka.
[Full Story]

* Tourism Minister sees Sri Lanka's potential to grow MICE tourism

May 30 (CP) Colombo- Minister of Tourism Development, Lands and Christian Religious Affairs, John Amaratunga says Sri Lanka has potential as a venue for holding Meetings, Incentive travel, conferences and events (MICE) tourism.
[Full Story]

* Sri Lankan rupee forwards weaker on importer dollar demand

May 31 (Reuters) Sri Lankan rupee forwards fell on Tuesday on dollar demand from importers amid fears the currency could weaken further if the government increased spending to deal with the country's worst natural disaster since 2004, dealers said.
[Full Story]

* Insurance payments expected to rise to Rs. seven billion in floods aftermath

May 31 (Island) As a consequence of the recent flood devastation in the country, around Rs.7 billion in insurance payments are required for compensation and reconstruction operations. Numerous listed companies have been affected on both sides of the Kelani river.
[Full Story]

* Sri Lanka’s Credit Crunch

May 30 (WSJ) Sri Lanka sought a $1.5 billion bailout from the International Monetary Fund last month after saddling itself with billions of dollars in Chinese loans.
[Full Story]

* Sri Lankan shares end at one-month closing low; higher rates weigh

May 30 (Reuters) Sri Lankan shares fell to a near one-month low on Monday as investors sold large cap stocks on sentiment dented by a lack of catalysts for buying risky assets, amid concerns over foreign outflows and rising interest rates.
[Full Story]

* Textured Jersey’s EMS initiatives recognised with ISO Certification

May 30 (Island) Textured Jersey Lanka (TJ) whose sustainable business practices extend not only to their financial sustainability, but also to their environmental social responsibilities, has been recognised
[Full Story]

* Sri Lanka's Colombo inflation rises to 4.8 percent in May 2016

May 31 (CP) Colombo- Sri Lanka's inflation, as measured by the change in the Colombo Consumers' Price Index (CCPI) , increased to 4.8 percent in May 2016 from 3.1 percent in the previous month, the Department of Census and Statistics reported on Tuesday.
[Full Story]

* Sri Lanka invited to the 12th World Islamic Economic Forum for the first time

May 30 (CP) Colombo- For the first time, Sri Lanka has been invited to participate in the 12th World Islamic Economic Forum (WIEF), scheduled to take place from August 2-4 at the Jakarta Convention Centre, in Jakarta, Indonesia.
[Full Story]

* Reinforcing Bahraini-Sri Lankan business cooperation emphasized

May 31 (BNA) Manama- Chairman of Bahraini-Asian Traders Committee (BATC) of Bahrain Chamber of Commerce and Industry, Mohammed Sajid Izhar-Ulhaq, today met with Sri Lankan Ambassador to Bahrain Dr. A. S. U. Mendis.
[Full Story]

* Sri Lankan shares end at over one-month closing low

May 31 (Reuters) Sri Lankan shares edged down on Tuesday as investors sold banking and large cap stocks amid lack of new catalysts for buying risky assets, and on concerns over foreign investment outflows and rising interest rates.
[Full Story]

* Complex land laws-biggest bottleneck, says Iconic MD

May 31 (DM) Iconic Developments recently concluded its US$ 30 million affordable luxury Iconic 110 project in Rajagiriya, and announced its intentions to launch a second US$50 million Iconic project in the vicinity.
[Full Story]

* Sri Lankan rupee forwards weaker on importer dollar demand

May 30 (Reuters) Sri Lankan rupee forwards fell on Monday due to dollar demand from importers amid fears the currency could weaken further if the government increases spending following the country's worst natural disaster since 2004, dealers said.
[Full Story]

* Etisalat Lanka provides telecom aid to flood victims

May 30 (DM) Etisalat Lanka has taken the initiative to provide free reloads for pre-paid customers and an increase in credit limit for post-paid customers who have been affected by the natural disaster that hit Sri Lanka.
[Full Story]

* CICT, first in Colombo to use e Boat Notes

May 30 (DN) Colombo International Container Terminals (CICT) has become the first terminal operator in the Port of Colombo to implement ‘e Boat Notes’ in collaboration with Sri Lanka Customs, breaking new ground in efforts to reduce paper in export documentation.
[Full Story]

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