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Last Updated = Fri, Jul 29, 2016, 12:05 pm SL Time

* Sri Lanka to abolish hotel minimum rates by next year

July 29 (LBO) Sri Lanka’s Tourism Development ministry has decided to abolish the minimum room rates imposed on city hotels with effect from 31st March 2017.
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* Flemingo Duty Free partners with FlySmiLes

July 29 (DM) Flemingo Duty Free has partnered with FlySmiLes, the frequent flyer programme of Sri Lankan Airlines to enhance value and delight its customers. Starting July 2016, FlySmiLes members are eligible to earn miles on their duty-free purchases at Flemingo Duty Free outlets at both the arrival and departure lounges of Bandaranaike International Airport, Sri Lanka.
[Full Story]

* Sri Lankan government has created a conducive economic environment for local and foreign investors - Finance Minister

July 28 (CP) Colombo- The Sri Lankan government has created an economic environment conducive to enable local and foreign investors to engage in their businesses hassle free, Minister of Finance Ravi Karunanayake said. Pointing out that the best mechanism to provide a superb service to the people is a competitive market system, Minister Karunanayake said the policy of the government is to allow competition in the market
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* Sri Lanka Central Bank raises policy interest rates tightening the monetary policy

July 28 (CP) Colombo- Sri Lanka's Central Bank today said it has decided to increase both the deposit rate and the lending rate by 50 basis points further tightening the monetary policy as a pre-emptive policy measure to control inflationary pressures.
[Full Story]

* Sri Lankan shares edge up ahead of policy rates announcement

July 28 (Reuters) Sri Lankan shares ended slightly firmer on Thursday, snapping three sessions of losses as investors picked up diversified and manufacturing shares, while the market awaited directions on the country's economic policy.
[Full Story]

* Sri Lanka’s Access Engineering net down 13-pct in June quarter

July 28 (LBO) Profits at Sri Lanka’s Access Engineering group fell 13 percent to 524 million rupees in the June 2016 quarter from a year earlier amid higher expenses, interim accounts showed. The group posted earnings of 52 cents per share for the quarter, and the stock ended at 23.20 rupees on Wednesday.
[Full Story]

* Lanka becoming more integrated with global value chains

July 28 (DN) The CFA Society Sri Lanka said Sri Lanka is becoming more integrated with global value chains, capital flows and also movement of human capital and this situation immensely help the country to enter the global economic system.
[Full Story]

* Mihin Lanka flies Singaporean travel agents to the vibrant Seychelles via Colombo

July 29 (Island) A group of travel agents from Singapore flew to the Seychelles via Colombo for a familiarization tour to Seychelles combined with Sri Lanka as a part of an initiative taken by SriLankan Airlines & Mihin Lanka to promote dual destinations.
[Full Story]

* Quick fixes not a viable method to boost economy - CB Governor

July 29 (DN) Central Bank Governor Dr. Indrajith Coomaraswamy said quick fixes are not a viable method to boost the economy in moving forward. He stated that quick fixes are not a viable method to boost the economy in moving forward.
[Full Story]

* JKOA rewards top performers at annual Dealer Convention

July 28 (CP) Colombo- John Keells Office Automation (Pvt) Ltd (JKOA) felicitated their top dealers, to reward their efforts and celebrate their successes at a dealer convention recently with 180 members of the network including dealers and their supporting teams attending the event held at the Oak Room, Cinnamon Grand Colombo.
[Full Story]

* Oman to attend World Export Development Forum in Sri Lanka

July 28 (CP) Muscat- Oman represented by its Public Authority for Investment Promotion and Export Development (Ithraa) will be participating in the World Export Development Forum (WEDF) 2016 to be held in Sri Lanka this year.
[Full Story]

* Sri Lankan shares edge up ahead of policy rates announcement

July 28 (Reuters) Sri Lankan shares ended slightly firmer on Thursday, snapping three sessions of losses as investors picked up diversified and manufacturing shares, while the market awaited directions on the country's economic policy.
[Full Story]

* ‘Opportunities for SL in growing demand for organic food in EU region’

AJuly 28 (Island) leading organic products exporter from the Netherlands said that Sri Lanka has tremendous potential to get into the organic product export market in a big way because the demand for such products in the entire EU region is growing exponentially.
[Full Story]

* COYLE continues partnership with Dialog as exclusive telecommunication partner

July 28 (DM) The Chamber of Young Lankan Entrepreneurs (COYLE) expressed its appreciation to Dialog Axiata PLC for its valued partnership and recognized Dialog Axiata PLC Group Chief Executive Dr. Hans Wijayasuriya for his great achievements and contribution to the business community of Sri Lanka.
[Full Story]

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