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Friday, 07 July 2017 07:33

ADB assistance doubles to $ 1 b

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Railways, ports and road development sectors earmarked for investment

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Reuters: Stocks on Thursday edged up from a near one-week closing low hit in the previous session, buoyed by industrial and telecom shares while offshore investors continued to be net buyers.

Thursday, 06 July 2017 06:03

LB Finance pre-tax profit hits Rs. 6.9 b

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Crosses Rs. 100 b in assets recording 21.6% y-o-y growth

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The Chief Economic Adviser of the Government of India, Dr. Arvind Subramanian, will attend as the keynote speaker of the inaugural session of the Sri Lanka Economic Summit 2017.

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A delegation of Japanese exporters based in Sri Lanka has requested the Government to give at least six months’ notice before changing its tax policy, the Finance Ministry said in a statement yesterday.

Wednesday, 05 July 2017 06:19

Govt. gets serious on new proposal for UL

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The Government is seriously evaluating the proposal for the revitalisation of national carrier SriLankan Airlines with high level visits by foreign parties likely for formal discussions.

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The Commercial Bank of Ceylon was represented by its Chief Operating Officer/Executive Director S. Renganathan at the prestigious FinanceAsia Country Awards for Achievement gala in Hong Kong, at which the bank received the award for the ‘Best Bank in Sri Lanka’ for the seventh time.

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Professor Mohan Munasinghe, who shared the 2007 Nobel Prize for Peace, exchangedwarm greetings with Academician Fidel Castro Diaz Balart (son of Fidel Castro), Vice President of the Cuban Science Academy, when they both delivered opening plenary keynote speeches at the World Science and Engineering Congress during the EXPO 2017 exhibition, which was opened recently in Astana, Kazakhstan by His Excellency President Nazarbayev.

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Colombo International Container Terminals (CICT) won Best Container Terminal Asia in the under four million TEUs category at the 2017 Asian Freight, Logistics and Supply Chain (AFLAS) Awards in Singapore.

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Sri Lanka’s Board of Investment (BOI) has approved a local venture of a major Indian footwear manufacturer VKACY to set up a footwear factory in Negambo under section 16 of the BOI act, greatly affecting the local industry Footwear and leather products manufacturers’ association said.

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