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Last Updated = Thu, Feb 27, 2020, 01:16 pm SL Time

* SLTDA and BOI sign MoU to enhance cooperation

Feb 27 (CP) Colombo- Sri Lanka Tourism Development Authority (SLTDA) and Board of Investment (BOI) signed a memorandum of understanding (MoU) to enhance the cooperation between the two agencies to reduce time and costs for foreign and domestic investors by streamlining the SLTDA and BOI investment approval processes.
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* Mobitel’s and Gamer.LK successfully concludes Sri Lanka’s largest Mobile Esports Premier League championship

Feb 27 (Island) Keeping true to its promise of uplifting the Esports industry in Sri Lanka, Mobitel in partnership with Gamer.LK successfully concluded Sri Lanka’s largest mobile league tournament - Mobitel PUBG Mobile Esports Premier League 2020.
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* Banking sector resilient despite challenges - First Capital

Feb 27 (DN) Banking sector showed resilience despite the challenges while maintaining higher liquidity ratios, through cautious lending said First Capital in their Banking Sector Outlook event organized at Cinnamon Grand last week.
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* HNB weathers a challenging year, posts Group PAT of Rs 15 bn

Feb 26 (CP) Colombo- HNB PLC weathered external headwinds in 2019 to post Rs 15 billion in Group Profit After Taxes (PAT) and Rs 14 billion in Bank PAT and remains the best capitalized bank in the sector.
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* Sri Lanka’s life insurance sector is preparing for a significant demographic shift

Feb 26 (WF) Sri Lanka’s population is ageing faster than any other in South Asia. According to the most recent Sri Lanka Population and Housing Census, the number of over-60s in the country has more than doubled since 1953, comprising 12.4 percent of the population in 2012.
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* HNB, number one in Business Today Top 30

Feb 26 (DN) Potential investors look seriously at Sri Lanka but keep their projects on hold until political stability is established in the country, said former Minister, Prof G L Peiris at the Business Today Top 30 awards ceremony at Colombo Hilton on Monday.
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* Sri Lanka wants to meet journalists at ITB

Feb 27 (eTN) The island nation of Sri Lanka presents itself at the ITB 2020 with a strengthened brand. After the eventful year 2019, the Sri Lanka Tourism Promotion Bureau (SLTPB) is now dedicated to the reconstruction and strengthening of its own country image.
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* Hutch completes 4G rollout covering 90% of population

Feb 27 (DM) Hutch Telecommunications Lanka (Pvt.) Ltd, the third largest telco in the country, which has completed its island wide 4G rollout covering 90 percent of the population, says it is geared to compete with the two main mobile operators in the country on an equal footing, offering alternative choice to Sri Lankan consumers while catering to the new customer segments.
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* Sri Lanka shakes off its shadow

Feb 27 (FR) A guard thumps the car boot closed. All clear. Up at the entrance we know the drill: bags on belt and walk through the X-ray machine.
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* Sri Lanka shares fall for third straight session as financials segment weighs

Feb 26 (Reuters) Sri Lankan markets fell for a third straight session on Wednesday, pulled down by financial and consumer staples companies.
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* Armed with 4G, Hutch claims ability to serve all segments of SL market

Feb 26 (Island) After the strategic acquisition of Etisalat Lanka in 2018, Hutchison Telecommunications Lanka yesterday announced the successful completion of the merger between the two networks and the smooth migration of customers from multiple systems to one unified system.
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* Tokyo Cement IP action ends in settlement

Feb 26 (DM) The intellectual property (IP) action filed by Tokyo Cement Company (Lanka) PLC (the plaintiff) against Ceramica Bathrooms (Pvt) Limited, Abdul Salam Abdul Malik and Safreena Salahudeen (the 1st, 2nd and 3rd defendants) on unfair competition and infringement of trademarks was settled in the Commercial High Court on January 17, 2020.
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