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Last Updated = Fri, Jul 30, 2021, 12:43 pm SL Time

* Pelwatte Dairy records 148% increase in Profits Before Tax surmounting COVID challenges

July 30 (CP) Colombo- Pelwatte Dairy, one of the leading dairy brands in Sri Lanka that locally produces a range of dairy products and saves foreign exchange for the country, has made a significant financial turnaround in 2020/’21 recording a huge Profits Before Tax (PBT) that YoY surged by 148%.
[Full Story]

* Reserve cushion to be rebuilt in August – Governor

July 30 (DN) Following the successful full payment of the maturing International Sovereign Bond, the Central Bank of Sri Lanka is expecting to rebuild reserves to a comfortable position by the end of August.
[Full Story]

* Apartment sales power Overseas Realty June quarter

July 30 (DM) Overseas Realty (Ceylon) PLC continued to see robust sales for its luxury apartments at its Havelock City project, reflecting the country’s real estate sector has recovered strongly irrespective of virus-related restrictions and other challenges, which marred most of the June (2Q21) quarter.
[Full Story]

* EDB organizes stakeholder forum on organic agricultural exports

July 29 (CP) Colombo- The Sri Lanka Export Development Board (EDB) in association with the Sri Lanka Accreditation Board (SLAB) under the guidance of the Ministry of Trade organized a stakeholder forum on organic agricultural exports, which was chaired by Trade Minister Bandula Gunawardena, on 27th July at NSBM Green University.
[Full Story]

* Several amendments will be introduced to the Finance Amendment Bill, AG informs Court

July 29 (CP) Colombo- The Attorney General informed the Supreme Court yesterday (28) that several amendments would be made to the Finance Amendment Bill submitted by the Minister of Finance for Parliamentary approval.
[Full Story]

* CSE Extends Regional Awareness Drive to Jaffna

July 28 (CP) Colombo- The Colombo Stock Exchange (CSE) successfully concluded yet another virtual forum organized as part of an awareness drive for island-wide Small and Medium Enterprises (SME).
[Full Story]

* Dialog introduces Apple AirTag, the easiest way to locate important items

July 28 (CP) Colombo- Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, introduced ‘AirTag’, the latest accessory from Apple enabling users with a convenient and secure way to locate the items that matter most.
[Full Story]

* Airtel Lanka invests heavily to upgrade to 4G

July 28 (DN) Airtel Lanka has invested heavily to upgrade from their 3G network to a 4G and will reinvest for 5G as and when the demand requires said Airtel Sri Lanka Managing Director CEO, Ashish Chandra said.
[Full Story]

* Lanka IOC 1Q earnings reflect travel and other restrictions

July 28 (DM) Lanka IOC PLC saw its June quarter (1Q22) performance impacted by travel restrictions that were imposed from mid-April, but the performance was better than the year earlier period when restrictions were harsher.
[Full Story]

* Sri Lanka Tourism introduces e-learning platform for all SLTDA-registered tourist guides

July 30 (CP) Colombo- As an initiative to uplift the reviving tourism industry in the country, the Sri Lanka Tourism Development Authority (SLTDA) in collaboration with the Sri Lanka Institute of Tourism and Hotel Management (SLITHM) has introduced the continuous professional development (CPD) e-learning platform to all registered guides to enhance their knowledge and skills.
[Full Story]

* Automobile component manufacturers surpass 5,000 employment appointments in the Western Province – SLACMA

July 30 (Island) The brand-new component manufacturers have surpassed the granting of 5,000 new employment appointments in the Western Province over the past few months.
[Full Story]

* Sri Lankan shares end higher as industrials, consumer staples gain

July 29 (Reuters) Sri Lankan shares closed higher on Thursday, boosted by gains in industrials and consumer staples stocks. The CSE All-Share index settled up 0.54% at 8,140.76.
[Full Story]

* NDB posts solid performance in H1 2021 amidst the pandemic

July 29 (CP) Colombo- National Development Bank PLC, Sri Lanka’s fourth largest listed bank continued to demonstrate its resilience to external shocks and ability to deliver consistent results, as reflected in financial statements released to the Colombo Stock Exchange for the six months ended 30 June 2021.
[Full Story]

* JKH shows resilient performance in 1Q with 80% increase in group revenue

July 28 (CP) Colombo- Sri Lanka’s largest conglomerate John Keells Holdings PLC showed resilient performance in first quarter as the Group revenue at Rs.38.80 billion for the period under review is an increase of 80 percent over the Rs.21.51 billion recorded in the previous financial year.
[Full Story]

* ComBank once again ranked the Strongest Bank Brand in Sri Lanka

July 28 (CP) Colombo- The Commercial Bank of Ceylon has once again been recognised as the ‘Strongest Bank Brand’ in the country in 2021 by Brand Finance, one of the world’s leading independent brand valuation consultancies.
[Full Story]

* Sri Lankan shares end flat as financials offset gains in industrial stocks

July 28 (Reuters) Sri Lankan shares closed little changed on Wednesday, as losses in financials and consumer staples stocks offset gains in industrials. The CSE All-Share index ended up 0.05% at 8,096.98.
[Full Story]

* Altair on track

July 28 (Island) `Altair’, the iconic building in Colombo – Sri Lanka is designed by Celebrity Architect Moshe Safdie based in Boston, USA. Moshe Safdie has designed many famous iconic structures including the famous Marina Bay Sands with Sky Garden in Singapore.
[Full Story]

* Colombo-bound container vessel impounded at Chattogram port

July 28 (TDS) A Colombo-bound vessel carrying export containers has been kept impounded at the Chattogram port’s outer anchorage for the last eight days by Chittagong Port Authority (CPA) following a High Court order.
[Full Story]

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