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Last Updated = Fri, Nov 24, 2017, 01:16 am SL Time

* Foreign investment in the Sri Lanka Stock Market hits an all-time high in 2017

Nov 23 (CP) Colombo- In what continues to be a promising year for foreign investor involvement in the stock market, 2017 has recorded an all-time high in foreign purchases during a year, with Rs. 105.1 billion (year-to-date) in foreign purchases this year passing the record of Rs. 104.7 billion set in 2014.
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* Sri Lanka nationwide inflation rises to 8.8 percent in October 2017

Nov 22 (CP) Colombo- Sri Lanka's nationwide inflation in October 2017 determined under the National Consumer Price Index (NCPI) increased to 8.8 percent from 8.6 percent recorded in September on an year-on-year basis, the Department of Census and Statistics reported.
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* China Products Sri Lanka Exhibition 2017 opens today in Colombo

Nov 22 (CP) Colombo- The 3rd edition of the China Products exhibition, one of the most renowned and successful multi-sector B2B international trade shows in Sri Lanka, will be opened this morning in Colombo with the Director General of Commerce as the Chief Guest.
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* Sri Lanka's bunker fuel sales to drop 30-35%, after effect of India's GST cut

Nov 23 (Platts) Seven weeks after its competitor, India, slashed its goods and services tax on bunker fuel, marine fuel sales at Sri Lanka's ports are expected to fall 30-35% to usual traded levels, bunker suppliers said this week.
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* Poultry producers welcome maize import liberalization; increased production, revenues, exports anticipated

Nov 23 (Island) The recent budget proposal to allow feed millers to import maize under a special limited quota to meet the shortfall in the local supply was hailed by poultry producers as a strongly positive measure that will support greater efficiency within the domestic industry
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* LOLC continues with excellent bottom line growth

Nov 23 (DN) LOLC releasing its interim financials for September 30, 2017, reported excellent growth in profitability compared with September 2016 driven by the financial services sector. The PBT for the current year was Rs. 11.7 billion compared with Rs. 6.6 billion reported last year, a growth of 77%.
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* Milaha launches feeder service between Sri Lanka and Bangladesh

Nov 22 (AJOT) Milaha, a Qatar-based maritime transport and logistics conglomerate, has announced the launch of a direct feeder service between Sri Lanka and Bangladesh.
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* Informal trade between SL and India thriving: economist

Nov 22 (DM) The opportunities in boosting trade and economic ties between India and Sri Lanka are yet to be realised as the fast-growing informal trading between the two nations, which has been in practice for decades, has not received the necessary attention,
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* Sri Lanka Insurance Industry records growth down to 13.87-pct in H1 2017

Nov 22 (LBO) Sri Lanka’s insurance industry growth has dipped together with profits in the first half of this 2017 as against a year earlier, data shows. The Insurance Regulatory Commission of Sri Lanka said Tuesday the insurance industry has recorded a growth of 13.87 percent,
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* SriLankan Airlines and Qantas provide more options to connect with new Melbourne service

Nov 22 (CP) Colombo- Sri Lanka's national carrier, SriLankan Airlines, which last month launched daily non-stop services to Melbourne, is providing its valued passengers with a wide range of options to connect and fly to major cities in Australia and New Zealand, by expanding its codeshare agreement with its long-time partner and fellow oneworld alliance member Qantas.
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* Sri Lanka gets US$ dollar1.5 billion FDI this year

Nov 22 (CP) Colombo- The Board of Investment (BOI) yesterday revealed Foreign Direct Investments (FDIs) this year would double to US$ 1.5 billion from last year whilst expressing confidence of a US$ 5 billion figure by 2020.
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* CA Sri Lanka honors four founding members for their outstanding leadership to the accounting profession

Nov 22 (CP) Colombo- The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently paid tribute to four founding members of the institute, who during their lifetime gave leadership towards developing the accounting profession, almost six decades ago.
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* Sri Lankan shares hit 1-wk closing low amid heavy foreign outflow

Nov 23 (Reuters) COLOMBO- Sri Lankan shares hit a one-week closing low on Thursday, as investors waited for clarity on new taxes in the national budget and on key legislations, although selling by foreign investors in Commercial Bank of Ceylon helped boost turnover.
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* Ceylinco Insurance grows GWPs by 7% in 3Q despite challenging conditions

Nov 23 (DM) Ceylinco Insurance PLC recorded a positive growth in gross written premiums (GWPs) during the three months to September (3Q17) as the insurance giant expanded business despite the challenging market conditions, particularly with regards to its life segment.
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* Sri Lankan shares edge up on large caps; turnover hits over 2-wk low

Nov 22 (Reuters) COLOMBO- Sri Lankan shares ended slightly higher on Wednesday in dull trade, as investors stayed on the sidelines awaiting clarifications on new taxes in the national budget and key legislations unveiled earlier this month, analysts said.
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* Mastercard - Educate Lanka Scholarship Program Empowers Young Sri Lankan Women

Nov 22 (Island) Mastercard and Educate Lanka presented the first batch of Mastercard sponsored scholarships to educate female students from socioeconomically marginalized backgrounds at a ceremony held recently in Kandy.
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* PM hails Lanka’s credit upgrade

Nov 22 (DN) Sri Lanka’s recent credit outlook upgrade by an international rating agency is a welcome step for the government’s debt-relief programs, Prime Minister Ranil Wickremesinghe said Monday evening.
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