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Last Updated = Fri, Feb 24, 2017, 02:08 pm SL Time

* Sri Lanka's Colombo Port ranked among the world's best 25 ports

Feb 24 (CP) Colombo- Sri Lanka's Colombo Port has been ranked among the world's best 25 ports according to the Alphaliner rankings in 2017, a Ports and Shipping Ministry statement said. In 2016 Alphaliner has ranked Colombo Port at the 23rd place, three notches up from the 2015 rankings.
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* Proposed Coke factory will reduce water resources: MP

Feb 24 (DM) The Coca Cola factory proposed to be established in Sri Lanka would further reduce the water resources which are already diminishing as a result of the drought, Parliamentarian Douglas Devananda charged.
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* Singer Sri Lanka to subdivide ordinary shares by April

Feb 24 (LBO) Singer Sri Lanka has decided to subdivide its ordinary shares in the proportion of three shares for every one existing share held as at the end of trading on 31st March 2017. The company said in a stock exchange filing that the number of existing issued ordinary shares will then be increased from 125,209,610 to 375,628,830
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* Aitken Spence reaffirms support to CA Sri Lanka with Lead Sponsorship

Feb 23 (CP) Colombo- Leading blue chip conglomerate, Aitken Spence PLC has once again reaffirmed its support to the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) with yet another lead sponsorship.
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* Sri Lankan shares end firmer; earnings lift sentiment

Feb 23 (CP) Sri Lankan shares ended slightly firmer on Thursday, further moving away from a more than one-week closing low hit earlier in the week, as better-than-expected corporate earnings boosted sentiment, although concerns over rising rates capped gains.
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* DFCC Group nett profits top Rs 3 bn in 2016

Feb 23 (DM) DFCC Bank and DFCC Vardhana Bank’s profit after tax has crossed the Rs 3 bn mark,for the first time in the Bank’s history. The financial year ended December 31, 2016 was the first full year of operations after the amalgamation of DFCC Bank with DFCC Vardhana Bank, which took place on October 1, 2015.
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* Sri Lanka milk production can be fast-tracked with commercial farms: expert

Feb 23 (ECONOMYNEXT) Sri Lanka's milk production can be fast tracked by creating conditions for commercial dairy farming to take off, but lack of private land due to past expropriations by rulers was holding back the sector, an industry expert said.
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* Pan Asia Bank posts record high profit of Rs.1.8 billion for FY 2016

Feb 24 (Island) Pan Asia Bank, closed its financial year ended December 31, 2016 recording a profit before tax of Rs 1.8 billion, an increase of 17% over the previous year. Meanwhile the Bank increased its Profit after tax by 20% for the same period to Rs.1.25 billion or Rs. 4.24 a share, surpassing its previous earnings record.
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* SriLankan Aviation College to branch out overseas

Feb 24 (DN) Most Sri Lankans working in major airlines overseas be a technician, engineer, ground handler, cargo agent or cabin crew has had some affiliation with the SriLankan Aviation College (SLAC) asserted, Primal De Silva, General Manager, SriLankan Aviation College addressing the media in Katunayake on Wednesday.
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* ICTA spells out processes adopted to date for piloting Google Loon in Sri Lanka

Feb 23 (CP) Colombo- The ICT Agency of Sri Lanka under the direction of the Minister of Telecommunication and Digital Infrastructure has taken steps to facilitate and enable universal connectivity for the purpose of bringing about digitization to every person in the country.
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* Sri Lankan rupee ends firmer as exporters sell dollar

Feb 23 (Reuters) The Sri Lankan rupee ended firmer on Thursday as exporters sold the U.S. dollar, but concerns over possible further depreciation in the domestic currency in the absence of central bank guidance weighed on the sentiment, dealers said.
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* Korea Eximbank provides clean drinking water to Kurunegala North

Feb 23 (Island) The foundation stone for "Deduru Oya Water Supply Project" was laid ceremonially on February 20 by Minister of City Planning and Water Supply, Rauf Hakeem, ambassador of the Republic of Korea to Sri Lanka, Chang, Won-sam and other dignitaries.
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* Tax hike on milk imports no solution to boost local dairy industry: Fonterra

Feb 23 (DM) As Sri Lanka continues to struggle in improving its dairy industry, the leading global milk processor, Fonterra, stressed tax hikes on milk imports are not the way forward to boost the local capacity as such moves would eventually lead to a scarcity of milk and milk-based products, given the growing demand.
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