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Last Updated = Tue, Dec 18, 2018, 02:00 pm SL Time

* High profile US delegation visits Sri Lanka's Port of Colombo

Dec 18 (CP) Colombo- Chairman of the Sri Lanka Ports Authority (SLPA) Dr. Parakrama Dissanayake on last Thursday welcomed a high profile delegation of the United States visiting the Colombo Port.
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* Ceylon Chamber facilitates efficient document approval process for exporters

Dec 18 (LBO) A Memorandum of Understanding was signed between the Ceylon Chamber of Commerce and the Ministry of Foreign Affairs (MoFA) recently, for the certification of export related documents through the electronic Document Attestation System (e-DAS) of the Ministry.
[Full Story]

* Condo sales hit by politics, falling rupee and high financing cost

Dec 18 (DM) Sales in Sri Lanka’s residential condominium sector have experienced a slowdown due to the general uncertainty in the country, devaluation of the rupee and high cost of financing.
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* http://www.lankapage.com/pix_small/central%20bank.jpg

Dec 17 (CP) Colombo- According to the Sri Lanka Purchasing Managers' Index (PMI) released by the Statistics Department of Central Bank, the industrial production and services in Sri Lanka have eased in November 2018 compared to the same month in 2017.
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* Sri Lankan rupee ends steady as political crisis nears end

Dec 17 (Reuters) COLOMBO-The Sri Lankan rupee ended steady on Monday as political crisis in the South Asian island nation showed signs of easing after President Maithripala Sirisena reinstated the premier he had initially sacked in a widely criticised move, but foreign outflows from stocks weighed on sentiment.
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* CSE to launch multi-currency board

Dec 17 (Island) The Colombo Stock Exchange (CSE) will launch a Multi-Currency Board some time next year which will enable overseas companies to list here and raise capital in US dollars, a CSE official said.
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* The Air Conditioning market in Sri Lanka growing, demand for HVAC products - Market Report

Dec 18 (CP) Colombo- A market report released by Research and Markets says the rise in residential and commercial construction projects, along with the high growth from the tourism and hospitality industry, is creating demand for HVAC products in Sri Lanka.
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* People’s Leasing and Finance awarded for its Islamic finance products

Dec 18 (Island) Al-Safa Islamic finance unit of People’s Leasing Company bagged two prestigious awards at the IFFSA – 2018 (Islamic Finance Forum of South Asia) which is held annually
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* Cinnamon Life completes suites tower structure

Dec 18 (DN) Iconic integrated development Cinnamon Life recently completed the structure of the suites tower, which comprises 39 floors. A topping off ceremony was held on site to celebrate this key milestone.
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* Hayleys Energy commences oil and gas drillship service at Hambantota Port

Dec 17 (CP) Colombo- Hayleys Energy Services (HES), the pioneer in Oil and Gas support services in Sri Lanka, announced the arrival of the oil and gas drillship "Aban Abraham" for a warm lay-up to the Hambantota International Port, Sri Lanka.
[Full Story]

* Sri Lanka PM Wickremesinghe's reinstatement calms markets; cabinet in focus

Dec 17 (Reuters) COLOMBO- The Sri Lankan rupee strengthened on Monday while bond yields dropped as a seven-week political crisis appeared to ebb after President Maithripala Sirisena reinstated the premier he had initially sacked in a widely criticized move.
[Full Story]

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