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Last Updated = Wed, Oct 28, 2020, 12:42 pm SL Time

* HNB secures US$ 60mn funding from France’s Proparco for SMEs

Oct 28 (CP) Colombo- Hatton National Bank PLC (HNB) announced a landmark agreement with Proparco, the private sector funding arm of the French development bank, Agence Française de Développement (AFD), to secure US$ 60 million in funding.
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* Bank of Ceylon disburses Rs.42.8 billion under CBSL-led ‘Saubagya’ COVID-19 working capital loan scheme

Oct 28 (CP) Colombo- Continuing its heavy focus on entrepreneurial and economic development island-wide, BOC has led the way in CBSL’s ‘Saubagya’ COVID-19 Working Capital Loan scheme, by being set to single handedly disburse Rs.42.8 Billion of the allocated total of Rs.150 Billion by CBSL.
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* NSB enables cashless society with QR Code Banking

Oct 28 (DN) National Savings Bank, (NSB) has enabled a cashless society with Quick Response (QR) Code Banking in collaboration with Lanka QR. Globally recognized Quick Response (QR) Code banking is the next step in the evolutionary journey of banking
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* Sri Lankan shares end slightly higher as consumer staples shine

Oct 27 (Reuters) - Sri Lankan shares closed slightly higher on Tuesday, helped by consumer staples, industrials and material stocks. The benchmark stock index ended up 0.19% at 5,680.28.
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* Sri Lanka, Oman collaboration in manufacturing fiberglass products mooted

Oct 27 (CP) Colombo- Sri Lanka Embassy in Oman and the Export Development Board of Sri Lanka (EDB) jointly organized a B2B virtual meeting between manufacturers of fiberglass and acrylic products of the two countries.
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* Sri Lanka to award contract to Vitol Aviation to supply aviation fuel for SriLankan Airlines at Melbourne

Oct 26 (CP) Colombo- The government of Sri Lanka has received the cabinet approval to award a contract to wholesale petroleum distributor Vitol Aviation BV to supply aviation fuel for SriLankan Airlines planes at the Melbourne Airport in Australia.
[Full Story]

* SLTDA streamlines the tourism investment approval process

Oct 26 (CP) Colombo- Sri Lanka Tourism Development Authority (SLTDA) has made the tourism investment process easy by streamlining the project approval process and the facilitation services provided by the Investor Relations Unit (IRU) - the unit established within SLTDA as the centralized facilitation arm for tourism investments in the country.
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* Siddhalepa Ayurveda Teas to China

Oct 27 (DN) Hettigoda Industries Private Limited, a leading Ayurveda products manufacturer, has expanded its product diversification in Chinese market by exporting a range of Ayurveda herbal teas.
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* Spar Expands Footprint In Sri Lanka With Sixth Store Opening

Oct 26 (ESM) Spar Sri Lanka has announced the continued expansion its its operations with the opening of a new store in Negombo, around 40 kilometres north of the capital, Colombo.
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* Stock market indices record 3% loss amid spike in COVID-19 positive cases

Oct 26 (DM) Both indices at the Colombo Stock Exchange (CSE) lost 3 percent each during last week after a positive run with the discovery of higher number of COVID-19 positive cases throughout the country, though the government maintaining that there is no community level spread.
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* ComBank adjudged ‘Best Trade Finance Bank in Sri Lanka’ by Asian Banker for 3rd consecutive year

Oct 28 (CP) Colombo: The Commercial Bank of Ceylon was declared the ‘Best Trade Finance Bank in Sri Lanka’ for the third year in a row at the 2020 Asian Banker Transaction Awards recently, in recognition of its achievements in cash management, payments, and trade finance.
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* Fresh Rs.30bn re-finance scheme for small biz likely in December

Oct 28 (DM) As the Central Bank sponsored Saubagya COVID-19 credit scheme came to an end fortnight ago, another loan re-finance scheme aimed at small businesses, this time sponsored by the Asian Development Bank (ADB) and implemented by the Finance Ministry is expected to be launched early as December.
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* East Container Terminal at the port of Colombo inaugurates operations with arrival of first ship

Oct 27 (CP) Colombo- Marking another significant step in the journey to make Sri Lanka’s Ports System the shipping hub in Asia, the East Container Terminal ( ECT) of Sri Lanka Ports Authority (SLPA) has inaugurated its container operations Tuesday, 27 October 2020 with the arrival of the first container carrier ship.
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* NDB partners with ThinkCube to promote ezBiz for MSME customers

Oct 27 (CP) Colombo- National Development Bank PLC and ThinkCube Solutions Ltd. have signed a partnership agreement to promote the breakthrough Cloud based Business Application ezBiz to NDB’s Micro, Small and Medium Enterprise (MSME) customers.
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* Cargills Foodcity opens a branch in Colombo Port

Oct 26 (CP) Colombo- Chairman of Sri Lanka Ports Authority General Daya Ratnayaka Monday inaugurated the new branch of the Cargills Food city, a leading supermarket chain in Sri Lanka, in the Port of Colombo.
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* SLT partners with Fon Wireless Limited to create Community Wi-Fi networks

Oct 26 (CP) Colombo- Sri Lanka Telecom (SLT) has once again put their customers first. With the launch of the sltgo Wi-Fi solution, SLT broadband customers and overall internet consumers of Sri Lanka will be able to enjoy Wi-Fi connectivity on the go via community Wi-Fi networks.
[Full Story]

* BPPL Holdings records robust 2Q amid strong brush sales

Oct 27 (DM) Sri Lanka’s largest brush-ware maker and exporter, BPPL Holdings PLC, is seeing a strong demand for both its generic brushes and own-branded products while the company has also experienced its product and market diversification strategy yielding results.
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* Sri Lankan shares end lower as industrial, financial stocks weigh

Oct 26 (Reuters) Sri Lankan shares closed lower on Monday, dragged down by losses in industrial, financial and consumer staple stocks. The benchmark stock index ended down 1.73% at 5,669.33.
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* Ideal Group introduces industry-first insurance reward scheme

Oct 26 (Island) Ideal Motors Pvt Ltd and its subsidiary Ideal First Choice Pvt Ltd (part of the Ideal Group of Companies) have pioneered an insurance reward scheme free of charge, an industry first for vehicle owners who continue to avail services from both Ideal Motors and Ideal First Choice workshops.
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* SLTDA waiting on Cabinet approval for visa validation

Oct 26 (DN)Sri Lanka Tourism Development Authority (SLTDA) has drafted a proposal regarding visa validation from one month to six months for tourist planning to visit the country, and the draft is yet to be handed for Cabinet’s approval.
[Full Story]

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