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Last Updated = Fri, May 24, 2019, 12:01 pm SL Time

* Trendy Hub brings runway fashion to flagship store in Colpetty

May 24 (CP) Colombo- Runway-ready label Trendy Hub opened its flagship outlet on Galle Road adjoining Aloe Avenue with a private reception on Tuesday, 21 May.
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* Teejay Lanka continues strong momentum into 4Q19

May 24 (DM) Weft knit fabric maker, Teejay Lanka PLC, reported some solid top and bottom line performance during the three months ended 31 March, 2019 (4Q19) as the company managed to offset the higher cost through price revisions and process improvements.
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* Sri Lanka signs Memorandum of Collaboration (MoC) with Singapore for employment of Sri Lankan Caregivers

May 23 (CP) Colombo- Sri Lanka High Commission in Singapore initiated a Tripartite Memorandum of Collaboration (MOC) between the Sri Lanka Bureau of Foreign Employment (SLBFE) and Singapore Recruitment Agencies namely, Homekeeper International Pte Ltd and Aria Training and Consultancy Pte Ltd for the recruitment of Sri Lankan caregivers under an Advance Placement Scheme (APS).
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* CSE and SEC initiate effort to restore confidence among foreign investors

May 23 (CP) Colombo- The Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC), in a bold step to reassure foreign investors, recently organized an Invest Sri Lanka Forum targeting portfolio and direct investors in Singapore.
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* CDB’s profit before taxes surpasses LKR 2.7 bn – ‘now among top 5 largest NBFIs’

May 23 (Island) Citizens Development Business Finance PLC (CDB) reinforced its dominance as a disruptor in the financial intermediary business in Sri Lanka with its exceptional financial results for FY 2018/19, posting profit before taxes of LKR 2.7 Bn,
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* Four swap lines to meet debt obligations– CB Governor

May 23 (DN) The Central Bank has arranged three swaps; USD 400 million with the RBI, USD 1 billion equivalent with Central Bank of Qatar in Rial, and USD 1.7 billion equivalent with the Peoples Bank of China in Yuan for further reassurance to meet the country’s debt obligations, Central Bank Governor, Dr. Indrajit Coomaraswamy said.
[Full Story]

* Sri Lanka's National Carrier shares the spirit of Vesak with passengers at BIA

May 24 (CP) Colombo- SriLankan Airlines, the National carrier of Sri Lanka and a member of the reputed oneworld alliance, commemorated Vasak at its home base, Bandaranaike International Airport (BIA), Colombo recently.
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* ‘Empower banks to defer payments due from biz community’

May 24 (DN) The Government should request international donors to defer Sri Lankan foreign debt repayments for six months and offer this benefit to Sri Lankan banks. As a result local banks could then be in a better position to defer payments due to them from local business community.
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* Dialog and Netflix announce strategic partnership for Sri Lanka

May 23 (CP) Colombo- Dialog Axiata PLC, Sri Lanka's premier connectivity provider, today announced its partnership with Netflix, the world's leading internet entertainment service.
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* Sri Lanka stocks edge up in light turnover; rupee up

May 23 (Reuters) COLOMBO- Sri Lankan shares closed slightly firmer on Thursday and extended gains into a fifth session, but trading volume slumped to a near five-month low amid worries over economic slowdown and lack of investor appetite for risky assets.
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* Ensuring protection and safety tips for online shoppers

May 23 (DM) Over the past five years, online shopping has become an increasingly popular option for Sri Lankan consumers. Several factors, including the advent of digital payments, enhanced convenience, and the ability to browse through a vast range of products at just a glance, have played an integral role in the recent tide towards shopping on e-commerce sites.
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