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Latest Finance News .....
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Last Updated = Mon, Sep 16, 2019, 10:49 pm SL Time

* Sri Lanka Central Bank to issue Treasury Bills for 8.5 billion rupees

Sept 16 (CP) Colombo- The Sri Lankan government will issue Treasury bills for 8.5 billion rupees through an auction on 18th September 2019, the Central Bank announced.
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* The Finance plunges deeper into the abyss with another Rs.1bn loss

Sept 16 (Island) The Finance Company (TFC), once one of Sri Lanka’s largest non-bank financial institutions, reported a loss of Rs1bn for the quarter ended June 30, 2019. This brings total losses since inception of the company to a staggering Rs27bn (US$150mn).
[Full Story]

* Finance Minister orders probe into issuing liquor licenses without his approval

Sept 15 (CP) Colombo- Finance Minister Mangala Samaraweera ordered Excise Commissioner General, H.G. Sumanasinghe to conduct an immediate investigation into the issuing of liquor licenses in 2017 and 2018 by the Excise Department without getting his approval and, report to him within two weeks.
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* Rs. 1.5 billion investment to put tourism industry back on track

Sept 15 (News.lk) The Sri Lanka Tourism Promotion Bureau (SLTPB) is aggressively working to promote Sri Lanka by investing Rs. 1.5 billion.
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* Tough CB rules for dealers in post bond-scam era

Sept 15 (ST) The Central Bank (CB) has issued a set of strict guidelines to dealers in treasury operations of commercial banks and specialised banks in the post bond-scam era that cover ethical transactions and includes whistle blowing provisions.
[Full Story]

* Sri Lankan rupee ends weaker amid continued foreign outflows; stocks edge up

Sept 16 (Reuters) COLOMBO- Sri Lanka’s rupee closed weaker on Monday, with continued foreign outflows from government securities, while equities ended slightly firmer for the second straight session.
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* Demand builds for first state run automotive service hub

Sept 16 (DN) No sooner the first ever state run Wheel Alignment Centre (WAC) for the four wheel light vehicle class was launched on September 11, demand for its services peaked –that too, not from state owned vehicles but from private vehicle owners hungry for trustworthy servicing.
[Full Story]

* So Sri Lanka Pro 2019 surfing from Sept 25 to 29

Sept 15 (CP) Colombo- World Surfing League Qualifying Series 3000, also referred to as So Sri Lanka Pro 2019 is all set to be staged at the world-class point break of Arugam Bay from 25 to 29 September, with the participation of over 122 surfers from 24 nations.
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* Fonterra Sri Lanka’s head of corporate affairs Thamari Senanayake wins career achievement award

Sept 15 (Island) Head of Corporate and Regulatory Affairs (CRA) at Fonterra Brands Sri Lanka, Thamari Senanayake has set a striking example of how to integrate conscience and career in her 23 years in the industry.
[Full Story]

* ‘Sri Lanka needs long-term economic plan to reach high income status’

Sept 15 (SO) Prof. Lalith Samarakoon Sri Lanka needs a sound long term economic plan decoupled from politics and managed by competent professionals if it is to reach the high income economy status, said Secretary-General and Chief Economist of the National Economic Council, Prof. Lalith Samarakoon.
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