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Last Updated = Fri, Oct 20, 2017, 01:39 am SL Time

* Mobitel launches South Asia's first NB-IoT Network at Techno 2017 in Sri Lanka

Oct 19 (CP) Colombo- Mobitel, Sri Lanka's National Mobile Service Provider showcased the nascent NB-IoT technology (Narrow Band Internet of Things) for the first time in South Asia at the recently concluded Techno 2017 exhibition in Sri Lanka which took place from the 13th-15th of October 2017.
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* Sri Lanka calls for proposals for 90 solar projects of 1MW capacity each

Oct 19 (CP) Colombo- The Ceylon Electricity Board (CEB) has affirmed that 90 small-scale solar projects can be allowed under the second stage of the Soorya Bala Sangramaya (Battle for Solar Energy) Program.
[Full Story]

* Sri Lanka's trade deficit expands 9.4% in August 2017 despite exports earnings surpassing US$ 1 bn

Oct 18 (CP) Colombo- Despite an increase in exports earnings Sri Lanka's trade deficit widened 9.4 percent to US$ 856.3 million in August 2017 from US$ 782.8 million a year earlier, according to the Central Bank data released in its External Sector Performance Review on Tuesday.
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* Sri Lanka to set up a pipeline from Muthurajawela to deliver jet fuel to aircraft

Oct 18 (CP) Colombo- Minister of Petroleum Resource Development Arjuna Ranatunga says a project to set up pipelines to deliver aircraft fuel to Bandaranaike International Airport in Katunayake from the Muthurajawela storage tanks will be expedited.
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* A Golden Effie Evening for Ogilvy Sri Lanka

Oct 19 (Island) Phoenix Ogilvy Group ended the 2016 Effie Awards Sri Lanka with an overall group tally of 10 metals including 4 Gold, 2 Bronze and 4 Finalist awards. Topping the list, was the Clogard ‘Say it Fresh’ campaign for Hemas Manufacturing (Pvt) Ltd.
[Full Story]

* SL fast losing competitiveness in regional shipping hub status quest

Oct 19 (DN) Sri Lanka is fast losing in competitiveness in the quest for regional shipping hub status as the delay to kick start several development projects in the Colombo Harbour, said Julian Michael Bevis, Senior Director, Group Relations, South Asia, Maersk Line India Pvt. Ltd.
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* EMP wins Gold at NCE Export Awards 2017

Oct 18 (DM) Electro Metal Pressings (Pvt) Ltd, won the Gold Award at the recently concluded Export Awards 2017 organized by the National Chamber of Exporters (NCE) of Sri Lanka.
[Full Story]

* Sri Lanka: Stairway to heaven

Oct 18 (NZH) Mark Dye takes a rather awkward tuktuk journey to an ancient fortress and is blown away by its majesty. Sigiriya, or Lion Rock, is to Sri Lanka what Queenstown is to New Zealand.
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* 'Excon 2017' Road Show to be held in Colombo focusing on Lankan construction sector

Oct 19 (CP) Colombo- Confederation of Indian Industry (CII), India's Apex Industry Association, will hold a Road Show in Colombo on the 25th October, 2017 in a bid to promote one of its iconic event, 'EXCON 2017', South Asia's largest event for Construction Equipment.
[Full Story]

* Sri Lanka encourages local entrepreneurs to enter global markets

Oct 19 (CP) Colombo- Micro, Small and Medium enterprises are prominent sectors in Sri Lanka's development vision and as the Prime Minister Ranil Wickremesinghe has declared the Sri Lankan entrepreneurs engaged in micro, small, and medium scale business enterprises must now enter the global markets, Sri Lanka's Minister of Industry and Commerce Rishad Bathiudeen said.
[Full Story]

* Japan Bank for International Cooperation reiterates to continue its support to Sri Lanka

Oct 18 (CP) Colombo- Japan Bank for International Cooperation (JBIC) reiterated their support for Sri Lanka's economic program during a meeting with Minister of Finance and Media Mangala Samaraweera.
[Full Story]

* Sri Lankan shares end lower for third session; block deals boost turnover

Oct 19 (Reuters) COLOMBO- Sri Lankan shares ended down for a third straight session on Thursday to hit near a one-week low, led by banking stocks while block deals boosted the turnover, brokers said.
[Full Story]

* Mobitel showcases SA’s first NB-IoT network at Techno 2017

Oct 19 (DM) Mobitel, the mobile arm of Sri Lanka Telecom, showcased the nascent narrowband Internet of things (NB-IoT) technology for the first time in South Asia (SA) at the recently concluded Techno 2017 exhibition in Sri Lanka, which took place from October 13-15, 2017.
[Full Story]

* Softlogic Life speeds up expansion, adds 5 Branches in 3Q

Oct 18 (Island) Further strengthening its network spread across the island, Sri Lanka's fastest growing life insurer Softlogic Life opened five branches in - Anuradhapura, Badulla, Kurunegala, Seeduwa and Weligama, during the September quarter.
[Full Story]

* CIC Holdings purchases 70% shares of Unipower

Oct 18 (DN) CIC Holdings PLC has purchased a total of 376,600 Ordinary Shares in Unipower (Private) Limited at a price of Rs.632.17 per share, constituting 70% of the total number of shares in issue in Unipower (Private) Limited.
[Full Story]

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