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Last Updated = Wed, Jan 18, 2017, 12:07 am SL Time

* Sri Lanka signs US$125 million credit with World Bank to modernize agriculture

Jan 17 (CP) Colombo- Sri Lanka has signed a US$125 million credit with the World Bank to help the country modernize its agriculture sector. Sri Lanka aims to make the sector more efficient and attractive as a modern business, more responsive to consumer demand, and more environmentally sustainable and resilient to climate change, a World Bank statement said.
[Full Story]

* John Keells Holdings files its first patent related to novel energy storage material

Jan 17 (CP) Colombo- Sri Lanka's diversified conglomerate, John Keells Holdings PLC (JKH) filed its first patent jointly with the Council for Scientific and Industrial Research (CSIR) - India, in the area of energy storage materials.
[Full Story]

* Hayleys unveils Sri Lanka's largest capacity solar power plant in Welikande

Jan 16 (CP) Colombo- Hayleys Group PLC jointly with Windforce Ltd., in the forefront of renewable energy in the country, has commissioned their solar power plant. Located in Welikande in the Polonnaruwa District, the 10 megawatt (MW) solar plant has been installed with a solar tracking system
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* Sri Lankan shares end lower; heavyweights down

Jan 17 (Reuters) Sri Lankan stocks closed lower on Tuesday for a second straight session as investor sentiment took a hit on political uncertainty and as yields on short-term bonds rose.
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* Royal Ceramics to invest almost Rs.1bn for new kiln, machinery

Jan 17 (DM) Royal Ceramics PLC (RCL), Sri Lanka’s leading floor tile and bathware manufacturer, yesterday said it was replacing its existing kiln at its Eheliyagoda manufacturing plant with the press, associated machinery and building at a cost of Rs.978 million.
[Full Story]

* Sri Lanka’s first ever 7-star apartment complex to start construction

Jan 17 (LBO) Sri Lanka’s first ever seven-star luxury apartment complex, Achilleion, is set to commence construction work this week, its developers said. Achilleion is undertaken by Blue Mountain Apartments which is part of the Blue Mountain Group.
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* Sri Lankan rupee ends marginally higher on dollar sales

Jan 16 (Reuters) The Sri Lankan rupee ended marginally higher on Monday in lean trade as foreign banks sold dollars, but the market expects the currency to weaken after the central bank allowed flexibility in exchange rate, dealers said.
[Full Story]

* RPC estates leaving much to be desired, says agricultural specialist

Jan 16 (Island) Agricultural Specialist, Consultant, to The Ministry of Plantation Industries, Jivaka Atapattu, who we interviewed last week, said Regional Plantation Company Estates' performances were now not at their best.
[Full Story]

* Sri Lanka Insurance to launch free insurance policy to all schoolchildren

Jan 16 (DN) For the first time in South Asia, Sri Lanka Insurance (SLI) will launch a free insurecne policy for schoolchildren from next month.
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* Sri Lanka urges APTA member states to expand trade, investment and economic integration

Jan 17 (CP) Colombo- Sri Lanka has urged the members of the Asia Pacific Trade Agreement (APTA) conclude negotiations early to broaden the trade agreements and expand into services to pave the way to further expansion of trade, investment and economic integration among the member countries.
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* Coca Cola interested in setting up a production plant in Sri Lanka

Jan 16 (CP) Colombo- American beverages giant Coca-Cola is interested in using Sri Lanka as a production hub and set up a plant, to cater to the Indian market, the Finance Ministry said today.
[Full Story]

* Sri Lankan rupee ends steady; foreign bank dollar sales offset importer demand

Jan 17 (Reuters) The Sri Lankan rupee closed little changed in thin trade on Tuesday as dollar selling by foreign banks offset importer demand for the U.S. currency, even as the rupee is expected to weaken after the central bank allowed flexibility in the exchange rate, dealers said.
[Full Story]

* ‘De La Rue Lanka secures world class security accreditation’

Jan 17 (Island) De La Rue Lanka is celebrating their successful accreditation by external auditors to the Central Bank standard of ISO 14298. This is a notable achievement for the site and follows the completion of a series of security upgrades at the plant to enable it to qualify for the accreditation.
[Full Story]

* CMPort China to pump over US$ 400 mn on H’tota port

Jan 17 (DN) Merchant Port Holdings (CMPort) China will invest over US dollars 400 million in the first six months of their operations in the Hambantota Port. This is for the purchasing of equipment for the container terminal.
[Full Story]

* Movenpick Hotels & Resorts brings altitude and attitude to Colombo with a modern property set for iconic status

Jan 17 (TDN) Movenpick Hotels & Resorts has opened a strikingly modern property in Colombo, introducing a unique hospitality concept that brings attitude and altitude to the Sri Lankan capital.
[Full Story]

* Sri Lankan shares end lower on rising rates

Jan 16 (Reuters) Sri Lankan stocks closed lower on Monday as investors sold financials after rising yields in short-term government securities hit sentiment, brokers said.
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* Ravi K vows to reveal names of Central Bank saboteurs busting rupee

Jan 16 (DM) The names of Central Bank officials who are sabotaging the rupee will be revealed in the coming days, after which the currency will strengthen in the coming months, Finance Minister Ravi Karunanayake said recently.
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* Sri Lanka should fix basics, picking winners may create cronies: economist

Jan 16 (ECONOMYNEXT) Sri Lanka has to fix basic conditions that provide stability and freedom for business to invest and grow is instead of trying to pick winners bureaucratically which may lead to crony businesses, an economist said.
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