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Latest Finance News .....
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Last Updated = Tue, Oct 16, 2018, 11:38 pm SL Time

* Sri Lanka's manufacturing, services sectors slow down in September 2018

Oct 16 (CP) Colombo- According to the Sri Lanka Purchasing Managers' Index (PMI) released by the Census and Statistics Department, the industrial production and services in Sri Lanka have eased in September 2018 compared to the same month in 2017.
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* Sri Lankan rupee ends weaker; stocks edge up from near 5-yr low

Oct 16 (Reuters) COLOMBO- The Sri Lankan rupee ended 0.2 percent weaker on Tuesday as banks and importers bought the dollar while stocks ended a five-session losing streak, pulling away from previous session's near five-year closing low.
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* Banking sector profits seen losing steam ahead of 3Q earnings season

Oct 16 (DM) The banking sector earnings, which once looked almost immune to economic cycles, have indicated some signs of weakness in recent times, ....
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* Sri Lanka Central Bank implements measures to strengthen transparency and accountability in its operations

Oct 15 (CP) Colombo- Sri Lanka's Central Bank says it has initiated several measures to strengthen transparency and accountability in several areas of operations of the Central Bank in line with the recommendations of the Presidential Commission of Inquiry on bond issuance.
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* Sri Lanka emphasizes on utilizing e-commerce to boost South Asia regional trade

Oct 15 (CP) Colombo- Sri Lanka's Minister of Industry and Commerce Rishad Bathiudeen points out that while South Asia is emerging as one of the fast-growing regions in the world and is expected to play a dynamic role in shaping the 'Asian Century', regional trade in South Asia remains below potential.
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* Little Sri Lankans treated to fun and games by ComBank and ITN at Weli Oya

Oct 15 (CP) Colombo- Hundreds of little Sri Lankans were treated to fun and games when Commercial Bank of Ceylon once again partnered with ITN to celebrate World's Children's Day at a mega event at the Mahaweli Ground in Weli Oya in the Northern Province recently.
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* SampathCards offers cardholders 40% savings at Cinnamon Resorts in SL and Maldives

Oct 15 (Island) Continuing to help cardholders make the best of their holiday, SampathCards is offering an amazing discount of 40% at 9 Cinnamon Resorts around Sri Lanka and the Maldives. The irresistible savings are available exclusively for Sampath Mastercard and Visa Credit Cardholders and Sampath Bank American Express Credit Cardmembers.
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* ACES recognises Combank and IWS Holdings

Oct 15 (DN) Two Sri Lankan entities, Commercial Bank and IWS Holdings were recognized and honored at the Asia Corporate Excellence & Sustainability Awards (ACES) in Singapore. Commercial Bank won the award for the Best Green Company in Asia
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* Invest Sri Lanka Promotion in UK concludes with the first-ever event in Scotland

Oct 16 (CP) Colombo- The Invest Sri Lanka capital market road show organized by the Colombo Stock Exchange (CSE) in association with the Securities and Exchange Commission of Sri Lanka (SEC) concluded on a positive note with institutional investors based in Edinburgh
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* Mitra Innovation to roll out DevOps to cater to demands of telecom and financial sectors

Oct 16 (Island) Alongside Mitra Innovation's core offerings such as digital transformation and cloud integration, the Company will soon be commencing a new service...
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* HDFC Bank signs MOU with Fairfirst Insurance

Oct 16 (DN) HDFC Bank recently signed an MOU with Fairfirst Insurance Limited for the provision of Life and Total Permanent Disability insurance covers to the Bank’s loan customers.
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* Melbourne witnesses a spectacular SriLankan Airlines Half Marathon for the second consecutive year

Oct 15 (CP) Colombo- SriLankan Airlines, coinciding with the first anniversary of its operations to Melbourne, successfully concluded SriLankan Airlines Half Marathon event at the Medibank Melbourne Marathon Festival for the second consecutive year.
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* 'Enterprise Sri Lanka- BOC Thurunu Diriya' disburses over 180 loans island-wide

Oct 15 (CP) Colombo- "Enterprise Sri Lanka- BOC Thurunu Diriya" loan scheme has disbursed 182 loans for young entrepreneurs island-wide up to date, Policy Development Office said in a statement.
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* Sri Lankan rupee ends weaker; stocks hit near 5-yr low on foreign selling

Oct 15 (Reuters) COLOMBO- The Sri Lankan rupee ended 0.7 percent weaker on Monday as banks and importers bought the dollar and as stocks declined for a fifth straight session, hitting a near five-year closing low on continued foreign fund outflow.
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* Further import controls unnecessary unless fuel prices rise: Malik

Oct 15 (DM) Development Strategies and International Trade Minister Malik Samarawickrama said yesterday further import cuts would not be necessary unless there was a sharp rise in fuel prices in the global market.
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