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Last Updated = Tue, Jul 17, 2018, 12:16 pm SL Time

* Malaysia's Salcon bags US$ 17 million contract to build storm water pumping station in Sri Lanka

July 17 (CP) Colombo- Malaysia's Salcon Engineering Berhad, a wholly-owned subsidiary of Salcon Berhad has bagged a Rs. 2.82 billion (RM 71.27mil) contract to build a storm water pumping station in Sri Lanka over a period less than two years.
[Full Story]

* Sri Lanka’s first-ever solar panel manufacturing plant to open in Katunayake

July 17 (DM) Japanese Sri Lanka Friendship (JSF) Corporation, a Board of Investment (BOI) company, will commence operations at its production facility in Katunayake next week, becoming Sri Lanka’s sole manufacturer of solar panels.
[Full Story]

* IHG Signs InterContinental Colombo in Sri Lanka

July 17 (TP) InterContinental Hotels Group (IHG), one of the world’s leading hotel companies, has signed a management agreement with Pearl Grand Tower Hotel (Private) Limited, to bring back the InterContinental brand to the Sri Lankan capital.
[Full Story]

* Sri Lanka to launch National Export Strategy this week to strengthen exports

July 16 (CP) Colombo- Sri Lanka's Export Development Board (EDB) says the National Export Strategy (NES), developed by private and public stakeholders through extensive consultations, will be launched on Thursday, July 19.
[Full Story]

* Sri Lankan rupee ends weaker on importer dollar demand

July 16 (Reuters) COLOMBO- The Sri Lankan rupee closed weaker on Monday as dollar demand from importers exceeding greenback selling by exporters, traders said.
[Full Story]

* HNB takes top honours at CMA Integrated Reporting Awards 2018

July 17 (Island) Sri Lanka’s best performing private sector commercial bank, HNB, won significant recognition at the recently concluded Excellence in Integrated Reporting Awards 2018, winning an award for the Top Ten Best Integrated Reports in addition to being crowned winners in the banking sector.
[Full Story]

* NOLIMIT among Lanka’s top 25 companies to work for in 2018

July 17 (DN) NOLIMIT has achieved the accolade of being listed among the top 25 best companies to work for in Sri Lanka for three consecutive years in the study conducted by Great Place to Work Institute in partnership with LMD business magazine and the Ceylon Chamber of Commerce.
[Full Story]

* Sri Lanka BOI says investment projects worth over $16 bn under discussion with Singapore

July 16 (CP) Colombo- The investment promotion agency of Sri Lanka Board of Investment, (BOI) says Sri Lanka is gearing to reap the benefits of the Free Trade Agreement with Singapore, with four mega projects being discussed by the agency.
[Full Story]

* Sri Lankan shares slip from 2-week high

July 16 (Reuters) COLOMBO- Sri Lankan shares edged lower on Monday from their highest close in two weeks in lighter-than-usual trading as foreign investors sold stocks.
[Full Story]

* Fitch removes RWN on Sri Lanka’s Distilleries Company

July 16 (DN) Fitch Ratings has removed the Rating Watch Negative (RWN) on Distilleries Company of Sri Lanka PLC’s (DIST) National Long-Term Rating, and has affirmed the rating at ‘AAA(lka)’. The outlook is stable.
[Full Story]

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