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Last Updated = Fri, Sep 24, 2021, 12:00 pm SL Time

* Dialog Enterprise extends Smart Fleet Management Solution to Perera & Sons

Sept 24 (CP) Colombo- Keeping abreast with the very latest digitization developments in supply chain management, Dialog Enterprise, the corporate solutions arm of Dialog Axiata PLC, extended Smart Fleet, a practical solution for fleet management to Perera and Sons (P&S).
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* EDB proposes tax cut on incremental exports in upcoming budget

Sept 24 (DM) Some form of a tax relief on incremental exports is the least that could be granted by the government from the upcoming budget given its fiscal constraints to incentivise exporters who continuously strive to add more capacity and bring foreign exchange at this critical juncture, according to the Export Development Board (EDB), the main export promotion office in the country.
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* Sri Lanka government extends the deadline for RFPs for the Foreign Currency Term Financing Facility

Sept 23 (CP) Colombo- The Ministry of Finance has extended the closing date for the submission of Request for Proposals (RFP) for the Foreign Currency Term Financing Facility for the Government of Sri Lanka 2021. The Ministry of Finance said at the request of prospective investors, the closing date for the submission of RFPs has been extended from 22 September 2021 to 5 October 2021.
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* Chinese auto maker to set up assembly factory in Hambanthota Port industrial park

Sept 23, Colombo: The Hambantota International Port Group (HIPG) signed a Memorandum of Understanding (MoU) with Xiamen King Long United Automotive Industry Co., Ltd (King Long) in Fujian China, last week.
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* Seylan Bank Partners with STAREMIT to Facilitate Convenient Remittances for Sri Lankans in South Korea

Sept 23 (CP) Colombo- Seylan Bank, the Bank with a Heart announced its partnership with South Korea’s STAREMIT, enabling a convenient real-time money transfer option for Sri Lankans in South Korea. The partnership comes at the opportune time when many Sri Lankan expatriates have chosen to send money to Sri Lanka
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* Sri Lanka’s exports surpass USD 1bn mark for the second consecutive month in August 2021

Sept 22 (CP) Colombo- Sri Lanka’s merchandize exports in August 2021 recorded an increase of 14.4 % to US$ 1,083.56 million as compared to US$ 947.2 million recorded in August 2020 as per the data released by the Sri Lanka Customs, the Export Development Board (EDB) said in its monthly performance review released Wednesday.
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* ComBank provides COVID support to 4 more hospitals, taking total to 24 hospitals

Sept 22 (CP) Colombo- Four more government hospitals around Sri Lanka have received medical equipment pivotal in the treatment of critical patients battling the coronavirus under an ongoing initiative of the Commercial Bank of Ceylon.
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* Sri Lanka national inflation marginally declines to 6.7 percent in August 2021

Sept 22 (CP) Colombo- Sri Lanka’s nationwide inflation in August 2021 determined under the National Consumer Price Index (NCPI) marginally declined to 6.7 percent from 6.8 percent recorded in July 2021 on a year-on-year basis, the Department of Census and Statistics reported Tuesday.
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* Concessions package for tourism sector extended

Sept 23 (DN) The loan and leasing concession package granted by the Government to those engaged in the tourism sector affected by the COVID-19 pandemic will be extended by a further nine months, Tourism Minister Prasanna Ranatunga said.
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* Govt. to buy essential commodities for Sathosa from selected suppliers

Sept 23 (DM) The Cabinet of Ministers this week cleared the path for the Trade Ministry to enter into foreign exchange agreements with selected suppliers, to procure essential consumer commodities for Lanka Sathosa Limited, under fixed prices, within the next three months.
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* Softlogic Invest records 37 per cent Equity Fund returns since inception

Sept 22 (Island) Softlogic Equity Fund delivered a return of 17.37 per cent after all fees, from its inception to the financial year that ended on March 31, 2021. The portfolio continued to give favourable returns to its investors and at the end of August 2021,
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* Tourism sector continues to lobby for interest waiver on moratorium period

Sept 22 (DM) Sri Lanka’s tourism sector, which is harshly battered by pandemic-induced travel restrictions and border closures, has renewed its calls to authorities to write off the interest component accrued during the period of the loan moratorium, which was extended through June 2022 last week.
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* INSEE steps up COVID response programme

Sept 24 (Island) The market leader for cement in Sri Lanka, INSEE Cement, has boosted its COVID response programme over the past couple of months to help the Nation to cope with the severe ongoing wave of the COVID-19 pandemic.
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* Global banking sector facing huge challenges during lockdown - Alles

Sept 24 (DN) Covid -19 pandemic is damaging economies across the world including financial markets, institutions in all possible dimensions. For banks in particular the pandemic generates multifaceted crises mainly through increase in default rates.
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* Sri Lankan shares end higher on industrials, financials boost

Sept 23 (Reuters) Sri Lankan shares ended higher on Thursday, helped by industrial and financial stocks. The CSE All-Share index was up 0.48% at 8,830.35 points.
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* CSE and UCW discusses financial market evolving through the pandemic

Sept 23 (CP) Colombo- The Colombo Stock Exchange (CSE) and University Canada West (UCW) successfully concluded a webinar on the theme ‘How the Financial Market evolved through the pandemic’.
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* HNB offers higher returns for foreign currencies with FC Advantage

Sept 23 (CP) Colombo- In a bid to encourage foreign currency account holders to save in designated currencies, Sri Lanka’s most customer-centric private sector bank HNB PLC offered Foreign Currency Advantage (FC Advantage) savings account holders with higher returns.
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* Sri Lanka to obtain an additional loan grant of $ 100 million from IMF to cover Covid expenses

Sept 22 (CP) Colombo- The Sri Lankan government is planning to obtain an additional loan grant of US$ 100 million from the International Monetary Fund (IMF) to cover the COVID-19 vaccination costs. The International Monitory Fund (IMF) has agreed to grant a supplementary loan of US $ 100 million
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* WindForce PLC titled ‘Fastest Growing Renewable Energy Company in Sri Lanka’ at the 2021 GBO Awards

Sept 22 (CP) Colombo- WindForce PLC has won the award for the Fastest Growing Renewable Energy Company in Sri Lanka at the Global Business Outlook (GBO) Awards for 2021.
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* Sri Lanka, World Bank sign $ 92 million financing agreement to strengthen climate resilience

Sept 22 (CP) Colombo- The Government of Sri Lanka and the World Bank signed a $92 million financing agreement for the Climate Resilience Multi-Phased Program Phase I Project. This project is expected to benefit around 11.2 million people across the country
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* Sri Lanka Insurance enters into a strategic tie up with Sri Lanka Medical Association

Sept 23 (Island) Sri Lanka Insurance signed a Memorandum of Understanding (MoU) with the Sri Lanka Medical Association (SLMA) to improve healthcare knowledge, enhance safety and ensure providing best insurance solution for healthcare professionals in Sri Lanka.
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* Sri Lankan shares end higher as industrials boost

Sept 22 (Reuters) - Sri Lankan shares ended higher on Wednesday, snapping three straight sessions of losses, helped mainly by industrial stocks.
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* SL’s renewable energy operations to boom in future

Sept 22 (DN) Power generation in Sri Lanka has headed upwards over the years as defensiveness made the sector resilient against economic fluctuations according to Utilities Sector (Renewable Energy) “GREEN ENERGY; POWERING THE TRANSITION” Report 2021 complied by First Capital Research.
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