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Last Updated = Wed, Apr 14, 2021, 12:23 pm SL Time

* Dialog’s Genie Partners MyDoctor Elevating the Digital Healthcare Payment Mechanism in Sri Lanka

Apr 14 (CP) Colombo- In its most recent collaborative effort, Genie, Sri Lanka’s first PCI-DSS-certified payment app, has seamlessly integrated its services with MyDoctor, Sri Lanka’s pioneering digital health solution provider, to enable customers with a convenient digital payment facility to meet all their healthcare needs.
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* Sri Lanka Central Bank suspends business of Swarnamahal Financial Service

Apr 13, Colombo: The Monetary Board of the Central Bank of Sri Lanka has decided to suspend business of Swarnamahal Financial Services PLC (SFSP), with effect from 5:00 p.m. on 12th April 2021, the Bank said in a statement Monday.
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* Sri Lankan shares rise as industrials, consumer staples gain

Apr 12 (Reuters) Sri Lankan shares closed over 1% higher on Monday, rising for an eighth straight session, boosted by consumer staples and industrial stocks.
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* Aitken Spence expands its portfolio in hydropower

Apr 12 (CP) Colombo- Aitken Spence PLC has announced that the company has recently acquired hydropower operator Waltrim Energy Limited, a subsidiary of Sunshine Holdings PLC for Rs. 900 million.
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* Pan Asia Bank achieves a milestone for its Treasury expertise

Apr 12 (CP) Colombo- Pan Asia Bank was recently bestowed with the prestigious ‘Best Bank for Treasury Activities Sri Lanka 2021-Treasury’ award by the Global Banking & Finance Awards 2021.
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* Colombo Stock market open tomorrow for normal trading

Apr 11 (CP) Colombo- The Colombo Stock Exchange (CSE) announced that the Market will open as usual for trading tomorrow, 12th April 2012. However, the 13th and 14th April will be Market holidays for CSE in view of the Sinhala and Tamil New year.
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* Ministry of Industries seeks investors to revive salterns

Apr 11 (CP) Colombo- Secretary to the Ministry of Industries Anusha Palpita recently made an observation visit to the Paranthan Chemical Factory, the Elephant Pass Saltern and the Kurinchathivu Saltern for the future development activities of the industries. The Secretary also inspected the Paranthan Chemical Factory under the Ministry of Industries which is now completely destroyed.
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* All banks will remain open Monday

Apr 11 (CP) Colombo- The public holiday declared on Monday April 12 will not be applicable for state and private banks, the Secretary of the Ministry of Public Administration said.
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* CBSL to regulate foreign currency borrowings of finance companies

Apr 13 (DN) The Central Bank by way of directive dated 9 April has placed additional regulation on foreign currency borrowings of the licensed financial companies. Under the new directive finance companies will have to submit to the board of directors for approval any foreign currency borrowing.
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* No talks on IMF programme though various other discussions ongoing: CB

Apr 12 (DM) While Sri Lanka frequently engages with the International Monetary Fund (IMF) for technical assistance, and the two parties are also planning for the upcoming Article IV consultations towards the end of this year, the Central Bank reiterated that no discussions are held
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* Treasury move to handle special GST sparks protests

Apr 11 (ST) The takeover by the Treasury of some of the functions of the Inland Revenue Department (IRD) along with the introduction of an online managed single Special Goods and Service Tax (GST) in place of the various goods and service taxes and levies, has sparked protests from IRD staff.
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* Sri Lanka to ban fabric imports

Apr 14 (F2F) Sri Lanka is all set to ban the import of textile fabrics in a bid to protect domestic industry, the state minister for batik, handloom textiles and local apparel productions, Dayasiri Jayasekara, has announced.
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* Sri Lanka signs USD 500 million Financing Facility Agreement with China Development Bank

Apr 12 (CP) Colombo- The Government of Sri Lanka Monday signed a USD 500 million Financing Facility Agreement with the China Development Bank to facilitate rapid recovery of the economy affected by the COVID19 pandemic.
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* Sri Lanka trade up in arms over new tourism act

Apr 12 (TTGA) Private tourism stakeholders have decried a proposal by the Sri Lankan government to scrap current laws governing tourism policy, a move which would weaken the industry’s representation in various state-owned tourism organisations.
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* Qatar-Sri Lanka joint business council expected by year-

Apr 12 (GT) Qatar and Sri Lanka are expected to establish a joint business council by the third or fourth quarter of this year as part of efforts to strengthen the business and trade relations between the countries.
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* ICRA Lanka assigns [SL]BBB+ with Stable outlook for Lotus Hydro Power PLC

Apr 11, Colombo: ICRA Lanka Limited has assigned the issuer rating of [SL]BBB+ with Stable outlook for Lotus Hydro Power PLC (LHP or the Company). ICRA Lanka has taken a consolidated view on Lotus Hydro Power PLC and its subsidiaries...
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* Ratmalana Airport ready for leisure flying

Apr 11 (CP) Colombo- The Ratmalana Airport will be promoted as a Leisure Flying Center under the Government’s program to develop the Airport as a domestic aviation hub, Tourism Minister Prasanna Ranatunga said.
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* HNB renews partnership with Prime Group to offer special housing loans

Apr 11 (CP) Colombo- Sri Lanka’s most customer-friendly bank HNB PLC, renewed its partnership with Prime Group to provide customers with exclusive low-interest loans on properties offered by the real estate giant. The partnership will provide HNB customers exclusive access to the Group’s extensive portfolio of land, houses and apartments from March 24 to June 22, 2021.
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* Galadari Colombo awarded ‘SLIM People’s Hotel Brand of the Year 2021’

Apr 13 (Island) The Galadari Colombo was given a thumbs up from the people as the People’s Hotel Brand of the Year for the second time running at the recently concluded SLIM (Sri Lanka Institute of Marketing) People’s Awards 2021.
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* Advocata launches novel policy tool to track everyday food price changes

Apr 12 (Island) Advocata’s latest policy product tracks the average retail prices of a basket of goods and provides an indication of how much prices have changed over time. With the use of such tools, anyone including policymakers and politicians alike has access to track price
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* New Sri Lanka Tourism Authority on the cards

Apr 12 (DN) The silent scuffle between travel industry stakeholders and Sri Lanka Tourism erupted and came into the open with Tourism Minister Prasanna Ranatunga last week obtaining Cabinet approval to repeal the Tourism Act of 2005 and to draft a bill for a new Tourism Act.
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* Lanka’s IT export revenue could hit USD 10 billion – Softlogic chief

Apr 11 (SO) Sri Lanka’s IT industry export revenue could go up to even USD 10 billion per annum if the right focus and thinking are in place, Softlogic Holdings PLC Chairman Ashok Pathirage said.“We certainly could reach a higher target than USD 3 billion in IT exports revenue
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