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Last Updated = Mon, May 10, 2021, 12:02 am SL Time

* SLT-MOBITEL partners STEMUP for ‘Hack:bit 2020’

May 09 (CP) Colombo- SLT-MOBITEL, the National ICT and Mobile Services Provider partnered with STEMUP Educational Foundation to conduct Hack:bit 2020, a virtual inter-school and inter-university nationwide hackathon with the aim of inspiring creativity amongst Sri Lankan youth.
[Full Story]

* Payment of additional compensation to the depositors of Swarnamahal Financial Services from Monday

May 08 (CP) Colombo- The Central Bank of Sri informed the eligible depositors and relevant legal beneficiaries of eligible deposits of Swarnamahal Financial Services PLC (SFSP) that the payment of additional compensation under the Sri Lanka Deposit Insurance and Liquidity Support Scheme will commence from Monday, May 10 onwards.
[Full Story]

* Sri Lankan shares end higher to post first weekly gain in three

May 07 (Reuters) Sri Lankan shares closed higher on Friday, for a third straight session, boosted by gains in industrial and financial stocks.
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* SEC to Showcase Sri Lanka as an attractive destination for foreign portfolio investment

May 07 (CP) Colombo- The Colombo Stock Exchange (CSE) has performed exceptionally well in the past 12 months with the All Share Price Index (ASPI) appreciating more than 55% and the S&P SL 20 Index appreciating more than 44%.
[Full Story]

* Govt. reviews blanket ban on chemical fertiliser

May 09 (ST) The Finance Ministry has issued a gazette that, without completely banning the import of all agrochemicals, allows for some items to be brought in after May 6 this year subject to special import licence regulations.
[Full Story]

* Craft a farming mentality to tea – Dilmah Founder

May 08 (DN)Dilmah Founder Merril J Fernando noted that in the agricultural business a farming mentality would deliver better results than a trading mentality.Fernando made these comments at a Questions and Answer session when he celebrated his 91st birthday with the broader Dilmah family yesterday.
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* SIASL accuses CEB of trying to cripple solar power industry

May 07 (DM) The Solar Industries Association of Sri Lanka (SIASL) is charging that the Ceylon Electricity Board (CEB) is attempting to cut solar power generation of new rooftop solar power projects on commercial establishments by as much as 50 percent while the country’s solar industry is struggling to survive through a crisis period due to the sharp depreciation of the rupee against the US dollar.
[Full Story]

* Sri Lanka: New Commission To Govern Colombo Port City Soon – Analysis

May 09 (ER) The Sri Lankan Supreme Court’s determination on the proposed Colombo Port City Economic Commission Bill will be placed before the parliament on May 18, paving way for the legal act to establish the Commission, with an amendment in accordance with the judiciary’s verdict.
[Full Story]

* ComBank wins ‘European Quality Award’ from Europe Business Assembly, UK

May 08 (CP) Colombo- The Commercial Bank of Ceylon has been presented the ‘European Quality Award’ by the Europe Business Assembly of Oxford, UK, which is an international corporation that encourages economic and social development on a global level.
[Full Story]

* DFCC Bank partners with Visa for Micro Merchant transactions

May 07 (CP) Colombo- DFCC Bank, with the aim of being the most customer-centric and digitally-enabled bank in the years to come, recently partnered with Visa to facilitate digitally driven, cost-effective transactions at Micro Merchant Businesses and increase card acceptance among Micro Merchants in Sri Lanka.
[Full Story]

* Rupee devaluation, high shipping rates hurt tea prices at Colombo auctions

May 09 (Island) The Sri Lankan rupee weakening against the US dollar coupled with surging shipping rates reflected adversely on tea prices at the Colombo auctions. This contributed to regressive price trends in Colombo, Forbes & Walker (F&W) said in its weekly Tea Market report.
[Full Story]

* Central Govt debt rose to 101% of GDP last year - CB

May 09 (SO) Reflecting the expanded budget deficit and resultant large financing requirements as well as the contraction of GDP, the outstanding central government debt rose to 101.0 percent of GDP at end 2020, from 86.8 percent of GDP at end 2019
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* Singer and MSI to support passionate gamers and creators reach new heights

May 07 (Island) The gaming industry in Sri Lanka has witnessed exponential growth with casual gaming enthusiasts, professionals, game developers and graphic designers, all seeking cutting edge technology to fuel their passion and make the most of the growing opportunities.
[Full Story]

* MRIA secures Rs. 500 mn revenue, attracts 687 flights in Q1 2021

May 07 (DN) The Mattala Rajapaksa International Airport (MRIA) has been able to secure revenue in excess of Rs. 500 million in the first three month of operations in 2021. By March 31, 687 flights had operated from the Mattala Airport
[Full Story]

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