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Last Updated = Fri, Aug 17, 2018, 12:40 pm SL Time

* Sri Lanka's manufacturing and services growth slows down in July 2018

Aug 17 (CP) Colombo- Both manufacturing and services sectors grew slowly in July 2018, compared to the previous month, while both sectors continued to expand albeit slowly, the Central Bank's Purchasing Managers' Index (PMI) Survey released for the month said.
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* ‘Packaging industry’s progress stifled by red tape’

Aug 17 (Island) The packaging industry in Sri Lanka has registered progress. But the industry’s future is retarded by incessant ‘red – tape’ imposed by some government officials who are not fully knowledgeable about the industry, keynote speaker at 'Lankapak 2018', Kithsiri Wijesundera said.
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* LAUGFS Gas Partners with Colombo City Centre

Aug 17 (DN) LAUGFS Gas has come into an exclusive arrangement with Colombo City Centre’s upcoming mall to provide LPG to all its restaurants and food outlets.
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* HNB Group records PBT of Rs. 14.1 billion in 1H 2018

Aug 16 (CP) Colombo- HNB Group has recorded Rs. 14.1 billion in Profit before Taxes (PBT) for the first six months of 2018, representing a 30.7% Year-on-Year (YoY) growth over the first half of 2017, while Group Profit after Taxes (PAT) rose 26.9% YoY to Rs. 9.6 billion.
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* Sri Lankan shares edge down; foreign investors sell John Keells

Aug 16 (Reuters) COLOMBO- Sri Lankan shares ended marginally weaker on Thursday, marking their fifth straight session of losses, as foreign investors sold market heavyweight John Keells Holdings amid global worries.
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* NCE conducts important forum on ‘Women to the fore in exports’

Aug 16 (Island) The main objective of the forum was to enhance participation of women entrepreneurs in business, especially in exports, in line with the stated policy of government to engage active participation of women in the economic development of the country
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* CSE’s Multi Currency Board to go live soon

Aug 16 (DN) The Colombo Stock Exchange (CSE) will introduce the proposed Multi Currency Board which will enable overseas companies to list and raise capital in US dollars in three months. The CSE is currently working with the regulator to obtain necessary approvals
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* New entrepreneurs to be trained in developing businesses under the 'Enterprise Sri Lanka' loan program

Aug 17 (CP) Colombo- Sri Lanka's Minister of Finance and Mass Media, Mangala Samaraweera on Thursday chaired a meeting between the Ministry of Finance, the Central Bank and the Heads of Bank of Ceylon, Peoples Bank and the Regional Development Bank to expedite the "Enterprise Sri Lanka" loan program.
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* Colombo Dockyard losses widen in 2Q

Aug 17 (DM) Sri Lanka’s largest shipbuilder, Colombo Dockyard PLC (DOCK), which operates in collaboration with Japan’s Onomichi Dockyard, saw its net losses widening during the April-June quarter (2Q18) amid rise in costs and slowdown in income from its main business activities—shipbuilding and repairing.
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* Profiles of Sri Lankan banks stable despite operating environment headwinds - Fitch Ratings

Aug 16 (CP) Colombo- Fitch Ratings maintains a negative banking-sector outlook for Sri Lanka in 2018 as operating conditions should remain challenging, which could put mild pressure on performance during the rest of 2018 and possibly 2019.
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* Sri Lankan rupee hits record low for secon

Aug 16 (Reuters) COLOMBO- The Sri Lankan rupee hit an all-time low for a second straight session on Thursday, as importers bought dollars amid fears the local currency could depreciate further tracking weakness in emerging-market currencies, dealers said.
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* Sri Lanka to ink agreement with China's Alibaba to attract more tourists

Aug 16 (Xinhua) The Sri Lankan Tourism Promotion Bureau (SLTPB) will ink an agreement with China's e-commerce giant, Alibaba's travel arm, Fliggy, to bring down 1,000 travelers weekly to Sri Lanka for expanding the island's growing tourism sector, local media quoted Tourism Minister John Amaratunga as saying on Tuesday.
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* New acquisitions weigh on Hemas 1Q bottom line

Aug 16 (DM) The recent new acquisitions weighed on the bottom line of the diversified conglomerate Hemas PLC during the quarter ended June 30, 2018 (1Q19), the interim financial accounts released to the Colombo Stock Exchange showed.
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