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Last Updated = Tue, Aug 4, 2020, 11:45 am SL Time

* SEC introduces framework for Real Estate Investment Trusts (REITs)

Aug 04 (CP) Colombo- In Sri Lanka, owing to spiraling property prices it is a challenge for average citizens to finance real estate investments. Therefore, a significant proportion of the population of Sri Lanka is unable to benefit from the value appreciation of property and infrastructure development.
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* WEG joins NCE to empower SME’s

Aug 04 (DN) Women Empowered Global (WEG), an organization dedicated to empowering women through education, leadership, career and entrepreneurial programs recently joined hands with the National Chamber of Exporters to empower SMEs and the export sector for sustainability, human capital development and women empowerment.
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* Sampath Bank helping Sri Lanka move in the right direction

Aug 03 (WF) It’s no secret that modern banking is very different from what it was 33 years ago, when Sampath Bank first opened its doors as a private commercial bank in Sri Lanka.
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* ComBank staff donates life-saving equipment to Theldeniya Base Hospital

Aug 02 (CP) Colombo- The District Base Hospital Teldeniya, currently a designated COVID-19 Treatment Centre, received essential medical equipment from a collection of a day’s salary spearheaded by the Association of Commercial Bank Executives (ACBE) to support worthy causes related to the pandemic.
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* Mount Clifford Residencies ‘redefine’ urban living in Homagama

Aug 03 (Island) Mount Clifford Residencies Homagama by International Construction Consortium (ICC) is set to redefine urban living in the new normal. Mount Clifford Residencies is structured and designed to allow residents to have a stress free lifestyle while reaping the benefits of vertical living.
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* Tourism SME issues not yet resolved successfully - ASMET President

Aug 02 (SO) Relief packages provided by the Government are enjoyed predominantly by the ‘big players’ in the industry while small and medium businesses continue to suffer, the newly elected President of the Association of Small and Medium Enterprises in Tourism, Sri Lanka (ASMET), M. B. Jayarathna said.
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* BUSINESSAirtel offers latest data package for users studying and working from home

Aug 04 (Island) Responding to Sri Lanka’s surge in data utilization due to the rising engagement in e-learning platforms, meetings and live streaming, Airtel Lanka announced the launch of its latest Study from Home (SFH) and Work from Home (WFH) data package.
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* Credit card spending gathers momentum

Aug 04 (DM) Credit card spending, a gauge for consumer spending of an economy, showed a robust increase in June, in a sign that the economic activities are gaining momentum faster than expected after the coronavirus sapped consumer spending, as people were forced to remain indoors for nearly two months.
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* Union Bank shows resilience in a challenging environment

Aug 03 (CP) Colombo- Union Bank recorded a resilient performance within the first six months of 2020 amidst many challenges triggered by the Covid-19 outbreak in Sri Lanka from March this year.
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* India, Sri Lanka Five-Time More Vulnerable to Crypto Hacks

Aug 02 (Crypto) Microsoft has published its annual security report, which talks about the latest cybersecurity threats in the world. In its findings, Microsoft notes that India and Sri Lanka are five times more likely to experience crypto mining hacks
[Full Story]

* Property market on the Colombo bourse

Aug 02 (ST) The Securities and Exchange Commission (SEC) is to enable the formation of Real Estate Investment Trusts (REITs) to be listed, sending its rules to the Government Printer on Friday to be issued as a gazette, officials said.
[Full Story]

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