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Last Updated = Sat, Jul 22, 2017, 01:09 pm SL Time

* Startup X Foundry steals the show at Disrupt Asia 2017

July 22 (CP) Colombo- Showcasing three outstanding new startups in acceleration as its launch ventures, StartupX Foundry stole the show at Disrupt Asia 2017, held at Hilton Colombo on the 12th of July.
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* DIMO Overall Gold Winner in CMA Excellence in Integrated Reporting Awards

July 22 (DM) The third‘CMA Excellence in Integrated Reporting Awards –2017’awards presentation ceremony was held on 17th of July at Cinnamon Lakeside, Colombo
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* Sri Lanka nationwide inflation declines to 6.3 percent in June 2017

July 21 (CP) Colombo- Sri Lanka's nationwide inflation in June 2017 determined under the National Consumer Price Index (NCPI) declined to 7.1 percent from 8.4 percent recorded in May 2017, on a year-on-year basis, the Department of Census and Statistics reported on Wednesday.
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* Sri Lankan shares post over 1-month closing low; blue chips lead

July 21 (Reuters) COLOMBO- Sri Lankan shares fell for an eighth session in nine in thin trade on Friday and posted a more than one-month closing low, with blue chips leading the losers.
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* Decline in blue chip stock prices triggers selling pressure

July 21 (Island) The decline in prices of certain blue-chip stocks including Lanka Lubricants, JKH and Ceylon Tobacco Company had brought selling pressure on investors yesterday at the Colombo Stock Exchange (CSE), thus enabling it to touch the Rs. 1.005 billion turnover mark.
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* ‘Indirect tax needs slicing to 60%’

July 21 (DN) Over 80% of Sri Lanka’s tax revenue is collected via indirect taxes and this should be brought down to 60% soon, said State Minister of Finance Eran Wickramaratne.
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* State minister in effort to reassure CSE investors

July 22 (Island) Once the new Inland Revenue Bill is passed it would create a stable environment for any investor to invest in the Colombo Stock Exchange without fear or doubt, State Minister for Finance Eran Wickramaratne said.
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* Lankan businessmen should strive to negate imbalanced trade

July 22 (DN) Malaysian High Commissioner to Sri Lanka Wan Zaidi Wan Abdullah invited the Sri Lankan business community to further explore emerging trade and investment opportunities
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* FACETS 2017 set to showcase the best of Sri Lanka's Gem & Jewelry Industry

July 21 (CP) Colombo- The Sri Lanka Gem & Jewelry Association announced the launch of the 27th edition of the FACETS International Gem & Jewelry Exhibition, on the 19th of July at a press conference held at the OZO in Colombo.
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* New Sri Lanka tax bill aims to widen tax net, cut indirect taxes

July 21 (Reuters) COLOMBO- Sri Lanka's new tax bill, demanded by the IMF as a condition for a third tranche of aid disbursed this week, will seek to ensure that all citizens pay direct taxes and cut indirect taxes, top finance ministry officials said on Friday.
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* SL Customs becomes fully automated with new online payment platform

July 21 (DM) Sri Lanka Customs yesterday moved a step forward and became a fully-automated agency with the much-anticipated online payment platform going live.
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