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Last Updated = Thu, Jan 28, 2021, 11:21 am SL Time

* Nestlé receives SLSI ‘COVID-19 Safety Management System’ certification

Jan 28 (CP) Colombo- Nestlé is one of the first F&B companies in Sri Lanka to receive the new “COVID-19 Safety Management System” certification by the Sri Lanka Standards Institution (SLSI).
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* ECT: Transshipment business will collapse if SL fails to join India

Jan 28 (DM) If Sri Lanka fails to join the Indian conglomerate, Adani Group of Companies to develop the East Container Terminal (ECT) at the Port of Colombo (POC), there is a strong possibility of India pulling out from the trans shipment business from the POC and thereby the ECT missing its main target of developing and upgrading it, Money, Capital Market and State Enterprises Reforms Minister Ajith Nivard Cabraal said yesterday.
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* JKH Group revenue and EBITDA, excluding leisure, increases by 5 percent

Jan 27 (CP) Colombo- Despite the isolation measures adopted by the authorities due to the second wave of the COVID-19 outbreak in early October 2020, which caused a slowdown in business activity and dampened consumer sentiment, the subsequent gradual easing of restrictions enabled the businesses across the Group to recover to near normal levels by December, with the exception of Leisure.
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* Sri Lankan shares hit record high as financials gain

Jan 27 (Reuters) Sri Lankan shares bounced back to close at a record high on Wednesday, led by gains in financial and industrials stocks as the nation prepares for a vaccination drive against COVID-19.
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* Webinar on cooperation between ICT sectors of Sri Lanka and Viet Nam

Jan 27 (CP) Colombo- The Embassy of Sri Lanka to Viet Nam, in association with the Export Development Board (EDB) organized a virtual meeting on 21 January 2021 to explore cooperation potential in the ICT sectors of Sri Lanka and Viet Nam.
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* ComBank supports Colombo launch of CBSL campaign to promote LANKAQR

Jan 26 (CP) Colombo- The Commercial Bank of Ceylon extended its wholehearted support to the Colombo launch last weekend of the Central Bank’s initiative to promote cashless digital payments via LANKAQR, the national Quick Response (QR) Code platform.
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* Sri Lanka Insurance posts a staggering revenue of Rs. 55.2 billion during 2020

Jan 27 (Island) Amidst the turbulent and challenging year Sri Lanka Insurance has closed year 2020 on a positive note recording phenomenal revenue growth with exceptional service innovations.
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* SLT-Mobitel gears for pre-commercial 5G launch by mid-year

Jan 27 (DM) State-controlled Sri Lanka Telecom (SLT) group is preparing for pre-commercial launch of 5G services mid-year under SLT-Mobitel brand while awaiting spectrum allocation for the commercial launch next year.
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* Low bank interest rates encouraging people to invest in bourse – top CSE official

Jan 26 (Island) Low bank interest rates are encouraging people to invest in the CSE. This has resulted in a boom in the market, a top CSE official said. “Today, the total bank deposit amounts to Rs. 10 trillion and most people are looking at investing their funds
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* Mobitel willing to co-operate on a cashless world

Jan 26 (DN) Mobitel is willing to cooperate with other industry stakeholders to bring about a society with lower cash usage. Infrastructure connectivity and non-recognition of other payment services have impeded the increased usage of digital payments.
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* ‘IIHS provides global education, granting students a passport to the world’

Jan 28 (Island) International Institute of Health Science (IIHS), has unceasingly and skillfully navigated through the deep waters to elevate the levels of private tertiary education to amazing heights in the country.
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* Kazakhstan’s flag carrier Air Astana to Mattala

Jan 28 (DN) With tourism opening up, Air Astana the flag carrier of Kazakhstan, based in Almaty will launch direct flights to Mattala Rajapaksa International Airport soon. The airline will first operate charter flights starting from February 6 to MRIA and then will launch scheduled flights.
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* What investors want to know: Impact of Sri Lanka National Scale Recalibration on Bank Ratings

Jan 27 (CP) Colombo- Following Fitch Ratings’ downgrade of Sri Lanka’s sovereign rating to ‘CCC’ from ‘B-’ on 27 November 2020, the Sri Lankan National Rating scale was recalibrated to reflect changes in the relative creditworthiness among Sri Lankan issuers.
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* New garment units to be opened in Sri Lanka’s Anuradhapura

Jan 27 (F2F) Garment factories will be established in several divisional secretariats of Sri lanka’s Anuradhapura district to address youth unemployment issue there, according to the country’s irrigation minister Duminda Dissanayake, who is the member of parliament from the district.
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* CSE offers guidance to stockbroker firms on best practices and market surveillance

Jan 26 (CP) Colombo- In consultation with the Securities and Exchange Commission of Sri Lanka (SEC), the Colombo Stock Exchange (CSE) has issued a set of guidelines on best practices for Stockbroker Firms which are required to be adopted and implemented with immediate effect.
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* Fitch revises 9 Sri Lankan financial institutions’ ratings on recalibration; 2 downgrades

Jan 2 (CP) Colombo- Fitch Ratings has revised the National Long-Term Ratings of Sri Lankan financial institutions following the recalibration of the agency’s Sri Lankan national rating scale.
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* Construction boom to loom soon

Jan 27 (DN) The lull in the apartment sector will pick up while the construction boom which was evident six years ago will re commence despite the economic downturn from the COVID-19 pandemic, President, Chamber of Construction Industry (CCI) Eng. Maj. Ranjith Gunatilleke said.
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* Sri Lankan shares slip from record highs, consumer staples weigh

Jan 26 (Reuters) Sri Lankan shares closed lower on Tuesday after hitting record highs earlier in the session, weighed down by industrials and consumer staples companies.
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* SPC saves over Rs.1bn by snubbing emergency drug purchases

Jan 26 (DM) State Pharmaceutical Corporation (SPC) has saved at least Rs.1.1 billion during 2020, due to the avoidance of emergency drug purchases, a common practice widely used by the state-owned manufacturer and distributor of medicinal drugs.
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