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Last Updated = Sun, Mar 7, 2021, 01:03 pm SL Time

* John Keells Properties partner as silver sponsor for a charity golf tournament by Rotary Metro at the RCGC

Mar 07 (CP) Colombo- On 13 March, 150 golfers will tee off at the Dialog Enterprise Rotary Metro Par 3 Golf Classic where John Keells Properties will be the Silver Sponsor this year. Proceeds from the tournament will benefit charities and community development projects managed by the Rotary Club of Colombo Metropolitan.
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* Kelanitissa Power Plant’s 18-month breakdown incurs Rs. 25 bn loss

Mar 07 (ST) Sri Lanka’s electricity shortage has become increasingly severe with declining hydro-power output owing to a prevailing drought combined with an over 18-month break-down at the 154 MW Kelanitissa Combined Cycle Power Plant causing a massive loss of over Rs.25 billion to the state.
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* PM opens DAG Apparel Garment Factory in Monaragala

Mar 06 (CP) Colombo- Prime Minister Mahinda Rajapaksa Saturday opened the DAG Apparel Garment Factory in Moneragala. DAG Apparel (Pvt) LTD has set up this new garment factory with an investment of Rs. 500 million. It has created 600 direct jobs
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* Dialog Axiata revolutionizes digital payment acceptance for small business owners with LANKAQR

Mar 06 (CP) Colombo- eZ Cash, Sri Lanka’s Largest Mobile Money platform has enabled instant access for small businesses to accept contactless and remote payments using LANKAQR. Small business and self-employed persons such as retailers, street vendors, three wheelers etc. with a Dialog mobile number can now download the eZ Cash app
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* CSE organizes Family Business Forum themed ‘Founder to Family’

Mar 05 (CP) Colombo- The Colombo Stock Exchange (CSE) in collaboration with the Securities and Exchange Commission (SEC) is hosting the inaugural Issuer Forum for 2021 on the theme ‘Founder to Family - Leveraging Going Public’, at the Shangri-La Hotel Colombo on 16th March 2021 from 5.30 p.m. onwards.
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* Norfund to Invest up to 9.99% in National Development Bank PLC

Mar 05 (CP) Colombo- The Norwegian Development Finance Institution, Norfund, have reached an agreement with Sri Lanka’s National Development Bank PLC (NDB for Norfund to invest up to 9.99% in NDB.
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* Central Bank launches the First-ever National Financial Inclusion Strategy of Sri Lanka

Mar 05 (CP) Colombo- Central Bank of Sri Lanka announced the launch of the first-ever National Financial Inclusion Strategy (NFIS) of Sri Lanka on March 4, 2021. Symbolizing the launch Governor of the Central Bank Deshamanya Professor W D Lakshman presented the NFIS strategy to Minister of Finance and Prime Minister Mahinda Rajapaksa yesterday,
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* Moose Clothing Company wins award at SLIM Brand Excellence 2020

Mar 06 (Island) Moose Clothing Company clinched their first bronze award for “Best New Entrant Brand” category at the recently held SLIM Brand Excellence Awards 2020.
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* CBSL to pursue economic growth, investment promotion

Mar 06 (DN) Sri Lankan economy is still recovering from the downturn caused by the COVID- 19 pandemic. In such a situation, it is important to take the economy out of COVID-19 pandemic situation and subsequently work towards the growth of the economy and investment promotion
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* China - Sri Lanka FTA would boost trade - EDB Chief

Mar 05 (DN) A Free Trade Agreement (FTA) with China would boost Sri Lanka’s efforts to diversify its export market base, a senior government official said. “If a FTA is signed with China, it would tremendously assist us in diversifying the narrow export market base
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* PSPI emerge victorious in Agriculture Value Added Sector at the NCE Export Awards 2020

Mar 07 (Island) Pulses Splitting and Processing Industry Pvt Ltd (PSPI), a leading grains and pulses splitter and processor in Sri Lanka, emerged winner at the recent 28th Annual NCE Export Awards 2020
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* Plans finalised to export cinnamon cigarettes

Mar 07 (SO) The export sector is to receive a fresh boost with plans to export the first consignment of cinnamon cigarettes shortly, according to sources. All preparations in this regard have been finalised and the first volume is to be shipped soon.
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* HNB launches specialized banking unit at KDU University Hospital

Mar 06 (CP) Colombo- Expanding its ability to serve an even broader spectrum of customers, Sri Lanka’s largest retail bank HNB PLC opened a specialized banking unit at the newly-established University Hospital Kotelawala Defense University (UHKDU), Werahera.
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* ComBank launches QR-based payment acceptance with UnionPay International

Mar 06, Colombo: The Commercial Bank of Ceylon has announced that it has collaborated with UnionPay International (UPI) to enable QR code payment acceptance in Sri Lanka, enhancing the payment experience of UnionPay QR Wallet holders.
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* Sri Lankan shares end higher on industrial, financial boost

Mar 05 (Reuters) Sri Lankan shares snapped a four-day losing streak on Friday, helped by gains in industrial and financial stocks. The benchmark stock index gained 0.75% to end at 7,054.49.
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* Twin awards for SriLankan Airlines in Singapore

Mar 05 (CP) Colombo- The Changi Airport Group in Singapore recognized SriLankan Cargo with a “Cargo Service Excellence Award” at a ceremony during the ‘Let’s Talk Cargo 2021’ conference held recently in Singapore.
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* WindForce launches LKR 3.2 billion IPO to boost Renewable Energy in Sri Lanka and abroad

Mar 05 (CP) Colombo- WindForce Limited, the pioneers in the growth and supply of renewable energy in Sri Lanka, has announced an Initial Public Offering (lPO) that aims to raise Rs.3.24 billion to fund its strategic expansion and growth in the renewable energy sector.
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* Crisis brewing in tea industry

Mar 06 (DM) A crisis is looming in the tea industry with plantation companies considering various options after being forced to agree to a Rs. 1,000 daily wage. The Daily Mirror learns that plantation companies are considering multiple options including legal action after the Wages Board decided to grant Rs. 1,000 as a daily wage to estate workers.
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* Tile importers and manufacturers discuss industry’s way forward with Treasury Secy.

Mar 05 (DM) Treasury Secretary S.R. Attygalle on March 1 met with members of Tile Importers Association and local tile manufacturers to discuss the industry’s way forward. Currently, the government has imposed stringent restrictions on tile and bathware imports
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