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HEADLINES - 27th September 2018


LP gas distributors request margin increase Warns of a distribution crisis – Ceylon Today

LP Gas Distributors Association of Sri Lanka (LPGDASL) warned of a distribution crisis if distribution margins were not increased immediately to adjust for increasing finance and operational costs in the industry.


Motorcar registrations steady in August defying higher duties, fuel prices – Daily Mirror

Motorcar registrations remained steady in August despite the higher duties kicking in at the beginning of the month as buyers appeared to have remained unfazed at the higher vehicle prices in return for some added comfort and the glamour of owning a personal vehicle. 


Innovation and Entrepreneurship Strategy to be tabled in Cabinet in two weeks – Daily Mirror

Development Strategies and International Trade Minister Malik Samarawickrama is likely to present the ‘Innovation and Entrepreneurship Strategy (IES) of Sri Lanka 2018-2022’ to the Cabinet in two weeks.


President urges int’l community to look at Sri Lanka with a fresh perspective – DailyFT

President Maithripala Sirisena called upon the international community to look at Sri Lanka with a fresh perspective and consider the tremendous progress made by the Government towards reconciliation, restoration of democratic freedoms, human rights and the rule of law and extend the fullest support to the build a progressive, democratic, free and equal society.


USA to provide $480M grant to Sri Lanka – Ceylon Today

The United States will provide a US$ 480 million grant to Sri Lanka for several development projects, the President’s media division said on Tuesday. This was assured to President Maithripala Sirisena by the US Government-owned Millennium Challenge Cooperation’s (MCC) Chief Operation Officer, Brock Bierman on Monday (24), when he called on the President at the Lowes Regency Hotel in New York.


Sri Lanka to conduct awareness programmes on trade policy, FTAs – Ceylon Today

Sri Lanka will conduct awareness programmes on trade policy and free trade agreements (FTAs) for trade unions, business chambers and professional bodies, the Ministry of Development Strategies and International Trade has said.


Rupee hits fresh low; CB intervention caps fall – DailyFT

Reuters: The Sri Lankan rupee hit a fresh low of 169.05 on Wednesday on importer dollar demand, while intervention by the central bank limited the fall, market sources said.


CSE indices move-up on PM's statement – The Island

The Colombo Stock Exchange (CSE) indices moved up yesterday. The All Share Price Index moved by 56.71 points and S and P SL20 was up by 42.44 points, market sources said. It is said that stocks opened flat Wednesday on buying interest in Dialog Finance, while short-term gilt yields edged higher on thin volumes and the rupee was quoted marginally weaker, market participants said.


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