Today’s Front Page 30-07-2011
Amana opens first Islamic bank in Sri Lanka
Amãna Bank, Sri Lanka’s first licensed commercial bank to operate fully under the principles of Islamic banking, had its official opening yesterday, whilst it will be open for business on Monday.
Govt. inhales Rs. 5.1 b extra from fags
Ceylon Tobacco contributes Rs. 30.6 b to State coffers in six months
1H after tax profit up Rs. 900 million to Rs. 2.6 b
Ceylon Tobacco Company said yesterday it has contributed Rs. 30.6 b to Government revenue in the first half of 2011, up by Rs. 5.1 b over last year.
SLIC and Browns sign up to boost agriculture
By Cheranka Mendis
One of Sri Lanka’s largest conglomerates, Brown and Company yesterday signed up with the country’s insurance giant Sri Lanka Insurance Corporation (SLIC) to offer greater convenience to the agro sector of the country.
The merger stands for a unique comprehensive insurance package for four-wheel owners, specifically TAFE customers.
Stocks at three-week high on earning hopes
* Index up on high turnover, volume on hopes of SEC rule change
* Foreign outflow at Rs. 407.6 m
* Rupee firmer, ending nine straight sessions
Reuters: Sri Lanka’s bourse jumped 2.9 per cent on Friday to a three-week high on high turnover and volumes, sparked by hopes of good quarterly earnings and rumours the Securities and Exchange Commission (SEC) may roll back plans to end margin trading.
Transport gives Sri Lanka July inflation surprise rise
* Inflation surprisingly up in July despite improved supply
*Inflation under control; rise is not a concern, says CB
*Annual average inflation peaks; core inflation rises
COLOMBO (Reuters): Sri Lanka’s annual inflation surprisingly picked up in July from a year earlier as higher transport costs overwhelmed an improved domestic agricultural supply, putting pressure on the island nation’s accommodative monetary policy.
Flemingo awarded duty free contract at BIA
By Shezna Shums
Flemingo Group has been awarded a contract to open a 6,000 sq feet duty free shop at the Bandaranaike International Airport (BIA), giving competition for the estimated US$ 55 million revenue from travellers.
India privileged to be a partner of Maldives: Krishna
ANI: External Affairs Minister S.M. Krishna has said that India is privileged to be a partner of Maldives, in their quest to craft a more harmonious and prosperous society.
Mobilising commitment to tackle NCDs in Sri Lanka
By Shezna Shums
Sri Lanka records one of the biggest burdens of deaths in the South Asian Region in relation to Non Communicable Diseases (NCD).
The Ministry of Health earlier this week organised a presentation on mobilising commitment and action to address NCDs in Sri Lanka.
Nestlé to introduce breakthrough child nutrition innovation to Sri Lanka
Nestlé is all set to launch their latest state-of-the-art scientific nutrition innovation in the country, where Sri Lankan mothers and children will soon have access to cutting edge nutrition products.
The super premium product is developed by the Nestlé Research Centre (NRC) in Lausanne, Switzerland, one of the world’s leading research institutions in food, nutrition and life sciences.
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