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Headlines - 30th July 2018

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Sri Lanka Economic Summit 2018 Registrations now open 

The country’s foremost economic event – Sri Lanka Economic Summit 2018 will be held for the 18th time on the theme, ‘On the Fast Track to a Turnaround”. This event organized by the Ceylon Chamber of Commerce, is to take place on September 13 – 14, 2018 at Cinnamon Grand Colombo.

 

Forum for CEOs on Key Features of GDPR in Context of Cyber Security on August 7 - Ceylon Chamber

The breakfast forum – “A CEO’s Guide to GDPR” being held on August 7, 2018 at Jetwing Colombo Seven, offers the opportunity to hear from industry leaders as to what steps they have taken to be compliant to the E.U General Data Protection Regulation.

 

Ceylon Chamber chief debunks Sri Lanka’s China phobia – EconomyNext

China’s Belt and Road Initiative (BRI) trade and infrastructure initiative and investments in Sri Lankan ports could be seen as an opportunity and not necessarily a threat, the head of the island’s biggest business chamber said.

 

China proposes gold exchange in Sri Lanka – EconomyNext

China has proposed setting up an international gold exchange and a gem and jewellery hub in Colombo, Sri Lanka with an investment of 30 million US dollars, the Sri Lanka's Ministry of Industry and Commerce said Thursday.

 

Rs. 1.2 b Colombo grid substations contract to South Korean firm – DailyFT

The Government has received Cabinet approval to award the contract for the construction of Colombo grid substations to Seoul-based South Korean conglomerate Hyosung Corporation.

 

Docs threaten indefinite strike from Friday – The Island

The Government Medical Officers’ Association (GMOA), yesterday, announced that it would stage a countrywide strike starting from Aug. 03 over nine demands and in protest against the failure of 89 children of government doctors to secure admission to national schools, for the last seven months.

 

Sri Lanka among top five fastest growing tourism markets - DailyFT

GlobalData has ranked Sri Lanka as the fourth fastest growing tourism market in the world. Iceland, Japan, Hungary, Sri Lanka and Chile have been listed as the top five fastest growing tourism markets in the world for the period between 2017 and 2021.

 

Better air connectivity will boost Eastern Province economy - PM – Daily News

Better air connectivity was needed to boost tourism and the Eastern Province economy, Prime Minister Ranil Wickremesinghe said yesterday, predicting that the East will soon get a new domestic air service.

 

SL to get 36 new cinemas by 2023 – DailyFT

Sri Lanka will see 36 new film screens opening in the next five-years with the most advanced technologies and upgraded consumer experience, a top investor in the local film industry confirmed.

 

ASPI fails to retain momentum – Daily News

The Bourse ended the week on a negative note as the ASPI decreased by 37.18 points (or -0.60%) to close at 6,153.99 points, while the S&P SL20 Index also decreased by 40.06 points (or -1.18%) to close at 3,360.37 points.

 

Foreign selling in rupee bonds picks up to ten-week high – DailyFT

The winding down of the foreign holding in rupee bonds was seen gathering momentum for the week ending 25 July, as it increased to a 10-week high of Rs. 4.61 billion to record an accumulative outflow of Rs. 35.96 billion over the past 13 consecutive weeks, commencing 2 May.

 

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