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http://colombobusiness.com/news.php?NewsID=103

Accenture enters Sri Lanka's outsourcing sector with Brandix

Accenture, a multinational management consulting and outsourcing company is teaming up Sri Lanka's Brandix to provide services focussing on the global apparel retail sector.

http://colombobusiness.com/news.php?NewsID=102

Sri Lanka-based MillenniumIT wins Singapore Exchange deal

Sri Lanka based MillenniumIT, a unit of London Stock Exchange has won a deal to provide post trade processing and depository services to the Singapore Exchange.

http://colombobusiness.com/news.php?NewsID=99


Sri Lanka Shangri La hotel to start building in October

A 450 million US dollar project by Hong Kong based Shangri La in Sri Lanka\'s capital Colombo will begin construction by end October investment promotions minister Lakshman Abeywardene said.

http://colombobusiness.com/news.php?NewsID=98

Sri Lanka stocks flat, rupee steady

Sri Lanka stocks were flat Thursday with interest in diversified companies and some speculative trading, brokers said, while the rupee was steady in forex markets, dealers said.

The benchmark Colombo All Share Price Index (ASPI) closed 2.54 points higher at 5,786.16, up 0.04 percent, provisional data showed. The S&P SL20 closed 13.61 points higher at 3,219.09, up 0.42 percent.

http://colombobusiness.com/news.php?NewsID=97

Sri Lanka Bank of Ceylon to sell Rs8.0bn in debt

Sri Lanka's state-run Bank of Ceylon is to raise 8.0 billion rupees through subordinated debt, Fitch Ratings said giving a rating of 'AA(lka)', one notch below its national rating.

http://colombobusiness.com/news.php?NewsID=96

Sri Lanka tourist arrivals up 26-pct in Aug; India, China surge

Sri Lanka's tourist arrivals surged 16.1 percent in August 2013 from a year earlier to 100,224, with India, Germany and China surging, official data showed.

Arrivals up to August were up 14.3 percent to 711,446.

Indian arrivals, the largest source market, rose 29.2 percent to 14,528 in August showing strong growth for the second month in a row after bucking a near two year trend in lackluster performance.

Arrivals were up despite a weaker Indian rupee, which could indicate that other destinations, where greater distances are involved, have become even less affordable, analysts say.

http://colombobusiness.com/news.php?NewsID=95

Sri Lanka John Keells Holding in cash call

Sri Lanka’s John Keells Holdings said it will sell two shares at 175 rupees for every 13 existing share to raise money for an integrated resort project.
Each subscribed rights will also carry a two warrants. A warrant will be given for every three subscribed rights, allowing the holder to buy an ordinary share at 185 rupees, two year after its issue.
The second warrant will allow the rights holder to buy an ordinary share at 195 rupees three years after the issue date.

Sri Lanka's central bank liquidity facility for finance companies

Sri Lanka's central bank said it will provide liquidity to troubled finance company, to boost confidence on conditions including cutting costs, shareholders agreeing to bring capital and converting deposits to shares.

The liquidity facility would come via the Sri Lanka Deposit Insurance Fund, after assessing each licensed finance company.
The Central Bank said it may ask shareholders to infuse capital, or invite a strategic investor and in certain instances, direct the depositors to convert a part of their deposits into ordinary shares.

http://colombobusiness.com/news.php?NewsID=92

Sri Lanka equities on show in Hong Kong

Eleven Sri Lanka-listed companies and top financial sector officials will meet investors in Hong Kong Monday to draw more investment to the country.

http://colombobusiness.com/news.php?NewsID=91

Sri Lanka offered hi-tec dairy farm by Dutch firm

A Netherlands based company has offered to set up a hi-tec dairy farm with processing facilities with high yield milch cows, provided suitable land with fresh water is made available, officials said.

http://colombobusiness.com/news.php?NewsID=90
Sri Lanka inflation up 6.3-pct in August

Sri Lanka's inflation measured in the capital Colombo rose 6.3 percent in the 12-months to August up from 6.1 percent in July, though prices fell during the month, the state statistics office said.