Govt plans to allow eight companies to provide fuel to ships at Port (bunkering) under equal conditions-Min Nimal Siripala in parliament-JNW

SriLankan Airlines says high fuel cost led to group operat’l loss of Rs588m Yr to March; net profit Rs4.9b on sale & leaseback of 3 aircraft-JNW

Dialog group net profit down 66% to Rs1.64 b in 6-months to June vs Rs4.8b same period ‘07.
June quarter net profit down 78%, rev +13%-release-JNW

In parliament, MPs In UNP, JVP & NFF say they are opposed to proposed CEPA trade & services agreement with India-reporter-JNW

Sri Lanka Telecom group net profit for 6 months to June up 25% to Rs3.2 bil compared with Rs2.5 bil during same period last year-release-JNW

Govt & World Bank sign USD22 mln soft loan to support census & AG depts-WB.
Janashakthi shares close at Rs11 down 8.3% from IPO price-JNW

Janashakthi Insurance Co shares open trade on stock exchange at Rs13.50 after initial public offer at Rs12/share on June 16-SC Securities-JNW

Dhammika Perera has been appointed to board of Hayleys as a director, says his Investment Advisor Nimal Perera-JNW

Iran, Denmark, India & ADB lead aid commitments made to Sri Lanka so far this year.
ADB, Japan tops aid disbursement-Finance Min report-JNW

To view the Finance Ministry Mid-Year Fiscal Report click here

Oil could see record levels again this week.
US crude rose above USD147 & closed USD144.9 with tension over Iran’s nuclear program-report-JNW

Six million pieces of garments to be given duty free access to Indian market under CEPA Indo-Lanka trade deal-Min Export Development-JNW

TRC issues guidelines to curb illegal use of mobile & CDMA phones.
Includes need for users to have proof of SIM ownership-Info Dept, papers-JNW

To read an Information Dept report click here

NDB Bank buys Bank of Ceylon’s 24% stake in CDIC for Rs1.2 bil, increases its holding in CDIC to 99%-First Guardian Equities-JNW

Tourism, finance & air services to get more access to Indian market with Indo-Lanka CEPA trade deal to be signed during SAARC-IPS economist-JNW

To read an Information Dept report click here

Global BPO company WNS to spend USD230mil buying UK insurer Aviva’s business process outsourcing BPO units in India, Sri Lanka-Economic Times-JNW

US Silvermere Hospitals signs agreement with BOI to build 128-bed hospital at $124mil cost in Peliyagoda, to be opened in 2010-reporter-JNW

In FR filed by Seylan Bank director, Sup. Court directs that 3 more years be given for banks to extend director retirement age to 73-lawyer-JNW