EXCHANGE RATES (MIDDLE RATES)
US DOLLAR: RS. 300.02    UK POUND: RS. 412.30    EURO: RS. 353.96    JAPANESE YEN: RS. 2.08    INDIAN RUPEE: RS. 3.50    AUSTRALIAN DOLLAR: RS. 197.11


RETAIL SECTOR

Burberry, the luxury British fashion house, announced Thursday a rise in annual net profit on lower restructuring costs; but its share price frayed on sluggish Asian sales, notably in China.
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COUNTERTERRORISM

Sri Lanka will be one of the first confirmed beneficiaries of the UN’s Countering Terrorist Travel Programme, which was launched on 7 May and is largely funded by the Netherlands.
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CITY ECONOMY

A new study by the Asian Development Bank (ADB) reveals that the lack of transparency and citizen participation in governance is hindering development
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