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Last Updated = Tue, Mar 3, 2015, 01:25 am SL Time

* Bajaj Auto exports to Sri Lanka down this year, expects to normalize in March

Mar 02 (CP) Mumbai- India's Pune-based Bajaj Automobile Company said its exports to Sri Lanka was down this year and described it as an acute situation attributed to the change in government in the country.
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* Sri Lankan government to revive investigations into allegations of stock market manipulations

Mar 02 (CP) Colombo- The Sri Lankan government has decided to revive the investigations into allegations of stock market manipulations during the previous regime. Deputy Policy Planning and Economic Affairs Minister, Dr. Harsha de Silva has said that investigations carried out into alleged stock market manipulations during the previous regime will be revived.
[Full Story]

* India's Krrish Group likely to recommence controversial Colombo project with new Sri Lankan government

Mar 01 (CP) Colombo- India's Krrish Group is likely to recommence its long delayed and controversial project in Colombo under the new government. Officials from the Krrish Group who were in Sri Lanka last week have expressed interest in working with the new government on the multimillion rupee Krrish Transworks Tower project in Colombo Fort.
[Full Story]

* Amari Galle breaks ground in Sri Lanka

Mar 02 (BTN) Thailand-based ONYX Hospitality Group marked a key development in the expansion of its Amari brand with a ground breaking ceremony to mark the start of construction of the third ONYX project in Sri Lanka; Amari Galle.
[Full Story]

* Welfare card from MAS Holdings

Mar 02 (DN) A smart card capable of carrying out multiple functions for a smooth and efficient employee welfare program with an “intelligent” chip embedded protocol system that can carry out complex programs and solutions from production related processes to vehicle tracking and employee management systems in the apparel sector has been introduced by MAS Holdings.
[Full Story]

* Central Bank to move Supreme Court to take over GK management

Mar 01 (Island) The Central Bank will be moving the Supreme Court (SC) to take over the management of the failed Golden Key and formulate a mechanism to reimburse depositors, a high-ranking official of the regulatory body said yesterday.
[Full Story]

* Local canned fish industry adversely hit

Mar 01 (SO) The local canned fish industry is facing difficulties due to the tax reduction in the recent mini-Budget. “We are faced with many problems due to the tax reduction from Rs 102 to Rs 50 for imported canned fish.
[Full Story]

* Fitch Affirms Sri Lanka Telecom at 'BB-''AAA(lka)', Outlook Stable

Mar 02 (CP) Colombo- Fitch Ratings has affirmed Sri Lanka Telecom PLC's (SLT) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BB-'. The agency also affirmed SLT's National Long-Term Rating at 'AAA(lka)'. The Outlook is Stable.
[Full Story]

* Sri Lanka's processed food exports rise by 14% in 2014

Mar 01 (CP) Colombo- Sri Lanka's processed food industry which experienced a decline in 2013 has recovered in last year surging 14 percent, Minister of Industries and Commerce Rishad Bathiudeen revealed. In 2014, Sri Lanka's exports of food, feed, beverages and tobacco increased 14 percent to US$ 317 million from 2013's US$ 278 million.
[Full Story]

* Sri Lankan stocks end weaker on higher interest rates

Mar 02 (Reuters) Sri Lankan stocks closed lower amid thin trade on Monday on rising interest rates after the central bank scrapped a lower repo penalty and priced a 30-year treasury bond at a higher rate on Friday.
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* CPC might finally get US suitor to upgrade its ageing refinery

Mar 02 (Island) Power and Energy Ministry Secretary Dr. B. M. S. Batagoda would submit a detailed report to Prime Minister Ranil Wickremesinghe on how to go about upgrading the ailing Sapugaskanda Oil Refinery.
[Full Story]

* E-commerce will transform Sri Lanka’ business landscape – Epitom Trinergy

Mar 02 (DN) With strong long-term fundamentals, web and ecommerce segments in Asia forecast high growth potential in 2015 and beyond whilst growing consumer markets and the continued development of the e-commerce sector will underpin its growth prospects.
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* Govt. vows action against pump-and-dump traders

Mar 01 (ST) Spending Rs. 36 million in a year on overseas promotional roadshows, donating Rs. 4 million for Namal Rajapaksa’s Tharunyata Hetak political youth scheme and Rs.5 million on promoting the Government’s 20-20 vision! This is only the tip of the iceberg in unnecessary spending at the Securities and Exchange Commission (SEC) during the tenure of former chairman Nalaka Godahewa.
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* Rise of Sri Lanka's luxury tourist resorts 'fuels round of human rights abuses'

Mar 01 (Guardian)British-based travel agencies are among the European holiday firms criticised in a report that alleges tourism development in Sri Lanka is prompting new human rights abuses.
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