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Last Updated = Fri, May 29, 2015, 12:09 am SL Time

* Investment promotion agency promotes Sri Lanka to German investors in Mumbai

May 28 (CP) Colombo- A unique opportunity to promote Sri Lanka as a destination for Foreign Direct Investment arose recently when a delegation from Sri Lanka's investment promotion agency, Board of Investment (BOI), Deputy Minister of Highways and Investment Promotion headed by Eran Wickramaratne, addressed 150 members of the Indo German Chamber of Commerce.
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* Fitch rates Sri Lanka's USD bond 'BB-(EXP)' ratings

May 28 (CP) Hong Kong- Fitch Ratings has assigned Sri Lanka's forthcoming US dollar denominated bonds an expected rating of 'BB-(EXP)'. The expected rating is in line with Sri Lanka's Long-Term Foreign Currency Issuer Default Rating (IDR) of 'BB-' with Stable Outlook.
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* Sri Lanka's Bank of Ceylon starts year with Rs.4.4 billion PBT in 1Q 2015

May 28 (CP) Colombo- After completing its 75th anniversary year with a commendable achievement of Rs. 20.3 billion PBT, Bank of Ceylon (BoC) has reported Rs. 4.4 billion PBT for the 1Q 2015 by achieving a 15% growth over 1Q of the previous year.
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* Parliamentary committee to record statements from Sri Lanka Central Bank and BOC officials

May 27 (CP) Colombo- Committee on Public Enterprises (COPE), the parliamentary committee investigating state enterprises has summoned officials from the Central Bank of Sri Lanka and the state owned Bank of Ceylon (BOC) before the committee on Friday (29).
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* Tourism Bureau promotes Sri Lanka as an island of thousand treasures

May 27 (CP) Colombo- Sri Lanka Tourism Promotion Bureau (SLTPB) taking a broader role is aggressively promoting the country globally as an "island of thousand treasures", SLTPB Chairman Rohantha Athukorala said.
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* Banks keep turnover buoyant, but indices down & foreign selling seen

May 28 (Island) While activity in banking shares kept turnover on the Colombo bourse buoyant yesterday, up to Rs. 1.48 billion from the previous day’s Rs. 1.18 billion, the market closed with the indices down marginally – the ASPI losing 8.28 points (0.11%) and S&P SL20 declining 6.95 points (0.17%) with 115 losers ahead of 87 gainers while 123 counters closed flat.
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* Dialog partners with Odel

May 28 (DN) Sri Lanka’s premier telecommunications service provider, Dialog Axiata announced recently, that it had partnered the country’s leading fashion retailer, Odel, to launch a Smart Phone Beacon-based store engagement platform for the first time in Sri Lanka.
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* Textured Jersey to buy Quenby Lanka for $3.5m

May 27 (JSC) Textured Jersey Lanka (TJL), one of Sri Lanka’s leading textile mills, is to acquire fabric printer Quenby Lanka Prints for US$3.5m.
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* Treasury Secy, DG Operations testify on authorised limits

May 27 (Island) The probe by the Committee on Public Enterprises (COPE) into the issue of Treasury Bonds by the previous and current governments in recent years commenced at the Parliamentary Complex yesterday.
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* Sri Lanka’s Ceylon Cold Stores March quarter net down 7-pct

May 27 (LBO) Profits at Sri Lanka’s Ceylon Cold Stores, which has interests in consumer goods and retailing, fell 6.75 percent to 601.2 million rupees in the March 2015 quarter from a year earlier with the tax expense doubled, interim accounts showed.
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* Sri Lanka's Stock Exchange sees significant price appreciation of stocks this year

May 28 (CP) Colombo- Sri Lanka's Colombo Stock Exchange (CSE) says it has seen a significant price appreciation of stocks traded at the bourse this year. The CSE in a media release said Thursday that it has witnessed a number of stocks appreciate in price during the first few months of this year
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* Sri Lanka Development Bonds issue oversubscribed to US$ 338 million

May 28 (CP) Colombo- The issue of Sri Lanka Development Bonds (SLDBs) for US$ 100 million has been oversubscribed with total bid received amounting to US$ 338 million, the Central Bank said on Thursday.
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* Sri Lanka, Pakistan aim to boost annual bilateral trade to US$ 1 billion

May 28 (CP) Colombo- As bilateral trade between Sri Lanka and Pakistan crossed US$350 million in 2014, the two countries are aiming to boost the annual trade to US$ 1 billion.
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* Sri Lanka Shippers' Council concerned over Customs Chief's resignation

May 27 (CP) Colombo- Sri Lanka Shippers' Council on Tuesday expressed concern over the sudden resignation of Director General of Sri Lanka Customs Jagath P Wijeweera. Finance Minister of Sri Lanka Ravi Karunanayake Monday announced that Director General of Customs Jagath P. Wijeweera has tendered his resignation to the Finance Ministry Secretary.
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* Lux launches limited edition fragrance soap collection in Sri Lanka

May 28 (LBO) Lux on Wednesday unveiled their latest Lux star collection, a limited edition collection co-created with Deepika Padukone and with a new fragrance by master perfumer Alessandra Vinksnaitis.
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* MTD Walkers 4Q net down; full-year profits surge over 80%

May 28 (DM) Integrated infrastructure and engineering solutions provider MTD Walkers PLC posted a net profit of Rs.44.5 million for the quarter ended March 31, 2015 (4Q15), down 52 percent from a year ago, the financial accounts released to the Colombo Stock Exchange showed.
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* Sri Lanka marketing 10-yr dollar bond to yield 6.375%

May 28 (IFR) HONG KONG- The Democratic Socialist Republic of Sri Lanka is marketing 10-year US dollar bonds to yield around 6.375%.
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* Sri Lankan shares down for second day; Lanka IOC drags

May 27 Sri Lankan shares fell for a second session on Wednesday led by Lanka IOC after its poor performance in the March quarter, and also on foreign outflows, stockbrokers said.
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* Sunshine Holdings to invest Rs 5b in four sectors

May 27 (DN) Sunshine Holdings PLC will invest over Rs.5 billion in the next three years in the pharmaceutical, hydro power generation,plantation and dairy sectors.
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