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Last Updated = Sun, Feb 1, 2015, 12:58 am SL Time

* Sri Lanka's John Keells to continue Waterfront property project without gaming facility

Jan 31 (CP) Colombo- Sri Lanka's John Keells Holdings (JKH) said it will continue the Waterfront property project as planned despite the new government's amendment to restrict the ability to rent space for gaming activities.
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* Sri Lanka inflation rises to 3.2 percent in January on food prices

Jan 30 (CP) Colombo- Sri Lanka's inflation, as measured by the change in the Colombo Consumers' Price Index (CCPI) , rose to 3.2 percent in January from 2.1 percent in December 2014, the Central Bank reported on Friday.
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* Colombo Stock Exchange to educate Sri Lankan pensioners on sustainable financial planning

Jan 30 (CP) Colombo- Sri Lanka's Colombo Stock Exchange (CSE) is to launch an awareness programme to provide pensioners with a sound understanding of personal financial planning. The CSE entered into a Memorandum of Understanding (MoU) with the Department of Pensions; to educate retired personnel on the diverse avenues of investment available to them.
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* Hybrid car prices will go up due to tax revision

Jan 31 (DM) Vehicle Importers Association Chairman Mahinda Sarathchandra said yesterday that prices of vehicles below 1000 cc would come down only by Rs. 25, 000 in the wake of the 15% tax reduction announced in Thursday’s mini budget while all hybrid cars would go up by as much as Rupees one million.
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* Sri Lanka imposes hefty tax on Rajapaksa family-run sports channel

Jan 30 (PTI) Sri Lanka's new government has slapped a one-time tax of LKR100 crore (about Rs. 47 crore) on the only sports television channel in the country which is owned by former President Mahinda Rajapaksa's son.
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* JKH takes a tumble on afternoon trading

Jan 30 (Island) A sharp fall in the JKH share price during afternoon trading yesterday dragged down the All Share Price Index on the Colombo bourse by 18.78 points (0.25%) while S&P SL20 lost a marginal 5.57 points (0.13%) on a turnover of Rs. 1.27 billion, similar to the previous day,
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* Banking sector needs reform: Can Ranil and Ravi deliver?

Jan 30 (DM) Newspaper reports highlighted the very divergent views expressed by the Finance Minister and the new Central Bank Governor. The Finance Minister certainly knows the game better than the Governor because he has been a vocal critic of the previous administration’s economic management for many years.
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* Packer abandons $ 400 million casino project in Sri Lanka after government bans new casinos

Jan 30 (CP) Colombo- Australian gaming tycoon James Packer's Crown Group says it will not proceed with the proposed development of a mixed resort project in Sri Lanka after the new Sri Lankan government decided to ban new casino projects in the country.
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* Bakery owners in Sri Lanka to reduce bread prices following reduction in wheat flour prices

Jan 30 (CP) Colombo- Sri Lanka's Bakery Owners' Association has decided to reduce the price of a loaf of bread by Rs. 6 following the government's decision to reduce the price of wheat flour. The government in its interim budget presented in parliament yesterday proposed to reduce the price of a kilo gram of wheat flour by Rs. 12.50.
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* Fitch upgrades Ceylon Income Fund to ‘A(lka)’

Jan 31 (Island) Fitch Ratings has upgraded the National Fund Credit Quality Rating assigned to the Ceylon Income Fund to ‘A(lka)’ from ‘A-(lka)’. The fund primarily invests in corporate debt instruments and is managed by Ceylon Asset Management (CAM). The National Fund Volatility Rating is ‘V-NR’.
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* TJL 2014/15 third quarter profits up 25%

Jan 31 (DN) Textured Jersey Lanka PLC (TJL) reported a net profit of Rs. 376mn for the quarter ended 31st December 2014 (3Q FY2014/15), a significant increase of 25% compared to the corresponding period of last year.
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* Sri Lanka shares fall after government's retrospective tax plan

Jan 30 (Reuters) Sri Lankan shares fell more than 2.5 percent on Friday, trading at a near two-month low, led by blue chips on concerns over future earnings after the government imposed a retrospective 25 percent 'super gain tax' in its supplementary budget.
[Full Story]

* MillenniumIT, Cisco Partner of the Year

Jan 30 (DN) MillenniumIT was selected as the Cisco Partner of the Year SAARC (Sri Lanka and Maldives) at the recently held awards ceremony in Goa, India. This award was given in recognition of MillenniumIT's contribution to Cisco business in the region.
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