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Last Updated = Fri, Jul 25, 2014, 01:35 pm SL Time

* Sri Lankan government to amend Tea Act to impose hefty fines on unscrupulous tea traders

July 25 (CP) Colombo- The Sri Lankan government has received approval from the cabinet of Ministers to amend the legislation regarding refuse tea and several waste tea grades to enable the authorities to impose hefty fines on the unscrupulous tea traders
[Full Story]

* Tenaga unveils Euro 1.2 m solar parking meters

July 25 (DN) Tenaga Car Parks(Pvt) Ltd, a BOI certified company plans to invest over 1.2 million Euros in the unique solar powered street parking machine venture with CALE Access the Swedish giant specializing in parking, public and entry solutions.
[Full Story]

* Sri Lanka's Central Bank enters into an investment agreement with Reserve Bank of India

July 24 (CP) Colombo- The Central Bank of Sri Lanka (CBSL) and the Reserve Bank of India (RBI) today entered into a Bilateral Agreement to gain access into each other's securities markets. The agreement will enable the CBSL to further diversify its reserves management activities into Indian rupee denominated assets
[Full Story]

* Sri Lanka will 'set the pace' for India in milk yield and quality: Wellard

July 24 (DR) Sri Lanka will soon "set the pace" for neighboring India in terms of milk quality and yield, Australia's largest livestock exporter, Wellard Rural Exports, has claimed.
[Full Story]

* SAARCFINANCE Group Meeting and SAARCFINANCE Governors’ Symposium held in Colombo

July 24 (CBSL) The Central Bank of Sri Lanka hosted the 28th SAARCFINANCE Group Meeting and SAARCFINANCE Governors’ Symposium at the Central Bank of Sri Lanka on 24 July 2014.
[Full Story]

* BOC launches forex risk hedging mechanism

July 24 (Island) The Bank of Ceylon yesterday introduced a foreign exchange risk hedging mechanism to protect its clients against volatile market conditions.
[Full Story]

* 21 million people owning 22 million mobile phones’

July 25 (Island) Sri Lanka’s population of 21 million owns 22 million mobile phones, 4.7 million motorcycles and 1 million scooters, which indicate there is something noteworthy happening in the country, Dr. Sarath Amunugama, Senior Minister for International Monetary Cooperation and Deputy Minister of Finance and Planning said yesterday.
[Full Story]

* Sri Lanka's John Keells Holdings net up 35-pct

July 25 (LBO) Profits at Sri Lanka's John Keells Holdings rose 35 percent to 2.14 billion rupees, in the June 2014 from a year earlier helped by 1.9 billion rupees in net interest income, interim accounts showed.
[Full Story]

* Subway chain opens its first store in Sri Lanka

July 24 (CP) Colombo- Subway, the US-based fast food franchise popular for its submarine sandwiches has opened its first store in Sri Lanka. Subway has opened its first store in R.A.de Mel Mawatha in Colombo.
[Full Story]

* Sri Lanka shares slip on profit taking; foreigners buy

July 24 (Reuters) Sri Lankan stocks slipped on Thursday for a second straight session, moving further away from Tuesday's 34-month closing high as investors booked profits, brokers said.
[Full Story]

* BOC Seychelles operation viable'

July 24 (DN) The opening of the Bank of Ceylon's overseas branch in the Seychelles was a very productive and timely move by the bank Chairman, Air Chief Marshal, Harsha Abeywickrama said yesterday.
[Full Story]

* Singer appointed exclusive distributor for Sony Mobiles

July 24 (DM) The latest premium flagship waterproof smartphone designed by Sony, the ‘Xperia Z2’ was unveiled to the local market recently in Colombo by Singer Sri Lanka Plc, laying a pedestal to the partnership with Sony Electronic Singapore Private Limited
[Full Story]

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