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Last Updated = Fri, Oct 24, 2014, 12:04 am SL Time

* Sri Lanka National Chamber conducts Budget Seminar 2015

Oct 23 (CP) Colombo- The National Chamber of Commerce of Sri Lanka will conduct a post Budget seminar on Thursday, 30 October 2014. The seminar will highlight the important aspects of the Budget 2015 the impact on economy and business arising from the new budget.
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* Sri Lankan President opens cricketer Dilshan's luxury hotel

Oct 22 (CP) Colombo- Sri Lankan President Mahinda Rajapaksa Tuesday declared open the 'D Pavilion Inn', luxury hotel at Stafford Road in Kirulapone. The luxury hotel is owned by star cricketer Thilakaratne Dilshan.
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* Holcim (Lanka) wins silver as Turnaround Brand of the Year

oct 23 (RM) Holcim (Lanka), the Sri Lankan arm of the Swiss cement giant, has received the Silver Award for Turnaround Brand of the Year at the SLIM Brand Excellence Awards 2014 conducted by the Sri Lanka Institute of Marketing.
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* Motha Investments Corporation sells 35% stake in TVSAP

Oct 23 (Island) Motha Investments Corporation (Pte.) Limited exits from TVS Auto Parts (Pvt.) Limited selling their 35% stake in the company to Douglas & Sons Ltd MICL is a group company of the diversified Queens Group of Companies, headed by the third generation Dinesh Motha, the Group Managing Director.
[Full Story]

* Sri Lankan visas to Omanis up by 72%

Oct 22 (TOO) Muscat- There has been about 72 per cent growth in the number of Sri Lankan visas issued to Omanis from January 1 to September this year, said an official of the Sri Lankan embassy in Muscat.
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* DSL takes over TVS Auto Parts

oct 22 (Island) Douglas & Sons Pvt. Ltd. (DSL) announced that it has acquired TVS Auto Parts Pvt. Ltd. The acquisition will facilitate better service provision for the needs of motorists, especially consumers of Indian manufactured vehicles in Sri Lanka. Saroj Perera (Chairman/Managing Director of DSL Group of Companies), and Sunil Wijesinghe (Chairman of TVS Auto Parts Pvt Ltd), recently signed the documents pertaining to this acquisition.
[Full Story]

* Sri Lanka Security Companies are an integral part of Country’s economic development:Official

Oct 22 (LBO) Sri Lanka’s private security companies are important stakeholders and an integral element in the ongoing nation building exercise, an official said in a media release. “The private security companies of this country are important stakeholders and an integral element in the ongoing nation building
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* MRL Corporation starts key test work on Sri Lanka graphite

Oct 23 (CP) Colombo- MRL Corporation, an Australian mining company exploring graphite in Sri Lanka, has commenced delivering bulk graphite samples from its Aluketiya and Pandeniya high-grade graphite projects in Sri Lanka to Wuhan University of Technology in China.
[Full Story]

* Sri Lanka business chamber to hold post budget seminar

Oct 22 (CP) Colombo- Sri Lanka's main business chamber, the Ceylon Chamber of Commerce (CCC) will hold a post budget seminar on October 30 to discuss the 'National Budget of 2015', which will be presented in Parliament on October 24.
[Full Story]

* Sri Lankan stocks up ahead of 2015 budget; block deals push turnover

Oct 23 (Reuters) - Sri Lankan stocks gained on Thursday, recovering from a six-week low in the previous session as investors bought into blue-chips and banks a day ahead of the 2015 budget announcement, while block deals helped boost the day's turnover, dealers said.
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* Huge potential for Thai investment in Sri Lanka

Oct 23 (DN) There is huge potential and tremendous opportunities for Thais to invest in Sri Lanka, which is a free and open economy with several attractive incentives, including tax holidays of up to 12 years; to create a business friendly environment for foreign investors, states the Bangkok Post Asia Focus in its October 20 issue.
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* SLT mulls foray to BPO, real estate and leisure

Oct 22 (DN) The largest telecommunications services provider, Sri Lanka Telecom is exploring avenues to diversify into the leisure, real estate and higher education sector. This is in a bid to gain additional revenue and to further strengthen their bottom line and more importantly SLT wants to make maximum use of their unutilized lands in several locations.
[Full Story]

* Monetary policy transition lag worries Central Bank

Oct 22 (DM) The unusual monetary policy transition lag - the time taken for the monetary policy action to reflect in market interest rates and inflation is puzzling Central Bank (CB) officials, as even after 20-months in to the monetary easing, the projected private credit is yet to materialize.
[Full Story]

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