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Last Updated = Sun, Nov 23, 2014, 02:25 pm SL Time

* Pvt sector credit picks up again - CB

Nov 23 (Nation) The Central Bank of Sri Lanka which last week kept the policy rates unchanged noted that a healthy growth of credit disbursements to the private sector by commercial banks were observed for the second consecutive month in September 2014.
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* Government’s motorcycle subsidy scheme takes a political twist

Nov 23 (ST) Deliberately ignoring the country’s constitution, budgetary provisions and fiscal management responsibility, government authorities have begun distributing motor cycles worth Rs.200,000 at a subsidised price of Rs.50,000 to provincial politicians and policemen even before the conclusion of the 2015 budget.
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* Sri Lanka's Hatton National Bank to issue Rs. 4 billion debentures

Nov 22 (CP) Colombo- The Colombo Stock Exchange announced Friday that it has in principle approved the application for listing the debt securities of Hatton National Bank (HNB). Accordingly, the HNB will issue 30 million, senior unsecured redeemable rated debentures at Rs. 100, each, with the option open to sell a further 10 million debentures in the event of an over-subscription.
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* Amăna Takaful’s 9 months PAT up by 36%

Nov 22 (DN) Amăna Takaful PLC, recorded a profit of Rs. 24.8 million for the period of nine months for the financial year ending September 30, 2014. The company recorded a 36% increase in profit after tax and 15% growth of total revenue over the same period of the previous year.
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* 350-roomed Hotel and Residence Complex to be built overlooking Indian Ocean

Nov 23 (Island) The launch of a proposed 350-roomed Hotel and Residence Complex, the newest addition to the tourism firmament in Sri Lanka was initiated last week. The proposed ITC project, on completion, will enhance Colombo’s landscape to take it out of the hum drum context of the fast rising ‘concrete jungle’ that Colombo would soon become.
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* Investments up 74 percent

Nov 23 (SO) Investments in the country have increased by 74 percent from 2005 to 2014. Infrastructure facilities have also been developed by the same percentage, Investment Promotion Minister Lakshman Yapa Abeywardena said.
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* AIA Sri Lanka announces progress in third quarter 2014

Nov 22 (Island) AIA Insurance Lanka PLC announced the financial results of the Company and its subsidiaries (the "Group") for the nine months ended September 30, 2014. The main highlights are: Solid premium growth in both life and general insurance businesses
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* Sri Lanka Union Bank upgrades to 'BB+ (lka)' : Fitch Ratings

Nov 22 (LBO) Sri Lanka Fitch Rating has rated Sri Lankan based Union Bank PLC’s (UB) national long term rating to 'BB+(lka)' from 'BB(lka)' with a stable outlook the rating agency said in a statement.
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