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Fitch Teleconference: Non-Japan Asia SF Outlook and Investor Sentiment Survey, 14 January, 15:00 HKT

Fitch Ratings-Hong Kong/Taipei/Singapore-13 January 2010: Fitch Ratings is scheduled to host a teleconference to share its non-Japan Asia (NJA) Structured Finance (SF) sector outlook for 2010 and the findings of its inaugural investor sentiments survey for NJA SF transactions on Thursday, 14 January 2010 at 15:00 HKT.

BDO Sri Lanka joins firms across 110 country network to adopt single trading name

BDO, the world’s fifth largest accountancy network, has announced that all its member firms in 110 countries worldwide are adopting the single global trading name of ‘BDO’....
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Tigo extends coverage to Sripada

Tigo commissioned a new tower in the historic site of Sripada on the 1stof January 2010, a timely venture coinciding with the pilgrimage season which begins in December and continues until April, usually following the sighting of the full moon in December right through to its sighting in May, during the Vesak festival. Throughout this period, thousands of pilgrims and travellers converge to climb the legendary 7,295 ft. mountainof Sripada, also known as Adam’s Peak, a site which has been revered for over a thousand years. ...
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Sri Lanka enjoys cruise tourism revivial

The Sri Lanka Ports Authority said the cruise ship Discovery of the Voyages of Discovery cruise line called at Colombo port as part of a cruise tourism revival with the end of the island’s ethnic war....
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Feds: New Charges Pending Against Rajaratnam

Federal prosecutors said Tuesday they will file new charges against billionaire hedge fund operator Raj Rajaratnam alleging he made at least $36 million from trades based on insider information, double what the government previously believed....
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Sri Lanka to loosen foreign exchange rules

Sri Lanka to loosen foreign exchange rules, allowing its citizens to invest in foreign company shares. ...
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Colombo Port expands facilities

The Sri Lanka Ports Authority said it had expanded facilities to bunker and ship fuelling at the Colombo Port with the addition of another berth for oil tankers that will reduce delays. Colombo Port’s New North Pier, which has been developed as a multi-purpose berth, handled its first oil tanker on the 30th of last month with a call by the vessel ‘MT Haven’. ...
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Fitch watches RP, Sri Lanka

TWO Asian countries—the Philippines and Sri Lanka—will be under the watchful eyes of Fitch Ratings for potential “political shocks” that may occur in an election year....
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Sri Lanka to Bid for Exclusive Rights on ‘Ceylon Tea’

Sri Lanka looks set to secure a claim, under the current World Trade Organisation’s (WTO) Trade-Related Aspects of Intellectual Property Rights (TRIPS), for Geographical Indicators (GI) to protect the prestigious wording: ‘Ceylon Tea’. ...
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Bank loan interest to farmers reduced

Lending rates for the three agricultural credit schemes operated by the Central Bank on behalf of the government have been reduced with effect from January 1, the bank said on Wednesday. ...
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China to loan Sri Lanka $290 mln for airport, railways

China has agreed to lend $290 million to Sri Lanka to build a new airport and revive its railway network, the foreign ministry said on Wednesday.

Touch wood case and political uncertainty drive Sri Lanka shares down

While foreign investors continued with their selling of shares , Colombo stocks fell 0.68 percent on Tuesday due to negative investor sentiment amidst political uncertainity ahead of April General Elections, profit taking of investors, and intense selling of Touchwood shares, analysts said.

Asian Paints says products carry Lead-free guarantee

Asian Paints Lanka, the owner of a multi-brand portfolio of standard and specialized paints, has announced that its products in Sri Lanka are now covered by a Lead-free guarantee, following a global Green initiative begun by the India-headquartered coatings giant.

Colombo readies tax, investment reforms

Sri Lanka will initiate tax and investment reforms in its next budget following a parliamentary election in April, a government official said yesterday, amid pressure from the IMF to rein in a budget deficit.

Govt.’s incapacity to stick to budget targets hits share market and investments

Following the Govt.’s declaration that it had overshot its deficit target in its budget 2009 , and still worse , it will miss this year too , has caused a plummeting of the share market which fell 1.22 % to a more than one week low on the 3rd of March owing to a negative investor confidence.

Fitch Upgrades Singer Finance Lanka Ltd to 'BBB(lka)'

Fitch Ratings Lanka has today upgraded Singer Finance (Lanka) Limited's (SFL) National Long-term rating to 'BBB(lka)' from 'BBB-(lka)'. The Outlook is Stable.

John Keells presents Soft Skills workshops at the University of Moratuwa

“From this programme I was able to understand the gap between local graduates and the industry. I was also able to get a good idea about what the private sector needs and what [kind of] person they look for,” said T.H.K. Nawarathna, a Final Year student of the University of Moratuwa and participant at “The Final Step” – Soft Skills Workshops - a five-day series of soft skills workshops, conducted by John Keells Social Responsibility Foundation in collaboration with the Career Guidance Unit (CGU) of the University from 8-12 February, 2010 at the University of Moratuwa.

'FH Studio Collection' to Czech Republic after success at Colombo Fashion Week

Sri Lanka’s “FH Studio Collection’ has clinched markets in the Czech Republic following its success at the recent “Colombo Fashion Week 2010”.

Gas prices to remain same until elections are over

Gas prices will remain unchanged for the next two months, Minister Bandula Gunawardena said.

Sri Lanka clothing industry – ‘We will have ethics but no business’

Sri Lanka’s clothing industry has been admired for improving working conditions but it is now in crisis. Not through its own fault, but because of the Sri Lankan government’s alleged war crimes against ethnic minorities.
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