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SECURITY and SITUATION
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Last Updated = Fri, Aug 29, 2014, 11:47 pm SL Time

* Sri Lanka inflation declines to 3.5 percent in August 2014

Aug 29 (CP) Colombo- Sri Lanka's inflation, as measured by the change in the Colombo Consumers' Price Index (CCPI) , declined to 3.5 percent in August 2014 on a year-on-year basis after rising to 3.6 percent in July, figures released by the Census and Statistics Department Friday showed.
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* Sri Lanka Tourism welcomes one millionth tourist

Aug 29 (CP) Colombo- Sri Lanka Tourism Thursday welcomed the arrival of one millionth tourist for the year at the Bandaranaike International Airport (BIA) yesterday. A British couple- Joshua Gladstein and Sophie Nathan who arrived on a SriLankan Airlines flight from London was the one millionth tourist.
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* Ceylon Dollar Bond Fund receives its first institutional investment

Aug 29 (Island) Ceylon Dollar Bond Fund, Sri Lanka’s first dollar denominated fund, which was launched recently received its first institutional investment from Melfort Green Teas (Pvt) Ltd, a leading exporter of premium Green Tea.
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* HNB Assurance launches ‘My Pension’ scheme

Aug 29 (DN) Marking a new era of the insurance sector, HNB Assurance in partnership with Hatton National Bank(HNB) announced the launch of ‘My Pension’ a life time guaranteed monthly pension for everyone over 55 years of age.
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* Sri Lanka's Senkadagala Finance acquires Newest Capital in consolidation move

Aug 28 (CP) Colombo- Senkadagala Finance Company in a stock market disclosure today announced that the company has entered into a Share Purchase Agreement with the Newest Capital. Senkadagala Finance has acquired 100% percent of the fully paid issued share capital of Newest Capital on August 25th for a sum of Rs. 300 million.
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* Sri Lanka bourse edges up on Keells; seen near 3-year high

Aug 28 (Reuters) Sri Lankan stocks edged up on Thursday, hovering near a three-year high, led by conglomerate John Keells Holdings Plc in low volume trade with foreign investors buying into risky assets, brokers said.
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* Future Lankan dollar-bond issuances to attract lower yields

Aug 28 (DN) The future Sri Lankan issuers will attract lower yields in the international capital markets, increasingly enabling them to tap into cheaper funds, according to a capital market expert.
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Aug 28 (DM) Twenty one-year-old Thilini Amalka, who was arrested this morning for allegedly slapping a youth at the Wariyapola Bus Terminal recently, was released on a surety bail of Rs. 50, 000 by the Wariyapola additional magistrate this evening.
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* Avis announces new partnership agreement with SriLankan Airlines

Aug 29 (CP) Singapore- Avis, today announced a new partnership agreement with SriLankan Airlines the national carrier of Sri Lanka and the newest member of the oneworld alliance. Through the new partnership, the Airline's frequent flyers, FlySmiLes members will have the opportunity to earn and redeem miles from Avis car rentals.
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* Sri Lanka stocks at over 3-year high on large caps, banks

Aug 29 (Reuterss) COLOMBO- Sri Lankan stocks hit more than three-year high on Friday, led by large cap and banking shares as low interest rates and continued foreign buying into risky assets boosted sentiment, brokers said.
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* MTD Walkers to foray into real estate with Wincon acquisition

Aug 29 (DM) Integrated infrastructure and engineering solutions provider, MTD Walkers PLC yesterday said its board gave the approval to acquire Wincon Development Ceylon (Private) Limited (Wincon), the local unit of the Malaysian property development company, Metacorp Berhad (Metacorp), for a consideration of Rs.2.17 billion.
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* Central Bank of Sri Lanka approves 29 consolidation plans of financial institutions

Aug 29 (CP) Colombo- The Monetary Board of Sri Lanka's Central Bank in-principle has approved another 10 consolidation proposals submitted by banks and Non-Banking Financial Institutions (NBFIs) in August, bringing the total to 29, the Central Bank said Friday.
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* Sri Lanka's CSE and SEC to conduct an awareness programme in New York

Aug 28 (CP) Colombo- Sri Lanka's securities regulator, Securities and Exchange Commission (SEC) and the Colombo Stock Exchange (CSE) will hold an awareness programme in New York for the international investors.
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* BOC to consult foreign firm in restructuring bid

Aug 28 (Island) ‘We will soon be talking to a foreign consultancy firm in order to restructure the Bank of Ceylon and raise it to truly global standards, Senior Banker and Bank of Ceylon (BOC) General Manager D M Gunasekara told the Island Financial Review on Tuesday.
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* Cinnamon Red - the pioneering lean luxury hotel in Sri Lanka

Aug 28 (DN) The first of September heralds a brand new chapter for the Cinnamon Hotels and Resorts chain as the country's first ever 'lean luxury' hotel opens its portals to pioneer a completely new lifestyle experience in city hospitality.
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* Police hunt for man

Aug 28 (DN) Police are hunting a man who fled after abusing a teenage girl of the Mahaveva area off Manampitiya in Galle.Velikanda Police sent a police party to the Neluva area to search for the man. He was arrested on a tea plantation at Bethmagoda, Bandaragama.
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