Business

Sri Lankan court suspends full-face helmet ban

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April 02, 2015 04:39 pm

Sri Lanka’s Appeal Court on Thursday suspended a ban on full-face helmets used by motorcyclists, which was to be enforced today, pending an inquiry by court. The order came a...


Manjula resigns from HNB Assurance, Lanka Hospitals CEO quits

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April 02, 2015 10:58 am

 Manjula de Silva, long-time Managing Director and CEO at HNB Assurance, has resigned from the company as of March 31. He has been replaced by Niranjan Manickam, as Acting CEO. ...


Colombo equities up on fresh hopes at the start of a new month

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April 01, 2015 04:15 pm

  The Colombo bourse on Wednesday managed to recover to positive ground after six consecutive sessions of losses with analysts saying that the drop in T-Bill Yields had muc...


Dharma Dheerasinghe re-elected chairman at Commercial Bank

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March 31, 2015 04:27 pm

  Dharma Dheerasinghe was re-elected chairman of the Commercial Bank at its AGM on Monday amidst concerns by shareholders on moves by the Government to replace him. Shar...


Sampath Bank AGM held without a hitch

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March 31, 2015 03:16 pm

  The Sampath Bank AGM went off without any incident on Monday though a shareholder had said at the meeting that any attempt to seek government control would be met by res...


Seylan Bank Chairman re-elected

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March 31, 2015 03:14 pm

Nihal Jayamanne, PC, was re-elected as chairman of Seylan Bank at the AGM on Monday amidst reports that the Government was seeking changes in the board based on the stakes held by ...


Cinnamon Lakeside partial shutdown for repairs

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March 30, 2015 04:51 pm

Cinnamon Lakeside will be closed partially (for about seven months) resulting in at least 40 per cent of the rooms unavailable while work is carried out on its pergolas for emergen...


Colombo shares down Monday for the fourth week in a row

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March 30, 2015 12:18 pm

The week started on a slow note for the Colombo bourse on Monday with both indices losing value by midday with analysts saying this is a one month low. By 12 noon, the benchmark...


100 day programme unlikely to be fulfilled, says SL Deputy Minister

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March 30, 2015 12:16 pm

The new Sri Lankan Government’s 100-day programme is unlikely to be met within the prescribed period, a respected Government politician said on Monday. Deputy Investment and H...


3 Sri Lankan professionals file FR case against controversial Treasury bond issue

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March 27, 2015 11:16 pm

  Three well-known Sri Lankan good governance activists on Friday filed a fundamental rights petition in the Supreme Court urging an independent investigation into the con...


Sunil Wijesinha resigns as NDB chairman

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March 27, 2015 07:09 pm

Sunil Wijesinha on Friday stepped down from the post of Chairman of the National Development Bank (NDB), saying it was a ‘personal wish”. The announcement was made by the ND...


Colombo shares shed returns for 5th straight session

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March 27, 2015 04:31 pm

Colombo stock market shed returns on Friday for the fifth consecutive session amid the uncertainties in the government policies which continued to affect the market sentiments, ana...


Colombo shares in early gains Friday on positive news over port project

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March 27, 2015 11:19 am

  Colombo shares showed early gains on Friday with media reports of President Maithripala Sirisena promising the Chinese government that Sri Lanka intends to resume the con...


Colombo equities slump further on Thursday

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March 26, 2015 03:31 pm

Colombo equities slumped further on Thursday despite the drop in T-Bill yields with analysts saying that a similar pattern will follow tomorrow as well. The core index, All Shar...


Colombo shares drop amidst large ODEL in-house deal

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March 25, 2015 10:00 pm

Colombo shares fell on Wednesday on the back of net foreign sales and negative sentiments that were reflected across the board, analysts said. The ASPI eased by 24.90 points to cl...


Maithri flies to China while 4 Chinese delegations due to arrive here

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March 25, 2015 03:40 pm

  Who says Chinese authorities are miffed with Sri Lanka over the controversial Colombo Port City and other projects under probe? Just as President Maithripala Sirisena ...


Sumal Perera appointed Chairman, Sathosa Motors

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March 25, 2015 03:08 pm

  Access Group founder Sumal Perera will assume duties as Chairman of Sathosa Motors Ltd with effect from April 1, the company said on Wednesday in an announcement in the C...


Fitch withdraws rating on John Keells Holdings

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March 25, 2015 02:56 pm

  Fitch Ratings Sri Lanka on Wednesday said it has withdrawn the rating on John Keells Holdings PLC (JKH) “because there will be insufficient information to maintain the ...


SL TUs to announce token strike tomorrow

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March 25, 2015 12:44 pm

Sri Lankan trade union (TU) leaders spearheading the private sector workers’ rights to the proposed budgetary salary hike of Rs.2500 will tomorrow announce the date of their plan...


Colombo bourse slumps despite early gains at mid-day Wednesday

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March 25, 2015 12:22 pm

As predicted, the Colombo bourse didn’t sustain its early gains on Wednesday with both indices losing ground by midday, analysts said. According to them the index has been dow...


Needle-free injections vaccinations in Sri Lanka for the first time

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March 25, 2015 11:36 am

Ceyoka Health, a subsidiary of Ceyoka (Pvt) Ltd, an arm of diversified conglomerate Nawaloka Holdings, has for the first time introduced advanced needle-free technology in Sri Lank...


EU delegation meets SL apparel industry reps

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March 25, 2015 11:02 am

  A visiting European Union (EU) delegation met Sri Lanka’s apparel industry representatives on Monday. During the meeting EU officials had expressed their keenness to ...


Colombo equities sees ray of light in early trade Wednesday

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March 25, 2015 10:47 am

  The Colombo bourse on Wednesday, seemed to be emerging from the rout persisted on Tuesday as indices edged slightly up during early trade, analysts said. The All Share was...


Political changes triggers uncertainty in Colombo shares early on Tuesday

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March 24, 2015 10:39 am

  The induction of several members of the opposition SLFP in Sri Lanka’s cabinet paving the way for a national government – however creating more uncertainty -, disturbed t...


SL Finance Minister attends primary dealers meeting at Central Bank

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March 23, 2015 03:37 pm

Finance Minister Ravi Karunanayake on Monday attended a meeting between primary dealers in Sri Lanka’s money markets and the Central Bank (CB), traders said. His presence rais...


Colombo shares in slight recovery in early Monday trade

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March 23, 2015 10:22 am

The Colombo bourse started the week on a slightly higher note on Monday’s early trade in another trading session marked by thin trade as investors started collecting a mixed bag ...


Colombo equities manages to hold onto marginal gains - Thursday

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March 19, 2015 06:58 pm

Colombo equities managed to close marginally higher on Thursday despite the lackluster trading session with analysts saying that the market swung between gains and losses during th...


Colombo shares show early recovery from 12-day slump

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March 19, 2015 10:29 am

Colombo bourse edged higher on Thursday from a 12-day slump. Colombo bourse edged higher on Thursday from a 12-day slump owing to the unexpected drop in T-Bill yields and the po...


Colombo bourse slides further after PM’s comment on stock market mafia

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March 18, 2015 08:39 pm

    Colombo stocks lost the momentum on Wednesday, after its slight recovery from the downtrend for 11 consecutive days during mid day trade on the back of Prime Mi...


New truck registration policy at Colombo port

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March 18, 2015 04:54 pm

  Ports and Aviation Minister Arjuna Ranatunga said on Wednesday the Sri Lanka Ports Authority (SLPA) would take action against one of its workers responsible for the strik...




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Features & Analysis

SOS Children’s Village celebrates 100th birth anniversary of its founder

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Car-free day draws a crowd

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Huawei shutterbug competition "Beautiful Sri Lanka" ends on a high

Huawei recently organized a competition for shutterbugs under the theme "Beautiful Sri Lanka" The w...



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