Business

Colombo shares down on budget fears

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February 02, 2015 10:53 am

Colombo bourse, which recorded its worst drop in four years as investors reacted to the “super gain tax” proposed last Thursday at the mini budget, saw a fresh wave of panic se...


Ceylon Chamber expresses concern over some budget taxes

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February 02, 2015 09:30 am

Sri Lanka’s Ceylon Chamber of Commerce on Sunday while acknowledging that the interim budget presented on Thursday ase based on the election manifesto of President Maithripala ...


Colombo shares slump on increased taxes

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January 30, 2015 04:19 pm

  The Colombo bourse fell sharply in Friday’s trading, on the back of the mini budget which saw many increased taxes. Analysts said the new Finance Minister Ravi Karunana...


JKH to engage Govt. on casino issue in Waterfront project

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January 30, 2015 03:18 pm

John Keells Holdings (JKH) said on Friday that it will continue to engage the government over its Waterfront Properties Ltd project which contains a casino that is now not permitte...


Colombo shares fall sharply on increasing taxes in amended budget

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January 30, 2015 12:10 pm

    The Colombo bourse fell sharply in Friday’s early trading session, on the back of the mini budget which saw many increased taxes. The new fiscal plan for the year ha...


Colombo traders cash in on gains

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January 29, 2015 02:55 pm

Colombo shares was down on traders cashing in on their gains during the past three days, while 2015 interim budget by Finance Minister Ravi Karunanayake on Thursday, despite the ma...


Colombo shares gain ahead of Thursday’s mini budget

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January 29, 2015 10:18 am

Colombo equities stretched gains four days in a row on Thursday morning driven by positive expectations ahead of the mini budget, brokers said. The first budget, an interim one,...


Colombo shares gain on new regulator at SEC, hopes on inflation reducing

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January 28, 2015 04:20 pm

  The Colombo bourse on Wednesday cheered the new regulator Thilak Karunaratne at Securities and Exchange Commission (SEC) with analysts saying that an expected reduction in infl...


Entry of new, respected market regulator boosts Colombo shares

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January 28, 2015 11:41 am

The Colombo bourse on Wednesday toasted the respected Thilak Karunaratne's assumption of office as Chairman of the Securities and Exchange Commission (SEC) with share prices gettin...


Thilak Karunaratne takes over as SEC chairman

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January 27, 2015 08:12 pm

  Thilak Karunaratne will be assuming duties as Chairman of the Securities and Exchange Commission (SEC) tomorrow (Wednesday), SEC officials said. He replaces Nalaka God...


Colombo shares up on ‘changes at the top’

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January 27, 2015 11:54 am

  Colombo shares on Tuesday started on a positive note with the core All Share Index up by 0.55 per cent by 11.30 am to reach 7,356.13 while the S&P SL 20 appreciated by 0.58...


Sri Lanka’s World Cup team lacks confidence, Sri Lanka’s 1996 World Cup winning trio says

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January 27, 2015 11:50 am

Three of Sri Lanka’s greatest-ever cricketers – Arjuna Ranatunga, Aravinda de Silva and Muttiah Muralitharan – strongly believe the current Sri Lanka squad for the upcoming W...


New Central Bank management retains current interest rates

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January 27, 2015 09:57 am

New Central Bank (CB) Governor Arjuna Mahendran didn’t effect major changes on Tuesday, while chairing his first meeting of the Monetary Board, keeping interest rates at current ...


Colombo shares gain on policy direction

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January 26, 2015 12:31 pm

The Colombo Bourse recovered on Monday after Friday’s fall with on Thursday amidst reports that the new government will appoint a new Securities and Exchange Commission (SEC) Cha...


Crucial Monetary Board meeting today, rupee value may see changes

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January 26, 2015 07:28 am

  Sri Lanka’s Central Bank (CB) Governor Arjuna Mahendran will chair a crucial meeting of the bank’s Monetary Board on (Monday) that is likely to seriously consider cur...


Colombo shares down on panic selling by mafia

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January 23, 2015 07:52 pm

The Colombo share market was down on Friday amidst panic selling when retailers as well as institutional investors cashed in on their investments with brokers saying that mafia was...


Colombo bourse good start but on shaky ground

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January 23, 2015 11:50 am

  The Colombo Bourse got off on a positive note on Friday morning but didn’t sustain the momentum towards mid-trading session with retailers once again on a selling mode, accor...


Colombo shares gain in anticipation of new regulator chief being appointed

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January 22, 2015 06:21 pm

  The Colombo Bourse which started off on a negative note on Thursday however, recovered to end the trading session on positive territory  on the back of speculation that...


P. G. Kumarasinghe appointed as SLT/Mobitel chairman

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January 22, 2015 03:42 pm

      P. G. Kumarasinghe, brother of President Maithripala Sirisena, on Thursday assumed duties as the new Chairman of Sri Lanka Telecom (SLT) Group includi...


URGENT- Defiant Sri Lankan stock regulator chief stays on despite Govt. directive to quit

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January 22, 2015 12:38 pm

  Controversial Securities and Exchange Commission (SEC) Nalaka Godahewa is maintaining a defiant stand, refusing to step down despite an order by the Sri Lankan Government, offi...


Colombo shares mixed amidst news of Godahewa’s resignation

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January 22, 2015 10:18 am

    The Colombo bourse on Thursday opened on a negative note amidst news that Nalaka Godahewa, the controversial Securities and Exchange Commission (SEC) chairperson's had resi...


URGENT -SEC chairman Godahewa resigns, says Sri Lanka Finance Minister

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January 22, 2015 09:29 am

Nalaka Godahewa, the controversial Securities and Exchange Commission (SEC) chairperson, who this week said he was not a political appointee, has resigned from his position, Sri La...


Colombo shares down on lack of policy direction issues

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January 21, 2015 07:34 pm

  The Colombo share market was down on Wednesday with panic selling towards its close with retailers as well as institutional and high networth investors cashing in on thei...


CORRECTED: Hemaka de Alwis, new chairman at SriLankan Airlines

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January 21, 2015 12:34 pm

  (NAME CORRECTED) - Hemaka de Alwis, Chairman of Fairway Holdings, is tipped to be the new chairman of national carrier SriLankan Airlines, officials said on Wednesday. The app...


SL’s Central Bank headless for more than a week!

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January 21, 2015 11:34 am

Sri Lanka’s Central Bank (CB) has been ‘headless’ for than 10 days but the wait might be over this week, officials said. On Tuesday, the gazette notification listing departm...


Colombo shares end mixed

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January 20, 2015 02:49 pm

  The Colombo share market started off on a positive note on Tuesday morning with participation of both retailers as well as institutional and high networth investors amids...


One man hospitalised in Ceylinco Insurance shareholders fracas

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January 20, 2015 09:59 am

  One person was hospitalised after arguments and fisticuffs broke out at a stormy Ceylinco Insurance meeting of shareholders in Colombo on Tuesday morning, shareholders sa...


CB monetary policy review next week, changes likely

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January 19, 2015 11:19 pm

The Central Bank said today (Monday) that its Monetary Policy Review for January 2015 will be released next week on Tuesday, January 27, the first one under the new Srti Lankan Pre...


Sri Lanka’s Access shares fall on cancellation of mega highway

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January 19, 2015 11:03 pm

  Access Engineering shares fell by 11 per cent or Rs. 3.40 per share to Rs. 26.60 on Monday at the Colombo bourse days after the new Sri Lankan Government announced the ca...


Colombo shares drop amidst new government’s crackdown on corruption

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January 19, 2015 02:59 pm

Retailers took profits at the Colombo share market on Monday amidst allegations of bribery and shady practices levelled at the previous regime headed by Mahinda Rajapaksa, broker...






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