Business

Colombo shares up, driven by heavyweights

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February 10, 2015 05:19 pm

  Colombo equities continued on Tuesday its positive momentum with the market stabilising owing to last week’s policy changes. Analysts said results released by corporat...


Colombo bourse up on progressive policies

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February 09, 2015 10:13 am

  Colombo bourse was up at Monday, opening the week on an optimistic note, with analysts saying that the market managed to erase the many losses suffered after the mini bud...


Bandula Egodage re-appointed EDB chairman

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February 09, 2015 09:49 am

Bandula Egodage has been re-appointed as Chairman of the Export Development Board (EDB) by Rishad Bathiudeen, Minister of Industry and Commerce of Sri Lanka, the ministry said at t...


Haycarb reports 3Q turnover at Rs. 8 bln, PBT at Rs. 601 mln

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February 09, 2015 09:45 am

    Haycarb PLC, the Sri Lankan multinational of the Hayleys Group, last week reported a turnover of Rs. 8 billion and profit before tax of Rs. 601 million for the ...


HSBC files show how Swiss bank helped clients dodge taxes and hide millions

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February 09, 2015 09:17 am

    LONDON GUARDIAN, Sunday February 9 - HSBC’s Swiss banking arm helped wealthy customers dodge taxes and conceal millions of dollars of assets, doling out bundl...


Colombo shares close positive in spite of 'super gain tax' concerns

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February 06, 2015 04:23 pm

The Colombo share market was positive on Friday with analysts saying that the previous Friday’s near 3 per cent fall was an ‘overkill’ and that traders have now factored the ...


Rejuvenated Colombo traders seen collecting high valued stocks

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February 06, 2015 10:30 am

The Colombo share market started on a positive note on Friday with analysts saying that high valued shares were the order of the day. The core All Share appreciated 0.89 per cent t...


SriLankan Airline lossess seen at $130 mln for year ending March 2015

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February 05, 2015 04:42 pm

  SriLankan Airlines is set to accrue losses amounting to approximately US$130 million for the year ending March 2014/15, says the airline's CEO Kapila Chandrasena. The ai...


Colombo bourse recovers from 4-day slump as traders wait and watch

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February 05, 2015 03:32 pm

    Colombo equities recovered on Thursday after a 2-day holiday following the sharp sell-off during the past few trading days, owing to the proposed ‘super gain ...


Sri Lankan chambers urge introduction of a Bill of Rights

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February 03, 2015 11:13 pm

Sri Lankan’s biggest industrial and trade chambers, in a rare coming-together, on Tuesday urged the Government to introduce a Bill of Rights and said they were, jointly, committe...


Well-known lawyer Jayasuriya heads Sri Lanka's Investment Agency

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February 03, 2015 09:42 pm

  Upul Jayasuriya, a well known lawyer and President of the Bar Association of Sri Lanka, has been appointed as the new chairman of the country's premier state investment b...


Rohantha, Withana among new heads at Sri Lanka state tourism agencies

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February 02, 2015 07:23 pm

New heads to the state tourism agencies and bodies have been appointed by Sri Lankan Tourism Minister Navin Dissanayake with well-known marketer Rohantha Athukorala picked to lead...


National Chamber expresses ‘delight’ and ‘caution' over interim budget

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February 02, 2015 01:49 pm

  Sri Lanka’s National Chamber of Commerce has welcomed the concessions provided in last week’s interim budget but has cautioned against inflationary trends that could ...


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...






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