Business

Political changes triggers uncertainty in Colombo shares early on Tuesday

Comments - 0 / views : 120
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

Comments - 0 / views : 230
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

Comments - 0 / views : 60
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

Comments - 0 / views : 99
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

Comments - 0 / views : 65
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

Comments - 0 / views : 146
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

Comments - 0 / views : 187
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...


Further clarity on confusing 15% interest to senior citizens

Comments - 1 / views : 216
March 18, 2015 12:19 pm

Commercial banks have been instructed to accept deposits of up to Rs. 1 million at 15 per cent interest from senior citizens over 60 years with no other limitations on periods, the...


Colombo equities seen slipping in early trade

Comments - 0 / views : 39
March 18, 2015 10:54 am

At Wednesday’s start the Colombo bourse’s trading was on a low key, with the indices on mixed grounds, analysts said. The ASPI was up by 0.01 per cent by 10.10 am to stand ...


SL Govt. prepared for Parliamentary probe on Treasury bond fiasco

Comments - 0 / views : 94
March 18, 2015 10:35 am

The Sri Lankan Government, bowing to criticism over the composition of the probe committee into the controversial Treasury bond issue, said on Tuesday it was agreeable to the appoi...


SL Prime Minister defends bond issue, slams powerful private sector businessmen

Comments - 0 / views : 910
March 17, 2015 07:35 pm

Prime Minister Ranil Wickremasinghe, defending the actions of Central Bank Governor Arjuna Mahendran, on Tuesday slammed corrupt sections of Sri Lanka’s private sector to the ext...


Ceylon Chamber seminar on investment policies of new SL regime

Comments - 0 / views : 56
March 17, 2015 04:20 pm

  The Ceylon Chamber of Commerce (CCC), with a new Government in place, is organising a seminar on March 27 at the chamber auditorium under the title of “Policies in Plac...


Colombo shares end mixed on Tuesday amidst furore over another Chinese project

Comments - 0 / views : 64
March 17, 2015 03:35 pm

  Colombo shares ended mixed amidst a lackluster trading session on Tuesday, with analysts saying that this slump is the 11th in a row for the S&P Index. This came a...


Intel Sri Lanka commends state plan to provide free Wi-Fi

Comments - 0 / views : 125
March 17, 2015 09:52 am

 Intel Sri Lanka has praised the government’s efforts to launch the ‘Free Wi-Fi’ project for the benefit of every Sri Lankan. It has been announced that 250 specific loca...


Ceylinco Insurance, Sri Lanka’s biggest insurer, has turned in a post tax profit of Rs 2.1 bln in 2014

Comments - 0 / views : 101
March 16, 2015 03:57 pm

  Sri Lanka’s biggest insurer, Ceylinco Insurance has reported another successful year, recording a post-tax profit of Rs.2.1 billion for the year ended 31st December 201...


Central Bank Governor 'on leave' pending Treasury bond probe

Comments - 0 / views : 319
March 16, 2015 03:47 pm

Under-fire Sri Lankan Central Bank (CB) Governor Arjuna Mahendran on Monday went on leave pending the completion of a probe into allegations of insider trading in a Treasury bond i...


Merchant Bank gets new board of directors

Comments - 0 / views : 138
March 16, 2015 03:18 pm

  The Merchant Bank of Sri Lanka (MBSL) on Monday announced a new board of directors with R.P.K. Gallage appointed as its chairman. The other new directors, all non exec...


Changes to 15% interest scheme to benefit those retiring after Jan 31

Comments - 0 / views : 342
March 13, 2015 11:52 am

The Central Bank on Friday was scheduled to issue a new directive to banks permitting senior citizens who retire after January 31, 2015 to open a new account at 15 per cent interes...


Colombo shares down on bearish sentiments

Comments - 0 / views : 92
March 13, 2015 11:32 am

Colombo shares edged lower, after marginally gaining in early trades, on Friday much to the despair of traders, analysts said. They added that this slip was mainly owing to pric...


India’s Tata Housing slams Govt. allegations over Slave Island project

Comments - 0 / views : 487
March 12, 2015 05:52 pm

Tata Housing, the Indian real estate developer involved in a mega mixed development project at Slave Island in Colombo, on Thursday accused the Sri Lankan Government of arbitrary a...


PM agrees to discuss private sector wage hike

Comments - 0 / views : 92
March 12, 2015 05:31 pm

  Prime Minister Ranil Wickremesinghe has assured private sector workers that he would discuss their wage hike demand following a meeting between the PM and the Employers F...


Workers protest demanding Rs.2500 wage hike

Comments - 0 / views : 59
March 12, 2015 12:57 pm

Some private sector trade union members staged a walk out on Thursday demanding that the proposed interim-budget wage increase of Rs.2500 be made law, union leader Anton Marcus sai...


Colombo bourse shows signs of early gains

Comments - 0 / views : 49
March 12, 2015 11:56 am

Colombo equities surrendered to early gains on Thursday, breaking the downward slump that lasted eight straight days, analysts said. By Wednesday it had recorded the longest losing...


Ceylon Chamber hosts business forum with visiting Indian Prime Minister Modi

Comments - 0 / views : 70
March 11, 2015 05:06 pm

Indian Prime Minister Narendra Modi will address Sri Lanka’s top business leaders on Friday in Colombo during a visit to the country. The evening event, organised by the Ceylo...


Colombo shares slide for 8th straight day!

Comments - 0 / views : 46
March 11, 2015 03:40 pm

Colombo equities swung between gains and losses on Wednesday to wrap up the day in red, resulting in the bourse’s downtrend for the eighth consecutive day. The benchmark All S...


Under-fire Central Bank Governor flies to Singapore, LA

Comments - 2 / views : 885
March 10, 2015 07:32 pm

Under-fire Central Bank (CB) Governor Arjuna Mahendran went abroad on Monday just as a probe began on a Treasury bond issue that has drawn allegations of insider trading and favour...


Acting SriLankan CEO soon until position is advertised

Comments - 1 / views : 584
March 10, 2015 02:36 pm

National carrier SriLankan Airlines is considering appointing an individual in an acting position as CEO after its CEO of four years, Kapila Chandrasena quit on Monday, a senior ai...


Govt. accepts northern highway contract lowest bid of Rs. 348 mln

Comments - 1 / views : 785
March 10, 2015 12:00 pm

        The Road Development Authority (RDA) in a newspaper advertisement on Tuesday said it has accepted the lowest bid of Rs. 348 million from contractor Edward a...


Colombo shares slightly recover from bearish momentum in early trade

Comments - 0 / views : 53
March 10, 2015 11:29 am

        Colombo equities which started weekly operations on a negative note on Monday, bounced back in early trade on Tuesday, with renewed retail interest, analysts said. ...


Kelegama appointed chairman of Singer Industries

Comments - 0 / views : 122
March 10, 2015 09:50 am

  Dr. Saman Kelegama, Executive Director – Institute of Policy Studies (IPS), is taking over as chairman of Singer Industries from April 1 from long-serving chairman Hema...




Top Stories

Police seek public assistance to locate suspect over credit card racket

The police has sought the assistance of the public to locate a suspect who is wanted over a credit card racket in the country. Police ...

17 August 2019 - Views : 106

Sri Lanka’s first vehicle assembly plant declared open in Matugama

17 August 2019

Regional immigration office to be opened in Galle

17 August 2019

Two killed, three injured as three-wheeler tumbles 100 feet off precipice

17 August 2019



style="display:inline-block;width:300px;height:250px"
data-ad-client="ca-pub-6200193111498313"
data-ad-slot="1999573490">

 

Features & Analysis

'Strings of Harmony' : Celebrations to mark the 73rd Independence Day of India

‘Strings of Harmony’ – a Santoor Jugalbandi by Pandit Shiv Kumar Sharma and his son Pandit Rahul Sh...

Sri Lankan Handicrafts Day in Beijing

The Embassy of Sri Lanka in Beijing in collaboration with the International Bamboo and Rattan Organization (INBAR), o...

Day three of Swim Week Colombo, a colourful finale

The last day of CFW Swim Week Colombo took place at Shangri La Hotel Ballroom recently. There was an excitement that ...

In Pictures : Randoli Perahera dazzles

The first Randoli Perahera of the historic Esala Perahera paraded the streets of Kandy during the weekend. A ...



style="display:inline-block;width:300px;height:250px"
data-ad-client="ca-pub-6200193111498313"
data-ad-slot="1999573490">