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...

Further clarity on confusing 15% interest to senior citizens

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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!

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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

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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

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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

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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

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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

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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...

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