Business

Colombo shares down

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February 27, 2015 03:53 pm

      Colombo equities didn’t sustain the momentum on Friday, reflecting mixed investor sentiment due to the changes in the policies taking place in the c...


15% interest rate for senior citizens’ depositors from today (Thursday)

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February 26, 2015 10:02 am

  15% interest rate for senior citizens’ depositors from today (Thursday) The 15% special interest rate for depositor senior citizens is being accepted by all Sri Lankan comme...


SEC should not be involved in promotions-SEC chief

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February 26, 2015 09:53 am

  Sri Lanka’s Securities and Exchange Commission (SEC) should not be involved in marketing and promotions, SEC Chairman Thilak Karunaratne said on Thursday. Speaking at the tr...


Private sector workers demand Rs.2500 wage hike

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February 26, 2015 09:50 am

    Private sector workers mainly from the Free Trade Zone (FTZ) held a protest on Wednesday demanding an increase in wage allowance by Rs.2500 as proposed in the i...


Colombo shares close mixed on heavy sell off

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February 25, 2015 03:15 pm

The third trading day of the week on Wednesday saw a stumble in the Colombo equities due to heavy retail investor sell off, analysts said. "This largely stemmed from the policy unc...


Sajin Vass’ COSMOS flying school gets licence extension

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February 25, 2015 01:50 pm

The COSMOS Aviation owned flying school on Wednesday was given an extension of one week for a licence to operate the flying school pending audit by the Civil Aviation Authority (CA...


Colombo shares up on returned confidence

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February 25, 2015 12:22 pm

Colombo equities gained momentum on Wednesday by noon due to the returned investor confidence, analysts said. They added that a positive outlook over the country’s economy had op...


15% special interest rate to senior citizens cleared for take off

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February 24, 2015 03:48 pm

The 15 per cent special interest to senior citizens as announced in last month’s budget on Tuesday was cleared for take-off by the Finance Ministry and will now be implemented b...


Sri Lankan shares lose ground on Tuesday

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February 24, 2015 03:33 pm

      Colombo shares lost ground on Tuesday, owing to pressure from not-so-good-results posted by listed companies and the fact that corporate taxation matt...


Lankan trade unions protest tomorrow over wage hike issue

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February 24, 2015 03:30 pm

      Private sector employees are set to protest opposite the Katunayaka Free Trade Zone (FTZ) tomorrow demanding a wage hike of Rs.2,500 for eight million workers as propos...


Current interest rates to remain, Central Bank said

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February 24, 2015 09:27 am

  The Monetary Board of the Central Bank on Tuesday, contrary to expectations from Sri Lanka’s money markets, announced that policy interest rates will remain as it is. ...


Commercial Bank assets up 31.29% to Rs. 795.6 bln in 2014

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February 23, 2015 04:36 pm

    The Commercial Bank of Ceylon PLC ended 2014 on a strong note, withstanding challenging conditions in Sri Lanka and Bangladesh to post profit before tax of Rs. 15.736 billion...


Central Bank asked to step in to speed up GK depositors’ dues

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February 23, 2015 03:42 pm

      Sri Lanka’s Central Bank will directly intervene in settling deposits of Golden Key depositors under the new government’s 100 day programme., repr...


Colombo shares mixed ahead of Central Bank meeting on interest rates

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February 23, 2015 03:18 pm

Colombo equities were mixed on Monday with analysts saying that investors are anticipating an interest rate hike at today’s Monetary Policy Review by the Central Bank. The res...


Top Malaysian envoy to ring CSE bell on Thursday

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February 23, 2015 02:15 pm

    Special Envoy of the Malaysian Government Dato’ Seri Utama S. Samy Vellu will participate at the market opening ceremony of the Colombo Stock Exchange (CSE) on Thursday, ...


Colombo shares up on institutional and offshore trades

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February 20, 2015 03:56 pm

Colombo equities gained on Friday, closing the day on a positive note due to index weighted counters closing higher with institutional and offshore entities active in the mark...


Colombo shares up in early trading on recharged trader confidence

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February 20, 2015 11:04 am

    Colombo equities gained ground in early trading on Friday mainly due to the returned investor confidence backed by improved financial performance of the corpora...


Central Bank monthly policy review on Feb 24

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February 19, 2015 05:06 pm

  The Central Bank of Sri Lanka's monetary policy review for February will be issued on the morning of Tuesday, February 24 after the Monetary Board meets the previous day,...


SEC commissioners meet for the first time under new regime

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February 16, 2015 07:38 pm

  The first meeting of the Securities and Exchange Commission (SEC) under the new regime was held on Monday afternoon with the new commission members and new Chairman Thila...


Samarasiri is CB Senior Deputy Governor, two new directors appointed to Central Bank

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February 16, 2015 03:52 pm

  Sri Lanka’s Central Bank has opened two new departments focussing on risk management and audit aimed at minimising some of the problems in the past during the tenure of...


Colombo shares drop on interest rate hike anticipation

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February 16, 2015 12:29 pm

Colombo bourse was down on Monday's start, continuing from the losses it posted on Friday amidst volatile sentiments on expectations of an interest rate hike and mixed signals on i...


Colombo shares down on heavy sell off

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February 12, 2015 04:28 pm

  Colombo shares couldn’t sustain the bullish momentum and saw a heavy sell-off on Thursday, with analysts saying that this was due to index weighted counters dipping. ...


Colombo shares down after a 5-day high on profit taking

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February 12, 2015 12:43 pm

Colombo shares in early trade on Thursday couldn’t sustain the bullish market momentum that lasted for five days with reports of an increase in Treasury bill rates dampening enth...


SriLankan Airlines’ board meets tomorrow

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February 11, 2015 11:26 am

  SriLankan Airlines has scheduled its first board meeting under the new Sirisena administration tomorrow . The national carrier is tipped to discuss state plans to merg...


Colombo bourse gains in early trade backed by political hopes

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February 11, 2015 10:24 am

      Colombo Equities continued the rally for the fifth consecutive day at Wednesday’s start on the back of positive investor sentiment with confidence o...


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...




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