Business

CORRECTED: Hemaka de Alwis, new chairman at SriLankan Airlines

Comments - 2 / views : 1959
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!

Comments - 1 / views : 342
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...


Arjuna appointed as Governor of SL’s Central Bank

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January 19, 2015 02:33 pm

Arjuna Mahendran, an accomplished Sri Lankan banker who started his career at the Central Bank (CB), has been appointed as the new Governor and likely to take up his appointment in...


Galle Face land sales went to Defence Min. account against Treasury regulations

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January 19, 2015 02:24 pm

Former Defence Secretary Gotabhaya Rajapaksa’s contention on Monday that money from the sale of land at Galle Face went into a special Defence Ministry account was against all Tr...


Were some stock brokers summoned to the CID?

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January 19, 2015 01:31 pm

  Speculation was rife in the Colombo stock market a while ago (around 12. 30) on Monday that some brokers had been summoned to the Criminal Investigation Department (CID). Howe...


Colombo shares drop on retail profit taking at mid-day

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January 19, 2015 12:13 pm

  Retailers cashed in on their investments at the Colombo share market on Monday amidst allegations of corruption and corrupt practices levelled at the previous Sri Lankan regime...


Shamed former IMF boss was on Sri Lanka CB’s payroll, was here on Oct 26-28, 2014

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January 19, 2015 09:34 am

Dominique Strauss-Kahn, the shamed former IMF Managing Director involved in many sex scandals, unknowing to many had been hired as a costly advisor to Sri Lanka’s Central Bank (C...


Colombo shares drop on retail profit taking

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January 16, 2015 03:39 pm

    The Colombo share market on Friday dipped on the back of retail profit taking stemmed by still simmering political developments despite the election of a new president,...


Special coin issued to mark Pope Francis' visit to Sri Lanka

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January 14, 2015 08:40 am

The Central Bank of Sri Lanka has issued a commemorative silver coin with a face value of Rs.500 to mark the visit of His Holiness Pope Francis to Sri Lanka. The coin was present...


Colombo shares fail to sustain momentum on retail profit-taking

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January 13, 2015 02:42 pm

Colombo share market started off on a positive note on Tuesday morning but failed to sustain this momentum at close on the back of retail profit-taking stemmed by the shaky politic...


Lankan chambers welcome new president, cabinet; says prepared to help in governance reforms

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January 13, 2015 02:04 pm

Business chambers and industry chambers on Tuesday began sending customary messages welcoming Sri Lanka's new cabinet. Among the first to do so was the Ceylon Chamber of Commerc...


Colombo shares gain after SL appoints new cabinet

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January 13, 2015 11:40 am

The Colombo share market started off on a positive note on Tuesday morning withparticipation by both retailers as well as institutional and high networth investors, amidst the high...


Colombo bourse nervous over shaky new administration’s first steps

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January 12, 2015 05:34 pm

Colombo shares on Monday, despite the high turnover levels, remained volatile primarily due to the uncertainty surrounding the current political situation. New President Maithri...


Lawyers to protest outside Supreme Court against CJ Peiris

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January 12, 2015 10:47 am

A group of lawyers is planning a protest demonstration at the Supreme Court premises this morning (Monday) demanding that the Chief Justice Mohan Peiris steps down. The latter was ...


Controversial SEC Chairman Godahewa quits

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January 10, 2015 09:13 am

        Nalaka Godahewa, Chairman of Sri Lanka's Securities and Exchange Commission (SEC) who courted a lot of controversy, quit on Friday, informed sources said.   The ...


Lanka’s controversial Central Bank governor resigns

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January 09, 2015 03:51 pm

Sri Lanka’s controversial Central Bank Governor Ajith Nivard Cabraal on Fridayresigned from his position after President Mahinda Rajapaksa lost a bid to seek a third term in o...


Treasury Secretary flies to Singapore, CB Governor Cabraal stepping down

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January 09, 2015 12:22 pm

    Speculation was rife on Friday (morning) that Central Bank Governor Ajit Nivard Cabraal had stepped down following the defeat of Sri Lankan President Mahinda Ra...


Colombo bourse salutes new Sri Lanka President

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January 09, 2015 12:03 pm

Sri Lanka’s share market was upbeat on Friday with turnover soaring to close to Rs 2.7 billion turnover just as common opposition candidate, Maithripala Sirisena was declared the...


Sri Lanka’s top chamber appeals for calm in post-poll period

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January 08, 2015 05:57 pm

      Sri Lanka’s Ceylon Chamber of Commerce on Thursday appealed for calm at the end of polling at the presidential election. In a statement, it said ...


Colombo shares mixed amidst Sri Lanka votes in the presidential poll

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January 08, 2015 01:23 pm

The Colombo stock market didn’t veer to either side of the political fence with mixed results on Thursday on a day when millions of Sri Lanka’s voted at the presidential poll. ...


Colombo shares open mixed as Sri Lanka goes to the polls

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January 08, 2015 11:01 am

Colombo shares opened mixed on Thursday just as Sri Lankans went to the polls to decide the fate of incumbent President Mahinda Rajapaksa. The president is seeking a third term in...


Emergency call centre for tourists in view of Lankan polls

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January 07, 2015 04:25 pm

Sri Lanka Tourism along with the Sri Lanka Association of Inbound Tour Operators and the Tourist Hotels Association of Sri Lanka has opened a 24-hour call centre in Colombo for the...


Colombo shares up on election prospects

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January 07, 2015 03:52 pm

    Colombo shares gained on Wednesday with improved turnover and analysts saying that the market was ‘highly excited’ about the presidential elections tomorrow...


Restricted hours at Sri Lankan banks tomorrow owing to election

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January 07, 2015 01:16 pm

Sri Lankan banks will operate fewer hours tomorrow (Thursday) owing to the presidential vote taking place on the same day. The Bank of Ceylon said in a newspaper advertisement t...


Colombo shares maintain New Year cheer on both indices

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January 06, 2015 03:40 pm

The Colombo stock market on Tuesday kept up the momentum from last Friday, being the second trading day since the dawn of the New Year when both indices posted near 1 per cent gain...




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