Business

W.T. Ellawala retiring as chairman of Janashakthi; Husein Esufally to take over

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July 30, 2015 10:00 am

    Janashakthi Insurance's longstanding Non-Executive Chairman W.T. Ellawala on Wednesday announced his retirement from the company's board, to come into effect in 201...


Top Japanese insurer takes 6% stake in Ceylinco Insurance

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July 30, 2015 08:30 am

  TOKYO, Thursday -- Mitsui Sumitomo Insurance has purchased a stake in Sri Lanka's Ceylinco Insurance, becoming the first Japanese insurer to make a foray into the island ...


Indian investor to build SL’s tallest building shaped as a tribute to Arjuna’s winning world cup team

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July 29, 2015 07:48 pm

  Shreepati Edifice (Pvt) Ltd, part of India’s biggest real estate development groups, is investing in Sri Lanka’s tallest building in a tube-shaped structure as a trib...


Colombo equities gain on blue chips

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July 28, 2015 05:34 pm

Colombo equities on Tuesday brushed off losses made on Monday as blue chips helped lead the market higher, analysts said. The main All Share Index recouped and touched a high of 7...


Colombo bourse regains lost shine

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July 28, 2015 01:00 pm

The Colombo bourse opened high on Tuesday on gains after yesterday's profit taking and was firmer by early noon, analysts said. The benchmark All Share Price index advanced 0.38...


Android flaw lets hackers break in with a text message

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July 28, 2015 11:24 am

(AFP)Cyber security firm Zimperium has warned of a flaw in the world's most popular smartphone Android operating system that lets hackers take control with a text message. "Attack...


Don’t forget bitter lessons learnt during 2010- 2012 CSE - SEC Chairman

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July 24, 2015 05:05 pm

Thilak Karunaratne, Chairman of Securities and Exchange Commission (SEC) urged capital market stakeholders to not forget the bitter lessons learnt during 2010- 2012 share market cr...


Bullish sentiments from domestic traders spike Colombo shares

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July 23, 2015 11:22 am

Bullish sentiments from domestic investors drove Colombo's market indices to early gains on Thursday, analysts said. The All share Price Index advanced sharply by 23 index points ...


Rare move: Husein Esufally, new Deputy Chairman at Janashakthi Insurance

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July 23, 2015 09:53 am

  Husein Esufally, new Deputy Chairman at Janashakthi Insurance Janashakthi Insurance has appointed well-known corporate leader Husein Esufally on the board to a new positio...


Controversial law permitting foreign land ownership passed in the Maldives

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July 22, 2015 06:32 pm

  MALE - Foreigners will soon be permitted to own land – instead of only leasing it - in the Maldives under a constitutional amendment passed in parliament on Wednesday b...


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Hatton - Colombo road blocked due to earth slide

The vehicle movement along the  Hatton-Colombo main road is currently blocked at Watawala due to an earth slide, the Watawala Police said. The...

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Water cut in Gampaha on Aug 17

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