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Government to rationalize the BOI regime
( Updated 2010-09-27 15:43:55 )
The Government is to rationalize the Board of Investment Incentive Regime reducing excessive concessions and concentrating on large investment projects, offficials confirmed.More

Colombo shares lose steam despite buoyant start
( Updated 2010-09-27 15:07:31 )
Despite an upbeat start, Colombo indices lost some ground on Monday owing to retailers cashing in on their gains, analysts said. More

UDA seeks Rs 5 billion more
( Updated 2010-09-27 13:37:25 )
Urban Development Authority (UDA), which raised the first debenture issue by a government institution for Rs 5 billion, wants to top it up with a similar amount as they’ve got more inquiries for subscription, officials said. More

Colombo share index surges pass 7,000 level
( Updated 2010-09-27 10:23:47 )
Colombo’s All Share Index broke the 7,000 level mark on Monday in early trade with brokers saying that traders are buoyant on the growth expectations and the recently approved fourth IMF tranche to Sri Lanka.More

Sri Lanka stocks up, blue chips in demand
( Updated 2010-09-24 16:35:33 )
Sri Lankan shares closed at another record high Friday amidst heavy trading of blue chip company and banking stocks, analysts said. More

A hydro power firm drives Colombo stocks
( Updated 2010-09-23 16:07:23 )
Sri Lankan shares closed higher Thursday in heavy trading of a hydro power company and the aftermath of the imposition of a 10% price band under new regulations, analysts said.More

Colombo stocks up amidst heavy trading in banking sector
( Updated 2010-09-21 16:33:16 )
Sri Lankan stocks continued its upward trend in trading Tuesday, after a 10 percent upward and downward price band was lifted, while heavy buying of banking and finance sector shares boosted turnover, analysts said. More

Colombo bourse rides sans price curbs
( Updated 2010-09-20 15:13:27 )
The Colombo bourse started off on a very bullish note with both indices rising above 100 points due to the removal of the 10% price band by the regulators, analysts said.More

Colombo bourse forges ahead despite Monday's new price curbs
( Updated 2010-09-17 15:30:54 )
The Colombo bourse closed this week on a positive note with both indices closing above 100 points on Friday, despite the new price curbs which are to be imposed on Monday, analysts said. More

Colombo shares continue its bullish trend
( Updated 2010-09-16 16:23:02 )
Despite the price curb rule which was introduced by the Securities and Exchange Commission to be effective from Monday, the Colombo Market continued its bullish momentum on Thursday as well with interest in the financial sector by retailers, analysts said. More

Colombo stocks up on panic selling
( Updated 2010-09-15 15:59:58 )
Sri Lankan stocks traded heavily with indices closed at a new high Wednesday ,amidst panic selling as a result of the news reports that the Securities and Exchange Commission will scrap a 10% price band from next Monday , analysts said.More

New controls on shares; 10% price band off from Monday
( Updated 2010-09-15 10:09:31 )
The Securities and Exchange Commission (SEC) will scrap the controversial price curb (price band) which was introduced last month and bring in a new formula to arrest the volatile shares and manipulations,with effect from Monday the 27th, according to informed sources. More

Colombo traders take slight profits; but bourse recovers
( Updated 2010-09-14 17:17:41 )
The Colombo bourse started off on a bullish note on Tuesday following on from Monday's close but soon lost ground in mid session due to profit taking. More

Colombo traders make slight profits; but bourse recovers
( Updated 2010-09-14 17:13:46 )
The Colombo bourse started off on a bullish note on Tuesday following on from Monday's close but soon lost ground in mid session due to profit taking. More

Colombo market gears for upward trend
( Updated 2010-09-13 15:23:21 )
Colombo traders geared up for an exciting week on Monday with plenty of positive sentiments flying around, analysts said. More

Colombo stocks up amidst heavy retail trade on selected shares
( Updated 2010-09-09 16:33:30 )
Colombo retailers were collecting hotel and manufacturing shares on Thursday, to end the 4-day week on a positive note, analysts said. More

Asiri to put a 100 bed hospital in Kandy
( Updated 2010-09-09 15:35:35 )
The Asiri Hospitals PLC will ink a deal to acquire Digasiri Medical Hospitals owning a 2-acre land in Kandy later today, (Thursday the 9th) according to Asiri officials. More

Colombo shares up; price band may continue
( Updated 2010-09-08 15:02:31 )
Colombo shares witnessed a rally by traders with across the board buying right throughout the day on Wednesday with analysts saying that now the market has learnt to ‘play’ within the price curb.More

Colombo shares close on mixed trade
( Updated 2010-09-07 15:32:40 )
The Colombo shares got off to a rather choppy start on Tuesday with investors showing some mixed sentiments, while retaliers absorbed most of the selling pressure at the end of the day, analysts noted. More

Colombo traders take slight profits
( Updated 2010-09-06 15:21:09 )
Colombo market started off on a positive note with both indices recording gains but soon lost ground due to profit taking on Monday, analysts said. More

Colombo market up on buoyant sentiment
( Updated 2010-09-03 16:05:04 )
Positive market sentiment continued at Colombo bourse on Friday with local high net worth and retail investor participation seen across the board, analysts said. More

Colombo stocks up on heavy hotel sector trading
( Updated 2010-09-02 17:10:11 )
Sri Lankan stocks closed higher Thursday with heavy trading in hotel and plantation shares, analysts said. More

CSE tightens related party disclosures of listed firms
( Updated 2010-09-01 16:47:25 )
The Colombo Stock Exchange (CSE) on Wednesday directed listed entities to make ‘immediate’ disclosures with regard to related party transactions, a CSE statement said. More

Colombo stocks up amidst investor interest in finance companies
( Updated 2010-09-01 16:06:05 )
Colombo indices gained Wednesday with investor interest seen on finance companies, analysts said.More

Colombo trade choppy, but indices end up
( Updated 2010-08-31 16:16:18 )
The trading at the Colombo bourse ended in a positive trend after a day’s choppy transaction on Tuesday, with persistent investor interest in finance companies such as The Finance (up10%) and Vallibal Finance, analysts said. More

19-day strike at Lanka Tiles ends
( Updated 2010-08-30 18:42:49 )
The 19-day strike over wage demands at Lanka Tiles PLC ended on Monday after a mutual agreement was reached betwee unions and the management, company officials said. More

Colombo shares down on low retailer sentiment
( Updated 2010-08-30 15:49:30 )
Colombo investors were at low ebb on Monday amidst heavy trading in hotel stocks, analysts said. More

Colombo market sees subdued activity
( Updated 2010-08-27 15:38:36 )
Colombo bourse witnessed mixed signals coupled with modest activity levels on Friday in early trade, with analysts saying that towards the end traders lapped up some index strong shares. More

JKH switches tourism properties in the Maldives
( Updated 2010-08-27 09:28:00 )
Sri Lanka's John Keells Holdings said on Friday that it has concluded a leasing switch of tourism properties in the Maldives. More

Colombo shares see volatile trading
( Updated 2010-08-26 16:02:03 )
Colombo bourse saw some sluggish trading on Thursday to end both indices on a positive note, but analysts said that share prices gained as Treasury Bill yields declined further. More

Controversial price bands to remain-Sri Lanka’s SEC
( Updated 2010-08-25 21:34:16 )
Sri Lanka’s Securities & Exchange Commission (SEC) on Wednesday stumped brokers by deciding to continue with the controversial price bands at the Colombo bourse, industry sources said. More

Overseas Realty in Rs 4 billion rights issue
( Updated 2010-08-25 17:33:15 )
Sri Lanka’s Overseas Realty Ceylon Ltd (ORCL), the owning company of the World Trade Centre in Fort and the upcoming Havelock City, said on Wednesday that it was planning to raise Rs 4.2 billion through a rights issue of 281 million shares. More

Colombo market witnesses subdued activity
( Updated 2010-08-25 16:01:25 )
The Colombo bourse witnessed somewhat subdued activity with the rally on poultry share such as Bairaha Farms (up 10%), Three Acre Farms (up 10%) and Ceylon Grain Elevators (up 10%) continuing,on Wednesday , analysts said. More

Asia Capital controls 70.9% of Asian Alliance Insurance
( Updated 2010-08-23 18:02:52 )
Sri Lanka’s Asia Capital Group said on Monday that it has increased its stake in Asian Alliance Insurance to 70.9 %. More

Colombo stocks in mixed trade on Monday
( Updated 2010-08-23 15:39:43 )
Colombo stocks showed a mixed bag during Monday’s trades with the All Share index gaining marginally by 0.02 % while the blue-chip Milanka index eased by 0.04 %, brokers said. More

Colombo retailers take marginal profits
( Updated 2010-08-20 15:40:09 )
The Colombo market started off on a positive note but couldn’t hold onto its gains as both indices slipped slightly towards the end as a result of profit taking, analysts said.More

Interest rates: CB cuts reverse repo, but repurchase rates unchanged
( Updated 2010-08-20 12:07:24 )
The Monetary Board of the Central Bank on Friday said it was cutting the Reverse Repurchase rate by 50 basis points with immediate effect, while keeping the Repurchase rate unchanged. More

Lankan share price bands to be lifted next week
( Updated 2010-08-19 18:23:48 )
The controversial price bands in the Colombo bourse- which has drawn mixed reaction from brokers and investors - are to be withdrawn next week, sources at the Securities & Exchange Commission (SEC) said on Thursday. More

Hotel sector stocks trade heavily at Colombo bourse
( Updated 2010-08-19 17:08:17 )
Sri Lankan stocks passed the 5,500 points mark Thursday, from high buying interest on hotel sector shares, while deals on JKH and Lion Brewery boosted revenues, analysts said. More

No change in Colombo stock market price bands
( Updated 2010-08-18 21:43:48 )
Sri Lanka’s Securities and Exchange Commission (SEC) on Wednesday postponed any decison on a review of the price bands in the Colombo bourse despite proposals from brokers urging that it is abandoned. More

Colombo stocks up; awaiting news of price curbs lift
( Updated 2010-08-18 16:12:32 )
Colombo’s positive market momentum continued on Wednesday with analysts saying that traders and investors both are expecting some ‘good’ news on the 10% price curb imposed by the Securities and Exchange Commission (SEC). More

Colombo markets show buoyancy again
( Updated 2010-08-18 13:59:42 )
The Colombo stock market on Wednesday appeared to be returning to its former glory, after crashing last week over the imposition of price curbs, with turnover at over Rs 3 billion and 61 million shares traded just after noon. More

Sri Lanka’s Tax Dept. grinds to a halt
( Updated 2010-08-18 12:34:42 )
Work at all the sections of the Inland Revenue Department (IRD) head office in Colombo came to a standstill on Wednesday following a ‘sick note’ protest campaign by tax officers against against the failure of the government authorities to arrest and punish those who were responsible for the attack on M.H Denzil, Deputy Tax Commissioner of the Matara branch of the Tax Department. More

SEC to decide later today on price curbs issue
( Updated 2010-08-18 12:28:15 )
Sri Lanka’s Securities and Exchange Commission (SEC) is reviewing the submissions by the Colombo Stockbrokers Association (CSBA) relating to price curbs, an SEC official said on Wednesday morning.More

Brokers send representations on price curbs to SEC
( Updated 2010-08-17 17:08:50 )
The Colombo Stockbrokers Association (CSBA) sent their representations on price curbs imposed by the Securities and Exchange Commission (SEC) to the SEC on Tuesday morning, CSBA officials said. More

Colombo shares up on relief in price curbs
( Updated 2010-08-17 15:40:34 )
Colombo investor sentiment improved on Tuesday, with heavy trading on popular retail stocks with brokers saying that news of some relief on price curbs by the Securities and Exchange Commission (SEC) was circulating amongst both traders and investors during mid-day trading. More

Mahindra Group chief to meet Sri Lankan President
( Updated 2010-08-17 14:07:40 )
Anand G. Mahindra, Vice Chairman and Managing Director of Mahindra & Mahindra Ltd, joining a growing list of top Indian businessmen visiting post-war Sri Lanka, arrived in Colombo on Tuesday on a 2-day visit in which a meeting with President Mahinda Rajapaksa has also been scheduled, local organisers said. More

LOLC buys Jetwing stake in southern hotel
( Updated 2010-08-17 12:57:28 )
The Jetwing Hotel group on Tuesday sold its entire (60%) stake in Tropical Villas, a hotel property at Beruwela for Rs 310 million to the LOLC Group which has entered the leisure sector in a big way, the Colombo Stock Exchange (CSE) was informed. More

Colombo bourse starts settling
( Updated 2010-08-16 15:38:36 )
Colombo’s share market remained sluggish with turnover under a billion, with analysts saying that it appears to be settling down from the recent setbacks. More

Singapore directors to discuss Overseas Realty expansion drive
( Updated 2010-08-16 13:04:33 )
The Board of Directors of Shing Kwan group headed by S.P Tao, the major stakeholder of Sri Lanka's Overseas Realty Ceylon, is now in the island to explore possibilities of expanding its operations in the real estate sector in Sri Lanka, a senior official of the company said. More

Cargills to move out of its 'grand' old building in Fort
( Updated 2010-08-16 12:36:02 )
Cargills Group this week reported post-tax profit of Rs. 312 million for the first quarter in financial year 2009/10 and said it's moving its corporate office in Fort to a new purpose-built head office complex in Colombo 2 (Slave Island). More

Colombo bourse seen settling down this week
( Updated 2010-08-16 09:46:20 )
Colombo stockmarkets opened on a subdued note on Monday after up-and-down trading last week, brokers said. More

Colombo shares rebound on fundamental stocks
( Updated 2010-08-13 15:58:40 )
The Colombo share market rebounded on Friday after two days of sliding with buying coming in for fundamentally sound counters, analysts said. More

Lanka Tiles workers on strike over wage demands
( Updated 2010-08-13 10:41:03 )
Lanka Tiles PLC (LWL) employees went on strike on Thursday over wage demands which could cost the company millions of rupees in lost production, according to officials. The strike continued on Friday. More

SEC promises brokers a ‘breather’ on price curbs
( Updated 2010-08-12 18:29:20 )
The Securities and Exchange Commission (SEC) on Thursday promised stockbrokers ‘some’ respite soon on the price curbs when some of them met the regulator, brokers who were at the meeting, said. More

Colombo indices slide further
( Updated 2010-08-12 15:43:05 )
Selling pressure continued at the Colombo bourse on Thursday which saw low turnover and activity levels, analysts said. More