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Minister and All Ceylon Muslim Congress Leader Rishad Bathiudeen yesterday reiterated that he never made any threat to the Mannar Magistrate and District Judge. He said he had not seen the Judge or contacted him over any matter. “As a responsible Minister, I know the gravity of the crime and the consequence of threatening a ...
In response to the Daily FT article published on Monday capturing comments made at the President’s forum with capital market stakeholders on Friday, former SEC Chairperson Indrani Sugathadasa said yesterday: “I want to reiterate that I resigned from the SEC post upholding my principles
By Cheranka Mendis Asia Leisure, a fully-owned subsidiary of Asia Capital Group, yesterday announced a strategic tie-up with Japan Capital Pvt. Ltd., through which the latter has made an initial investment of US$ 1.8 million in Asia Leisure’s property in Wadduwa. Anticipated to be up and running by June/July next year, Japan Capital has bought ...
The IFS has sent a statement correcting Daily FT’s 19 July article titled ‘Gartner endorses IFS Applications’. IFS said the correct headline should be Gartner comments IFS applications in their report. Quoting extracts from the Gartner report on Magic Quadrant for Single-Instance
Says trade before politics and wants better connectivity for businessmen By Uditha Jayasinghe Sri Lanka should tap into the south Asian region, which is putting trade before politics, said a top official, calling for Sri Lanka to move ahead with the Comprehensive Economic Free Trade Agreement (CEPA). South Asian Association for Regional Cooperation (SAARC) Chamber ...
The Colombo Bourse’s performance will be under scrutiny today following what brokers described as “very positive” meeting on Friday with President Mahinda Rajapaksa who was emphatic that the stock market must be revived. The market on Thursday gained by 1.5% ahead of President’s meeting though on Friday it closed almost flat with low activity as ...
More expansion planned to ride the post-war rebound in tourism and entertainmentBy Cheranka Mendis Hilton Colombo Residence has embarked on a major renovation plan for the hotel to reap post war benefits starting with the expansion and refurbishment of its Union Ballroom. Completed in seven months at a cost of US$ 3 million, the Union ...
Acuity Stockbrokers Ltd. on Wednesday sent a strong message that it is time investors grabbed early opportunities to invest in equities based on attractive valuations as the “Lion” is leading frontier markets. Its latest research report on the Lankan economy and equity market was launched via a forum involving an expert panel and its clients. ...
With reference to Daily FT’s response (published on 9 July 2012) to Opposition Leader Ranil Wickremesinghe’s comments in Parliament on 5 July 2012, he made a further statement on 18 July. Here is the full text of Wickremesinghe’s statement made in Parliament on 18 July: "
Industry experts urge disillusioned local investors to ‘buy when it’s down and sell when it’s up’ In a highly volatile atmosphere and with low investor confidence in the Colombo Bourse, experts earlier this week went against the negative sentiments and instead stated that now is the time to buy. These views were aired at a ...
The relatively low rate under which the $ 1 billion 10-year sovereign bond issue was concluded is largely due to overall low yields in global markets and not necessarily because of claimed improvement in Sri Lanka’s fundamentals or the economy, independent analysts told the Daily FT yesterday
Sri Lanka’s $ 1 billion10-year sovereign bond launched on Tuesday saw strong demand, being oversubscribed by more than 10 times before the order book was closed, Reuters said, quoting unnamed sources close to the deal. “As of now it has been oversubscribed by more than 10 times and we see strong demand for the ...
Gaining effective control in Browns and Moody’s linked unit’s A- rating are positive developments say analysts Further improvements likely as LOLC progresses towards diversified holding company milestone LOLC last week effected what could be estimated as Rs. 7 billion mark topping acquisition since January 2010 as part of properly repositioning it as a diversified holding ...
The Daily FT participated in a familiarisation tour to Thailand by Cathay Pacific Airways and the Tourism Authority of Thailand (TAT), Mumbai, in the last week of June. Cathay flies three times a week to Bangkok from Colombo on every Monday, Wednesday and Friday. Following is part III
With reference to “Third Exporters forum forges ahead” published in yesterday’s Daily FT, S.R. Metals has sent the following clarification. The article says “thereafter S.R. Metals, a scrap metals firm thanked the forum for resolving the issue regarding Removing the ban
The Daily FT’s double spread analysis Monday on the perceptions of manipulation versus statistics on regulatory action on malpractices in the Colombo Stock Exchange elicited a lot of discussion within capital markets over the pros and cons. We invite FT readers to have their say by voting
Over the last few years, social media has created many industries, offered an abundance of visual and audio entertainment, and changed the face of technology. But has this change actually changed us, or the world we live in? Sharing expert views on social media and its exponential growth in Sri Lanka, Etisalat Lanka Senior Manager Marketing Gamika ...
Last week in Parliament, Opposition Leader Ranil Wickremesinghe singled out Daily FT in his usual criticism on newspapers. Among various allegations made by Wickremesinghe was that the FT is one of the papers which is in the pay of the so-called “stock market mafia” and the Central Bank
"We expect all reports must be true and accurate. Today I found in the FT that what I said (yesterday) is reported in three sentences (reference to 5 July Daily FT’s Page 1 story titled ‘Ranil calls for suspension of EPF investments’). I want to bring this to your (House
Several young politicians and professionals will next week share their key insights to positioning Sri Lanka in the global economy at a platform convened by the premier private sector lobby Ceylon Chamber of Commerce. The young leaders will include MP Vasantha Senanayake, MP (Dr.) Harsha De Silva, MP Bimal Ratnayake, MP Sunil Handunnetti, MP M.A. ...
The one stop shop for all household furniture needs using ‘The Carpenter’ showcased its range recently at the Kedella Living in Style exhibition. Here are some that were captured by Daily FT photographer Kithsiri De Mel
Sri Lanka CEO Nick Nicalaou dismisses exit rumours; says local operations robust and post-war future in the country looks very promising World’s local bank celebrates 120 years of excellence in Sri Lanka on 1 July, invests $ 7 m for major upgrade of Head Office in Fort By Nisthar Cassim HSBC, which is ...
In a major breakthrough in financial services industry, New World Securities Ltd. has succeeded in attracting over Rs. 2 billion worth of Japanese investments so far in to Government bonds with more on the cards. “We have successfully drawn around Japanese Yen 1.2 billion (over $ 15 million in face value) funds into Government securities ...
We write to draw your attention to the news item under the heading of ‘Team sprit among MBA students at the University of Peradeniya’ with two pictures in the Daily FT on 22 June using the name an ‘Outward-Bound’ in the context of the Training Program organised
of the EPF which is “a large investor in Sri Lankan banking stocks.” The Daily FT yesterday ...
S&P Sri Lanka 20 index goes live joining a base of indices globally with an exposure of over $ 1.45 trillion CSE Chief says credible, transparent index will have a positive impact The battered Colombo stock market yesterday got a fresh boost with world renowned S&P launching a dedicated index in partnership with the CSE. ...
The lingering woes of the Colombo stock market, which until last month had lost Rs. 400 billion in value, have drawn the concern of the country’s Chief Executive, the Daily FT learns. Prior to taking off to Cuba and Brazil, the current situation of the Colombo Bourse, the world’
Right of Reply Following is the Securities and Exchange Commission statement in reply to the front page article in the Daily FT of 19 June 2012 under the heading “Top Government politico among investors summoned by SEC via ‘fiery’ notice”. SEC notes with grave concern
By Marianne David MP and consultant economist Dr. Harsha De Silva yesterday alleged that THE UNP’s criticism over the mismanagement of the economy and the Central Bank as well as the EPF’s investments in banking stocks have been emphatically validated by global rating agency Standard and Poor’s.“Standard and Poor’s reiterated what we have been saying ...
Yesterday’s edition of Daily FT carried the wrong photo caption of two guests at the pictorial of the Oliver Franc Jazz quintet at MLH. The error is regretted.