Sri Lanka News Explorer
Last 7 Days
Older News
- Older than 2023-Dec (66)
- 2023-Dec (1)
- 2024-Jan (2)
- 2024-Feb (1)
- 2024-Mar (1)
- 2024-Apr (1)
- 2024-May (2)
Narrow by Category
- Breaking News (57)
- Business (17)
By Ashwin Hemmathagama The scandalous share transaction between the National Savings Bank (NSB) and The Finance Company PLC (TFC) took a new turn last week, with United National Party Member of Parliament Dr. Harsha de Silva highlighting other questionable stock market activities involving the Employees’ Provident Fund (EPF). Ceylon Grain Elevators PLC, Laugfs Gas PLC ...
- TFC buy against NSB Act: Legal experts (Category: Business)
- NSB Head gives quit notice (Category: Business)
- NSB-TFC deal: CID questions Kariyawasam (Category: Business)
- NSB conspicuous by its silence on allegations over TFC buy (Category: Business)
By an Analyst There is no doubt and there is near unanimity that overregulation by the previous Securities and Exchange Commission arising from inexperience, lack of knowledge and lack of correct strategies was the prime cause for the market collapse witnessed today. The SEC without any foresight and professionalism has introduced ad hoc legislation detrimental ...
- Serious decline of the stock market under the present SEC (Category: Business)
- Broker Credit Drives Up Market (Category: Breaking News)
- Politicos , Brokers ; Bourse’s Tailwind (Category: Breaking News)
- Majority of brokers recommend PLC IPO as buy (Category: Business)
Noting that the NSB-TFC deal is peanuts, the main Opposition UNP yesterday declared that the bigger problem was questionable investments by the EPF and demanded immediate answers from a 'dodgy' Government. Following is the full text of the statement issued yesterday by UNP MP and its spokesman on economic matters Dr. Harsha De Silva: Article ...
- Motion Against EPF To Further Expose The Regime (Category: Breaking News)
- UNP vows to prove the truth (Category: Business)
- Attempt to table messy draft bill again (Category: Breaking News)
It is very tragic that Sri Lanka may lose the confidence of the business world both locally and internationally courtesy of the Government-appointed nominees of the State. I like to highlight just two such incidents with no bias. The first was the rundown of foreign reserves. The Central Bank went on saying there is no ...
Parliamentary accountability The Parliament, as the country’s foremost representative institution, has the sole authority over national resources and financial allocations and concurrently has a prominent role to play in fiscal responsibility, the budgetary process, economic development and effective transparent economic and financial management, with a view to assuring sustainable growth an...
- Chandra J sends his proposals for 2013 Budget to the President (Category: Business)
- Accelerating growth: catching the wave or missing the bus (Category: Business)
- Time for reflection, reality check, risk mitigation and lessons learnt action (Category: Business)
The country’s forex market encompassing highly dependent importers and key source exporters was yesterday rocked by what analysts described as the sharpest day gain in the US dollar exchange rate. Before mid-day the Rupee touched a new low of Rs. 127 and then on to Rs. 128 prompting many to assume the rate had bottomed ...
- Rupee hits new low despite inflows (Category: Business)
- CB gives fresh boost to CSE (Category: Business)
- Markets becalmed (Category: Business)
- Rupee weakens on importer dollar demand (Category: Business)
Benito Mussolini, the fascist ruler of Italy, during World War II, said that his brand of fascism ‘should be more appropriately called Corporatism, because it is a merger of state and corporate power’. Compare this with the dictionary definition of capitalism: ‘A system in which a country’s business and industry are controlled and run for ...
- Entrepreneur and the profit motive (Category: Business)
- The rise of State capitalism: new masters of the universe or an ominous portent? (Category: Business)
- State Capitalism: Revitalising underperforming businesses the Mussolini way (Category: Business)
- Governance - Four examples; two bad and two good (Category: Business)
Stock market plunges further; Rs. 69 b in value wiped off One year loss of value is a staggering Rs. 766 b EPF and foreign buying saves Bourse after near 5% crash Rupee dips to all-time low of Rs. 120; likely to settle down though triggering panic in import trade Crisis could be an understatement ...
- ‘Boom’ is back? (Category: Business)
- Stock market dip aggravates (Category: Business)
- Investor confidence worsens by the day; bourse loses Rs. 53 b in value (Category: Business)
- CB gives fresh boost to CSE (Category: Business)
The Inter Company Employees’ Union (ICEU) affiliated to the Janatha Vimukthi Peramuna (JVP) has written to the Labour Commissioner about the risk of employees at the Pelwatte Sugar Company losing their jobs and requested an urgent meeting to discuss several key issues. ICEU Head Wasantha Samarasinghe has stated in the letter that the Pelwatte Sugar ...
- Six star hotel in Sri Lanka soon (Category: Business)
- Sri Lanka sugar company taken over by government in crisis - Union (Category: Breaking News)
- Cane Tale (Category: Business)
- Sell Down (Category: Business)
‘A ruler with a depleted treasury eats into the very vitality of the citizens and the country. A ruler, who impoverishes his own people or angers them by unjust exactions will also lose their loyalty Impoverishment, greed and dissatisfaction are engendered among the subjects, when the ruler among other things (i) fails to give what ought ...
- 2024 Election Year; The Perennial Challenge Of Cleaning The Stables For Sri Lanka! (Category: Breaking News)
- Prosecuting Aragalaya Protestors; A Legal Perspective (Category: Breaking News)
- Ranil’s Honeymoon With The ‘Inglorious Illegitimates’ (Category: Breaking News)
- Nihal Sri takes on ‘Expropriation Bill’ (Category: Business)
Last week there were more stories making the rounds on contemplated decisions made outside the cabinet meeting than decisions made inside. Of course, the usual briefing on cabinet decisions were spelled out, Thursday afternoon. For a regime that still wants to boast it has popular support, comparing itself to an opposition fractured and quarrelling red and green, it is ...
- Whither Lanka? (Category: Breaking News)
- Cabinet gets down to biz! (Category: Business)
- Why Pay For Bumpkins In Opposition With Public Money? (Category: Breaking News)
- Thus spake Wimal Weerawansa (Category: Breaking News)
If the Governor of Central Bank has an urge to enter politics, he should come to Parliament without playing politics inside the CB, charges United National Party Parliamentarian and well-known Economist Dr. Harsha de Silva. Dr. de Silva notes that Governor Nivard Cabraal should respect the sanctity of the Central Bank and therefore if Cabraal ...
- Treasury Chief urges help for balance of payments (Category: Business)
- Nivard sees weak rupee recovering to 125 (Category: Business)
- Central Bank sees rupee firming helped by inflows (Category: Business)
- Sri Lanka affirms flexible FX policy, but will intervene if needed (Category: Business)
Market’s illiquid state compounded by seasonal demand for money, coupled with the lack of confidence in the establishment that is also driving demand for US dollars ($s) and rates as well, forced Central Bank of Sri Lanka (CBSL) to hold a reverse repo auction on Friday (December 16) to tide over the situation Overnight (O/n) ...
- Money Market’s Illiquid Status Deepens (Category: Breaking News)
- Rupee Strengthens, But Illiquid Status Worsens (Category: Breaking News)
- Hike Stalled (Category: Breaking News)
- Rates Continue To Rise (Category: Breaking News)
Banks’ Profits Up 111% The banking industry achieved a considerably high level of profits in 2010. Profit after tax amounted to Rs. 57.5 billion last year, a 111% growth in comparison to a Rs. 27.2 billion profit in 2009. The significant growth in profitability was mainly attributed to a higher increase in fee-based income, a ...
- Market Expects Rate Hike (Category: Breaking News)
- Ceylinco Insurance announces 65% dividend (Category: Business)
- Rupee Strengthens, But Illiquid Status Worsens (Category: Breaking News)
- JKH forges with solid growth (Category: Business)
Popular Topics
- International Monetary Fund (50)
- Political crisis (74)
- Foreign exchange reserves (48)
- Shortage (4)
- Bank reserves (58)
- Fuel (13)
- Economy of Sri Lanka (65)
- Russia (2)
- Ukraine (1)
- Sri Lanka Tea (62)
- Tourism (7)
- Sri Lanka Quality Tea (62)
- Sri Lanka Tourism (64)
- Sri Lanka Cricket (62)
- Sri Lanka Hotels (62)
- Sri Lanka Elections (65)
- Hiru Tv (5)
- ITN News (58)
- Shakthi Tv (5)
- Rupavahini (1)
- Derana Dream Star (4)
- EPF (74)
- BBC (1)
- Rob Ford (1)