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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.
Carmart Ltd. yesterday said in a statement as well via an advertisement that it would continue to be distributor for Mazda vehicles and spare parts in Sri Lanka and the Maldives. The company was responding to a Daily FT article on Monday which quoted Colonial Motors Plc (via a filing to the Colombo
Market’s value up Rs. 23 b, ASI back again in 5,000-points level The Colombo stock market produced a confident rebound yesterday driven by high net worth investors as well as institutions picking up low valued opportunities. The market’s value rose by Rs. 23 billion, slightly lower than Friday’s gain of Rs. 26 billion. The rise ...
A top Government politician is among scores of investors who have received notice of summons by the Securities and Exchange Commission (SEC) as part of regulator’s move to punish manipulative trading. The Daily FT learns the SEC has fired letters to concerned investors based on material
Popular Indian playback singer Udit Narayan arrived in Colombo yesterday along with a troupe of dancers, singers and musicians and is scheduled to make his first live public performance in Colombo tonight at the CH&FC grounds from 7p.m. Speaking to the media at a briefing held at the Taj Samudra Colombo yesterday, the Bollywood star ...
By Cheranka Mendis With the rising frequency of knee pains in almost all populations, partial and full knee replacement surgery is becoming increasingly popular in the region. This is how the surgery is done, shows Gleneagles Medical Centre Medical Director and Consultant Orthopaedic Surgeon Dr. Lim Lian Arn – Pic by Upul Abayasekara Gleneagles Medical ...
This letter is in response to the ‘Letter to the Editor’ by Luxman Siriwardena, which was published in the Daily FT on 8 June titled ‘Dr. PBJ: Protectionism or protecting the unprotected?’I refer to the response by Mr. Luxman Siriwardene of the Pathfinder Foundation to my article
Request meeting with Treasury Secy; say industry in vicious cycle; want relief from regulations By Uditha Jayasinghe Alarm bells are ringing for Sri Lanka’s vehicle importers after numbers plummeted by 20.8 per cent in April, motivating the industry to demand talks with the Government, an industry official said yesterday. Ceylon Motor Traders Association Chairman Thilak ...
to the Editor of the Daily FT. Yesterday’s column stated ...
UNP yesterday vowed to prove the truth with regard to whether EPF investments in non-blue chips are legal or illegal. “We categorically dismiss the renewed claims by the Central Bank and the EPF that its investments in non-blue chips are within the law. We will get the correct advice and take necessary action to prove ...
Nawaloka Hospitals has come forward as the official cardiac partner of ‘Arogya 2012’ International Healthcare Exhibition to be held from 17 to 19 August 2012 at the BMICH, Colombo. Nawaloka Hospitals being one of the foremost private sector hospitals in the country will display its strength in the ‘cardiac sector’ at ‘Arogya 2012’. Nawaloka Hospitals ...
By Cheranka Mendis Known as a silent disease, the risks for liver diseases within the region is under the threat of increasing if people do not go for early screening and adopt preventive methods at an early stage. Gleneagles Hospital Gastroenterologist Dr. Vincent Lai, in Sri Lanka to attend a lifestyle seminar on ‘What you ...
The NSB/TFC deal and the General Recent events in Sri Lanka have reconfirmed that though seemingly power may be unlimited, there are in reality constraints which limit the options those in power have. As proof of this fundamental reality, the first event is the purchase by the National Savings Bank (NSB), a State-owned entity, whose ...
Bank of Ceylon’s supremacy in Sri Lanka is well known but recently the bankers to the nation proved its true mettle with landmark success for its ground breaking $ 500 million five year bond issue. The issue is a trailblazer for several reasons. It was the first global bond issue by a Sri Lankan corporate. ...