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“Genuine software, ultimately, is about optimisation rather than legalisation. Especially now that Sri Lanka is moving quickly, the economy will pick up even faster through partnerships with China, India and other developing countries. It’s the perfect time for companies to make sure they are competitive. This means having the right IT systems in place including ...
The Silvas are at it again. A week dominated by news of political brats on the rampage once more, this time directing their rage at an Army Major, ended with the soldier recanting his story and the two main suspects in remand being transferred to prison hospital on “medical” advice. The whole incident smacked of ...
SINGAPORE: Business sentiment among Asia’s top companies fell for the second straight quarter, dragged down by export-orientated economies such as China and Japan, while domestic spending helped boost Southeast Asia’s outlook, a Thomson Reuters/INSEAD survey showed. Concerns over global demand are hurting Asia’s export engines, with autos, technology and shipping sectors am...
Reuters: Stocks fell one per cent on Tuesday from an eight-month high, snapping a four-day gaining streak as investors booked profits across the board. The Colombo Stock Exchange’s main index ended 0.98 per cent, or 58.28 points, weaker at 5,910.81. “The market is consolidating with a little bit of profit-taking and getting ready for the ...
Cabraal says that price pressures will remain, keeps policy rates and growth figures steady The Central Bank kept policy rates unchanged yesterday, on expectations that inflation would remain contained to single digit levels on policy changes to reduce demand. The concerted efforts by the Central Bank and the Government earlier this year to curb the ...
Issue oversubscribed by two times, says Central Bank The Central Bank has had its latest issue of Sri Lanka Development Bonds oversubscribed by two times, bringing the total bid to US$ 121.05 million, the monetary institution said in a statement. The Central Bank of Sri Lanka, on behalf of the Government of Sri Lanka, ...
Commendable achievements Over the years Sri Lanka has gained a considerable reputation for its achievements in social development. It punches above its weight on the UNDP’s Human Development Index. It has also performed very well in meeting the internationally agreed Millennium Development Goals (MDGs), which focus on indicators related to poverty, health, education and gender ...
The Asian Development Bank (ADB) is concentrating on developing nine sectors including infrastructure in Sri Lanka and the far eastern region including Vietnam, Cambodia and Laos to foster economic development. “Asian Development Bank has assisted sub regional economic cooperation in the Greater Mekong Sub region (GMS) to enhance their economic relations, covering nine priority ...
RAM Ratings Lanka has reaffirmed the respective long- and short-term financial institution ratings of Standard Chartered Bank – Sri Lanka Branch (SCBSL) at AAA and P1; the long-term rating has a stable outlook. The ratings are firmly anchored by the credit profile of Standard Chartered Bank PLC of the UK (SCB-UK) of which the Bank ...
The exchange of goods and services has been around for as long as civilisations themselves, if not longer. Humans, being extremely adaptive to their environments, have always found ways to utilise resources and build surplus. This surplus was then used to trade in order to obtain resources and goods that weren’t abundantly available. Evolution of ...
A four-part Investor Education Workshop conducted by the Colombo Stock Exchange (CSE) –Jaffna Branch in Vavuniya is currently underway at the Royal Garden Hotel, Vavuniya. The workshop saw an encouraging participation of 42 potential investors. This was the first time an educational workshop was organised by the CSE in the area. The workshop titled ‘The ...
The festival of creativity – Spikes Asia 2012 in Singapore during its first two days showcased key insights on winning and creative ideas in the marketing communications sphere by a host of global and regional experts. Attended by nearly 1,800 creative industry professionals and students from 27 countries including nearly 20 from Sri Lanka, the ...
SINGAPORE (Reuters): Brent crude slipped under $114 a barrel on Tuesday, adding to steep losses in the previous session, as investors weighed the impact of the Federal Reserve’s open ended stimulus push on oil demand and eyed China’s next step to boost its economy. Brent crude fell more than $5 a barrel late on Monday ...
It is with great sacrifices that Sri Lanka brought about a victory against ruthless terrorism, which is certainly a feather in the cap of Rajapaksa family. No one can dispute the fact that President Rajapaksa provided the political leadership and ensured that the LTTE was decimated at any cost. The Tamil diaspora and the pro-separatist ...
Emirates, one of the fastest growing airlines in the world, has launched its daily non-stop service from Dubai to Washington Dulles International Airport (IAD). It is the seventh gateway for Emirates in the United States, and the twelfth new route to join the airline’s international network in 2012. “Emirates offers important new choice, competition and ...
“Broadband will represent a momentous economic and social change,” said President’s Secretary Lalith Weeratunga. Weeratunga said so while participating at the inauguration of a two-day ‘Regional Expert Consultation on Connecting Asia Pacific’s Digital Society for Building Resilience’ held in Colombo recently. Organised by the United Nations Economic and Social C...
Meet representatives from SLIIT’s partner universities from USA, UK, and Australia SLIIT, together with representatives from the Institutes prestigious foreign partner universities will host a Partner University Day on 21 September at SLIIT’s Malabe campus from 9a.m. to 6p.m. Prospective students and their parents will have an opportunity to view first-hand SLIIT’s academic progr...
Tightening brakes on growth, Government data released yesterday showed the country has slowed to a two-and-a-half-year low, slipping from 7.9% in the first quarter to 6.4 % in the second when compared with the same period last year. A Reuters report noted that economic growth eased to 6.4 per cent in the second quarter ...
Reuters: The Central Bank is expected to keep interest rates steady for a fifth straight month on Tuesday despite high inflation to help bolster economic growth, which has been cooling due to sweeping policy measures and an extended drought. Twelve out of 13 analysts polled by Reuters expect the repurchase and reverse repurchase rates to ...
Reuters: The stock market rose to an eight-month high on Monday as institutional investors bought banks, a day ahead of the Central Bank’s September policy rates decision, which the market expects to be unchanged. The Colombo Stock Exchange’s main index ended 0.71 per cent, or 42.19 points, up at 5,969.09, its highest close since 4 ...
As part of investigations, the Criminal Investigations Department (CID) has begun questioning Pradeep Kariyawasam, the former Chairman of National Savings Bank (NSB), in connection with the controversial decision to invest in The Finance Company Plc (TFC), a move which was revoked subsequently. This is following the Commission to Investigate Allegations of Bribery and Corruption last ...
EFutures as one of the leading software solution providers in the industry recently re-launched a brand new multilingual website for Colombo Stock Exchange (CSE) which includes several state-of-the-art features and upgraded hardware capacities, to enhance the quality and timeliness of market information that is provided on the website. The new website will function as the ...
Reuters: Facebook Inc CEO Mark Zuckerberg might need to talk more often. A 30 minute appearance at a technology industry conference earlier this week has translated into $6.785 billion in additional market valuation for his company. Facebook shares finished Friday’s regular trading session up 6.2 per cent at $22 as Wall Street’s confidence in the ...
The Colombo Stock Exchange (CSE) launched the first phase of the ‘Insight into Investing’, an island wide investor awareness program with the much anticipated Investor Day in Nittambuwa. A large crowd consisting of both current and potential investors was attracted to the Investor Day which was held in two sessions where one segment was held ...
SINGAPORE (Reuters): Asian stocks touched their highest in more than four months on Monday and gold, oil and copper hovered near multi-month highs, after rallying late last week on hopes that fresh stimulus from the world’s top central banks will support flagging growth. The dollar languished near its lowest in seven months, as the aggressive ...
MUMBAI (Reuters): India’s Central Bank on Monday left interest rates unchanged but cut the cash reserve ratio for banks, saying the primary focus of monetary policy remains fighting inflation, days after the government unveiled a spree of reforms to boost growth and improve its fiscal position. The Reserve Bank of India left the policy repo ...
Honorary Consul General of the Republic of Singapore Jayantha Dharmadasa hosted the visiting Foreign Minister K. Shanmugam and High Commissioner Chay Wai Chuen and his team for cocktails at the Galadari Hotel. The event was attended by many dignitaries
It is questionable whether sharp increases of the indices at Colombo Bourse, following the appointment of the new SEC (Securities and Exchange Commission) Chairman, are sustainable says Asia Wealth Management Research in its weekly review of the stock market, pointing out there has not been a corresponding change in the countryandrsquo;s macroeconomic or financial regulatory environment.
The Securities and Exchange Commission (SEC) and stock brokering companies held a discussion on Friday (14) to find ways and means to improve the Colombo Stock Exchange (CSE) in a collective manner.
The appointment of Dr.Nalaka Godahewa as the Securities and Exchange Commission Chairman seems to have been able to cast out all the grievances the stockbrokers have had, even perhaps to the utter surprise of Godahewa himself.