Sri Lanka News Explorer
Last 7 Days
Older News
- Older than 2023-Dec (1575)
Narrow by Category
- Business (1575)
A high-level 15-member delegation from the Republic of Seychelles arrived in Colombo yesterday on a three-day visit. Led by President of Seychelles James Alix Michel, the delegation will comprise, among others, Minister of Foreign Affairs Jean Paul Adam, Minister of Natural Resources and Industry Peter Sinon, Delhi-based High Commissioner of Seychelles to Sri Lanka Waven ...
- Seychelles President concludes historic State visit to Sri Lanka (Category: Business)
- Up Next: Divineguma a la Seychelles! (Category: Business)
- Seychelles plans joint holiday packages for tourists with Sri Lanka (Category: Breaking News)
- Economic cooperation with Seychelles to be strengthened (Category: Business)
Global Media Networks Ltd. (GMNet) has unveiled a Colombo Stock Exchange-based free game simulator VstoX Colombo Virtual Exchange (www.vstox.com) with a view of introducing a virtual simulation to investors on the Colombo Bourse’s activities for the first time in Sri Lanka. VstoX integrates the real life order placement system, commonly known as ATS (Automated Trading ...
- GMNet launches a CSE based free game simulator (Category: Breaking News)
- Sri Lanka Equity Forum celebrates two years of success (Category: Business)
- London looks to Lanka! (Category: Business)
- Stock shock (Category: Business)
The Colombo Bourse’s most commendable achievement this year has been the fact that foreign investor confidence is growing, despite scepticism by locals over various issues within and outside the market. So far this year, the net foreign inflow of Rs. 27 billion is encouraging in the context that in 2011 the outflow was Rs. 19 ...
- Net foreign inflow tops Rs. 29 b mark (Category: Business)
- Foreign inflows at CSE top Rs. 23 b (Category: Business)
- Foreigners in Rs. 600 m net buying (Category: Business)
- Foreign fund buys into Sampath (Category: Business)
Hatton National Bank (HNB) PLC MD/CEO Rajendra Theagarajah was conferred with the award for ‘Outstanding Contribution to the Banking Industry’ in recognition of the valuable services rendered to the Banking industry by the Council of Association, at the 24th Anniversary Convention of the Association of Professional Bankers Sri Lanka held on 13 August at the ...
- Rajendra joins Carson’s Board as Independent Director (Category: Business)
- ‘Outstanding Contribution to the Banking Industry’ award from APB (Category: Business)
- Colombo to host Asian Bankers Association conference in Oct. (Category: Business)
- Asian Bankers converge in Sri Lanka (Category: Business)
Reuters: Bangladesh has extended a ban on the export of most varieties of rice until next June, the commerce secretary said, backtracking on a plan to end the restriction. Bangladesh, the world’s fourth-biggest rice producer, banned overseas shipments of some common varieties in May 2008 following a spike in prices. It banned all exports a ...
- Bangladesh lifts aromatic rice export ban (Category: Business)
- Sri Lanka imposes ban on rice exports amid drought (Category: Breaking News)
- Govt. bans rice exports (Category: Business)
- Rice exports banned (Category: Breaking News)
IN a challenging economic environment, tourism is Sri Lanka’s lifeline to development. However, increasing political tensions, crime rates and stand-offish Government policy is threatening to choke this much-needed revenue. Sri Lanka has decided to challenge a British Government travel advisory warning Britons over an upsurge of nationalism, sexual offences and anti-Western rhetoric i...
- Visit by British Royals boosts Sri Lanka tourism (Category: Breaking News)
- More British tourists arrive (Category: Breaking News)
- Business as usual for professionally-managed southern hotels (Category: Business)
- British High Commissioner hosts reception for UK companies at Sri Lanka Expo (Category: Business)
Fitch examines financing alternatives to the current predominant international borrowingsBy Cassandra Mascarenhas Discussing new investment opportunities and financing structures for Sri Lankan private sector entities to enter the current government dominated infrastructure financing in the country, Fitch Ratings Lanka hosted a seminar titled ‘Fitch Perspectives’ last week, featuring F...
- Fitch issues first Sri Lankan fund rating (Category: Business)
- Fitch assigns Ceylon Income Fund an ‘A-(lka)’ rating (Category: Breaking News)
- DEG provides $ 21 m loan to NDB Bank to strengthen SME sector (Category: Business)
- Fitch labels Lanka a ‘highest-risk financial system’ (Category: Business)
VIENNA/HELSINKI (Reuters): Smaller euro zone countries that have retained top credit ratings through the region’s crisis squabbled on Friday over whether struggling nations like Greece that threaten the currency union’s stability should be kicked out. Top Austrian and Finnish politicians insisted they were committed to keeping the union intact after ministers from junior coalition part...
- Global stocks retreat after Swiss move; euro jumps (Category: Business)
- S&P piles pressure on Franco-German budget plan (Category: Business)
- Greeks seek better terms after Spanish rescue (Category: Business)
- German FM: Greece needs sustainable debt by 2020 (Category: Business)
The rupee yesterday dipped to a one-month low by breaking the Rs. 132 psychological barrier by the end of the week, to Rs 132.80 on the back of considerable importer demand, according to Wealth Trust Securities. It said contracts for value on Tuesday (spot) opened trading at levels of Rs. 132.15 and lost ground by ...
- Four of top-10 firms add Rs 2.31 lakh cr in m-cap; Reliance lead gainer (Category: Breaking News)
- Puff power! - Govt. move sends Ceylon Tobacco’s market cap soaring to Rs. 112.2 b (Category: Business)
- Colombo stock market sets new records in remarkable rebound (Category: Breaking News)
- Retailers keep bourse active (Category: Business)
13th August 2012 Hon. Susil Premajayantha, M.P. Minister of Petroleum Industries No. 80, Sir Ernest De Silva Mawatha Colombo 7. Dear Minister, Purported oil hedging deals by Ceylon Petroleum Corporation (CPC) SC (FR) Applications Nos. 404/2009 & 481/2009 and purchase of petroleum oil of questionable quality I refer to my letter dated 4.5.2010 forwarding copies ...
- Implement SC order on accessibility! (Category: Business)
- SC declines to re-visit constitutionality of Revival Bill in FR petition by Nihal (Category: Business)
- Nihal Sri files application before SC to re-examine Expropriation Bill (Category: Business)
Minority shareholder activist K.C. Vignarajah has written a letter to President Mahinda Rajapaksa appealing him to retain Securities and Exchange Commission (SEC) Chairman Tilak Karunaratne who has announced his resignation by Friday. Here is the full text of the letter: 16.08.2012 H.E Mahinda Rajapaksa The President of the Republic of Sri Lanka, Temple Trees, Colombo ...
- Right of Reply: SEC responds to ‘Cracks in SEC?’ (Category: Business)
- SEC appoints Consultative Committee for capital markets (Category: Business)
- SEC’s independence from Executive comes up at COPE meeting (Category: Business)
- Tremors over Tilak’s talk! (Category: Business)
Nations Trust Bank (NTB) is tapping overseas markets to raise funds to boost lending to its clients. NTB said on Wednesday that it is in discussion with at least three parties to raise between US$ 30 and $ 35 million from overseas lenders before the year’s end. Deputy CEO and CEO-designate Renuka Fernando told NTB’s ...
- Credit Demand Slows In Retail, SME Sectors (Category: Breaking News)
- NTB 1H post-tax profit up 21% to Rs. 893 m (Category: Business)
- Fitch Affirms Nations Trust Bank’s credit rating at ‘A(lka)’ (Category: Breaking News)
- Nations Trust Bank maintains growth momentum (Category: Business)
The term social business first emerged in Nobel Laureate Prof. Muhammad Yunus’ book, ‘Banker to the Poor,’ wherein he describes the concept of social entrepreneurship. It has since then taken on a life of its own and in effect has become a new paradigm of study and practice in the world of business, banking and ...
- Fix capitalism flaws , says Nobel Laureate (Category: Business)
- A case for social business (Category: Business)
- No. 1 Real Estate Player (Category: Breaking News)
- A Christmas wish (Category: Business)
Seemingly ignoring the doom and gloom cast by some circles over the pending ‘regulatory change,’ the Colombo stock market yesterday saw the rebound sparked on Tuesday getting stronger, with net foreign inflows topping the Rs. 27 billion mark and turnover surpassing Rs. 1 billion. The rally as reported by the Daily FT yesterday continued with ...
- CTC overtakes Carson to be third most valuable stock (Category: Business)
- Jumbo profit at JKH (Category: Business)
- IIFL gets big deal (Category: Business)
People’s Leasing Company (PLC) saw its revenues rise nearly 27% in the June quarter, led by growth in its core leasing business, the group said. In results released to the Colombo Stock Exchange, the country’s biggest leasing company said group revenue rose to Rs. 4,367 million during the first quarter of June 2012, from Rs. ...
- People’s Finance 1Q profits up by 50% (Category: Business)
- People’s Leasing obtains international ratings (Category: Business)
- People’s Merchant goes for Rs. 450 m Rights (Category: Business)
- People’s Leasing Group marks significant results for 2012 FY (Category: Business)
Point of view By a market participant The investors were compelled to wait nearly 17 years to reap the benefit of a real bull run in 2009 after the elimination of the LTTE terrorism and how the SEC destroyed it within a one-and-a-half year period due to ill conceived, irresponsible decisions is well known and ...
- Real potential of the Colombo stock market (Category: Business)
- Bourse boom awaits boosted brokers after Presidential forum (Category: Business)
- Brokers delighted by talk, lunch with President (Category: Business)
- More about the real potential of the stock market (Category: Business)
Shares thoughts on sustainability in volatility and the way forward The Guest of Honour, Dato’ Charon, President and Members of the Professional Bankers’ Association, my dear friends, first of all, let me thank the Association of Professional Bankers for inviting me this evening to your 24th Convention and giving me the opportunity to share a ...
- Association of Professional Bankers’ anniversary convention on 13 and 14 August (Category: Business)
- Sustainability in volatility: The bankers’ challenge (Category: Business)
- APB to promote ‘Sustainability in Volatility’ at 24th anniversary convention (Category: Business)
- Swiss banks tout stability and secrecy to lure rich (Category: Business)
The Colombo Bourse yesterday produced a mini-rally with its value rising by Rs. 23 billion led by resurgence in blue chips and foreigners continuing to be net buyers. The benchmark ASI gained by 1.27% and the blue chip MPI sharply by 3% whilst the S&P SL20 was up 1.45%. Despite speculated withdrawal of foreign investors ...
- BAT asks for five board seats in BLUE (Category: Business)
- Distilleries toasts FY12 start with 1Q net profit up 50% to Rs. 1.2 b (Category: Business)
- Dhammika ups control in Hayleys to 47% (Category: Business)
- ERI parent Lionhart, PC House in win-win deal (Category: Business)
Reuters: The Head of the Securities and Exchange Commission said on Tuesday he will resign this week, saying investors who were being investigated for market manipulation had made false allegations against him. Tilak Karunaratne has been pushing for investigations into stock market malpractices, including so-called pump-and-dump deals in which investors are lured into apparently cut-price ...
- Stocks down on reports SEC Chief under pressure (Category: Business)
- SEC considers 10% minimum float rule (Category: Business)
- IMF joins chorus against SEC Chief’s exit (Category: Business)
- TISL wants Govt. to strengthen resolve against “stock market mafia” (Category: Business)
Exceptional balance sheet indicators, with deposit growth averaging nearly Rs. 7 billion per month and gross loan book growth of more than Rs. 5 billion per month in the first six months of 2012 have combined with strong gains in non-interest income to generate stellar first half results for Commercial Bank Plc. The benchmark private ...
- COMBank’s 1Q pre-tax profit up 40% to Rs 4.145 b (Category: Business)
- HNB Group 1H pre-tax profit up 28% to Rs. 4.76 b (Category: Business)
- COMBank breaks Rs. 10 b barrier in pre-tax profit (Category: Business)
- COMBank’s net profit tops Rs. 6 b by 3Q (Category: Business)
The Supreme Group fully owned subsidiary SupremeSAT Ltd., which has become the first and only satellite operator of Sri Lanka, has signed the joint investment agreement with China Greatwall Industry Corporation and Sino Satellite Communications Company Ltd. for the setting up of Sri Lanka’s first ever space academy within the Pallekele BOI Zone in Kandy. ...
- Sri Lanka enters Satellite Age (Category: Breaking News)
- Lanka to launch its first satellite in 2015 (Category: Breaking News)
- 49% of shares of Litro Gas Company will be offered to the Public. (Category: Breaking News)
- SL space academy ready to blast off with Chinese expertise (Category: Breaking News)
Following is the text of the letter written by good governance activist Chandra Jayaratne to Chairman of the Committee on Public Enterprises (COPE) D.E.W. Gunasekera with regard to the Securities and Exchange Commission and capital markets. 14th August 2012. Hon. D.E.W. Gunasekera M.P. Chairman, COPE, Parliamentary Complex, Sri Jayawardhanapura, Kotte. Dear Sir, The priority ...
- SEC Chief insists on independence at COPE (Category: Business)
- The President Pressured Me To Go: Tilak Karunaratne (Category: Breaking News)
- How I was made the scapegoat, Thilak K. tells it all (Category: Breaking News)
- No indepedence to function: Tilak Karunaratne (Category: Breaking News)
Following is the copy of letter written by public interest activist Nihal Sri Ameresekere to Secretary to President Lalith Weeratunga on the Securities and Exchange Commission (SEC) based on some of the reported discussions during the President’s meeting capital market stakeholders in late July at Temple Trees. 10th August 2012 Mr. Lalith Weeratunga &...
- Nihal files fresh motion in District Court of Colombo over Hotel Developers (Category: Business)
- Let’s put market back on track, Nalaka tells SEC (Category: Business)
- Nihal’s FR Application on the Expropriation Law (Category: Business)
- Internal restructuring at SEC for better focus (Category: Business)
By Cassandra Mascarenhas The technical sessions of the Association of Professional Bankers’ 24th anniversary convention were held yesterday, bringing the APB’s flagship event to a close. Aptly themed ‘Sustainability in volatility: The bankers’ challenge,’ each technical session explored an area that could throw obstacles in the path of bankers and the line-up of speak...
- More than ever, businesses must think ‘what if’ (Category: Business)
- Banking foresight – Shaping integrated development (Category: Business)
- APB to promote ‘Sustainability in Volatility’ at 24th anniversary convention (Category: Business)
- Threat of recession contains risk of further global bank failures (Category: Business)
The NDB Group has delivered yet another strong performance for the first half year of 2012 recording a commendable profit after tax of Rs. 1,362 million to its shareholders, which is an increase of 36 per cent compared to the previous year. Chairman of the Bank Hemaka Amarasuriya stated: “The impressive results are attributable to ...
- NDB reports strong financial results in 1Q (Category: Business)
- NDB awarded international accolade for brand excellence (Category: Business)
- NDB Group 2011 profits up 35% to Rs. 2.9 b (Category: Business)
- NDB enjoys $ 59 m net receipts; poised for investment and growth (Category: Business)
Sunil S. Sirisena has been appointed as the new Chairman of the National Savings Bank with effect from 13 August 2012. He is a senior officer in the Sri Lanka Administrative Service and prior to this, he has served as the Secretary to the Ministries of Education, Co-operatives and Internal Trade and Foreign Employment Promotion ...
The ‘Yes-Man’ Parasite, a.k.a. HMV The dictionary definition of a ‘pun’: ‘the clever or humorous use of a word that has more than one meaning, or words that have different meanings but sound the same’. The second word of the headline of today’s column is not exactly a pun, but somewhat akin to one, as ...
- Nihal’s Fundamental Rights application on Expropriation Law fixed for 26 Jan. (Category: Business)
- Checks and balances - Is there such a thing as unlimited power? (Category: Business)
- Sajith slams Expropriation Bill (Category: Business)
- Inept’ocracy (Category: Business)
Says foreign investors remain net buyers reaping benefits under prevailing valuationsAsia Wealth Management believes attractive valuations coupled with policy changes could stabilise the year to date 20% negative Colombo stock market as foreigners seize opportunities. It said activities in the market last week were led by foreign investors while local institutional investors stayed sidelined...
- Bourse crosses half a million ‘individuals’ milestone (Category: Business)
- Aitken Spence draws biggest foreign buying as net inflow tops Rs. 1 b (Category: Business)
- Better Bourse returns bared! (Category: Business)
- Foreign investors in colombo Bourse grow in confidence (Category: Business)
The DFCC Group recorded a consolidated profit after tax of Rs. 713 m for the first quarter ended 30 June 2012 compared with Rs. 702 m in the corresponding period of the previous year (comparable period). Apart from the banking business which contributed Rs. 617 m to profit after tax and is analysed below, the ...
- DFCC ups recurrent 1H after tax profit by 40% to Rs. 1.24 b (Category: Business)
- DFCC Group posts Rs. 702 m after tax profit in 1Q (Category: Business)
- DFCC posts Rs. 2.2 b after-tax profit for 9 months (Category: Business)
- Strong growth at DFCC Vardhana Bank in 1H (Category: Business)
Reuters: Brent crude fell below $113 a barrel on Friday as a sharp slowdown in China’s trade flows heightened worries about demand for fuel, putting to one side hopes of stimulus measures aimed at lifting global growth that could boost oil use. China’s July exports rose just 1 per cent from a year earlier, undershooting ...
- Brent oil set to end yr up 14%, record high average (Category: Business)
- Brent slips to $102 on worries about euro zone economy (Category: Business)
- Oil creeps toward top of Asia’s economic worry list (Category: Business)
- Brent slips below $123 (Category: Business)
Popular Topics
- International Monetary Fund (819)
- Political crisis (449)
- Foreign exchange reserves (1575)
- Shortage (26)
- Bank reserves (1575)
- Anonymous (3)
- Fuel (132)
- Economy of Sri Lanka (1248)
- Russia (52)
- Sri Lanka Tea (1046)
- Tourism (190)
- Sri Lanka Quality Tea (1066)
- Sri Lanka Tourism (1065)
- Sri Lanka Cricket (1042)
- Sri Lanka Hotels (1051)
- Sri Lanka Elections (1065)
- Hiru Tv (42)
- ITN News (121)
- Shakthi Tv (43)
- Rupavahini (1)
- Derana Dream Star (45)
- EPF (55)
- BBC (6)
- Rob Ford (19)
- Amanda Knox (1)