Sri Lanka News Explorer
Last 7 Days
Older News
- Older than 2023-Dec (837)
Narrow by Category
- Business (837)
The Colombo stock market fell 2.8 per cent yesterday wiping out Rs. 20 billion in value to hit a 23-month low as domestic and foreign investors sold on both worry global gloom and a weak rupee and the outlook for interest rates. The main index ASI fell 136.58 points to 4,748.60, its lowest since July ...
- Stocks fall amid profit-taking in overbought market (Category: Business)
- Stock market at two-week low; block deals boost activity (Category: Business)
- Shares down on foreign selling (Category: Business)
- Stocks at 23-month low; Rupee stronger (Category: Business)
By Damien The Secretary to the treasury Dr. P.B Jayasundera recently made statement that the country is wasting the foreign currency on things that can be made in this country. I would like to add to this by stating that as a country we should have clear targets and policies that are aimed at both ...
- Subsidized student loan scheme through commercial banks in addition to existing interest-free st... (Category: Breaking News)
- Banks lift overseas spending limits imposed on credit cards as dollar liquidity improves (Category: Breaking News)
- Ten problems; one solution (Category: Business)
- Causes Of Economic Crisis In Sri Lanka & Lessons For A New Age (Category: Breaking News)
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 ...
- NSB conspicuous by its silence on allegations over TFC buy (Category: Business)
- Not-so-ugly truth of the NSB saga! (Category: Business)
- NSB-TFC deal’s stench spreads! (Category: Business)
- NSB Head gives quit notice (Category: Business)
FRANKFURT (Reuters): Deutsche Bank’s new leaders said on Friday they intended Germany’s flagship lender to be among the world’s top global banks as the sector consolidates. Speaking to staff on his first day as Co-Chief Executive, Anshu Jain took a swipe at Swiss and French competitors by saying Deutsche would likely be the only “truly ...
- Deutsche Bank rolls out new integration solution for Dialog Axiata (Category: Business)
- Deutsche focuses on investment banking in reshuffle (Category: Business)
- Rich run for cover as turmoil hits wealth (Category: Business)
- Swiss banks tout stability and secrecy to lure rich (Category: Business)
Reuters: Indian export data released on Friday confirmed a sharp slowdown in foreign trade, adding to the woes of Asia’s third-largest economy and piling more pressure on the weak coalition government to take steps to boost economic growth. Indian exports inched up 3.23 percent to $24.5 billion in April from a year earlier after falling ...
- Sevenagala sugar factory will be controlled solely by the govt., Basil (Category: Breaking News)
- EXPLAINER: What caused Sri Lanka’s economic collapse? (Category: Breaking News)
- Economic decisions cannot be taken by politicians – Namal (Category: Breaking News)
- Govt. To Remove Unauthorized Structures In Economic Center (Category: Breaking News)
Government’s commitment: Will improve state enterprises The Annual Report of the Ministry of Finance and Planning for 2011, just released, has, among many others, one important positive message for the nation. It has reiterated the Government’s commitment, as it had done earlier too, to improving the performance of what it calls State Owned Business Enterprises ...
- Taming the ‘monsters’ (Category: Business)
- Electrifying losses (Category: Business)
- C-Suits focus on implementing Enterprise Risk Management on enterprise-wide (Category: Business)
- Sajith slams Expropriation Bill (Category: Business)
Pole-vaulting from prison to World Economic Forum!BANGKOK (Reuters): Nobel laureate Aung San Suu Kyi urged foreign firms on Friday to invest cautiously in fast-changing Myanmar and give priority to creating jobs as much as making profits to help defuse the “time bomb” that is the country’s high unemployment rate. Speaking during her first trip outside ...
- Suu Kyi receives Nobel Peace Prize, 21 years late (Category: Business)
- Myanmar’s Suu Kyi makes historic debut in Parliament (Category: Business)
- US threatens sanctions over Aung San Suu Kyi detention (Category: Breaking News)
- Suu Kyi says ready to lead Myanmar to democracy (Category: Business)
Reuters: Syria is nearing full-blown sectarian civil war that would be catastrophic for the entire Middle East, Western nations said on Thursday, urging Russia to end its support for President Bashar al-Assad and put pressure on him to stop the bloodshed. With anti-Assad rebels urging international envoy Kofi Annan to declare his peace plan dead, ...
- Arab League stops short of suspending Syria, urges dialogue (Category: Business)
- UN says Syria civil war “imminent,” West urges sanctions (Category: Business)
- Syria now an “internal armed conflict”– Red Cross (Category: Business)
- Frustrated Annan quits as Syria peace envoy (Category: Business)
The Hindu: Sri Lanka and India haven’t had a bilateral engagement at the top-most levels in governance, reflecting the changing priorities in New Delhi towards its immediate neighbourhood. A series of issues between Sri Lanka and India since the close of the Eelam war IV in May 2009, which saw the demise of the Tamil ...
- President begins Indian visit (Category: Breaking News)
- Sri Lanka President holds discussions with Indian PM (Category: Breaking News)
- Lankan President to meet Pranab, Manmohan (Category: Breaking News)
- Singh, Rajapaksa to meet at G-20 summit (Category: Business)
UNP MP Ravi Karunanayake has written to Committee On Public Enterprises (COPE) Chairman D.E.W. Gunasekara requesting him to summon officials of the Securities and Exchange Commission (SEC) and the Colombo Stock Exchange (CSE) over the fiasco in capital markets and boost investor confidence. Following is Karunanayake’s full letter to the COPE Chairman: Over the last ...
- SEC Chief insists on independence at COPE (Category: Business)
- Fresh motion to summon Ex-SEC Chiefs before COPE (Category: Business)
- Chandra J writes to COPE Chief over SEC (Category: Business)
- Peoples Bank Nonperforming loans Rs. 54 billion in 2021 (Category: Breaking News)
Reuters: Kingfisher Airlines’ fourth-quarter net loss more than trebled as huge cuts in the number of flights compounded the woes of a cash-strapped carrier facing high fuel prices and intense competition for low fares. The high-profile airline, which is owned by flamboyant liquor baron Vijay Mallya, lost 11.5 billion rupees in the quarter to end-March, ...
- Kingfisher woes mount as Govt. rules out help (Category: Business)
- Reliance denies Kingfisher stake-buy talks report (Category: Business)
- Tax dept freezes bank accounts of Kingfisher Airlines, Air India (Category: Business)
- Kingfisher slips to third spot, IndiGo gains (Category: Business)
Thailand pledges assistance to develop agriculture, fisheries and educationDuring a bilateral discussion held today with President Mahinda Rajapaksa, the Thailand Prime Minister Yingluck Sinawatra has offered her government’s assistance to develop Sri Lanka’s agriculture, fisheries and education sectors. President Rajapaksa who is on an official tour in Thailand met Prime Minister Shin...
- Thailand to assist Sri Lanka to develop agriculture and fisheries sectors (Category: Breaking News)
- Multi-sectoral help from Thailand (Category: Breaking News)
- President Rajapaksa invites Thailand Prime Minister to SriLanka (Category: Breaking News)
- Thailand assures assistance for Sri Lanka’s development (Category: Breaking News)
LONDON (Reuters): Brent crude oil fell on Wednesday, as fears intensified about the future of Spain’s banks, while China signalled it was not planning a large stimulus package, dimming demand prospects. Oil recovered some losses after the European Commission called for sweeping reforms to restore investor confidence. However, the move failed to turn around the ...
- Sri Lanka suffering huge loss after replacing Iranian oil with Arabian crude (Category: Business)
- Kuwait resumes full crude supply to Asia (Category: Business)
- Oil gains on US stocks draw (Category: Business)
- Reuters says Lanka has most reasons to worry about Iran oil (Category: Breaking News)
Key insights to state of the economy and market and future prospects from NDB Stockbrokers’ latest Sri Lanka Equities report Uncertainty in the macro environment The robust economic growth and steep rise in global crude oil prices increased Sri Lanka’s import bill by 51% in 2011. As a result the trade deficit widened, putting the ...
- ‘Rupee Volatility – In Search of Equilibrium’ (Category: Business)
- Forex crisis: CB explains and assures (Category: Business)
- Economic growth to rebound in 2013: SCB (Category: Business)
- Raising the bar: The rise of the Sri Lankan economy (Category: Business)
President Mahinda Rajapaksa arrived at Suvarnabhumi International Airport in Bangkok yesterday for a four-day visit to Thailand. Thailand’s Vice Prime Minister Yongyoot Wichaidit welcomed President Rajapaksa on his arrival at the airport. During his visit President Rajapaksa will meet Thai Prime Minister Yingluck Shinawatra and exchange views on bilateral relations, as well as on regional .....
- Thailand to assist Sri Lanka to develop agriculture and fisheries sectors (Category: Breaking News)
- President visits Thailand today (Category: Breaking News)
- President to hold talks with Thai Prime Minister (Category: Breaking News)
Reducing military presence in the north is a tricky challenge for the Government. The danger of LTTE sympathisers destabilising the region needs to be counterbalanced by a growing international and political focus on the issue. In such an atmosphere, striking a delicate balance is difficult and often open to criticism and fraction from all sides. ...
- UK calls for reduced military in Wanni (Category: Breaking News)
- Army presence justified (Category: Breaking News)
- Marxist student organization of Sri Lanka asks government to remove military from the North (Category: Breaking News)
- I stress to hold election in the Northern Province: Robert O Blake (Category: Breaking News)
International arrivals into Asia/Pacific1 destinations grew by a collective 7% year-on-year during the first two months of 2012, according to preliminary data released by the Pacific Asia Travel Association (PATA) last week. At this point Southeast Asia is the fastest growing destination, followed by South Asia, however, both sub-regions generated somewhat slower growth than last ...
- Asia Pacific visitor arrivals up 3% in May (Category: Business)
- Asia dominates in Asia Pacific tourism boom – PATA (Category: Business)
- Asia Pacific tourism records 6% growth in 2011 – PATA (Category: Business)
- PATA says international arrivals up in April but growth rate slows (Category: Business)
Expolanka Holdings Plc said yesterday it has sustained its consolidated net profit after tax for the FY 2011/12 at Rs. 1.23 billion with a consolidated net profit before tax at Rs. 1.68 billion. The Q4 recorded a year on year growth of 21% in top line, 33% growth in gross profit and 22% growth in ...
- High raw material cost sends Tokyo Cement 1Q profit down despite 33% rise in sales (Category: Business)
- Sampath Bank profit tops Rs 2 bn (Category: Breaking News)
- Mobitel profit exceeds Rs 200 million in Q1 (Category: Breaking News)
- CT Holdings ends FY12 on a high with stellar 4Q (Category: Business)
The Royal Bank of Scotland Group’s Head of Rating Advisory Raymond Woo had recently called on Economic Development Minister Basil Rajapaksa. “Sri Lanka was able to control the impact of internal and external crisis successfully due to the efficiency of the political, economic and administrative management of President Mahinda Rajapaksa,” Minister had told Woo. Minister ...
- Minister suggests exporting Sri Lanka`s surplus rice and vegetables (Category: Breaking News)
- Minister suggests exporting Sri Lanka's surplus rice and vegetables (Category: Breaking News)
- Sri Lanka exporting maize is a people's victory - Minister (Category: Breaking News)
- Sri Lankan would face any challenge - minister (Category: Breaking News)
SINGAPORE (Reuters): China’s total in 2012, fuelled by demand from the automobile and other sectors, a senior rubber industry official said last week, despite a slowdown in the world’s second-largest economy. China accounts for 35 percent of global natural rubber consumption, and its appetite will have a major impact on the market, which has been ...
- Globle rubber industry hopes China demand will offset Europe woes (Category: Business)
- Thai 2012 rubber output seen up 5% (Category: Business)
- Rubber rumbles (Category: Business)
- Thailand seeks global cooperation on rubber prices (Category: Business)
Ballooning trade gap Even with the multitude of measures taken to curb imports, Sri Lanka's cumulative trade deficit widened to nearly US$ 1.7 billion in the first two months of the year with earnings from exports increasing marginally by 3.3 per cent to US$ 1.8 billion whilst import expenditure shooting by 24.7 per cent to ...
- Hub is no hoodoo, says TEA (Category: Business)
- Marketing 3.0 and Sri Lanka (Category: Business)
- ‘Pure Ceylon Tea’ or ‘tea hub’? The billion dollar question (Category: Business)
- Do people prefer coffee over tea? (Category: Business)
After the LTTE was defeated, a campaign designed to promote Sri Lanka as a leisure and investment destination labelled ‘The Small Miracle’ was shot down, ostensibly on the ground that the miracle was in no way ‘small’. The marketing value in Sri Lanka’s compact size, our rich biodiversity, the diversity of leisure locations and physical ...
- Lanka’s economic miracle turns sour (Category: Breaking News)
- ‘Burmese Lessons’ for Sri Lanka (Category: Business)
- Suu Kyi’s party claims landslide win in Myanmar vote (Category: Business)
By Deepal V Perera The volatile exchange rate environment since this year has dealt a fresh crisis for illegal money changers, though the positive outcome is that more transactions taking place officially. “The illegal money changers are now finding a crisis situation to match the daily changing rates, therefore forcing many to change their foreign ...
- CBSL decides not to renew permits of 15 money changers (Category: Breaking News)
- CBSL suspends renewal of permits of 15 private foreign exchange dealers (Category: Breaking News)
- Pressure mounts on overnight rates (Category: Breaking News)
- CBSL permanently revokes money changing permit of Prasanna Money Exchange (Category: Breaking News)
Sri Lanka and Kazakhstan have signed a Memorandum of Understanding (MoU) to expand the bilateral relations between the two countries and hold regular consultations between the respective foreign ministries. The MoU was signed during the visit of External Affairs Minister, Prof. G. L. Peiris to Kazakhstan on 24 and 25 May at the invitation of ...
- Sri Lanka and Kazakhstan to improve relations (Category: Business)
- GL off to Russia and Kazakhstan (Category: Business)
- G.L. to Russia and Kazakhstan (Category: Breaking News)
- Sri Lanka to strengthen bilateral ties with Qatar during Premier’s visit (Category: Business)
Bourse down for 5th straight session Investors stay sideline on economic, political woes Rupee depreciation boosts foreign share buying Reuters: Sri Lanka’s stock market fell to a near 22-month closing low on Friday with many investors awaiting clarification on a new rule from the island nation’s Securities and Exchange Commission (SEC) amid economic and political ...
- Paying for pilfering pennies! (Category: Business)
- Stocks down on economic worry; rupee edges up (Category: Business)
- Message clear: Market must move up (Category: Business)
- Economic management and the way forward (Category: Business)
Egypt’s presidential hopefuls have had to zip their lips before voting starts, but there is no stopping the songs that pump up their virtues in styles ranging from hip-hop to folk. For the first time Egyptians get to pick their leader in voting on Wednesday and Thursday in a fiercely contested race enlivened by ...
- Egypt ups security after Israel embassy violence (Category: Business)
- Egypt to formally seek IMF financing – Minister (Category: Business)
- CCC expands wings to Egypt (Category: Business)
- Egypt president recalls parliament, generals meet (Category: Business)
The Economist: Sarath Fonseka, Sri Lanka’s former Army Chief, emerged through the brown gates of the Welikada prison on 21 May, blowing kisses to his ecstatic supporters and declaring a vow to fight unto death for democracy. The bright-green balloons his supporters had brought earlier that morning were already flat after hours in the sun. ...
- Tiran and Mahinda discuss Fonseka’s release (Category: Business)
- T-junction in the road (Category: Business)
- Sarath Fonseka will be released soon, says President (Category: Business)
- Fonseka says ‘Government must go’ (Category: Business)
Reuters: European Union leaders, advised by senior officials to prepare contingency plans in case Greece decides to quit the single currency, urged the country to stay the course on austerity and complete the reforms demanded under its bailout programme. After nearly six hours of talks held during an informal dinner, leaders said they were committed ...
- World economies prepare for panic after Greek polls (Category: Business)
- G20 backs Europe’s plans for overhaul to fight crisis (Category: Business)
- Global leaders urge swift action to resolve Europe crisis (Category: Business)
- Euro zone crisis reaches France, turns existential (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)
President Mahinda Rajapaksa returned to the country Wednesday morning after a successful tour in the state of Qatar. President Rajapaksa participated in the 12th Doha Forum and Enriching the Middle East Economic Future Conference as an international guest of honor on a special invitation from Emir of Qatar Sheikh Hamad bin Khalifa Al Thani. Addressing ...
- MR in Qatar to attend economic forum (Category: Breaking News)
- President returns home from Qatar achieving more benefits and strengthening ties (Category: Breaking News)
- Qatar Govt., private sector bullish on Sri Lankan opportunities (Category: Business)
- Sri Lankan President leaves for Qatar to attend Doha Forum (Category: Breaking News)
Popular Topics
- International Monetary Fund (527)
- Political crisis (837)
- Foreign exchange reserves (837)
- Shortage (20)
- Bank reserves (449)
- Anonymous (1)
- Fuel (89)
- Economy of Sri Lanka (695)
- Russia (70)
- Ukraine (2)
- Sri Lanka Tea (508)
- Tourism (149)
- Sri Lanka Quality Tea (524)
- Sri Lanka Tourism (525)
- Sri Lanka Cricket (506)
- Sri Lanka Hotels (509)
- Sri Lanka Elections (539)
- Hiru Tv (46)
- ITN News (114)
- Shakthi Tv (47)
- Rupavahini (1)
- Derana Dream Star (37)
- EPF (21)
- BBC (8)
- Rob Ford (9)
- Amanda Knox (1)
- Karen Stintz (1)