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Following is the part one of the Daily FT article featuring the Acuity Stockbrokers Research on Economy and Strategy titled “Lion Leads Frontier” launched last week. Better than the rest General frontier market risks remain pertinent to Sri Lanka Investors in frontier markets
- Lion leads frontier markets (Category: Business)
- Sri Lanka’s growth world’s fourth best! (Category: Business)
- Sharper slip in Sri Lanka’s rank in global competitiveness (Category: Business)
By Cheranka Mendis Asia Leisure, a fully-owned subsidiary of Asia Capital Group, yesterday announced a strategic tie-up with Japan Capital Pvt. Ltd., through which the latter has made an initial investment of US$ 1.8 million in Asia Leisure’s property in Wadduwa. Anticipated to be up and running by June/July next year, Japan Capital has bought ...
- Asia Leisure forms partnership with Teoria Investment Japan for new hotel projects (Category: Business)
- Asia Leisure Ties Up With Japan’s Teoria Investments (Category: Business)
- Asia Capital begins construction of two luxury hotels in Balapitiya and Wadduwa (Category: Business)
- South Africa’s Sun City to invest $ 800 m in Sri Lanka tourism (Category: Business)
Says trade before politics and wants better connectivity for businessmen By Uditha Jayasinghe Sri Lanka should tap into the south Asian region, which is putting trade before politics, said a top official, calling for Sri Lanka to move ahead with the Comprehensive Economic Free Trade Agreement (CEPA). South Asian Association for Regional Cooperation (SAARC) Chamber ...
- Basil urges greater integration by SAARC biz (Category: Business)
- Re-considering SAARC trade (Category: Business)
- Sun Foundation extends its initiative in Sri Lanka (Category: Business)
- South Asia’s private sector unites to fast-track trade facilitation (Category: Business)
Acuity Stockbrokers Ltd. on Wednesday sent a strong message that it is time investors grabbed early opportunities to invest in equities based on attractive valuations as the “Lion” is leading frontier markets. Its latest research report on the Lankan economy and equity market was launched via a forum involving an expert panel and its clients. ...
- Businessman falls to death from 7th floor apartment (Category: Breaking News)
- Economist falls to his death (Category: Breaking News)
- Mineral Wealth (Category: Business)
- Investor Eye launches investment research service (Category: Business)
Industry experts urge disillusioned local investors to ‘buy when it’s down and sell when it’s up’ In a highly volatile atmosphere and with low investor confidence in the Colombo Bourse, experts earlier this week went against the negative sentiments and instead stated that now is the time to buy. These views were aired at a ...
- Why Lion leads frontier (Category: Business)
- Achieving economic goals amidst global challenges (Category: Business)
- Sustainability in volatility: The bankers’ challenge (Category: Business)
The relatively low rate under which the $ 1 billion 10-year sovereign bond issue was concluded is largely due to overall low yields in global markets and not necessarily because of claimed improvement in Sri Lanka’s fundamentals or the economy, independent analysts told the Daily FT yesterday
- Sri Lanka exploits brief calm to raise $1 billion (Category: Breaking News)
- Measuring Risk (Category: Business)
- Price Discovery (Category: Business)
- Bond Moves (Category: Business)
Sri Lanka’s $ 1 billion10-year sovereign bond launched on Tuesday saw strong demand, being oversubscribed by more than 10 times before the order book was closed, Reuters said, quoting unnamed sources close to the deal. “As of now it has been oversubscribed by more than 10 times and we see strong demand for the ...
- Bond Sale (Category: Business)
- Bond Launch (Category: Business)
- Deal Awards (Category: Business)
- CB Chief urges more corporates to go for bonds after BOC’s mega success (Category: Business)
Gaining effective control in Browns and Moody’s linked unit’s A- rating are positive developments say analysts Further improvements likely as LOLC progresses towards diversified holding company milestone LOLC last week effected what could be estimated as Rs. 7 billion mark topping acquisition since January 2010 as part of properly repositioning it as a diversified holding ...
- LOLC moves to gain full control of Brown and Company PLC (Category: Breaking News)
- LOLC weathers tough year with highest-ever profits (Category: Business)
- LOLC forges ahead with steady growth in profitability (Category: Business)
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 ...
- Media Ministry to “register” social media users in Sri Lanka (Category: Breaking News)
- Media Ministry to “register” social media users in Sri Lanka (Category: Breaking News)
- Media Ministry to “register” social media users in Sri Lanka (Category: Breaking News)
- Media Ministry to “register” social media users in Sri Lanka (Category: Breaking News)
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
- Harry’s Melstacorp buys 11% more in Spence for Rs. 5 b (Category: Business)
- LOLC Group ‘buys’ top Rs. 7 b in two and half years (Category: Business)
- DFCC buys 10% NTB stake for Rs. 1.3 b (Category: Business)
- Controlling shareholder CFLB buys 12% more of Colonial Motors for Rs. 319 m (Category: Business)
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. ...
- WB South Asia Chief Economist to address Sri Lanka Economic Summit 2012 (Category: Business)
- Carson Cumberbatch platinum sponsor of Sri Lanka Economic Summit 2012 (Category: Business)
- CCC’s 13th Economic Summit from 10-12 July (Category: Business)
- Former Procter & Gamble MD Gurcharan Das to address Sri Lanka Economic Summit 2012 (Category: Business)
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 ...
- HSBC Group GM and Head of International Asia Pacific visits Sri Lanka (Category: Business)
- Successful $ 500 m BOC Bond is landmark says HSBC CEO (Category: Business)
- HSBC clinches award for best Sri Lanka deal (Category: Business)
- HSBC puts banking on the palm of a customer’s hand (Category: Business)
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 ...
- Japanese to invest US$ 125mn in Treasury bills and bonds (Category: Business)
- SL owes $ 15 b on foreign borrowings since 1997 (Category: Business)
- New World Securities breaks new ground to woo Japanese investors (Category: Business)
- Investment Forum in Tokyo woos Japanese investors (Category: Business)
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
- HNB Assurance goes Outward Bound (Category: Business)
- Wilderness adventure helps teen improve survival, life skills (Category: Canada, Ontario)
- GSK staff bonds in grand adventure (Category: Business)
- Emirates stirs travel bugs with ‘Cash + Miles’ offer in Colombo (Category: Business)
of the EPF which is “a large investor in Sri Lankan banking stocks.” The Daily FT yesterday ...
- UNP vows to prove the truth (Category: Business)
- EPF and ETF tangled up! (Category: Business)
- EPF is well managed, not corrupt: CB Chief (Category: Business)
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. ...
- Sri Lanka Stock Exchange launches a new index to meet investor demand (Category: Breaking News)
- Stock market indices record significant gains today (Category: Breaking News)
- Sri Lankan stock market launches new index in collaboration with S&P (Category: Breaking News)
- S&P & CSE launch ‘S&P Sri Lanka 20’ (Category: Business)
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 ...
- Harsha claims Govt., CB lack credibility (Category: Business)
- UNP draws guns on “military control” of Rupee (Category: Business)
- S&P’s soother! (Category: Business)
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 ...
- Stocks extend rally on banks, hotels (Category: Business)
- Bourse loses Rs. 85 b in value in a week (Category: Business)
- Foreign craving for stocks grows; inflow tops Rs. 28 b (Category: Business)
- Net foreign inflow tops Rs. 30 b; Bourse rebounds (Category: Business)
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 ...
- Taj Samudra plays host to Udit Narayan (Category: Business)
- ‘The Scholarly Discourse on Indian Literature’ – Monthly Lecture 6 (Category: Breaking News)
- Investment phase of 110 Parliament Road Apartment Complex ends this month (Category: Business)
- Economic outlook (Category: Business)
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 ...
- US announces partial evacuation of embassy in Niger (Category: Breaking News)
- Current ‘discourse’ on CBSL salary revisions ‘extremely partial and based on personal agendas’ (Category: Breaking News)
- Partial West & Shameful Muslim Leaders Complicit In Israel’s War Crimes In Gaza (Category: Breaking News)
- Government enforces unofficial partial lockdown (Category: Breaking News)
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 ...
- Deadlock over four ships carrying 2,000 cars (Category: Breaking News)
- President revs up reconditioned vehicles (Category: Business)
- 2012 budget deficit goal challenging says CB Chief (Category: Business)
to the Editor of the Daily FT. Yesterday’s column stated ...
- Letters to the Editor – Central Bank and TFC (Category: Business)
- Daily FT Editor among top individuals for Global Commerce Excellence medals (Category: Business)
- Infoshare launches ‘Kavakatu’ at Microsoft ‘Accelerating Asia Pacific 2011’ summit (Category: Business)
- Classic Travels partners with Royal Orchid (Category: Business)
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 ...
- Arogya 2012 to promote local health sector (Category: Business)
- ‘Arogya 2012’: A step towards better healthcare (Category: Business)
- NCCSL briefs Health Minister on Arogya 2012 progress (Category: Business)
- Upali quits Nawaloka Hospitals Board (Category: Business)
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 ...
- Taiwan elects William Lai president in historic election (Category: Breaking News)
- Taiwan elects William Lai as president in historic election (Category: Breaking News)
- Hong Kong media tycoon, pro-democracy activist Jimmy Lai freed on bail (Category: USA, New York)
- Hong Kong media tycoon, pro-democracy activist Jimmy Lai freed on bail (Category: USA, New York)
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)
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. ...
- Sri Lanka unit trust industry to reach Rs. 50 b in five years (Category: Business)
- Successful $ 500 m BOC Bond is landmark says HSBC CEO (Category: Business)
- HSBC clinches award for best Sri Lanka deal (Category: Business)
The Central Bank yesterday denied the Reuters report (also published in the Daily FT yesterday) which said the target of the rupee had been shifted to Rs. 132 levels from the previous Rs. 125. Despite Central Bank denial, Reuters didn’t re-file a corrected story which it usually
- Keheliya joins Rupee talk; Says will settle between 125 and 127 (Category: Business)
- CB says rupee outlook unchanged from 125 (Category: Business)
- Rupee slips on importer dollar demand; shares down (Category: Business)
- Stocks at 23-month low; Rupee stronger (Category: Business)
The Securities and Exchange Commission of Sri Lanka (SEC) writes in response to the article published in Daily FT on Monday 28 May 2012 under the caption ‘Cracks in SEC?’ The article has stated that the Chairman has written to the Ministry of Finance that the Senior Commission
- Facebook cracks down on fake “Likes” (Category: Business)
- Europe orders cracks check on Airbus A380s (Category: Business)
- Cracks appear in Balochistan coalition govt over panel for finding missing persons (Category: Breaking News)
Further to the clarification issued by the Central Bank of Sri Lanka regarding the controversial The Finance Company (TFC), I would like to congratulate the President Mahinda Rajapaksa for rescuing its depositors. We know that it was President Rajapaksa who as Minister of Finance intervened to help hapless depositors of TFC and ordered the CBSL ...
- TFC releases popular midfielder Robinson (Category: Canada, Ontario)
- Recapitalising The Finance Company PLC (Category: Breaking News)
- TFC will need quick start in Panama (Category: Canada, Ontario)
- The Finance aims higher, retains MTI Consulting for strategising (Category: Business)
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