SEC lifts price band

The Securities and Exchange Commission (SEC) yesterday directed the Colombo Stock Exchange (CSE) to lift the 10 percent price band with immediate effect, although no reasons were cited for the decision.

ASI tops 5, 500 point mark

Colombo bourse recovered strongly today with the price appreciations in index heavy high dividend payers and due to the lifting of 10% price band regulation. ASI shot up by 111.25 points (+2.06%) to close at 5,518.72 while sensitive MPI ended at 4,939.80 with a gain of 32.65 index points (+0.67%)

Family members join Brandix to honour employees

The importance of family in an individual’s career was a poignant theme when Sri Lanka’s apparel exporter Brandix felicitated 39 Associates and six Supervisors at the Group’s annual Employee of the Year (EOY) Awards ceremony held recently at the Sugathadasa Indoor Stadium.

To Hambantota with love!

The reconditioned motor vehicle importers to the country said that they have no objection to the Sri Lanka Ports Authority’s (SLPA) move in routing ships carrying motor vehicles from Colombo to hambantota port for unloading.

T-bill yields up

Treasury bill yields rose across all maturities at yesterday's bill auction held for the re-issue of Rs.10 billion maturing bills

Bourse ends flat

The Colombo stock market ended on a flat note, weighting marginally on to the negative zone.

Taprobane Holdings to list shares

Taprobane Holdings Ltd has been granted approval-in-principle by the Colombo Stock Exchange to list 732.9 million ordinary voting shares by way of a share Introduction on the CSE’s Diri Savi Board.

SL economic growth modest but strong– ADB

The Asian Development Bank (ADB) yesterday described Sri Lanka’s economic outlook as ‘moderate but still strong’, adding that the economy would grow at 7 percent during 2012 and improve to 8 percent in the coming years amidst a better global economic outlook and growth driven mainly by domestic and foreign investment.

Buffett says he has prostate cancer

Berkshire Hathaway Inc Chief Executive and legendary investor Warren Buffett said he has stage 1 prostate cancer and will begin a two-month treatment in mid-July consisting of daily radiation treatments

Market down

The bourse edged lower today with relatively dull level of activity. Counters witnessed bare movements with low buying pressure

Tata Sons director appointed to Hemas board

Tata Sons Ltd. Director R. Gopalakrishnan has been appointed as a Non-executive Director of the board of Hemas Holdings PLC. 

Six Senses shelves plans to list on CSE

World-renowned leisure brand Six Senses is most likely to shelve its plans to list its regional business unit on the Colombo Stock Exchange (CSE).

IMF loan resumption positive for Lanka’s credit rating- Moody’s

The recommencement of the disbursement of the IMF tranches will be positive for Sri Lanka’s B1 credit rating, restoring investor confidence and strengthening foreign exchange reserves, Moody’s Investor Services noted.

Premasara Epasinghe’s Voice on Hutch Cricket Commentaries

Hutch entered into a partnership with veteran cricket commentator Premasara Epasinghe to bring the world of cricket much closer to the hearts of Hutch customers through the Hutch 555 voice portal.

T bill yields flat

The Treasury bill yields remained flat at yesterday’s bill auction for the re-issue of Rs.10 billion maturing bills, with the six months and twelve months yields remaining unchanged

Bourse ends on negative note

The Colombo equity market commenced the weekly operations on a negative note with benchmark indices delivering negative returns

HNB gets int'l rating

Sri Lanka’s Hatton National Bank PLC (HNB) yesterday received an international credit rating from Moody’s Investors Service

ALUMEX – “Service Quality' and 'Motivation” 2012

Heritance Ahungalla unveils $35mn sapphire-studded cake

Heritance Ahungalla, one of Sri Lanka's Aitken Spence group's premier hotels has unveiled a $35 million sapphire studded cake, which the hotel hopes will be a serious contender for the ‘World's Most Expensive Cake’ title this year

Choppy trading

The Colombo Equity market witnessed a choppy trading session today, indices closing on the alternate directions.

T-bill yields up; 6-month bids rejected

Treasury bill yields rose across maturities at yesterday's auction for the re-issue of Rs.10 billion maturing bills, though all bids for 6-month bills were rejected.

Jan exports down; trade gap Rs.1bn

Sri Lanka's export income during the month of January fell marginally to 0.6 percent year-on-year to US$918 million, while expenditure on imports rose 20.1 percent to US$1,883 million, the Central Bank said yesterday.

February tea output slips marginally

Sri Lanka's tea production edged down 0.6 percent in February due to high base in the same month last year, the state-run tea board said on Wednesday

Dollar inflows steady - Central Bank

The dollar inflows to Sri Lanka have increased substantially in the recent weeks, and a significant part of them were absorbed by the Central Bank boosting foreign reserves of the country, the Central Bank said in a statement

BE PREPARED TO FACE MEDICAL EMERGENCIES

March 22, 2012 Colombo: Taking a bold step forward in safeguarding the wellbeing of the nation, AVIVA NDB launched a carefully crafted health insurance plan recently.  AVIVA NDB HealthInsurance promises to be as outstanding as its forerunner AVIVA NDB Pensions which created a paradigm change in the market place last year. 

Bourse down

The Colombo Stock Exchange continued to perform weaker today with dips in indices

Market ends on a mixed note

The Colombo equity market ended on a mixed note today with MPI ending in the positive zone. API closed at 5,418.07, down 5.19 points (-0.10%) while sensitive MPI settled at 4,822.31, up 18.80 (+0.39%). Market turnover was registered at Rs.1.2bn

Hutchison Telecom Acquires Orange Austria for EUR1.3B

Standard Chartered Sri Lanka gets AAA

Fitch Ratings Lanka has affirmed Standard Chartered Bank, Sri Lanka Branch's (SCBSL) National Long-Term rating at 'AAA(lka)'. The Outlook is Stable

Colombo stocks dip

With high level of risk aversion, the Colombo Stock Exchange dipped into the negative territory today on the back of observed selling pressure.