Apple unveils 4G iPad

Apple Inc's latest iPad sports a crisper display and an array of technology advances that, while less than revolutionary, may prove enough for now to keep rivals like Amazon.com Inc and Samsung Electronics Co Ltd at bay

Bourse up; mediocre turnover

  The Colombo Stock Exchange ended positively today however on a lackluster ground

T-bill yields up across all maturities

Sri Lanka’s Treasury bill yields rose across all maturities with three-month yields rising 30 basis points to 10.11 per cent, six-month yields 24 basis points to 10.18 per cent and 12-month yields 15 basis points to 10.45 per cent, the data released by the Public Debt Department of the Central Bank following today's auction said

Access IPO oversubscribed

The Initial Public Offer (IPO) of Access Engineering has been oversubscribed and will be closed at 4.30 pm today, the Managers to the Issue said

ALUMEX - STRATEGIC SPONSOR FOR ARCHITECT 2012

Alumex a fully integrated manufacturer of aluminium extrusions and the leader in the industry has been in operation for over 20 years in Sri Lanka. For the second consecutive year Alumex was the strategic sponsor of Architect exhibition organized by the Sri Lanka Institute of Architects.

Nissan to revive Datsun brand for emerging markets

Nissan Motor Co plans to revive the Datsun nameplate to sell inexpensive cars tailored for emerging markets from 2014, the Nikkei newspaper reported recently, as the Japanese automaker revs up its efforts to tap fast-growth countries

Bourse ends flat

The Colombo equity market ended flat today on limited buying pressure by investors as market displayed no signs of momentum.ASI increased by 4.62 points (+0.08%) to end at 5,464.81 while sensitive MPI increased by 29.23 points (+0.62%) to close at 5,464.81. Market turnover stood at Rs.1.0bn

Hutch Partners Commercial Bank for SMS banking

Through the linking of their services, Hutch has now enabled their customers with Commercial Bank accounts access to a variety of services, 24 hours a day, via a simple SMS.

S&P lowers SL’s sovereign rating outlook

Rating agency, Standard & Poors (S&P) has revised down its outlook on Sri Lanka's B+ long term foreign currency sovereign credit rating outlook to stable from positive while lowering the long term local currency rating to B+ from BB-

Colombo Diabetic Foot Conference 2012

According to an study, conducted by PGIM in 2011 in ijcrimph (journal), selected pool of 110 patients of male has 82.7% non healing ulcers and 38.2% amounted for amputation where this prevalence will further increase with an increased number of Diabetes Patients.

Rupee at record low

Sri Lanka's rupee hit a record low of Rs.121.20/40 against US dollar today.   This was mainly due to importer dollar demand, as the Central Bank stayed away in line with its new policy against intervening to defend a specific price, currency dealers said. The rupee on Friday closed at Rs.119.90/120.00.

Fitch withdraws on Hayleys

Fitch Ratings has withdrawn its rating on Hayleys PLC and will not provide ratings or analytical coverage of the firm

T bill yields up 20 basis points

Sri Lanka Treasury bill yields rose across all maturities at yesterday's auction, with 12 month yields topping 10 percent for the first time this year, data released by the Public Debt Department of the Central Bank showed

OUTSTANDING Entrepreneurship Award 2012

Rupee strengthens on dollar sales by state banks

Reuters—Sri Lanka's rupee currency, which had an all-time closing low on Tuesday, initially weakened further today but then strengthened as state banks sold dollars.

India's Jubilant Foodworks plans 2 more stores in SL

Jubilant Foodworks , which runs the Dominos Pizza chain in the country, plans to open two more stores in Sri Lanka over the next two months, its chief executive Ajay Kaul said in anearnings conference call yesterday

Bourse plunges

The Colombo Stock exchange experienced yet another heavy dip today where benchmark indices witnessed a considerable downfall. Furthermore the market capitalization of CSE fell below Rs.2tn mark

Sri Lanka ups policy rates

The Monetary Board of Sri Lanka has finally decided to increase the policy rates by 50 basis points owing to increased private sector credit growth that is resulting in a widening trade deficit

January inflation slows to 3.8%

Sri Lanka’s January inflation slowed to 3.8 percent from a year and from 4.9 percent recorded in December 2011, the data released by the Census and Statistics Department said

Aitken Spence books Rs.630mn capital gain via terminal stake sale

Aitken Spence PLC informed the Colombo Stock Exchange today the firm would realise a capital gain of approximately Rs.630 million on the sale of its shareholding in Colombo International Container Terminal (CICT) to China Merchant (International) Company Limited (CMHI)

Market rebounds

The Colombo equity market rebounded today to the positive territory however on a lackluster note. ASI closed at 5,556.29, up 20.2 points (+0.36%) while sensitive MPI settled at 4,736.93, up 26.03 (+0.55%). Market turnover stood at Rs.628.8mn

SAVOUR THE PREMIUM ‘BLUE-OCEAN’ RESIDENCIES…

Bourse starts new week weak

The Colombo Stock Exchange started the new week on negative dynamics where benchmark indices fell sharply throughout the day. Furthermore all the sectors except for oil palm sector depicted considerable losses

Nestlé invests in Rs.1.1bn noodle factory

Nestlé Sri Lanka, the local subsidiary of the world’s leading nutrition, health and wellness company, opened its new noodle plant at its state-of-the-art manufacturing facility in Kurunegala a while ago, marking the second phase of its investment commitment of Rs.10 billion in Sri Lanka

Net foreign buying first time in 2012

Although Colombo bourse continued to be weighted down by notable selling pressure during the trading today, foreigners emerged as net buyers for the first time in the New Year

Indices record losses

Colombo stocks ended in red zone today with notable losses in both benchmark indices. ASI dropped by 62.90 points (-1.04%) to close at 5,972.75 while sensitive MPI dropped by 53.99 points (-1.03%) to close at 5,120.89

Bourse back in red

The Colombo stock market ended lower for the second consecutive day for the week due to rising uncertainties

ComBank deal pushes bourse up

The Colombo bourse started the last trading week of 2011 on a positive note with both indices recording notable gains for the third consecutive day.

HUTCH AWARDS CRICKET & RUGBY FANS

With the celebrated Rugby World Cup just coming to an end and cricket still being a hot topic due to on-going matches, Hutch organised a competition that was close to their customer’s hearts. The sports-themed SMS competition, which saw island wide participation, resulted in two customers emerging as the lucky winners at the end of the programme.

Indices up, revenue dips

The Colombo bourse recovered sharply today to the positive zone with notable turnaround in the indices however with thin volume