Bourse ends in red

Colombo stocks ended lower today with both indices recording further losses. Benchmark ASI closed at 5,851.94, lost 9.02 index points (-0.15%) and sensitive MPI closed at 5,088.25, a drop of 17.16 index points (-0.33%). Market turnover stood at the year to date low of Rs.382.1mn

AVIVA NDB RECORDS LKR 9.9 BILLION CONSOLIDATED REVENUE AS AT Q3

Normal 0 MicrosoftInternetExplorer4 st1\:*{behavior:url(#ieooui) } /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:1

World's cheapest tablet Aakash goes on sale

NEW DELHI: Datawind, the maker of the world's cheapest tablet has put up for sale about 30,000 tablets online at a price of Rs 2500 each, with a delivery period of seven days

Dialog dials Suntel

Sri Lanka’s Dialog Axiata’s subsidiary, Dialog Broadband Private Limited (DBN) yesterday entered into a share purchase agreement (SPA) to purchase 100 per cent of Suntel Limited, the second largest wireless fixed line operator in Sri Lanka, from its current shareholders

Dialog redials Suntel

Sri Lanka’s celco leader Dialog Axiata is believed to have finalized a deal to buy over 100 percent of fixed line-CDMA operator Suntel Private Limited; an informed source reveled to Mirror Business

Bourse ends positive

Colombo Bourse ended on positive territory today with ASI and MPI gaining 39.34 points (+0.8%) and 29.66 points (+0.5%) to close at 5,994.66 and 5,267.74 respectively. The market turnover was LKR 461.7mn

CIC inks partnership with Dubai-based S.S Lootah

Dubai-based S.S. Lootah International, through its subsidiary company, Creative Choice has entered into a partnership deal with Sri Lanka-based CIC Agri Businesses, to jointly address the agri market requirements in the UAE and explore the opportunities in Africa, a foreign news report said.

Selected Lankan businesses to get faster UK visas

The British High Commission (BHC) today launched a new fast track visa pilot scheme for selected Sri Lanka companies doing regular business with the United Kingdom

NANDANA WINS THE BIGGEST ONE AT WORLD BRAND CONGRESS

Normal 0 MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"

Market ends flat

Market ended in flat today where benchmark indices closed on opposite direction. ASI closed at 5,988.65, a marginal drop of 7.27 index points (-0.12%) and MPI gained marginally by 0.44 points (+0.01%) to close at 5,156.39. The daily market turnover was Rs.775.9mn

Wijeya launches first ever 24/7 breaking news apps

Wijeya Newspapers broke new ground in Sri Lanka yesterday as they launched the first ever Breaking News Application (Apps). Wijeya Newspapers, Sri Lanka’s largest newspaper circulation group launched News Apps for two of their top publications - the Daily Mirror and Daily Lankadeepa, whilst also launching Web 2.0. e-Papers for the Sunday Times and Sunday Lankadeepa. Staying on top of digital trends the launch of the Breaking News apps and e

Anything.lk – The most sought after Sri Lankan site on Facebook and Google

ComBank gets Rs.7.4bn IFC facility for SMEs

The International Finance Corporation (IFC), a member of the World Bank Group, has extended a seven-year, US$ 65 million (approximately Rs 7.4 billion) financing facility to the Commercial Bank of Ceylon PLC to expand the latter’s lending to Small and Medium Enterprises (SME), a statement by the bank said.

Bourse ends positive

Colombo Bourse witnessed a rather volatile trading session today. The benchmark indices which dropped in the morning session ended the day with notable gains on speculation that the regulator may relax the credit policy on broking firms

President gives a patient hearing to brokers

Colombo Stock Brokers Association (CSBA) met with the president in the morning to communicate their grievances about the present situation of the Colombo Stock Exchange.

ASI drops below 6, 000 points

The Colombo equity market further dipped into the negative territory on account of the weak investor sentiments. Notably ASI dropped below 6, 000 mark today for the first time during 2011

UAE-Sri Lanka Economic Relations: A growing partnership

A high level trade mission from the UAE, headed by Sheikha Lubna Bint Khalid Al Qasimi, Minister-Foreign Trade in the UAE arrived in Sri Lanka yesterday. A business forum and one-to-one meetings between the government as well as private sector companies will take place today

Lackluster bourse

Colombo bourse experienced yet another lackluster session with low activity and turnover levels. The benchmark ASI slipped 25.59 points (-0.4%) to close at 6,035.36 while MPI ended the day at 5,275.41, a dip of 23.83 points (-0.5%)

Thumbs down for budget?

Sri Lankan equity market ended lower today due to wide spread investor uncertainty. ASI dipped by 58.91 points (-0.96%) to close at 6,060.95 while liquid MPI decreased by 58.21 points (-1.1%) to close at 5,299.24. Market turnover was posted at Rs.1.2bn

Uncertain market

Uncertainties in the Colombo Bourse continued further as benchmark indices skidded down to the negative territory

Bourse slumps on takeover law

Sri Lanka's stock market hit a 14-month low on Tuesday, falling 2.4 percent led by blue chips although state funds bought shares to boost confidence, which was dented due to an assets acquisition bill ahead of next week's budget presentation

BenQ launches in Sri Lanka at Image Today

Normal 0 MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"

Market tumbles

Market tumbled down further today with benchmark indices slipping into red zone while the overall sentiment was negative. ASI dropped 92.96 points (-1.47%) to close at 6,239.52 while more sensitive MPI closed at 5,535.74, a dip of 116.13 points (-2.05%).

Kingfisher to sell property to fly out of debt

MUMBAI: The board of Kingfisher Airlines (KFA) will today consider a proposal to cut debt by more than half by selling property, converting loans from its parent company into equity, and changing the terms under which it leases aircraft

Stock Market Update... 11th November 2011

The All Share Price Index gained 15.0 points to close at 6,332.5 (+0.3%), whilst the more liquid  Milanka Price Index also gained 17.4 points to close at 5,651.9 (+0.3%).

Volatile market

Notable level of intraday volatility was seen in the Colombo bourse today. The market started the operations in early trading in the negative territory where a sharp pull back was seen in the mid trading session. However in the latter part of the day the market lost its momentum to end negative

Tourist arrivals hit new record high in 2011

Sri Lanka's tourist arrivals in the first 10 months of the year has surpassed 2010's record as visitors to the island nation has continued to rise every month on a year-on-year basis since a 25-year civil war ended in May 2009

Virtusa among Forbes’ small 100

Virtusa Corporation, a company founded by a Sri Lankan, has been named in Forbes’ list of the “100 Best Small Public Companies in America”

SLT profits flat

Sri Lanka's leading fixed line operator, Sri Lanka Telecom PLC (SLT) recorded a consolidated net profit of Rs.1.05 billion for the September quarter (3Q11), up by 3 percent, year-on-year

Peoples Leasing IPO oversubscribed

People's Lasing Company’s Initial Public Offering (IPO), the second largest so far on CSE which opened today, has been oversubscribed, SSP Corporate Services (Private) Limited, the registrars to the issue informed to the market