Harry J to spread insurance wings?

The latest guesswork of analyst revolving the ‘cash in hand’ situation of Harry Jayawardena owned Distilleries Company Plc has indicated that the business tycoon is in the look out to acquire an insurance company, Mirror Business learns.

Oman Air website accepts debit cards

Oman Air, the national carrier of the Sultanate of Oman, has enhanced its website to accept debit cards.  This added feature will benefit those customers who do not own credit cards but wish to purchase Oman Air’s ticket on the internet.

Investing in Stock Market

If an investor wishes to buy or sell shares through the Stock Exchange, the first thing that he/she should do is to open a Securities Account in the Central Depository System. 

Trillium Residencies offers investment decision of lifetime

At the time of its inception, Trillium Residencies, a BOI-approved luxury condominium project was the only one of its kind in the country that was willing to pledge an investment of Rs. 7 billion to-date. 

Lanka at Paris ‘Destination Nature Fair’

The annual ‘Destination Nature Fair’ was held in Paris from 25th to 27th March, with the participation of more than 200 companies, including Sri Lanka.

Awareness, key for healthy living - SLCPI

“Today, virtually every country in the world is grappling with the scourge of counterfeit and unregistered drugs threatening the lives of patients and, by working together, Sri Lankan families can be kept safe from this hazardous problem,” said Ken Kero-Mentz, Economic Officer at the US Embassy.

SL records 2nd best post-independence GDP growth

The economic output of Sri Lanka as measured  by GDP for the year 2010  at constant (2002) prices is estimated at  Rs. billion 2,645.4 as  against Rs. billion 2,449.2  in the previous year, registering an 8.0 percent growth rate as against 3.5 percent growth in the previous year. 

LOLC Motors sponsors VW Beetles Rally

The Volkswagen Beetle owner’s club presented its annual Volkswagen beetle rally commemorating the fifteenth  Anniversary Celebrations of the “Pride of Ownership” Drive. This year’s event was held for its twelfth  year since the Club’s initiation in 1999.

Rubber industry can benefit from Nanotechnology

Natural Rubber (NR) has been effectively used for various industrial applications. Invention of pneumatic tyres and inner tubes in late 1840’s and the expansion of the automobile industry resulted in a greater demand for NR. However, the properties and the cost of the products manufactured from NR were not attractive until the use of carbon black as reinforcing filler.

Influential govt official in Combank board

State-owned funds once again showed muscle, pushing the appointment of a top government official to the director board of Sri Lanka’s largest private bank, Commercial Bank of (Ceylon) Plc.

A Breather…29th March 2011

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Stock Market Update... 28th March 2011

The All Share Price Index dipped 30.2 points to close at 7,210.1 points (-0.4%), whilst the Milanka Price Index closed flat at 6,838.4 points (0.0%). The total turnover was LKR1,608.6 mn (USD14,562.7 k)  vs. 12-month average daily turnover of LKR2,800.0 mn (USD25,348.5 k) whilst the volume traded for the day was 49,510.7 k against the 12-month average daily volume of 93,674.8 k.

Hat trick for Harpic as Household care Brand of the Year

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Seylan Bank presents “The Business Case”

Seylan Bank on last Wednesday presented its 2010 annual report titled ‘The Business Case’ in an glittery event that showcased the bank’s unprecedented growth in the hands of its new management and the shareholders. The annual report was formally presented to Central Bank Ajith Nivard Cabraal by the Chairman of Seylan Bank Eastman Narangoda.

WB MD reinforces support to Lanka

Dr. Mahmoud Mohieldin, Managing Director of the World Bank, visited Sri Lanka to get a first hand view of the country’s achievements, challenges and potential. He was accompanied by Diarietou Gaye, World Bank’s Country Director for Sri Lanka, and a team of officials from Washington and the local country office.

Volatility Continues…. 23rd March 2011

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On a Recovering Mode…. 16th March 2011

The All Share Price Index gained 86.6 points to close at 7,115.6 points (+1.2%), whilst the Milanka Price Index also gained 35.0 points to close at 6,643.7 points (+0.5%).

Stock Market Update... 11th March 2011

The All Share Price Index dipped 70.9 points to close at 7,313.2 points (-0.9%), whilst the Milanka Price Index also dipped 57.1 points to close at 6,822.2 points (-0.8%).

Market Searching for Direction...10th March 2011

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Market Heads Further Down…. 09th March 2011

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Become an all-rounder so that companies want you- Dusty

My company hasn’t blocked social networks as we are very pro-social networking. When a vacancy exists, we put it on Facebook and receive hundreds of applications. This is something we need to accept as a reality and we can’t avoid it anymore. What we need to do is use it for business purposes such as communication and follow up on business deals

Looking South…..07th March 2011

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Standard Chartered operating profit climbs 19% to $6.12BN

Standard Chartered PLC today announced an eighth successive year of record income and operating profit, demonstrating the consistent and sustainable growth strategy of the Group. The bank continues to invest selectively in the business, positioning them well to take advantage of the long-term growth opportunities across markets, whilst maintaining a strong focus on the fundamentals of the bank.

Emirates offers more tickets

As enthusiastic cricket fans in Sri Lanka gather around their television sets to watch the ICC Cricket World Cup 2011, Emirates, an official partner of the event has provided yet another opportunity to win tickets to World Cup matches being played in the country.

A Major Headwind….03rd March 2011

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Etisalat takes Blackberry services to everyone

Keeping in line with the promise of 'Blackberry for everyone", Etisalat has opened  Sri Lanka's 1st ever Etisalat Blackberry Care Centre. Conveniently located on  196, Highlevel Road, Colombo 6, this inaugural 'Blackberry Care Centre.', offers a host of Blackberry and other Etisalat services.

Stock Market Update... 01st March 2011

The All Share Price Index dipped 96.3 points to close at 7,701.7 points (-1.2%), whilst the Milanka Price Index also dipped 44.4 points to close at 7,096.6 points (-0.6%).

CSE update : 25th Feb 2011

The All Share Price Index gained 128.2 points to close at 7,711.6 points (+1.7%), whilst the Milanka Price Index dipped marginally to close at 7,169.4 points (-0.1%).The total turnover was LKR3,030.6 mn (USD27,342.4 k) vs.12-month average daily turnover of LKR2,712.3 mn (USD24,459.4 k) whilst the volume traded for the day was 66,861.2 k against the 12-month average daily volume of 91,470.0 k.

Union Bank IPO oversubscribed by 225 times

The Initial Public Offering (IPO) of Union Bank of Colombo has been oversubscribed by approximately 225 times, the Registrars to the issue informed the Colombo Stock Exchange a while ago

Mixed Sentiments…24th Feb 2011

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