Sri Lanka Stocks to Extend Gains

Sri Lankan stocks will extend Asia’s third-best performance this year, surging a further 26 percent in 2010 as corporate earnings rebound, according to First Guardian Equities.

Nihonbashi first restaurant to launch menus on ipad

On the opposite side of the planet to Cupertino, California is the island nation Sri Lanka, home to Nihonbashi Japanese Restaurants, the first restaurant in the world to use the iPad. Nihonbashi has always been ahead of the curve when it comes to restaurant design, creativity in foods and bringing to diners the cultural and gastronomical appeal of Japanese cuisine.

Sri Lankan stocks hit new high, end up 2.34-points

Sri Lankan stocks rallied across the board Tuesday with the All Share Price Index (ASPI) reaching a new high, passing the previous high of 3,844.80 points on March 12, 2010, brokers said.

Lanka, UN committed to joint development

Dr. P.B. Jayasundara, Secretary, Ministry of Finance, speaking at the recent annual joint review of the United Nations Development Assistance Framework (UNDAF), stated that the Sri Lanka has moved to a middle income country and, expected to grow at a higher rate and to double the per capita income within the next five years.

Sri Lanka generates petrol

Central Environment Authority- managed pilot plant in Yatiyantota, Kegalle which was commissioned to convert plastic and polythene waste to petrol, today ran six vehicles with the petrol generated by the project.

Turbulence in Colombo-Doha open skies

The decision by the Sri Lankan civil aviation authorities to grant day-by-day approval for Qatar Airways’ third flight has caused turbulence in Colombo-Doha open skies.

US, Lanka discuss Intellectual Property law

Officials from the United States Patent and Trademark Office (USPTO) joined with representatives from Sri Lanka’s National Intellectual Property Office and the Business Software Alliance (BSA) to hold a series of workshops on Intellectual Property (IP) Law.  Employees and officials from Sri Lanka Customs and Law Officers from the Attorney General’s Department took part in the workshops.  

Sri Lanka stocks close 1.16-pct up, foreigners keep selling

Sri Lankan stocks closed up Friday on big price gains on blue chip stocks, while high interest on John Keells Holdings (JKH) helped turnover levels to pass a billion rupees, brokers said.

Sri Lankan stocks close up 0.21-pct

Workshop on Search Engine Marketing

Internet Marketing, Online Sales, eCommerce have become hot topics today in many Sri Lankan business forums as well as in many internal company meetings. Many of such meetings however end up in assigning a website development project to an external party who ultimately come up with a fancy websites along with a huge bill. But the most important questions still remain unanswered – Who should visit the website, how do we attract them, w

BOI Chairman outlines S.L’s future in Oxford Union address

Nissan recalls 540,000 vehicles worldwide

Japan’s Nissan Motor said on Wednesday it would recall nearly 540,000 vehicles worldwide, most of them in the United States, due to brake pedal defects and faulty fuel gauges.

Ceylinco Life retains market leader status at end 2009

Sri Lanka employers should have closer dialogue with workers: ILO

Kenya Takes Over Sri Lanka as Largest Tea Exporter

In the latest data provided by the Tea Board of Kenya indicate that the country has usurped the throne of Sri Lanka for the first time as the biggest tea exporter in the world. While Kenya exported 342mn kg last year Sri Lanka could only supply 280mn kg to the world tea market during the same period.

Sri Lanka short-end Treasuries edge up

Sri Lanka's three and six month Treasury bill yields edged up at Wednesday's auction, while the 12-month yield was flat the government's debt office said.

Sri Lanka to start ocean survey in oil search

Cairn India which is exploring for oil in Sri Lankan waters is to start gathering meteorological data and monitor ocean currents next month ahead of a test drilling programme, an official said.

Sri Lanka eyes sports business for post-war role

Govt. eyes Emirates' stake in Sri Lankan

First foreign bank opens in Jaffna

HSBC opened its flagship branch in Jaffna today becoming the first foreign bank to open its operation in the north.

Sri Lanka shares fall amid political woes

Gazprom seeks development of offshore fields in Sri Lanka

Russia’s gas giant Gazprom plans to take part in exploration of offshore hydrocarbon fields in Sri Lanka. Gazprom CEO Alexei Miller and Sri Lankan President Mahinda Rajapaksa, who is visiting Moscow, discussed this issue at the talks on Monday.

Global Marketing in Sri Lanka

Global Marketing Network (GMN), the worldwide professional membership association for marketing and business professionals will officially launch its Sri Lanka operation, GMN Sri Lanka. This event is to be hosted by the British High Commissioner, Dr Peter Hayes, at his official residence on 25th May 2010.

Shares at record high on earning hope amid polls

Sri Lankan bourse goes on holiday

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Sri Lankan stocks close 0.34-pct higher

Stocks closed 0.3 percent higher Friday as investors awaited presidential polls on January 26 and December quarter results also started to trickle in. The All Share Price Index closed at 3,531.73, up 12.02 points, while the Milanka index of more liquid stocks slipped 0.10 percent (3.93 points) to close at 4,044.83.

Lanka shares recover from 2 week low

Sri Lankan shares gained 1.41 percent from a two-week low on Wednesday as retail investors snapped up battered shares, dealers said. The All-Share Price Index .CSE of the Colombo Stock Exchange closed 49.11 points firmer at 3,532.41 points, from its lowest since Jan. 4. It hit a record high of 3586.68 on Monday.

Lanka accepts MU’S free education offer

Madras University Vice-Chancellor G Thiruvasagam said the Sri Lankan government “has agreed in principle’ to the University of Madras” free higher education to the Tamil refugees living in various camps in Sri Lanka.

CSE indices down for a second day

Profit taking dragged the indices at the Colombo Stock Exchange lower for the second straight day, Tuesday, as the ASPI closed down 45 points (-1.3 percent) to end at 3,483. The more liquid MPI closed down by 64 points (-1.6 percent) at 4,011. Turnover for the day was Rs 740 million with Richard Pieris & Company accounting for Rs 75 million. Richard Pieris closed the day down at Rs 44.25.

Sri Lanka holds policy rates steady

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