Indices decline on profit taking

Indices at the Colombo Stock Exchange declined on profit taking today (Monday), though turnover remained high on large parcels of a Venture Capital changing hands and retail participation.

Hutchison Telecom has no plans to sell Sri Lanka unit

Lanka shares hit new peak on hotel shares

Sri Lankan shares .CSE rose 0.94 percent to a new record high on Friday as investors stepped up buying of hotel shares on hopes of better profits due to peaking post-war tourist arrivals to the island nation.

Indices at CSE close higher

Indices at the Colombo Stock Exchanged closed higher today as the investors chased up stocks to reverse a two day decline. The ASPI closed up 49 points (+1.2 percent) to end at 3,564. The more liquid MPI closed up 79 points (+2 percent) to end the day at Rs 4,085.00. Turnover for the day was Rs 2.3 billion with Environmental Resources and Investments (ERI) instruments accounting for Rs 727 million of the day’s business. ERI ordinary shares

Lanka HSBC to settle stock payments

Sri Lanka's HSBC bank said it has been appointed as a settlement bank by the Colombo Stock Exchange's central depository system, and has started settling deals from January 12.

World Bank provides aid for Projects in North, East , Uva

The International Development Association of the World Bank has agreed to provide Rs 21 billion (USD 182 million )  for implementation of the Provincial Roads Project, Northern Emergency Recovery Project and Community Livelihoods in Conflict Affected Areas Project.

Japan provides Rs. 103 million aid to Lanka

The Government of Japan has provided a sum of Rs. 103 million for one demining project in Mannar and Vavuniya districts and three livelihood and development projects in Jaffna, Batticaloa and Matara districts to accelerate resettlement process and to improve the lives of people at the grass-roots level.

Lanka's Finance firm profits to pick up in 2010

Sri Lanka's finance company profits would pick up in 2010 as deposit rates falls, helping offset some credit losses, but asset quality may remain until the economy strengthens, Fitch Ratings has said.

Sri Lankan shares close flat

Indices at the Colombo Stock Exchange ended on a mixed note today as small and medium cap stocks picked up while declines were seen in large cap stock.  The ASPI, which tracks the movement of all the stocks in the market, was up just a point to close at 3,516 while the MPI, which tracks the movement of the 25 most liquid stocks, was down 29 points (-0.7 percent) to close at 4,001.    

Sri Lankan shares close flat

Sri Lankan shares close flat

Sri Lankan shares close flat

Sri Lankan shares close flat

Sri Lanka seeks to secure new markets for exports

The Ministry of Foreign Affairs has urged Sri Lankan Missions overseas to use the emerging opportunities to secure new markets for Sri Lankan exports, while expanding Sri Lanka’s existing market share in the countries of their accreditation.

NEXT retains leadership in CIM education

NEXT School of Business recorded a student base of over 500 for the December 2009 examination thereby maintaining its position of leadership as the largest Chartered Institute of Marketing (CIM U.K.)

Govt. in big push for Hambantota

Massive business plan worth billions gets cabinet approval, committees appointed to call tenders, phase I to be completed by April 2011 

875 villages to go from rags to riches

Over 800 rural villages are to be developed by a special World Bank approved IDA credit of US$ 75 million.

Stock market high rise persists

 Sri Lankan shares closed at a record on Tuesday as investors bought blue chip shares continuing its upward trend ahead of January polls.

Asia stocks track U.S. tech rally

The dollar held firm on Tuesday against major currencies, and hit a two-month high against the yen, while Asian shares edged up as technology stocks tracked a rally in their peers on Wall Street.

Kelani Shakthi turns Jaffna youth into skilled electricians

The first batch of passed out students of  Kelani Shakthi has established themselves as professional electricians in the North. 

Lanka Hospitals issues interim dividend backed by positive financial growth

Lanka Hospitals’, has sought to add to shareholder value by issuing an interim dividend of Rs. 1 per 

Design Containers bags top entrepreneur award

Design Containers known for their eco-friendly constructions have clinched the award for the Best 

Sri Lanka to sell 80% of Hambantota port to Chinese firm

REUTERS:  Sri Lanka will sell to a Chinese company 80 percent of a US $1.5-billion port in its south, 

Amãna Bank offers Gold Certificate Financing

Amãna Bank offers Gold Certificate Financing as an innovative alternative for conventional pawning.   

Fed again poised to cut longer-run interest rate forecast

REUTERS: US Federal Reserve policymakers are set this week to again cut their forecasts for how high interest rates will need to go in an economy where output, productivity and inflation are growing 

Qatar Airways voted ‘Best for Business’ by Condé Nast Traveller readers

Qatar Airways has once again been recognised as one of the leading airlines in the world in the recent Condé Nast Traveller ‘Readers Travel Awards’ held in London, United Kingdom.  

UB Finance continues growth momentum in 1Q

Leveraging on the solid platform built over the past three years, UB Finance continued its growth momentum into the first quarter of 2016/17. 

VirtusaPolaris receives Stevie Award for investor relations, technical innovation

VirtusaPolaris, the market-facing brand of Virtusa Corporation and Polaris Consulting & Services Ltd 

Regulator approves CEB’s interim measures to avert power crisis

Sri Lanka’s power regulator has said it would consider the interim measures put forward by the CEB to avert a power crisis, but at the same time rejected the Least Cost Long Term Generation Plan 

Biz Council calls local businesses to further exploit trade with France

The Annual General Meeting (AGM) of Sri Lanka-France Business Council, hosted by the Ceylon 

LSP partners Sampath Visa payWave initiative

With the recent entry of the dual interface EMV card introduced under the Visa branding of payWave by Sampath Bank, in order to offer its customers innovation and cutting-edge technology, it has set 

Lanka Bell secures 15,000 4G households and businesses

 Lanka Bell, Sri Lanka’s largest fixed wireless operator announced this week that it has achieved the milestone of providing 4th generation internet connectivity (marketed under the BELL4G brand) to 15,000