United States Virginia change
Sri Lanka News Search:
Login
Menu
Stay Connected

Popular Searches
T20 World Cup
Sponsored Links
Sri Lanka Explorer

Business:

Dec 19, 2014 1:18:10 AM - www.ft.lk
Continuing to offer tailor-made products to meet the diverse needs of its customers, Amana Takaful, the only fully-fledged Takaful operator in the country and the flag bearer of the Takaful way of insurance in Sri Lanka, recently introduced the ‘Crystalline’ policy for women. ‘Crystalline’ is an insurance policy which is designed specifically to support the ...
Dec 19, 2014 1:16:36 AM - www.ft.lk
Reuters: Gold climbed 1% to trade above $ 1,200 an ounce on Thursday after the US Federal Reserve said it would take a “patient” approach in deciding when to raise interest rates even as the US economy strengthens. Fed Chair Janet Yellen said the Fed was unlikely to hike rates for “at least a couple ...
Dec 19, 2014 1:15:34 AM - www.ft.lk
Siyapatha Finance Ltd. has decided to exercise the full option of its listed debenture issue which closed yesterday following oversubscription on its official opening. The offer was 5 million rated unsecured subordinated redeemable debentures at Rs. 100 each with an option to issue a further 5 million debentures in the event of an oversubscription of ...
Dec 19, 2014 1:14:04 AM - www.ft.lk
Orient Finance Plc’s Rs. 1 billion debenture issue was closed yesterday following an oversubscription on official opening. The offer was 10 million Rated, Guaranteed, Redeemable, Five (05) year (2014/2019) Debentures at Rs. 100 each. Rated A by Lanka Rating Agency the debentures carry fixed interest (9.05%p.a. payable semi-annually: AER – 9.25%) payable semi-annually. The funds ...
Dec 19, 2014 1:13:51 AM - www.ft.lk
By David Stephens On 17 January 1995, many of those residing in the city of Kobe and several other parts of Japan were still nestled in their beds when one of the worst earthquakes to ever strike the country reduced their neighbourhoods to rubble. The carnage left in the aftermath of the Great Hanshin Awaji ...
Dec 19, 2014 1:12:51 AM - www.ft.lk
The successfully concluded Initial Public Offering of the Arpico Insurance Ltd. has drawn over 500 applications. As per the filing to the Colombo Stock Exchange, the IPO of 6.63 million shares at Rs. 12 each worth Rs. 79.5 million had drawn 507 applications worth Rs. 99.12 million. Demand outstripped offer by 17%. Retail applications with ...
Dec 19, 2014 1:12:21 AM - www.ft.lk
The Finance Company Plc this week received a Rs. 6 billion credit line from the Central Bank as part of a restructuring and revival exercise. The Finance Company Plc, being the first finance company of Sri Lanka, has cultivated a reputation of being a pioneer in not only the finance industry but in many other ...
Dec 19, 2014 1:11:18 AM - www.ft.lk
Liquidity dips to a five week low   The decreasing trend in secondary market bond yields witnessed over the last eight trading sessions came to an halt yesterday, as yields were seen increasing across the yield curve. Selling interest on the four year maturity of 15.08.2018 saw its yields increase to a daily high of 7.15% ...
Dec 19, 2014 1:06:41 AM - www.ft.lk
REUTERS: Asian central bankers are on guard but say they are not overly concerned that the Russian rouble’s collapse will trigger a big sell-off of their own currencies, saying their fundamentals are favourable and their currency defences strong. Currency and stock markets in Asia generally firmed on Wednesday after a two-day sell-off that saw Indonesia’s ...
Dec 19, 2014 1:05:07 AM - www.ft.lk
Double your delight and receive discounts while you shop with your BOC credit or debit card this festive season. Bank of Ceylon, the number one bank in Sri Lanka, has partnered with several merchants to offer attractive discounts. These include Spring and Summer, Kandy Selections, Fashion Bug, CIB/Wijaya Saree Mandiraya, Rich Look Fashions, Bootzz, Style ...
Dec 19, 2014 1:04:30 AM - www.ft.lk
NDB Investment Bank Limited (NDBIB), the premier investment bank in Sri Lanka, acted as managers and financial advisors to the successfully concluded debenture issue of Rs. 2 billion for Lion Brewery (Ceylon) PLC (LION). The issue, which was oversubscribed within an hour of opening, closed on the same day. LION decided to exercise the option ...
Dec 19, 2014 1:04:07 AM - www.ft.lk
Sri Lanka’s life insurance leader Ceylinco Life has announced that the company’s Life Fund exceeded Rs. 60 billion at the end of November 2014, and is a strong indication of the financial strength of the company. Ceylinco Life is the fastest among local life insurers to achieve a Life Fund of Rs. 60 billion, the ...
Dec 19, 2014 1:02:56 AM - www.ft.lk
The Sri Lanka Institute of Marketing (SLIM) has re-launched the Diploma in Strategic Brand Management (DSBM), the first and only branding qualification in the country, with a host of changes aimed at increasing its practical effectiveness and relevance to local industries. The changes have come about as a result of extensive research and surveys conducted ...
Dec 19, 2014 1:01:28 AM - www.ft.lk
Just In Time Group (JIT), along with our principal partner EMC Corporation (EMC2), strives towards bridging the gap between today and tomorrow with the transformed roadmap from hardware to business for the customer, that requires more innovation to support this transformation. To bring this into focus for our valued customers in the BFSI and government ...
Dec 19, 2014 1:01:12 AM - www.ft.lk
Reuters: South Korea’s LG Electronics Inc will launch a new range of high-tech TVs in early 2015, beefing up its line-up while it strives to cut costs that make its prized light-emitting diode (OLED) sets too expensive for most consumers. A spokesman for the world’s No. 2 TV maker after domestic rival Samsung Electronics Co ...
Dec 19, 2014 1:00:58 AM - www.ft.lk
Reuters: Corporate lobbyists, news organisations and academics joined forces with Microsoft Corp on Monday in the software company’s legal battle with the US Government over access to customer data stored overseas. The diverse set of interests filed briefs with a federal appeals court in New York, urging it to reverse a judge’s order that Microsoft ...
Dec 19, 2014 1:00:41 AM - www.ft.lk
Sri Lanka’s largest IT festival kicked off this week and will go on till 24 December at Unity Plaza from 10 a.m. to 8 p.m. Customers will get first-hand experience using cutting-edge products and solutions from leading brands and IT companies including Lenovo, Samsung, Intel, HP, Metropolitan, EZY, Microsoft, Asus, Samson Information Technologies, Elector Cheval ...
Dec 19, 2014 12:59:00 AM - www.ft.lk
LONDON, (Reuters): Britain’s BT has entered into exclusive talks with Orange and Deutsche Telekom to buy EE for 12.5 billion pounds ($ 19.6 billion), opting for the country’s biggest mobile operator over rival suitor, Telefonica’s O2. BT had been in talks with Telefonica and EE’s owners since late November about a deal to buy one ...
Dec 19, 2014 12:58:34 AM - www.ft.lk
ASUS, a leading global consumer notebook brand, has unveiled a range of special promotions for its loyal consumers for the festive season. Consumers purchasing ASUS products this holiday season will be entitled to exciting gifts including branded Swiss knives, wall clocks, umbrellas and t-shirts at any of the brand’s retail outlets across the island. The ...
Dec 19, 2014 12:31:53 AM - www.ft.lk
As the COP20 comes to a close in Peru, France is starting to prepare the COP21 which it will host in 2015. Ambassador of France Jean-Paul Monchau explains the importance of these conferences which are significant milestones in the field of international climate change mitigation.   Q: What was the COP20 and what is the ...
Dec 18, 2014 3:06:58 PM - www.ft.lk
Dec 18, 2014 3:04:48 PM - www.ft.lk
ORDINARY Level exams dominate December. They present the first real hurdle to youth aspirations and failing to make a mark can be felt over a lifetime. Therefore it is imperative these students are helped to become all that they can be. A ten-member committee appointed by Sri Lanka’s Ministry of Education to look into the ...
Dec 18, 2014 3:04:00 PM - www.ft.lk
As part of their continuous thought leadership initiative, the international strategy consultancy MTI, has identified the five most economically pressing strategic questions for the presidential candidates. What really is our competitive advantage as a nation? Which sectors should we focus on given our capabilities and the global opportunities? How can we align our entire ‘educational ...
Dec 18, 2014 3:02:43 PM - www.ft.lk
By Dinesh Weerakkody As we move into the second half of the decade, the future of Sri Lanka’s economic health will largely depend on political stability, technocratic efficiency, return to genuine peace, good governance and continued policy reforms – particularly in the area of fiscal discipline and management. The 30-year conflict and high government expenditure ...
Dec 18, 2014 2:59:45 PM - www.ft.lk
History is being made by Industrial Asphalts (Ceylon) PLC by introducing, for the first time in Sri Lanka, the full range of colour anti-corrosive paints. Up to now anti-corrosive paints were available only in four basic colours. Britex, the protective coatings range from Industrial Asphalts (Ceylon) PLC – IAC – has launched a full range ...
Dec 18, 2014 2:58:57 PM - www.ft.lk
Orange Electric, a member of the Orel Corporation and a company specialising in the manufacture of world class electrical and lighting products, launched “Office Automation 2014” last week, where they showcased some of the next generation high quality products manufactured to international standards as well as top end products of partners which would be distributed ...
Dec 18, 2014 2:57:50 PM - www.ft.lk
Lamudi.lk hosted its first annual Real Estate Market Conference at the BMICH banquet hall on, 11 December. Gathered together were experts from across the field of real estate, including valuation experts, agents, developers and researchers. The speakers at the conference included RIU Managing Director Roshan Madawela, Senior Lecturer in Real Estate at the University of ...
Dec 18, 2014 2:56:47 PM - www.ft.lk
By Dharisha Bastians in Kuliyapitiya Presidential Candidate and incumbent Mahinda Rajapaksa addressed a massive rally in the North Western city of Kuliyapitiya on Wednesday, urging the massive crowds in attendance to give him a third term in office to ensure political stability and continued development. “We cannot allow Sri Lanka to be destablised by religious ...
Dec 18, 2014 2:54:29 PM - www.ft.lk
A protest was staged outside the Department of Elections in Rajagiriya yesterday over the failure by the Elections Commissioner to take actions against elections violations. The protest by opposition members and supporters, called on Elections Commissioner Mahinda Deshapriya to ensure a free and fair presidential election. Former Minister and Jathika Hela Urumaya (JHU) General Secretary ...
Dec 18, 2014 2:52:11 PM - www.ft.lk
REUTERS: The Federal Reserve on Wednesday offered a strong signal that it was on track to raise interest rates sometime next year, altering a pledge to keep rates near zero for a “considerable time” in a show of confidence in the US economy. Closing out a two-day meeting against a backdrop of solid domestic growth ...
1 2