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Acuity Stockbrokers Ltd. on Wednesday sent a strong message that it is time investors grabbed early opportunities to invest in equities based on attractive valuations as the “Lion” is leading frontier markets. Its latest research report on the Lankan economy and equity market was launched via a forum involving an expert panel and its clients. ...
Industry experts urge disillusioned local investors to ‘buy when it’s down and sell when it’s up’ In a highly volatile atmosphere and with low investor confidence in the Colombo Bourse, experts earlier this week went against the negative sentiments and instead stated that now is the time to buy. These views were aired at a ...
The relatively low rate under which the $ 1 billion 10-year sovereign bond issue was concluded is largely due to overall low yields in global markets and not necessarily because of claimed improvement in Sri Lanka’s fundamentals or the economy, independent analysts told the Daily FT yesterday
Sri Lanka’s $ 1 billion10-year sovereign bond launched on Tuesday saw strong demand, being oversubscribed by more than 10 times before the order book was closed, Reuters said, quoting unnamed sources close to the deal. “As of now it has been oversubscribed by more than 10 times and we see strong demand for the ...
Gaining effective control in Browns and Moody’s linked unit’s A- rating are positive developments say analysts Further improvements likely as LOLC progresses towards diversified holding company milestone LOLC last week effected what could be estimated as Rs. 7 billion mark topping acquisition since January 2010 as part of properly repositioning it as a diversified holding ...
Over the last few years, social media has created many industries, offered an abundance of visual and audio entertainment, and changed the face of technology. But has this change actually changed us, or the world we live in? Sharing expert views on social media and its exponential growth in Sri Lanka, Etisalat Lanka Senior Manager Marketing Gamika ...
Last week in Parliament, Opposition Leader Ranil Wickremesinghe singled out Daily FT in his usual criticism on newspapers. Among various allegations made by Wickremesinghe was that the FT is one of the papers which is in the pay of the so-called “stock market mafia” and the Central Bank
Several young politicians and professionals will next week share their key insights to positioning Sri Lanka in the global economy at a platform convened by the premier private sector lobby Ceylon Chamber of Commerce. The young leaders will include MP Vasantha Senanayake, MP (Dr.) Harsha De Silva, MP Bimal Ratnayake, MP Sunil Handunnetti, MP M.A. ...
Sri Lanka CEO Nick Nicalaou dismisses exit rumours; says local operations robust and post-war future in the country looks very promising World’s local bank celebrates 120 years of excellence in Sri Lanka on 1 July, invests $ 7 m for major upgrade of Head Office in Fort By Nisthar Cassim HSBC, which is ...
In a major breakthrough in financial services industry, New World Securities Ltd. has succeeded in attracting over Rs. 2 billion worth of Japanese investments so far in to Government bonds with more on the cards. “We have successfully drawn around Japanese Yen 1.2 billion (over $ 15 million in face value) funds into Government securities ...
We write to draw your attention to the news item under the heading of ‘Team sprit among MBA students at the University of Peradeniya’ with two pictures in the Daily FT on 22 June using the name an ‘Outward-Bound’ in the context of the Training Program organised
of the EPF which is “a large investor in Sri Lankan banking stocks.” The Daily FT yesterday ...
S&P Sri Lanka 20 index goes live joining a base of indices globally with an exposure of over $ 1.45 trillion CSE Chief says credible, transparent index will have a positive impact The battered Colombo stock market yesterday got a fresh boost with world renowned S&P launching a dedicated index in partnership with the CSE. ...
By Marianne David MP and consultant economist Dr. Harsha De Silva yesterday alleged that THE UNP’s criticism over the mismanagement of the economy and the Central Bank as well as the EPF’s investments in banking stocks have been emphatically validated by global rating agency Standard and Poor’s.“Standard and Poor’s reiterated what we have been saying ...
Carmart Ltd. yesterday said in a statement as well via an advertisement that it would continue to be distributor for Mazda vehicles and spare parts in Sri Lanka and the Maldives. The company was responding to a Daily FT article on Monday which quoted Colonial Motors Plc (via a filing to the Colombo
Market’s value up Rs. 23 b, ASI back again in 5,000-points level The Colombo stock market produced a confident rebound yesterday driven by high net worth investors as well as institutions picking up low valued opportunities. The market’s value rose by Rs. 23 billion, slightly lower than Friday’s gain of Rs. 26 billion. The rise ...
Popular Indian playback singer Udit Narayan arrived in Colombo yesterday along with a troupe of dancers, singers and musicians and is scheduled to make his first live public performance in Colombo tonight at the CH&FC grounds from 7p.m. Speaking to the media at a briefing held at the Taj Samudra Colombo yesterday, the Bollywood star ...
By Cheranka Mendis With the rising frequency of knee pains in almost all populations, partial and full knee replacement surgery is becoming increasingly popular in the region. This is how the surgery is done, shows Gleneagles Medical Centre Medical Director and Consultant Orthopaedic Surgeon Dr. Lim Lian Arn – Pic by Upul Abayasekara Gleneagles Medical ...
Request meeting with Treasury Secy; say industry in vicious cycle; want relief from regulations By Uditha Jayasinghe Alarm bells are ringing for Sri Lanka’s vehicle importers after numbers plummeted by 20.8 per cent in April, motivating the industry to demand talks with the Government, an industry official said yesterday. Ceylon Motor Traders Association Chairman Thilak ...
to the Editor of the Daily FT. Yesterday’s column stated ...
Nawaloka Hospitals has come forward as the official cardiac partner of ‘Arogya 2012’ International Healthcare Exhibition to be held from 17 to 19 August 2012 at the BMICH, Colombo. Nawaloka Hospitals being one of the foremost private sector hospitals in the country will display its strength in the ‘cardiac sector’ at ‘Arogya 2012’. Nawaloka Hospitals ...
By Cheranka Mendis Known as a silent disease, the risks for liver diseases within the region is under the threat of increasing if people do not go for early screening and adopt preventive methods at an early stage. Gleneagles Hospital Gastroenterologist Dr. Vincent Lai, in Sri Lanka to attend a lifestyle seminar on ‘What you ...
The NSB/TFC deal and the General Recent events in Sri Lanka have reconfirmed that though seemingly power may be unlimited, there are in reality constraints which limit the options those in power have. As proof of this fundamental reality, the first event is the purchase by the National Savings Bank (NSB), a State-owned entity, whose ...
Bank of Ceylon’s supremacy in Sri Lanka is well known but recently the bankers to the nation proved its true mettle with landmark success for its ground breaking $ 500 million five year bond issue. The issue is a trailblazer for several reasons. It was the first global bond issue by a Sri Lankan corporate. ...
The Central Bank yesterday denied the Reuters report (also published in the Daily FT yesterday) which said the target of the rupee had been shifted to Rs. 132 levels from the previous Rs. 125. Despite Central Bank denial, Reuters didn’t re-file a corrected story which it usually
The Securities and Exchange Commission of Sri Lanka (SEC) writes in response to the article published in Daily FT on Monday 28 May 2012 under the caption ‘Cracks in SEC?’ The article has stated that the Chairman has written to the Ministry of Finance that the Senior Commission
Further to the clarification issued by the Central Bank of Sri Lanka regarding the controversial The Finance Company (TFC), I would like to congratulate the President Mahinda Rajapaksa for rescuing its depositors. We know that it was President Rajapaksa who as Minister of Finance intervened to help hapless depositors of TFC and ordered the CBSL ...
Sri Lanka Tourism Promotion Bureau MD post is a permanent position and comes under scheme of recruitment approved by Treasury Rumy Jauffer hired on one-year contract sans an application or a CV Not marking attendance, unlimited use of fuel among flags-off in Auditor General’s Department query A host of queries by the Auditor General’s Department ...
Chairman writes for removal of Commissioner P. Jayawardena who failed to attend three consecutive meetings; Strained ties the cause, say insidersSome cracks have appeared within the Securities and Exchange Commission (SEC), just less than six months under new Chairman Tilak Karunaratne. The Chairman has written to the Finance Ministry that senior Commissioner P. Jayawardena must ...
By Deepal V Perera The volatile exchange rate environment since this year has dealt a fresh crisis for illegal money changers, though the positive outcome is that more transactions taking place officially. “The illegal money changers are now finding a crisis situation to match the daily changing rates, therefore forcing many to change their foreign ...