@2022 - All Right Reserved. Designed and Developed by Rev-Creations, Inc
3792 results found in 1797 ms
Page 7 of 127
It is unfortunate that today many impressions of Sri Lanka in foreign countries are based on unverified facts, and wrong or deliberately manipulated disinformation, carried out by those who once supported the forces of terror. These same elements continue to sow the seeds of division and separatism through various media, and also influence politicians in ...
Sept 11: The trend among European banks to make their subsidiaries self-funding is likely to continue, Fitch Ratings says. Potential banking union with a single regulator for all eurozone banks may, over time, make the argument for reducing cross-border funding less compelling within the eurozone. However, the drive by regulators towards less complex business models ...
CIC Holdings Plc has introduced the ‘CIC Wonder Bulb,’ a CFL bulb that also works as an air sanitiser, purifier and deodoriser. Based on the same mechanics as the phenomenon of photo catalysis which occurs in plants, the bulb uses the emitting light to purify the surrounding atmosphere and is an environmentally friendly way to ...
Corporate earnings of entities listed on the Colombo Stock Exchange have contracted in the second quarter of 2012, says a research report released recently by Lanka Securities Research.
By Maheshi Perera The Central Bank has launched the fourth issue of Sri Lanka Development Bonds (SLDBs), aimed at raising $ 60 million by 24 September. The fresh SLDB’s tenure is three years and will be offered at a rate of US Dollar six month LIBOR plus a margin to be determined through competitive bidding ...
After a 17-month negative run, the active Milanka Index yesterday turned positive making a nostalgic day for investors as the rebound in the Colombo Bourse gathered further momentum. MPI was last positive on 1 March 2011 with a 0.50% gain but was negative since. It finished 2011 with 26% dip whilst by mid-June this year ...
Most senior officialwith 28 years of marketexperience Dhammika Perera appointed Deputy Director with oversight on surveillance, supervision and investigations Acting DG Dissabandara to concentrate on capital market development First stakeholder consultation fixed withbrokers on Friday The Securities and Exchange Commission (SEC) under new Chairman Dr. Nalaka Godahewa has affected the first i...
Madurai: The Tamil Nadu Chamber of Commerce and Industry (TNCCI) in Madurai has urged the Indian government to check the attack on visiting Sri Lankan pilgrims since the travel advisory issued by Sri Lanka will seriously affect the tourism and trade to the state. The TNCCI in a statement pointed out that India-Sri Lanka trade ...
Secretary-General of the Commonwealth Kamalesh Sharma yesterday called on Minister of External Affairs Professor G.L Peiris. The Secretary-General is in Sri Lanka to attend the 58th Commonwealth Parliamentary Conference currently being held in Colombo. The Secretary-General discussed with Minister Peiris the arrangements for the Commonwealth Heads of Government meeting which will be held in Sri .....
TEHRAN (FNA): Sri Lankan officials are concerned that the output of the Arabian Light crude used by the country after oil sanctions against Tehran to produce different oil products cannot be compared to the output of the Iranian Light, saying they are wary of the great loss they have sustained due to the replacement. Sri ...
Reuters: Saudi Arabia is concerned about high oil prices and will take steps to moderate them, its oil minister said, in a statement that some in the oil market read as a signal to consumer nations that there is no need to release emergency oil reserves. “Saudi Arabia is concerned about rising oil prices in ...
WASHINGTON (Reuters): Obama administration officials told energy experts this week they worry a release of crude from U.S. emergency reserves would do little to temper global oil prices partly driven by tighter supplies of refined fuel like gasoline. At an informal consultation on Thursday, mid-level officials from the National Security Council, the Department of Energy ...
The third edition of Richlist, the book about the richest and most successful business people in Sri Lanka, has been launched after a hiatus of four years. The book contains short descriptions of each of the people and companies in the book. Important world and Sri Lanka economic data are interspersed throughout the book. The ...
A Memorandum of Understanding (MOU) was entered into between the Ministry of Health and the National Health Development Fund on behalf of the Government of the Democratic Socialist Republic of Sri Lanka (GOSL) and the Trustees of the Foundation Supporting a National Trauma Service in Sri Lanka, Victoria, Australia (Project BEAP), which is a charitable ...
LONDON (Reuters): Copper hit a four-month high on Monday as hopes for more policy easing in the United States prevailed and as weak copper and other commodity imports in China, coupled with weak factory activity, reinforced prospects for more stimulus measures there. Chinese data showed copper imports in August fell 2.9% from July due to ...
HNB again joined hands with DIMO to offer leasing facilities for construction machinery and equipment recently. The objective of this agreement is to facilitate all small, medium and large scale contractors to use financial options enabling them to procure their equipment needs such as hydraulic excavators, bulldozers, motor graders, wheel loaders, concrete mixer trucks, pumps ...
The first Prime Minister of independent India, Pandit Jawaharlal Nehru, wrote 75 years ago: “It would be absurd to say that the profit motive does not appeal to the average Indian, but it is nevertheless true that there is no such admiration for it in India as there is in the west. The possessor of ...
Around 1,000 delegates in town for Commonwealth Parliamentary Conference and connected activities this week The entire Common-wealth is literally here as Sri Lanka plays host to the grouping’s annual gathering of Parliamentarians – this week, giving the country an excellent opportunity to be assessed firsthand as well as lift its profile globally. The 58th Annual ...
Says foreigners likely to flood capital markets Sri Lanka’s prospects of real economic growth for 2012E appear to be ahead of regional peer economies as well as that of world’s advanced nations, according to Asia Wealth Management. It said latest projections made by IMF indicate Sri Lanka’s expected growth of 6.75% for 2012E is considerably ...
Last week’s volume of shares traded at 737 m, higher than the individual monthly figures since February 2012. In a major comeback, the Colombo stock market last week shot up by 6% and in value terms by Rs. 121 billion, purely driven by improved sentiments and return of retailers on the back of expectations of ...
The Vehicle Importers’ Association of Lanka is sending a 30-member delegation led by its President Sampath Merenchige to Myanmar on business and investment promotion from 10-16 September 2012. The main purpose of this visit is to find new markets for the sale of vehicles in Myanmar as vehicle sales in Sri Lanka have dropped drastically. ...
South Africa, Sri Lanka’s leading trade partner in Sub-Saharan Africa and the third most competitive economy in the $ 13.7 trillion BRICS grouping, is making an unprecedented investment foray into resurgent Sri Lanka with no less than a $ 122 m initial investment –and is scheduling yet another strong business delegation to Sri Lanka next. ...
Emirates contributed $1.15 b as Foreign Exchange Earnings to the economy Emirates operations support 72,323 jobs in India Expansion of an efficient civil aviation sector is important for India as it becomes increasingly linked to global commerce and tourism. The National Council of Applied Economic Research (NCAER) undertook a study on the economic impact of ...
General outlook Global container freight volumes have continued to contract year over year. Container volumes shipped worldwide in June totalled 9,940,800 TEUs, a decline of 5.5% compared to May and 1.75% year over year. The world’s largest exporting region Asia, totalled 3,314,700 TEUs in June, which is less 5% from May and 1.5% year over ...
Reuters: China’s largest e-commerce firm, Alibaba Group, expects to sell merchandise this year worth more than that sold by Amazon Inc and eBay combined, Alibaba’s Chief Strategy Officer said on Saturday. The company is aiming for three trillion yuan in annual transaction value from its Taobao e-commerce units in the next five to seven years, ...
John Keells Holdings PLC (JKH), Ceylon Tobacco Company (CTC) and HSBC came together for the ‘Fast Track 15’ Internship Programme for the second year. This programme provides an opportunity for 15 Sri Lankan citizens studying in local and foreign universities to be engaged in a six-week internship programme during their summer break. The internship programme ...
The HSBC Youth Enterprise Awards (YEA) 2012 presented by the British Council was held at the Hilton Colombo amidst distinguished guests including Dr Sunil Nawaratne, Secretary, Higher Education Sri Lanka, Tony Reilly, Country Director British Council and Nick Nicolaou, Chief Executive Officer HSBC Sri Lanka and Maldives. Having been assessed through multiple rounds of workshops ...
A salutary reader interest on share market regulation A reader of the previous week’s My View titled ‘SEC: Not a mere watchdog, but a bloodhound mandated to bite’ has raised an important issue with this writer. He has asked the question why it is necessary to have a regulator to police the financial markets and ...
MADURAI: Even as the attack on Sri Lankan tourists in Thanjavur two days back came in for widespread condemnation, a group of cadres of Naam Tamilar Katchi staged a protest in front of a private hotel in Madurai on Thursday alleging that Sri Lankans were employed there in large numbers. The protestors also attempted to ...
Stocks extended gains for a ninth straight session on Friday, jumping 2% to a five-month high helped by blue chips and foreign buying. The Colombo Stock Exchange’s main index gained 2%, or 107.93 points, to 5,496.85, its highest close since 4 April. “Everybody is chipping in. Everybody is participating in the run and it’s mainly ...