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The Securities and Exchange Commission of Sri Lanka (SEC) conducts many financial literacy programs targeting school children aimed at enhancing their knowledge on the capital market. This year the SEC conducted a television quiz program with the participation of Sinhala medium Advanced Level Commerce students at a Provincial level. The finals of the television quiz ...
The Silvas are at it again. A week dominated by news of political brats on the rampage once more, this time directing their rage at an Army Major, ended with the soldier recanting his story and the two main suspects in remand being transferred to prison hospital on “medical” advice. The whole incident smacked of ...
It is with great sacrifices that Sri Lanka brought about a victory against ruthless terrorism, which is certainly a feather in the cap of Rajapaksa family. No one can dispute the fact that President Rajapaksa provided the political leadership and ensured that the LTTE was decimated at any cost. The Tamil diaspora and the pro-separatist ...
The place isn’t a paradise for minorities but the economy is recovering By Sam Baker Asuasentinel.com: The Government of Mahinda Rajapaksa in Sri Lanka has probably botched its dealings with the United States, the European Union and the United Nations. Still, the disenchantment with Colombo may be overblown three years after the end of the ...
The global escalation of commodity prices in the latter part of last decade impacted Sri Lanka’s rice market, with retail prices showing sharp increases for the consumer. The regulatory forces with a ceiling on consumer prices and guaranteed price for paddy did alleviate this problem to some extent. Today it has taken a different turn ...
On Friday (7) afternoon, the eve of provincial council elections in three provinces, a certain gathering took place at 101, Rosmead Place, which houses the corporate offices of Democratic National Alliance (DNA) National List Parliamentarian, Tiran Alles. Consultations that lasted for hours, took place between Alles and UNP Deputy Leader Sajith Premadasa and a few ...
10-day rally checkmated by profit taking on Rs. 2 b turnover; buying returns at tail-end Retailers, who staged a dramatic bull run in recent weeks, propelling indices to rise by over 10%, yesterday took what one broker described as a “well-deserved breather” as profit taking ruled the Colombo Bourse. The ASI after a momentary rise ...
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.
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 ...
Marketing Director of Pan Audio Private Limited and Director of Pan Care Pvt. Limited, G. S. Sylvester has been selected as team leader for the Group Study Exchange, an international programme exchange for young professionals organized by The Rotary Foundation of Rotary International.
Securities and Exchange Commission of Sri Lanka (SEC) in its first-ever statement following the appointme4nt of Dr. Nalaka Godahewa emphasized that it had not initiated any new investigations as alleged.
24th August 2012 Dr. P. B. Jayasundera, Secretary to the Treasury, Ministry of Finance & Planning The Secretariat, Colombo 1. Dear Dr. Jayasundera, Establishment of a Financial Services Authority and a Banking and Finance Commission I suggest for your consideration that you duly evaluate the long-term national economic benefits of enhancing effective fiscal management capability ...
A historic battle took place in the Kande Uda Rata Rajadhaniya, in the course of one of the many invasions by the Western colonial powers who once occupied what was known as the Maritime Provinces of Lanka, at the site of the ford at Wagolla village, a crossing point of the Mahaweli river on one ...
James Alix Michel President of Seychelles accompanied by Minister of Foreign Affairs Jean Paul Adam, Minister of Fisheries andamp; Aquatic Resources Development Dr. Rajitha Senaratne and a host of other dignitaries both from the Seychelles and Sri Lankan Ministry of External Affairs visited Colombo Dockyard on 21 August 2012.
Stamp Talk by the Philatelist “From the beginning, Sri Lanka’s destiny has been intertwined with India’s. Together they broke away from the ancient super-continent of Gondwanaland 120 million years or so ago, and crammed full of all manner of life, rather like Noah’s Ark, voyaged northwards across the Tethys Sea, eventually joining up with Eurasia ...
Global Media Networks Ltd. (GMNet) has unveiled a Colombo Stock Exchange-based free game simulator VstoX Colombo Virtual Exchange (www.vstox.com) with a view of introducing a virtual simulation to investors on the Colombo Bourse’s activities for the first time in Sri Lanka. VstoX integrates the real life order placement system, commonly known as ATS (Automated Trading ...
Nearly 50 stocks had gained by over 10% in the past month Three solid stocks gives over 23% year-to-date return against near 20% dip of the market If the general investing and savings public believes the Colombo Stock Exchange isn’t attractive, then nearly 50 stocks are likely to prove this incorrect, especially given their performance ...
Shares thoughts on sustainability in volatility and the way forward The Guest of Honour, Dato’ Charon, President and Members of the Professional Bankers’ Association, my dear friends, first of all, let me thank the Association of Professional Bankers for inviting me this evening to your 24th Convention and giving me the opportunity to share a ...
Former Ceylon Chamber of Commerce head and top Sri Lankan business leader, has called on Parliamentandrsquo;s Committee on Public Enterprises (COPE) to take effective action and empower the countryandrsquo;s capital market watchdog andmdash; Securities and Exchange Commission of Sri Lanka.
Following is the text of the letter written by good governance activist Chandra Jayaratne to Chairman of the Committee on Public Enterprises (COPE) D.E.W. Gunasekera with regard to the Securities and Exchange Commission and capital markets. 14th August 2012. Hon. D.E.W. Gunasekera M.P. Chairman, COPE, Parliamentary Complex, Sri Jayawardhanapura, Kotte. Dear Sir, The priority ...
The online visa approval system introduced at the beginning of this year has brought in record revenue to the government to the tune of billions of rupees, the government has said. In the first seven months of the year the government has earned over Rs. 1.2 billion through the on line visa approval system, the ...
UNP MP Karu Jayasuriya yesterday exposed various ills of the Government, its ulterior motives in going for Provincial Council elections as well the failure to restore law and order in the country. “The attempt of the Government has come to light, to win the forthcoming Provincial Council Election by whatever means and to show that ...
Ever since the first aircraft was conceptualised by Leonardo Da Vinci, the dream of flight is still continuously evolving. The latest aircraft is known as the dream liner Boeing 787. There has been no end to the technological advances in aviation. The global aviation industry has since been enlarged into a multibillion dollar business and ...
Family members of six Sri Lankan sailors who are still being held hostage aboard the MV Albedo launched a nationwide appeal on Monday in a bid to raise enough money to free their loved ones as the Government has made no attempt to assist them. The sailors are among 15 crew still being held captive ...
“Did you really have to tell the whole world you were in a bad mood?” Kuraishini Navaratne, a friend, e-mailed from Turkey. “It’s the Olympics, man, cheer up!” she admonished. Can the Olympics cheer me up? Tuned into the games to find out. Watching Queenie jump off a helicopter was too much to handle but ...
Presently Sri Lankan software has been exported to regions such as North America, EU, Australasia and East Asia. With the recent global financial slow down, most of the matured software markets are not as vibrant as earlier for the software products and services. Considering this fact, EDB has identified developing regions of the world as ...
A special seminar on international education and global careers in finance has been jointly organised by Northwood University (USA) and ANC. Guest speakers from education and industry will introduce both O/Level ad A/Level students and their parents on how to best prepare for top jobs in finance. Seminar details are as follow: It’s all about ...
Impending discussion bolsters investor sentiment as Bourse value gains by Rs. 27 b; some link it to sovereign bond success The Colombo Bourse yesterday staged a mini rally sentiment wise in anticipation of a positive meeting between President and Finance Minister Mahinda Rajapaksa and capital market stakeholders today. The market’s value rose by Rs. 27 ...
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 ...
In what is bound to be a development welcomed with garlands by many stockbrokers and investors, the Securities and Exchange Commission of Sri Lanka (SEC) yesterday (16 July) announced its decision to allow stockbrokers more flexibility in managing their credit.