Sri Lanka hits back at the US sponsored resolution

Sri Lanka hits back at the US sponsored resolution Sri Lanka today hit back at the report...

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CSE gets an opening Bell from Bansei Securities of Japan

CSE gets an opening Bell from Bansei Securities of Japan Bansei Securities of Japan has gifted the Colombo...

 

An Air Algerie plane has crashed – THIRD AIR DISASTER DURING A WEEK’S TIME »

An Air Algerie plane has crashed – THIRD AIR DISASTER DURING A WEEK’S TIME

An Air Algerie plane has crashed while on its way to Algiers from Burkina Faso, a media report said. 110 passengers has been on-board in the...

Jul 24 2014 / Comments (0) / Read More »

Sri Lanka’s DFCC to raise Rs. 5 billion via a debt sale »

Sri Lanka’s DFCC to raise Rs. 5 billion via a debt sale

Sri Lanka’s DFCC Bank is planning to raise up to Rs. 5 billion via a debt issue, a stock market disclosure announced. Initially, the firm is...

Jul 24 2014 / Comments (0) / Read More »

Malaysian Airlines face double blow as terrorist shot down its MH17 »

Malaysian Airlines face double blow as terrorist shot down its MH17

Malaysia Airlines, which had been struggling financially before the MH370 disappearance, now faces the even tougher task of dealing with the second loss of a...

Jul 24 2014 / Comments (0) / Read More »

Sri Lanka’s PCH Holdings to dispose its ‘Carbon’ unit »

Sri Lanka’s PCH Holdings to dispose its ‘Carbon’ unit

Sri Lanka’s PCH Holdings has decided to sell its 100-pct stake in Beico Link Carbon (Pvt) limited for a sum of Rs. 180 million for...

Jul 24 2014 / Comments (0) / Read More »

IFC executive in Commercial Bank Board »

IFC executive in Commercial Bank Board

Sri Lanka’s Commercial Bank has appointed Hakan John Wilson, a senior executive of the International Finance Corporation, a unit of the World Bank Group, as...

Jul 24 2014 / Comments (0) / Read More »

Sri Lanka’s Lee Hedges plans Rs. 72 mn worth CSR projects in the North »

Sri Lanka’s Lee Hedges plans Rs. 72 mn worth CSR projects in the North

Sri Lanka’s Lee Hedges PLC is planning to set up a Apparel Training Centre in Jaffna and cultivate Red Lady, Papaya and Cavendish bananas in...

Jul 24 2014 / Comments (0) / Read More »

Sri Lanka drops Chandimal, brings in Tharanga »

Sri Lanka drops Chandimal, brings in Tharanga

Sri Lankan selectors have dropped Wicket Keeper / batsman Dinesh Chandimal from the team named to take on the South Africans in the first two...

Jul 24 2014 / Comments (0) / Read More »

Colombo Stock Exchange heading New York to attract investors »

Colombo Stock Exchange heading New York to attract investors

Sri Lanka’s Colombo Stock Exchange is planning to hold a forum in New York during the month of September in a bid to attract debt...

Jul 24 2014 / Comments (0) / Read More »

Sri Lanka’s BOC Chairman appointed to the Sunshine Holdings Board »

Sri Lanka’s BOC Chairman appointed to the Sunshine Holdings Board

Sri Lanka’s Sunshine Holdings has appointed the Chairman of the state run Bank of Ceylon Air Chief Marshal (Rtd.) Harsha Abeywickrama as a director of...

Jul 24 2014 / Comments (0) / Read More »

Sri Lanka’s state run HDFC shifts its rating activities from ‘Fitch’ to ‘Lanka Ratings’ »

Sri Lanka’s state run HDFC shifts its rating activities from ‘Fitch’ to ‘Lanka Ratings’

Sri Lanka’s HDFC announced that it has chosen Lanka Ratings, which was formerly known as RAM ratings as its Credit Rating Agency by shifting from Fitch Ratings,...

Jul 24 2014 / Comments (0) / Read More »

Interviews

“Every traveler, explorer and holiday maker has to come to Sri Lanka” – Ian Botham

“Every traveler, explorer and holiday maker has to come to Sri Lanka” – Ian Botham

Legendary English Cricketer Ian Botham who successfully concluded a 160 mile ‘Charity Walk’ in Sri Lanka says the exercise has been a tremendously hard challenge for him and his walkers’. However Botham says the support he received from the local public has been ‘fantastic during his...

Jul 24, 2014 / More »

Economic Outlook

Sri Lanka’s latest US$ 500 mn bond issue rated at  ‘BB-(EXP)’ by Fitch

Sri Lanka’s latest US$ 500 mn bond issue rated at ‘BB-(EXP)’ by Fitch

Sri Lanka’s forthcoming US$ 500 million global bonds due 2019 has been given an expected rating of ‘BB-(EXP)’, by Fitch Ratings. Fitch says, the expected rating is in line with Sri Lanka’s current Long-Term Foreign Currency Issuer Default Rating (IDR)...

Jul 24, 2014 / More »

In Depth

Land change in Sri Lanka as famous tea loses out to vegetables

Land change in Sri Lanka as famous tea loses out to vegetables

By Cathy Watson In the highlands of Nuwara Eliya, tea country since 1840, swathes of the perennial crop are being uprooted. On steep slopes and tea terraces, farmers are increasingly growing potatoes, leeks, carrots and other temperate vegetables. Sri Lanka’s per capita income of $2910 and lower...

Jul 24, 2014 / More »

Executive Focus

E-commerce: New Driving Force of China’s Economy?

E-commerce: New Driving Force of China’s Economy?

November 11 or Singles Day is a relatively modern celebration of being single in China. It didn’t use to be a major event. But Chinese online retailer Alibaba has changed all that in 2009. That’s when the company started introducing a variety of special offers available only on...

Jul 24, 2014 / More »

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BOC to gift a life-skill hand book to women on the women`s day
Nigerian cricketers arrive in Sri Lanka
Katrina and Ranbir to holiday in Sri Lanka
BOC rewards Senior Citizens
Sri Lankan junior cricketers fly to UAE to take part in the U19 World Cup
CATHAY PACIFIC to start a new freighter service to Mexico city
Sri Lanka marks the 66th Independence day
ADB officials inspects Colombo port expansion work
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