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...

 

Paul Farbrace likely to cut short his Sri Lanka stint »

Paul Farbrace likely to cut short his Sri Lanka stint

Sri Lanka Cricket is facing a crisis over its newly appointed national coach Paul Fabrace, as the English Cricket Board has decided to recruit him...

Apr 19 2014 / Comments (0) / Read More »

South Korea arrests the captain of the Ship that capsized »

South Korea arrests the captain of the Ship that capsized

South Korea has arrested the captain of the ship that has capsized resulting in nearly 300 persons gone missing or dead, for negligence. The arrest has...

Apr 19 2014 / Comments (0) / Read More »

Former Maldivian President Gayoom in Sri Lanka »

Former Maldivian President Gayoom in Sri Lanka

Former Maldivian President Maumoon Abdul Gayoom is currently in Sri Lanka, announced the Island’s External Affairs Ministry. Gayoom is in the Island nation to take part...

Apr 19 2014 / Comments (0) / Read More »

An IPL sans World T20 champions »

An IPL sans World T20 champions

The latest  IPL edition just commenced last night with a game between Mumbai Indians and Kolkata Knight Riders in Abu-Dhabi. The first phase of the tournament...

Apr 19 2014 / Comments (0) / Read More »

Sri Lanka’s Richard Pieris on a Rs. 3.5 bn debt sale »

Sri Lanka’s Richard Pieris on a Rs. 3.5 bn debt sale

Sri Lanka’s Richard Pieris and Company PLC will sell up to 35 million debentures, each priced at Rs. 100 to raise up to Rs. 3.5...

Apr 19 2014 / Comments (0) / Read More »

Sri Lanka to set up a chemical plant to cater to the garment industry »

Sri Lanka to set up a chemical plant to cater to the garment industry

Sri Lanka’s S&D Chemicals will invest US$ 3 million to set up a plant to manufacture the full range of chemicals required by the local...

Apr 19 2014 / Comments (0) / Read More »

Sri Lankans celebrate the Sinhala and Tamil New Year »

Sri Lankans celebrate the Sinhala and Tamil New Year

Millions of Sri Lankans are getting ready to celebrate the Sinhala and Tamil New Year on Monday, the 14th of April. Sinhala New year begins when...

Apr 19 2014 / Comments (0) / Read More »

Sri Lanka heading to London to attract Debt and Equity investors »

Sri Lanka heading to London to attract Debt and Equity investors

Sri Lanka will hold an investor forum in London on the 30th of May to promote the Island’s Debt and Equity market to investors in...

Apr 19 2014 / Comments (0) / Read More »

Sri Lanka intensifies campaign to crush the attempted re-emergence of the LTTE »

Sri Lanka intensifies campaign to crush the attempted re-emergence of the LTTE

Sri Lankan security forces on Friday has killed three LTTE leaders, who have been trying to revive the LTTE, the Military announced. Among the three LTTE...

Apr 19 2014 / Comments (0) / Read More »

Sri Lanka’s NDB divests its shares in Maldivian based finance firm »

Sri Lanka’s NDB divests its shares in Maldivian based finance firm

Sri Lanka’s NDB has divested a 35-pct stake it held in the Maldives Finance Leasing Company (Private) Limited for a sum of US$ 1.1 million. The...

Apr 19 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...

Apr 19, 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)...

Apr 19, 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...

Apr 19, 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...

Apr 19, 2014 / More »

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