NEWS360.lk | News on your desk….

Fitch’s “Outlook” for the majority of Sri Lankan banks is Stable, »

Fitch Ratings Lanka says, that its Outlook for the majority of the Sri Lankan banks is stable. This is underpinned by the improved earnings prospects for...

Jan 27 2012 / Comments (0) / Read More »

Channa Palansuriya, new deputy Chairman of Sampath Bank »

(News360.lk) Sri Lanka’s Sampath Bank PLC has appointed Channa Palansuriya as its Deputy Chairman with immediate effect. The Bank’s Board of Directors has made this decision...

Jan 27 2012 / Comments (0) / Read More »

Sri Lankan power firm commences operations of a mini-hydro plant »

Sri Lanka’s listed Vallibel Power Erathna PLC has started commercial operations of a another mini hydro-power plant. The company says, it completed the construction work of...

Jan 27 2012 / Comment (1) / Read More »

Watawala Plantations to sell its marketing arm »

Watawala Plantations PLC has decided to dispose its subsidiary Watawala Marketing Limited for a sum of Rs. 741.5 million. According to a stock market filing, the...

Jan 27 2012 / Comments (0) / Read More »

Colombo Stock Exchange makes gains on Thursday »

Sri Lanka’s Colombo Stock Exchange saw making gains for the second consecutive day with the ASPI moving 0.65% to end the day at 5,592 points. Milanka...

Jan 26 2012 / Comments (0) / Read More »

Sri Lanka’s Aitken Spence has sold the port terminal stake to the Chinese firm »

Sri Lanka’s Aitken Spence PLC has finalized the selling of the 30% stake it held in the consortium formed to build a new terminal in...

Jan 26 2012 / Comments (0) / Read More »

Sri Lanka to host the ICC T20 world cup in September »

Sri Lanka will host the ICC T20 world cup during the months of September and October this year, with the participation of 12 countries. Already, the...

Jan 26 2012 / Comments (0) / Read More »

Sri Lanka’s United Motors Lanka’s net profit rise by 71% »

United Motors Lanka PLC’s has recorded a net profit of Rs. 623 million during the 3rd quarter of the financial year 2012, a year on...

Jan 26 2012 / Comments (0) / Read More »

Select stocks which will gain or preserve value during troubled times – Jafferjee »

(News360.lk) A Sri Lankan stock broker advise investors to select stocks which will hold or preserve their value as the Colombo Stock Exchange continues with...

Jan 26 2012 / Comments (0) / Read More »

Fitch Affirms Vallibel Finance at ‘BB-(lka)’/Stable »

(News360.lk) Fitch Ratings Lanka has affirmed the Vallibel Finance PLC’s National Long-Term rating at ‘BB-(lka)’. The Outlook of the firm is Stable. Fitch says Vallibel Finance’s rating...

Jan 25 2012 / Comments (0) / Read More »

Sri Lanka’s Aitken Spence has sold the port terminal stake to the Chinese firm »

Sri Lankan firm launches a domestic air service »

Include Upul Tharanga to the test line up – Arjuna Ranatunga

Sri Lanka’s World cup winning captain Arjuna Ranatunga says, the national side should include Upul Tharanga to the test line up. He is also of the view that the present set of selectors headed by Duleep Mendis should give more opportunities to the younger players to...

Jan 6, 2012 / More »

Economic Outlook

Prolonged recession in Europe could impact South Asian economies – UN

United Nations says a prolonged recession in Europe could have a significant impact on growth across South Asian economies which includes countries such as Sri Lanka, India and Pakistan etc. The UN says, this situation could occur as European countries continue to be a key export...

Jan 19, 2012 / More »

In Depth

A quick fix won’t help CSE – Stock Broker

(News360.lk) A Sri Lankan stockbroker says the problem in the Colombo Stock Exchange is much deeper and injecting few billion rupees into it will not help resolve the problem. The broker comments comes as the Colombo Stock Exchange on Tuesday struggled to show progress despite the...

Jan 17, 2012 / More »

Executive Focus

Sri Lanka’s Softlogic Group’s retail arm to expand to 250 outlets by end 2012

Sri Lanka’s Softlogic Group, a diversified conglomerate is planning to expand its consumer electronic and home appliances segment, in a bid to take advantage of the increasing demand for such products in the local market. Accordingly, the firm which operates 110 outlets as of now, will...

Dec 8, 2011 / More »