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A Sri Lankan Buddhist monk has set fire to himself demanding an end to cattle slaughter »

A Sri Lankan Buddhist monk has set fire to himself in the city of Kandy this morning, demanding an end to cattle slaughter in the...

May 24 2013 / Comments (0) / Read More »

A fire erupted at the Colombo Port has been brought under control »

A fire erupted at the Container Freight Station 01 of the Colombo Port at around 01.00 am this morning has been completely brought under control,...

May 24 2013 / Comments (0) / Read More »

Thursday: Colombo Stock Exchange »

Colombo Stock Exchange gained 0.42-pct during today’s trading thus resulting in ASPI closing the day at 6489 points. Foreigners were net buyers, while foreign participation accounted...

May 24 2013 / Comments (0) / Read More »

Sri Lanka appoints an acting Chief Justice »

Sri Lanka today appointed senior supreme court judge Saleem Masoof as the country’s acting Chief Justice. Masoof took oaths before President Mahinda Rajapaksa at the Temple...

May 24 2013 / Comments (0) / Read More »

Sri Lanka investigates the acts of ‘Fedrick Neuman Foundation’ »

Sri Lanka’s Criminal Investigation Department has started an investigation to find out whether the Fedrick Neuman Foundation, a non profit organization operating in the country...

May 24 2013 / Comments (0) / Read More »

Sri Lankan Hotelier casts doubts on the classification of ‘tourist’ arriving in the country »

A Sri Lankan Hotelier says though the country received one million tourists during the year 2012, the impact of same was not felt by the...

May 24 2013 / Comments (0) / Read More »

Sri Lanka to get US$ 580 mn loan from China »

Sri Lanka will get US$ 580 million loan from China to finance its development projects, announced the Government’s Cabinet Spokesman. Accordingly, Sri Lanka’s Ministry of Finance...

May 24 2013 / Comments (0) / Read More »

Wednesday: Colombo Stock Exchange »

Colombo Stock Exchange ended the day on positive territory with ASPI gaining 0.31-pct to close the index at 6462 points. The day’s turnover recorded a sum...

May 24 2013 / Comments (0) / Read More »

Sri Lanka based MillenniumIT appoints a new CEO »

Sri Lanka based MillenniumIT, a unit of London Stock Exchange Group has appointed John Mackay (Mack) Gill as its new CEO, announced the firm in...

May 24 2013 / Comments (0) / Read More »

Sri Lanka Cricket recalls Dilhara Lokuhettige to replace Welagedera »

Sri Lanka Cricket has recalled all-rounder Dilhara Lokuhettige to replace bowler Chanaka Welagedera to take part in the upcoming ICC Champions Trophy which will be...

May 24 2013 / Comments (0) / Read More »

Sri Lanka appoints an acting Chief Justice »

President inspects vegetables grown at ‘President’s House’ in Kandy »

Sri Lanka based MillenniumIT appoints a new CEO »

A French Naval ship arrives in Sri Lanka »

Interviews

Sri Lanka relaxes rules on Unit Trust Industry

Sri Lanka’s Monetary Board has approved the inclusion of investments in Glit Unit Trusts by Licensed Commercial Banks and Licensed Specialized Banks under the definition of “liquid assets“subject to several conditions. Among the conditions imposed are, Glit Unit Trusts (GUTS) should be opened ended trusts, underline...

May 24, 2013 / More »

Economic Outlook

Sri Lanka’s consumer electronics imports see robust growth in 2010-11, but slows down in 2012

Sri Lanka’s consumer electronics and domestic appliances imports have seen robust growth during the year 2010 and 2011, but has slowed down in the year 2012, with number of products recording a decline in imports both in value and quantity. A study conducted by the Ceylon...

May 24, 2013 / More »

In Depth

Kerala’s ayurvedic industry challenged by Sri Lanka

Kerala’s ayurvedic industry believes that its counterparts in Sri Lanka are becoming a major threat to its dominance in the industry, a media report said. “Sri Lanka has slowly come up as a threat to our market,” Sanjeev Kurup V., Secretary of the influential Kerala Travel...

May 24, 2013 / More »

Executive Focus

Sri Lankan firm commissions a soap factory

Sri Lanka’s Lankem Consumer Products Limited, a subsidiary of Lankem Ceylon has commissioned a Rs. 70 million worth laundry soap plant. The plant located at the firm’s manufacturing complex in Sapugaskanda has the capacity to produce 15 metric tons of soap per shift. “Laundry soap is the...

May 24, 2013 / More »