Sri Lanka’s 2011 tea production records 328.3 million kilograms Sri Lanka’s tea production during the year 2011...
Treasury bill auction Sri Lanka’s weekly treasury bill auction held today...
The Colombo Stock Exchange gained ground today with both indices closing with positive note.
The All Share gained 57.24 points while the Milanka Price Index gained 27.29 points.
The turnover for the day stood at Rs. 1.48 billion.
There was interest seen on buying finance sector counters such as the LOLC, VFIC, CFIN.
Profit taking was seen in the [...]
Sri Lanka’s August inflation has increased to 5% from last months 4.3%.
This is the first time the monthly inflation saw a rise following a continuous decline experienced during the last 6 month.
The latest rise in the point to point inflation comes in the wake of Central Bank reducing its lending rates to the Banks or [...]
Fitch Ratings today revised Sampath Banks outlook from Stable to Positive and affirmed its national long-term rating to ‘AA-(lka).
Fitch says the “outlook” revision is based on the ongoing structural improvements within the bank since early 2009 across most spheres of risk management.
This aspect the rating agency says is helping to improve the Banks credit profile [...]
Finance Secretary Dr. P. B. Jayasundera says no Central Bank can pursue policies that run counter to the objectives of national economic problems.
He says this is despite the critic’s continuous view for separating the Government and the Central Bank.
Jayasundera made these comments while delivering the Diamond Jubilee oration to mark the 60th anniversary of the [...]
Sierra Cables PLC has decided to amalgamate the company with its fully owned subsidiary Alucop Cables Limited.
Accordingly once amalgamated which the process is now on, Sierra Cables PLC will remain while the Alucop Cables will cease to exist.
Once it is done, Sierra will take over the assets, liabilities and legal obligations of Alucop Cables Limited.
Sierra [...]
The ASPI lost 33.38 points to end the day at 5600.77 points while the MPI lost 35.24 points close the day at 5861.87 points.
The turnover for the day stood at Rs. 1.74 billion.
The market experienced crossings from 4 companies.
265,000 of Hayleys shares changed hands at Rs. 330 per share while the DFCC continued its crossings [...]
President Rajapaksa inspecting the “Tyson bite”
Sri Lanka host “Ayubowan China”
An Indian teacher finds $9.8bn in his bank balance
Deepawali celebrations at the Temple Trees
Cruise ship “Costa Concordia” sinks
The navy saves “The Greyhound of the sea”
Emir of Qatar Sheikh Hamad Bin Khalifa Al Thani arrives in Sri Lanka
