Tamils are safe in Sri Lanka: Canada

A new policy introduced by the Canadian Government has said that lives of the Tamil people in Sri Lanka are not in danger.
The new policy introduced by the Canada’s Immigration and Refugee Board says “Your life is not in danger just because you’re a Tamil who has been sent back to Sri Lanka”.
The report according [...]

Heroic soldiers taking part in an event in Colombo

Sri Lanka goes for a rate cut

Sri Lanka today reduced its key policy rates further down to enable space and comfort for new and wider investments to the country’s economy, said the Central Bank.
Accordingly the Repurchase rate was cut by 25 basis points to stand at 7% and the Reverse Repurchase rate was reduced by 50 basis points to come down [...]

I will miss the MI dressing room: Jayasuriya

CHENNAI: Its all but over for Sanath Jayasuriya. After being denied a spot in the World Cup probables list, the Matara mauler went unsold in the IPL auctions in Bangalore which virtually brought the shutters down on his career.
“These things are part and parcel of a cricketers life and I have been experiencing all these [...]

Positive momentum at the CSE continues

Trading at the Colombo Bourse was positive today with the All Share Price Index appreciating by 24.89 points.
However the more liquid MPI depreciated by 4.93 points.
The Banking & the financial sector gained specific investor interest, especially counters such as Sampath Bank.
Interest from both the retail and institutional interest was evident during the day.
109 counters saw [...]

Expanding Sapugaskanda refinery with Iranian funding still on: Official

By: Prasanna C. Rodrigo
Sri Lanka on Monday held a discussion on expanding the Sapugaskanda Oil Refinery with Iranian funding.
Secretary to the Ministry of Petroleum Titus Jayawardena said during the discussion which was headed by President Mahinda Rajapaksa, it was decided to find ways and means of completing the project at a cost of US$ 1.5 [...]

Vidullanka rating upgraded

RAM Ratings has upgraded the long-term corporate credit rating of Vidullanka to A- with the outlook remaining stable.
While it’s short term rating has been reaffirmed at P2.
RAM says the upgrade reflects the Company’s improving financial profile and conservative funding strategy.
It adds the steady income and conservative strategy has helped Vidullanka to ease its debt levels.
The [...]

MBSL reinstates its CEO Karunathilake

Merchant Bank of Sri Lanka has reinstated its CEO A.P. Karunathilake back in service following a court order.
The Bank earlier suspended Karunathilake over a pending inquiry into certain acts of alleged misconduct.
However the District Court of Colombo has issued an enjoining order against the suspension.
According to the MBSL Chairman R. Shaa, the Banks CEO was [...]

Sri Lankan players lucky at the IPL Auction

Mahela Jayawardena, Muttiah Muralitharan Angelo Mathews, Kumar Sangakkara and T. M. Dilshan were the Sri Lankan Cricketers who got the highest deals at the latest IPL auction which concluded during the weekend.
Batsman Mahela Jayawardene topped the list with a sum of US$ 1.5 million which runs up to approximately Rs.160 million.
He was picked by the [...]

President met the SL Cricket World Cup team