Sri Lanka wants Chinese to follow the Great Admiral Sri Lanka Tourism is planning to attract Chinese...
Sri Lanka receives 85,874 tourists in January Sri Lanka has received 85,874 tourists to the...
The All Share Price Index of the Colombo Stock Exchange appreciated by 86.34 points today to end the trading day at 7,797 points.
However the MPI index which represents the 25 most capitalized firms of the CSE, depreciated by 28.43 points.
Institutional and high net worth investors were dominant throughout the day compared to retail investors.
147 counters [...]
Sri Lanka’s February inflation jumped to 7.8% from January’s 6.8%.
The year on year average inflation too has edged up by a basis point to stand at 6.1%.
During February 2010 the country’s inflation stood at 6.9%.
Meanwhile the Central Bank earlier this month said the global economy is set to recover faster during the year 2011 than [...]
Sri Lanka says the city of Visakhapatnam which is located in the Eastern coast of India will be connected to Colombo via direct flights and to Trincomalee through a ferry service.
This was disclosed by Sri Lanka’s High Commissioner for India Prasad Kariyawasam who was speaking at a recent seminar organized by the Andra Chamber of [...]
RAM Ratings Lanka has assigned Union Banks long term financial institution rating, a “BBB” with a stable outlook.
The Banks short-term financial rating is assigned a P3.
RAM says the ratings are premised on the Bank’s healthy capitalisation as well as adequate funding and liquidity position.
However it adds the “Rating” was constrained by the Bank’s small size, [...]
The “Public Ballot System” for releasing tickets for the ICC Cricket World Cup semi-finals and finals will commence today.
Haroon Lorgat, the ICC Chief Executive, announced that this is the best system to release the tickets as the demand to purchase tickets for the 3 matches has run into millions.
Accordingly the interested cricket fans will need [...]
Sri Lanka’s Central Bank Governor Ajith Nivard Cabraal says that some governments are asking their Central Bank Governors to get political lessons as today’s political developments have a huge bearing on economic matters.
Cabraal, who was speaking at a function in Colombo where the Central Bank Governors from South East Asian Countries were present, said such [...]
The world faces a protracted bout of extremely high food prices, the US government has warned, overwhelming farmers’ ability to cool commodity markets by planting millions of additional hectares with crops.
The US Department of Agriculture on Thursday forecast nominal record farm-gate prices for corn, wheat and soyabeans in the crop year that begins with the [...]
This week’s overall performance at the Colombo Stock Exchange saw the ASPI losing 2.1% during the first two days of trading primarily owing to retail selling.
However, the market started making gains from Wednesday and continued the momentum towards the end of the week which was backed by retail buying.
The All Share Price Index increased by [...]
By: Prasanna C. Rodrigo
CITICORP Investment Bank of Singapore has sold Rs. 1 billion out of the Rs. 3 billion worth debentures it purchased from the UDA debenture issue to the Bank of Ceylon.
The transaction which took place on Friday has been conducted via the secondary market.
The DGM, Investment of the Bank of Ceylon P.A. Lionel [...]
NTB launches promotional campaign to reward customers
Sri Lankan embassy in Berlin celebrates the independence day
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