We have a debt to pay to our fans, Sangakkara says Below is an exclusive interview given by Sri...
Sri Lanka can start making quick progress in the ‘sevens rugby’ – Phil Greening Sri Lanka’s National Rugby Coach Phil Greening, the...
The United Nations Resident Coordinator in Sri Lanka Niel Buhne will leave the country shortly as his tenure here in the Island is coming to an end.
Accordingly Buhne met President Mahinda Rajapaksa yesterday to bid farewell.
Niel Buhne operated here in Sri Lanka during challenging times such as during and after the war.
He also spearheaded many [...]
Bank of Ceylon, Seylan Bank, Peoples Bank and the EPF have applied for a combine value of Rs. 700 million to buy shares from The Finance Company’s IPO.
The Company CEO Kamal Yatawara said, “BOC and Seylan Bank have applied for a share value of Rs. 200 million each”.
He also said People’s Bank wanted shares for [...]
Amana Takaful (Maldives) Private Limited, a unit of Amana Takaful PLC is planning to list its shares on the Maldives Stock Exchange.
The Company announced that it has already forwarded an application to the Maldives Stock Exchange in this effect.
Amana’s Maldives unit is a part of Amana Global Limited, which is a fully owned subsidiary of [...]
SriLankan Airlines and the Aircraft technicians Union of the Airline have entered into a 3 year Collective Agreement.
The Agreement covers a wide range of areas such as salary, promotions, increments, allowances, incentives, overtime, rosters and leave entitlements etc.
The agreement, which is the 5th such collective deal both parties have entered since the year 1999, will [...]
The Central Bank of Sri Lanka has decided to keep its key policy rates unchanged during February taking into consideration the country’s current economic developments.
Accordingly the Repurchase rate will remain at 7% while the Reverse Repurchase rate will continue to be at 8.50%.
Describing the current developments in the economy, the Central Bank said the global [...]
Cargills Ceylon PLC has decided to purchase a brewing facility for a sum of Rs. 1,425 million.
This will be done via its subsidiary Millers Brewery Limited.
In a Stock Market filing the Company said it has entered into an agreement with McCallum Breweries Ceylon Private Limited, McCallum Brewing Company Private Limited and Three Coins Company Private [...]
The Finance and Guarantee Company Limited says it is facing a cash flow problem thus causing a delay in paying the “due interest” for its depositors.
Chief Executive Officer of the F&G Dulip Ranasinghe said, “We have paid the due interest payments up to December and since then we haven’t paid”.
Ranasinghe disclosed, “We are tight for [...]
The Colombo Stock Exchange was active throughout the day with investor interest shown towards the plantation sector.
The ASPI appreciated by 34.29 points while the MPI went up by 31.36 points.
At the close of trading today, the All Share Index stood at 7,381 points and the Milanka Index stood at 7,211.
Retail investors dominated the day’s proceedings.
Price [...]
Sri Lanka has decided to hand over the Embilipitiya paper mill for an interested party, to re-develop the factory and manufacture pulp based products.
Accordingly the Government has called on for “expression of interest” from potential investors to submit the application on or before the 28th of this month.
Once a prospective party is selected, the Mill [...]
Sri Lanka is well on course to get a rating upgrade during this year, says the Central Bank.
Its Deputy Governor K. G. D. D. Dheerasinghe said “we are pretty sure of a rating upgrade during the next rating review in May”
Dheerasinghe who heads the Central Bank’s Sovereign Ratings Committee appointed to work towards improving the [...]
Rentokil obtains ISO certification for its unique Wood Preservation process
BOC rewards its customers
‘Queen Elizabeth’ in Sri Lanka
Cathay offers Hongkong Disneyland summer packages
Foreign tour operators at the EXPO 2012
Big screen in Geneva showing the results
Nupur Mehta accused of match fixing says she has “dated” Dilshan