The All Share Price Index is continuing its losing trend and saw closing the days trading with a downfall of 0.46%.
The MPI also declined by 0.92%.
Retail investors continued to be more active compared to Institutional
investor during today’s trading session.
Foreign investors settled down to become net buyers generating a net foreign inflow of Rs. 692.4 million.
Price [...]
March 31, 2011 5:53 PM | Posted in
Markets,
Stock Market |
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Sri Lanka’s March inflation jumped to 8.6% from February’s 7.8%.
The year on year average inflation too has edged up by a basis point to stand at 6.2%.
During March 2010 the country’s inflation stood at 6.3%.
March 31, 2011 4:08 PM | Posted in
Economy |
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Two Business delegations from USA and China are currently in Sri Lanka, exploring business opportunities in the country.
Both teams met President Mahinda Rajapaksa yesterday on separate occasions.
The US delegation comprises executives from firms such as Boeing, Caterpillar, Marriot International, John Deer and Coca Cola.
The US delegation also attended a luncheon meeting in Colombo today, which [...]
March 31, 2011 3:55 PM | Posted in
Business & Finance |
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Triadhot.com, a part of the local Triad agency has launched its first ever fully integrated campaign in Singapore.
The 360 degree campaign carried out for one of its clients consist of print, digital and outdoor executions as well as BTL material and activations.
The advertisement created by triadhot.com has appeared on the newspapers and magazines in Singapore, [...]
March 31, 2011 1:31 PM | Posted in
Other |
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Sri Lanka’s January exports have grown by 72.4% year on year to record the best ever monthly performance to earn US$ 813 million.
This has been backed by significant increases in exports of textiles and garments and rubber products.
Garment sector exports during January have increased by 121.9% year on year to earn US$ 385 million.
Rubber based [...]
March 31, 2011 12:58 PM | Posted in
Economic Outlook,
Economy |
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Sri Lanka says, even though its Colombo Stock Exchange is experiencing a net foreign outflow as of now, it does not mean that the money is going out of the country.
The Colombo Stock Exchange has experienced a net foreign outflow of Rs. 7.8 billion up to date during this year, with January and February recording [...]
March 31, 2011 11:50 AM | Posted in
Interviews,
Markets,
Stock Market |
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The Colombo Stock Exchange saw its All Share Price Index declining by 0.21% to end the day at 7,192 points while the MPI declined by 0.08% to finish at 6,811 points.
Retail investors were more active in today’s trading and certain Banking sector counters gained attention.
Foreign buying recorded a net foreign outflow of Rs. 93.4 million.
115 [...]
March 30, 2011 5:51 PM | Posted in
Markets,
Stock Market |
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President Mahinda Rajapaksa was among the thousands of fans who gathered at the R. Premadasa stadium to watch the 1st semi-final game between Sri Lanka and New Zealand, which took place yesterday.
The game saw Sri Lanka overcoming some troubled moments to book their place in the final match of the world cup, which will take [...]
March 30, 2011 5:20 PM | Posted in
Other,
Sports |
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Sri Lanka’s National Institute of Business Management is planning to launch three master’s programs in collaboration with Ireland’s Dublin University.
The NIBM says it will launch master’s programs covering Management, Finance and Human Resource Management.
Currently a team from NIBM is in Ireland to sign the MOU with the University College of Dublin towards commencing the Master’s [...]
March 30, 2011 3:08 PM | Posted in
Education |
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Sri Lanka saw its 3 month and the 01 year Treasury bill rates remaining flat as the last week’s rate, at the weekly Treasury bill auction held today.
Accordingly, the 03 month rate remained at 6.98% while the 01 year rate remained at 7.30%.
The 06 month rate edged up by just 02 basis points to stand [...]
March 30, 2011 2:02 PM | Posted in
Markets |
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