Sri Lanka is planning to hold a mega exhibition in Colombo to promote local products to the global buyers, in a bid to attract new markets and diversify local exports.
Organized by the Export Development Board, the event aims to attract international buyers to Colombo.
The move was announced by the Minister of Industry and Commerce Rishard [...]
April 30, 2011 11:14 AM | Posted in
Economy |
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IN THE three weeks since Stuart Law was appointed interim coach of Sri Lanka, the Australian has gained a powerful insight into the forces affecting his players and the need to keep the island nation’s influential neighbor, India, ‘’sweet”.
In that time the captain and vice-captain have stood down, the entire selection panel has been replaced, [...]
April 30, 2011 9:14 AM | Posted in
Other,
Sports |
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The concluded trading week saw the Colombo Stock Exchange experiencing dull sentiments throughout the week mainly owing to lack of funds and illiquidity.
ASPI fell by 99.85 points week on week to stand at 7,356.97 points while the MPI declined by 124.34 points, once again week on week to close at 6,822 points.
Both retail & institutional [...]
April 30, 2011 9:10 AM | Posted in
Markets,
Stock Market |
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Sri Lanka’s inflation during the month of April rose to 9.8% compared to just 5.8% recorded during the month of April 2010.
This is also an increase compared to 8.6% of inflation recorded during the month of March this year.
The average annual inflation figure too has moved up to 6.6% in April compared to 6.2% remained [...]
April 29, 2011 5:17 PM | Posted in
Economy |
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Prince William wed Kate Middleton today after tenderly telling her at the altar: “You look beautiful.”
The future king eased his beautiful bride-to-be’s nerves as she arrived by his side at Westminster Abbey.
Kate arrived on time at 11am with her father, Michael, and paused nervously before beginning her long walk down the aisle.
After smiling broadly as [...]
April 29, 2011 4:55 PM | Posted in
Other |
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Sri Lanka’s privately run St. Thomas’ College of Mount Lavinia has established one of the largest wi-fi zones in the country.
Accordingly, the college has established 40 wireless access points across its premises thus enabling quality wi-fi coverage for the entire institution.
With this initiative, the college aims to help the education activities of its 2650 students [...]
April 29, 2011 1:53 PM | Posted in
Education |
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Crowds are gathering in central London for the wedding of Prince William and Kate Middleton at Westminster Abbey.
The first of the 1,900 guests will arrive from 0815 BST, with the ceremony itself getting under way at 1100.
Thousands of people have camped out overnight on the procession route the couple will take to Buckingham Palace.
The couple [...]
April 29, 2011 12:13 PM | Posted in
Other |
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Sri Lanka’s Sunshine Travels and Tours Limited along with a Singaporean firm is planning to invest US$ 50 million to develop, acquire and manage hotels in the country.
Accordingly, the company, a subsidiary of Sunshine Holdings PLC has built up a Joint venture with the Singaporean firm SilverNeedle Hospitality towards venturing into this project.
Both will develop and [...]
April 28, 2011 6:48 PM | Posted in
Tourism |
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The Securities and Exchange Commission has reduced the duration of the price band to just 5 days from the present 10 days, effective from Friday.
Accordingly, in future “Price band” imposed on any listed firm will be lifted within 05 days.
Meanwhile the SEC says, it will continue to monitor the market especially in relation to price [...]
April 28, 2011 5:46 PM | Posted in
Markets,
Stock Market |
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Sri Lanka Insurance Corporation has acquired a 10% stake in the Colombo Dockyard.
Accordingly, the SLIC’s general fund has acquired 3.421 million shares which makes upto 5% stake of the firm.
While the entities life fund has purchased 3,421,475 milion shares which runs upto 4.99% stake of the ship builder.
April 28, 2011 10:23 AM | Posted in
Business & Finance |
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