Sri Lanka wants Chinese to follow the Great Admiral

Sri Lanka wants Chinese to follow the Great Admiral Sri Lanka Tourism is planning to attract Chinese...

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Sri Lanka receives 85,874 tourists in January

Sri Lanka receives 85,874 tourists in January Sri Lanka has received 85,874 tourists to the...

 

Archive for ‘May, 2011’

CSE on Tuesday

CSE on Tuesday

The ASPI dropped by 0.67% to close the day on 7,418 points while the MPI too followed up and declined by  0.18% to end the day at 6,853 points.
The market witnessed speculative buying interest in certain counters while Finance sector counters attracted specific interest.
Price losers outnumbered the gainers 78 to 158.
Foreign investors emerged as net [...]

Inflation in May slows down

Inflation in May slows down

Sri Lanka’s Inflation during the month of May has risen by 8.8%, but has seen a slowdown compared to 9.8% recorded during April.
However this is a high figure compared to 5.3% recorded during May 2010.
The annual average inflation too has moved up to 6.9% in May compared to 6.6% remained during the month of April.
Central [...]

Lack of a Cinema Archive is a major hindrance to the local Cinema: Lester

Lack of a Cinema Archive is a major hindrance to the local Cinema: Lester

Acclaimed film director, screen writer and film producer Lester James Peries says, lack of a “National Cinema Archive” is a major problem the local Cinema industry is facing today.
Peries who has produced over two dozens of films said, due to unavailability of proper archival facilities in the country, the “master negative” of his award winning [...]

A Naval Commander becomes a “Reality Star”

A Naval Commander becomes a “Reality Star”

Sri Lanka on Sunday witnessed some of the top singing talents of the country’s security forces competing to become the first ever reality star chosen out of the three armed forces.
The event titled “Ranaviru Real Star” was the first of its kind to be held in the country providing an opportunity to a large number [...]

Few RFCs struggle to meet the listing deadline, while the rest will go through

Few RFCs struggle to meet the listing deadline, while the rest will go through

Except for few, majority of the registered finance firms will list their firms on the Colombo Stock Exchange before the June 30th deadline, A Central Bank official said.
He said few finance companies who underwent financial crisis and still recovering, will not meet the deadline set by the Bank.
Meanwhile, a statement from the Central Bank announced [...]

Sri Lanka faces dramatic collapse in Cardiff, lose first test against England

Sri Lanka faces dramatic collapse in Cardiff, lose first test against England

Sri Lanka a short while (Monday) ago lost the first test played against England by an innings and 14 runs.
When both teams entered the ground today which was the fifth and final day of the first test match, the contest was well poised for a draw as England was still batting their first innings.
However when [...]

Sri Lanka’s monthly export earnings surpass US$ 1 billion for the first time in March

Sri Lanka’s monthly export earnings surpass US$ 1 billion for the first time in March

Sri Lanka, for the first time in its trade history has seen its monthly export earnings surpassing the US$ 1 billion mark during March this year, thus recording an earning of US$ 1.05 billion.
This also marks a 59.5% growth in export earnings year on year reflecting an increase in all major categories of exports.
Agricultural exports [...]

Mercantile Investments Limited to start trading shares

Mercantile Investments Limited to start trading shares

Mercantile Investments Limited a registered finance firm will start trading its shares on the CSE from the 2nd of June.
The Company, which is listing the firm in the Colombo bourse as a way of an introduction will list just over 3 million shares on the Diri Savi Board.
The shares would be classified under the Banks, [...]

Central Bank finds more office space

Central Bank finds more office space

Central Bank today declared opened the restored Lloyd’s building which the Bank will use to carry out some of its business activities.
The Lloyd’s which is a five storied building has been acquired by the Central Bank during the year 2009 in a bid to find growing space requirements of the Bank.
CBSL [...]

HNB to raise Rs. 14 billion in July via a rights issue

HNB to raise Rs. 14 billion in July via a rights issue

Hatton National Bank which is planning to raise Rs. 14 billion via a rights issue will commence trading the rights from July 4th.
HNB is planning to offer 71.5 million ordinary shares, with a proportion of one ordinary share for every 5 shares held by its existing shareholders, through this rights issue.
The Bank will put 57.48 [...]

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