Sri Lanka’s inflation during the month of November has slowed down to 4.7%, the lowest monthly figure recorded during this year.
The previous lowest monthly figure was recorded during the month of October which stood at 5.1%.
During the month of November 2010, the inflation was at a high of 6.9%.
The annual average inflation up-to November this [...]
November 30, 2011 4:49 PM | Posted in
Economy |
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Sri Lanka’s three month Treasury bill rates rose by 30 basis points to reach 8.20% from the last auctions 7.95% at the weekly auction held today.
The six month rates rose by 32 basis points to reach 8.50% while the one year rates also rose by 51 basis points to stand at 8.50%.
The auction was oversubscribed [...]
November 30, 2011 4:32 PM | Posted in
Markets |
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Mohan Lal Grero a Parliamentarian of Sri Lanka’s main opposition United National Party has put his weight behind the Government’s 2012 Budget proposals.
Grero speaking in parliament this afternoon has endorsed the Government’s 2012 Budget proposals.
This is in contrast to the stand taken by his party which says the budget has not fulfilled the wishes of [...]
November 30, 2011 2:51 PM | Posted in
Politics |
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Suranga Lakmal has joined the list of Sri Lankan fast bowlers who are nursing injuries thus ruling him out of the upcoming test series in South Africa.
Lakmal who has suffered an ankle injury joins Shaminda Eranga, Nuwan Kulasekera and Dhammika Prasad who are all suffering injuries.
Chairman Duleep Mendis has told media that a replacement was [...]
November 30, 2011 11:29 AM | Posted in
Other,
Sports |
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Sri Lanka’s Bank of Ceylon has dropped its plan of finding an international partner to invest and manage the Bank’s Grand Oriental Hotel under an international brand name.
Instead the Bank’s Chairman Dr. Gamini Wickramasinghe told News360.lk, that the Bank will single handedly develop the 200 room hotel.
He said the hotel will be drastically upgraded before [...]
November 30, 2011 10:39 AM | Posted in
Tourism |
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Securities and Exchange Commission will hold an investor awareness program in the Northern town of Jaffna on the 3rd of December.
The event expected to be held at the Veerasingam Hall, in Jaffna is aimed at attracting Northern Investors to the CSE.
SEC says the “Investor Day” will see the participation of Stock brokers and Unit Trust [...]
November 29, 2011 7:57 PM | Posted in
Markets,
Stock Market |
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Sri Lanka’s Colombo Stock Exchange has conducted a high level investor forum in Singapore to attract foreign investors to the country’s Stock market.
The seminar titled “Invest in Sri Lanka” held today has attracted over 150 fund managers and investors.
The key note address of the forum has been delivered by the Governor of the Central Bank [...]
November 29, 2011 6:57 PM | Posted in
Markets,
Stock Market |
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MyDeal.lk, a daily deals website says within just two weeks of its launch, the website has attracted nearly 12,000 fans on Facebook.
The site launched just two weeks ago is aimed at providing merchants the opportunity to promote their products or services by offering attractive “daily deals” to customers via online.
The website says, any interested person [...]
November 29, 2011 3:58 PM | Posted in
Other,
More |
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Ministry of power and Energy says over 1000 kilometers of cables, five transformers and four high tension towers have been damaged in the Southern coastal belt owing to the recent bad weather prevailed in the area.
Among them include 46 kilometers of high tension cables and 1041 kilometers of low tension cables.
The Ministry says nearly 530,000 [...]
November 29, 2011 2:13 PM | Posted in
Other,
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Sri Lanka’s Securities and Exchange Commission which is now in the process of finding a suitable candidate to fill its vacant Director General position has attracted heavy response.
Chairperson of the SEC Indrani Sugathadasa told News360.lk that they have received around 20 applications seeking the position.
Sugathadasa expects more to come forward as the closing date for [...]
November 29, 2011 11:49 AM | Posted in
Markets,
Stock Market |
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