Head of a Sri Lankan brokering firm says the Colombo bourse should increase its liquidity levels if it wants to attract top-notch funds to the bourse, which are already showing a greater interest on the local market.
Kosala Gamage, the Managing Director of Lanka Securities speaking to news360.lk said, the CSE is currently experiencing its best [...]
Lanka Indian Oil Corporation says it is time for the Government to rethink about its fuel pricing policy, which the company says has impacted heavily on its bottom-line.
Company’s Managing Director Suresh Kumar speaking to news360.lk said, as the Government run CPC selling fuel at below cost, the Indian firm is also being forced to do [...]
By end January, Sri Lanka will give approval to build a total of five to six, 5 star hotels, says Authorities.
Chairman Sri Lanka Tourism Nalaka Godahewa said, “We have reached the approval stage of several of those projects”.
Sri Lanka Tourism has already given approval for two 5 Star hotels.
Accordingly, Shangri-La, the global hotel chain operator [...]
January 3, 2011 9:21 AM | Posted in
Executive Focus,
Tourism |
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By: Prasanna C. Rodrigo
Sri Lanka is spearheading a two pronged strategy to win the hosting of the 2018 Commonwealth Games in Hambantota and also bag at least 50 Gold medals at the competition.
This was stated by the Governor of the Central Bank Ajith Nivard Cabraal who is heading the 2018 Commonwealth Games candidate city organizing [...]
December 6, 2010 12:41 PM | Posted in
Executive Focus,
Other,
Sports |
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Managing Director of the Logon Rockefeller’s Sri Lanka unit Channa De Silva says companies entering the Colombo Stock Exchange need to be careful when pricing their IPO’s.
Citing reasons for his statement, De Silva said in recent times there were few IPO’s which was overpriced as those pricing did not match the expected levels during the [...]
November 17, 2010 3:04 PM | Posted in
Executive Focus,
Markets,
Stock Market |
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By: S. Jeyavarman:
The Sri Lankan story is unique. A small country with a population of around 20 million people witnessed devastating internal war for over 26 years which came to an end in May 2009.
Over the years enormous resources were spent on defence related expenditure by the state to achieve a peaceful environment for the [...]
September 1, 2010 10:53 AM | Posted in
Executive Focus,
Top Left |
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Sri Lanka’s Lubricant industries growth which was declining during the last 6 to 7 years has started to see growth, says an industry leader.
Kishu Gomes the Managing Director / CEO of the Chevron Lubricants Lanka PLC the market leader in the country’s lubricant industry said “the recovery started beginning this year”.
Gomes attributes the recovery to the revival [...]
The prominent economist and the Vice President of the Sri Lanka Economic Association R.M.B. Senanayake says if Sri Lanka does not sign the CEPA agreement with India, it will definitely be a lost opportunity for the country.
He says despite the protest by the local business community, Sri Lanka should go ahead with this agreement which [...]
May 31, 2010 11:51 PM | Posted in
Economy,
Executive Focus |
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Sri Lanka has found an extensive deposit, adequate to supply clay for the countries tile manufacturing industry for the next 20 years.
This was revealed by Mahendra Jayasekera the Managing Director of the Lanka Walltile PLC, the countries sole wall tile manufacturer, while joining for an interview with www.news360.lk.
Jayasekera speaking on the demand for wall-tile business [...]
Lanka IOC Managing Director Suresh Kumar says within next 3 years it plans to build its infrastructure Facilities Island wide covering all areas of its business segments here in Sri Lanka to ensure it stays in line with its intended growth plans.
Lanka IOC is currently involved in selling petroleum products including Bunker fuel, lubricants and [...]