Sri Lanka’s 2011 tea production records 328.3 million kilograms Sri Lanka’s tea production during the year 2011...
Treasury bill auction Sri Lanka’s weekly treasury bill auction held today...
(News360.lk) A Sri Lankan stockbroker says the problem in the Colombo Stock Exchange is much deeper and injecting few billion rupees into it will not help resolve the problem.
The broker comments comes as the Colombo Stock Exchange on Tuesday struggled to show progress despite the Securities and Exchange Commission extending broker credit limits.
On Monday, the [...]
Tourist arrivals to Sri Lanka in December 2011 has reached a figure of 97,517, thus marking the highest ever, the country has received during a months period.
Meanwhile, as expected earlier, Sri Lanka has received 855,975 tourists during the year 2011, a 30.8% growth compared to the year 2010.
The highest number of arrivals has [...]
Since the opening of Sri Lanka’s first ever Expressway just two weeks ago, over 50 dogs have died on the road, after being hit by vehicles which travel on the highway at high speed.
R. A. D. Kahatapitiya, Acting Director of the Expressway Operations and Maintenance Management told News360.lk,”Since the commencement of the highway, around 50 [...]
A top state official says that the Government is positively looking at the possibilities of removing or relaxing some of the regulatory controls imposed by the Securities and Exchange Commission on share trading.
He said, this new development started taking place following a meeting, the heads of local Stock Brokerages held with President Mahinda Rajapaksa on [...]
By. R M B Senanayake
Many years ago my driver used to buy shares which were low priced thinking that they were cheap. Once he had bought Vanik shares and when he asked me if it was a good buy, I told him that the company was bankrupt. He was upset but I reassured him that [...]
Senior Minister A.H.M. Fowzie who entered parliament in 1994 has held nearly ten ministerial portfolios covering sectors such as health, transport, highways, petroleum, environment, disaster management and Muslim affairs etc.
Currently functioning as one of the Senior Ministers of the Government, Fowzie who will reach his 74th Birthday in October says he has no plans to [...]
By: R.M.B. Senanayake
Long term investors are staying away from the market just as the foreign investors are selling and liquidating their portfolios. They say the market is over-priced because the market Price Earnings Ratio is 20, having declined from a much higher 25 a few weeks ago. But emerging markets are capable of unusually high [...]
By: Prasanna C. Rodrigo
Following the new rules announced by the Securities and Exchange Commission on governing broker credit to investors, nearly 8 to 10 Stock Brokers are finding it difficult to lend or regularly lend, says market sources.
This is owing to those brokers not having the required liquidity levels to be qualified to lend as [...]
By. R.M.B. Senanayake
Yes Wall Street has stumbled and markets elsewhere in the regions have followed suit. There was a 60-point drop in the S&P. It just cut through a major support level (at about 1,220) to almost free-fall in the last hour of trading – losing all of its 2011 gains in the process. [...]
Environmental Resources Investment PLC has made an appeal to the Securities and Exchange Commission not to go ahead with the “Notice of Action” issued to the firm by the regulator.
The SEC in the early parts of this month issued a “Notice of Action” against ERI indicating that it will take legal action against the firm [...]
President Rajapaksa inspecting the “Tyson bite”
Sri Lanka host “Ayubowan China”
An Indian teacher finds $9.8bn in his bank balance
Deepawali celebrations at the Temple Trees
Cruise ship “Costa Concordia” sinks
The navy saves “The Greyhound of the sea”
Emir of Qatar Sheikh Hamad Bin Khalifa Al Thani arrives in Sri Lanka