Select stocks which will gain or preserve value during troubled times – Jafferjee

(News360.lk) A  Sri Lankan stock broker advise investors to select stocks which will hold or preserve their value as the Colombo Stock Exchange continues with its downward trend with the main index declining by 10% so far this year.
Murtaza Jafferjee of JB Securities speaking to News360.lk said,”I encourage investors who did not have an equity [...]

Include Upul Tharanga to the test line up – Arjuna Ranatunga

Sri Lanka’s World cup winning captain Arjuna Ranatunga says, the national side should include Upul Tharanga to the test line up.
He is also of the view that the present set of selectors headed by Duleep Mendis should give more opportunities to the younger players to ensure that the team is sustained in the longer term.
He [...]

“I don’t believe in overregulation” – New Chairman of the SEC

By: Prasanna C. Rodrigo
The newly appointed Chairman of Sri Lanka’s Securities and Exchange Commission Thilak Karunratne says he doesn’t believe in over regulation, as it is counter productive to the market.
Speaking to News360.lk he said, “I don’t believe in over regulation, as over regulation is counter productive”.
However, Karunaratne was of the view that the market [...]

Several countries eyeing to enter Sri Lanka to explore oil

By: Prasanna C. Rodrigo
Sri Lanka says several countries including Russia, India, Ukraine and Vietnam have expressed their interest to enter oil exploration activities in the Gulf of Mannar basin.
Saliya wickramasuriya, the Head of the country’s Petroleum Resources Development Secretariat when inquired by news360.lk said “Yes, several countries have expressed interest in collaborating, including the Russian [...]

“Ceylon Hotels Corporation ready to attract foreign tourists” says Chairman

The Ceylon Hotels Corporation PLC says it is now geared to attract foreign tourists, having several of its facilities which were primarily patronized by the domestic travelers been refurbished.
The Company which has suffered a net loss of Rs. 59 million during the year 2010/2011 financial year says, 58 rooms out of its 88 room capacity [...]

France keen on Sri Lanka’s construction and Energy sectors: Diplomat

“Sri Lanka should create awareness about its post war economic opportunities among the France business community”, says France Ambassador to Sri Lanka and Maldives Mrs. Christine Robichon.
Robichon says, “Details on Sri Lanka’s new macro-economic data should be made available to the business and investor community of France for their awareness” .
The ambassador made this comment [...]

“Moragoda is not a grass root man, we are winning Colombo”: John Amaratunga

John Amaratunga is a senior politician of the United National Party and represents the Gampaha District in Parliament.
The 71 year political veteran who also boasts of a long parliamentary stint, once held the Cabinet portfolio of Minister of Interior under the brief UNF regime which lasted from 2001 to 2003.
With his party trying to find [...]

‘Sri Lankan market is ready to experiment in video broadband and 4G’ -Amali Nanayakkara of Airtel

Here we reproduce an interview given by Mrs. Amali Nanayakkara, the CEO / MD of Bharti Airtel Lanka to India’s Voice& DATA. In the interview She discusses the company’s standpoint in the country and strategic importance of 4G and also about regulatory issues in Sri Lanka.
Bharti airtel is the largest operator in India. What initiatives [...]

Monsoon weather delays blasting work of the seabed rock in the Hambantota port

By: Prasanna C. Rodrigo

The blasting work of the Seabed Rock which obstructs the arrival of large ships to the Hambantota Port is getting delayed owing to the ongoing Monsoon weather, says an Official.
Agil Hewageegana, the Chief Engineer of the Hambantota Port told news360.lk, “we have stopped the blasting work of the rock during last 3 [...]

CSE is on a correction, IPO momentum has reduced: Jafferjee

Murtaza Jafferjee of JB Securities says the Colombo Stock Exchange is currently undergoing a natural correction which he said has been the case for the last six months.
“It’s a natural correction that is taking place that is healthy for the market” he told News360.lk.
Jafferjee who is the Managing Director of the JB Securities added that [...]