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Business confidence dips in June

Posted June 30th, 2014 under News by

Business magazine LMD says, in its July edition, that “concerns over price levels and taxes are negating a sense of optimism over the economy”.It reports: “The LMD-Nielsen Business Confidence Index (BCI) remains more or less in line with where it was in May, falling by four basis points on a month-on-month basis, to 138 in […]

Commercial Bank joins LankaPay

Posted June 30th, 2014 under News by

Private sector giant adds muscle for Sri Lanka’s largest common ATM network to cross 2,300 outlets Sri Lanka’s largest common ATM network ‘LankaPay’ strengthened its presence island wide with the advent of Commercial Bank of Ceylon on to its platform.Commercial Bank operates Sri Lanka’s single largest ATM network owned by a bank, and through its […]

Rupee tad weaker on importer dollar demand

Posted June 28th, 2014 under News by

REUTERS: The rupee ended slightly weaker on Friday on importer dollar demand, while the Central Bank curbed the fall by moral suasion, dealers said. The rupee ended at Rs. 130.30/35 per dollar, weaker from Thursday’s close of Rs. 130.28/30. It hit a more-than-three-week closing low of Rs. 130.34/38 on Wednesday. “There was demand from importers. […]

Stock market closes at over 1-year high on large-caps, lower rates

Posted June 28th, 2014 under News by

REUTERS: Stocks rose for a fourth straight session on Friday to close at their highest in more than one year, led by large-caps such as Ceylon Tobacco Co PLC amid lower interest rates and continued foreign buying boosting investor sentiment. The main stock index rose 0.56%, or 35.33 points, to close at 6,363.49, its highest […]

Asian shares slip, global bond yields down on growth concerns

Posted June 28th, 2014 under News by

REUTERS: Asian shares were mostly in the red on Friday, weighed down by a weak performance on Wall Street and doubts about the strength of the US economy, which pushed bonds higher. Japan’s benchmark Nikkei fell 1.5% and regional markets, with the exception of Wellington and Mumbai, were posting losses. The MSCI’s dollar-denominated index of […]

Lanka Factory Index strengthens

Posted June 28th, 2014 under News by

Despite cost pressures, Sri Lanka’s manufacturing signalled an expansion in the first quarter, while the country’s global competitiveness ranking moved up by three notches. “The Factory Industry Production Index that stood at 106.4 this January strengthened and by March it increased to 115.9. I am also pleased give the good news that Sri Lanka has […]

Re-elected CCC Chief calls on private sector to build “peace and harmony”

Posted June 27th, 2014 under News by

Ceylon Chamber of Commerce Chairman Suresh Shah, who was re-elected to head the Chamber for a second year during the institution’s 175th AGM, announced that the Chamber was planning to establish a program to help build “peace and harmony” in the country. Addressing the members at the historic AGM held yesterday at the Chamber premises, […]

Vidullanka commissions 4MW Lower Kotmale Oya Mini Hydro Power Project

Posted June 27th, 2014 under News by

Vidullanka PLC, one of the pioneers in the Sri Lanka mini hydro power industry, has commissioned its seventh Mini Hydro Power Project (MHPP) in Kotmale, Nuwara Eliya on 25 June. The Lower Kotmale Oya MHPP is a ‘run of the river’ type mini hydro power project which does not require the erection of a dam […]

Cargills Bank opens on Monday

Posted June 27th, 2014 under News by

The long awaited Cargills Bank will be formally opened on Monday at Colombo 4. The promoters said in a new era of progress they are building new partnerships and renewing the commitment to create sustainable value via Cargills Bank. View article at source Cargills Bank opens on Monday

Assetline to buy Lisvin Investments as part of industry consolidation move

Posted June 27th, 2014 under News by

Taking the first step towards a strong financial sector under the ongoing financial sector consolidation program initiated by the Central Bank of Sri Lanka, Assetline Leasing Company Ltd. has made arrangements to acquire Lisvin Investments Ltd. The agreement is due to be signed before 30 June. Assetline Leasing Company expects to continually improve the quality […]

LAUGFS celebrates outstanding 2013/14 at AGM

Posted June 27th, 2014 under News by

The Annual General Meeting (AGM) 2013/14 of LAUGFS Gas PLC was held on 25 June 2014 at the Grand Ballroom, Waters Edge, celebrating a new era of high achievement in the company’s journey of success.The AGM centered on a qualitative 360° coverage of the performance of LAUGFS Gas PLC during the year 2013/14, which has […]

Lucky to get lucky on 7 July with Rs. 300 m

Posted June 25th, 2014 under News by

Lucky Lanka Milk Processing Company Ltd. is planning to raise Rs. 300 million via an Initial Public Offer to be opened on 7 July. It will be offering 38,000,000 ordinary voting shares at a price of Rs. 6 and 24,000,000 ordinary non-voting shares at a price of Rs. 3. The shares will be listed on […]

Business confidence dips in June

Posted June 30th, 2014 under News by

Business magazine LMD says, in its July edition, that “concerns over price levels and taxes are negating a sense of optimism over the economy”.It reports: “The LMD-Nielsen Business Confidence Index (BCI) remains more or less in line with where it was in May, falling by four basis points on a month-on-month basis, to 138 in […]

Commercial Bank joins LankaPay

Posted June 30th, 2014 under News by

Private sector giant adds muscle for Sri Lanka’s largest common ATM network to cross 2,300 outlets Sri Lanka’s largest common ATM network ‘LankaPay’ strengthened its presence island wide with the advent of Commercial Bank of Ceylon on to its platform.Commercial Bank operates Sri Lanka’s single largest ATM network owned by a bank, and through its […]

Rupee tad weaker on importer dollar demand

Posted June 28th, 2014 under News by

REUTERS: The rupee ended slightly weaker on Friday on importer dollar demand, while the Central Bank curbed the fall by moral suasion, dealers said. The rupee ended at Rs. 130.30/35 per dollar, weaker from Thursday’s close of Rs. 130.28/30. It hit a more-than-three-week closing low of Rs. 130.34/38 on Wednesday. “There was demand from importers. […]

Stock market closes at over 1-year high on large-caps, lower rates

Posted June 28th, 2014 under News by

REUTERS: Stocks rose for a fourth straight session on Friday to close at their highest in more than one year, led by large-caps such as Ceylon Tobacco Co PLC amid lower interest rates and continued foreign buying boosting investor sentiment. The main stock index rose 0.56%, or 35.33 points, to close at 6,363.49, its highest […]

Asian shares slip, global bond yields down on growth concerns

Posted June 28th, 2014 under News by

REUTERS: Asian shares were mostly in the red on Friday, weighed down by a weak performance on Wall Street and doubts about the strength of the US economy, which pushed bonds higher. Japan’s benchmark Nikkei fell 1.5% and regional markets, with the exception of Wellington and Mumbai, were posting losses. The MSCI’s dollar-denominated index of […]

Lanka Factory Index strengthens

Posted June 28th, 2014 under News by

Despite cost pressures, Sri Lanka’s manufacturing signalled an expansion in the first quarter, while the country’s global competitiveness ranking moved up by three notches. “The Factory Industry Production Index that stood at 106.4 this January strengthened and by March it increased to 115.9. I am also pleased give the good news that Sri Lanka has […]

Re-elected CCC Chief calls on private sector to build “peace and harmony”

Posted June 27th, 2014 under News by

Ceylon Chamber of Commerce Chairman Suresh Shah, who was re-elected to head the Chamber for a second year during the institution’s 175th AGM, announced that the Chamber was planning to establish a program to help build “peace and harmony” in the country. Addressing the members at the historic AGM held yesterday at the Chamber premises, […]

Vidullanka commissions 4MW Lower Kotmale Oya Mini Hydro Power Project

Posted June 27th, 2014 under News by

Vidullanka PLC, one of the pioneers in the Sri Lanka mini hydro power industry, has commissioned its seventh Mini Hydro Power Project (MHPP) in Kotmale, Nuwara Eliya on 25 June. The Lower Kotmale Oya MHPP is a ‘run of the river’ type mini hydro power project which does not require the erection of a dam […]

Cargills Bank opens on Monday

Posted June 27th, 2014 under News by

The long awaited Cargills Bank will be formally opened on Monday at Colombo 4. The promoters said in a new era of progress they are building new partnerships and renewing the commitment to create sustainable value via Cargills Bank. View article at source Cargills Bank opens on Monday

Assetline to buy Lisvin Investments as part of industry consolidation move

Posted June 27th, 2014 under News by

Taking the first step towards a strong financial sector under the ongoing financial sector consolidation program initiated by the Central Bank of Sri Lanka, Assetline Leasing Company Ltd. has made arrangements to acquire Lisvin Investments Ltd. The agreement is due to be signed before 30 June. Assetline Leasing Company expects to continually improve the quality […]

LAUGFS celebrates outstanding 2013/14 at AGM

Posted June 27th, 2014 under News by

The Annual General Meeting (AGM) 2013/14 of LAUGFS Gas PLC was held on 25 June 2014 at the Grand Ballroom, Waters Edge, celebrating a new era of high achievement in the company’s journey of success.The AGM centered on a qualitative 360° coverage of the performance of LAUGFS Gas PLC during the year 2013/14, which has […]

Lucky to get lucky on 7 July with Rs. 300 m

Posted June 25th, 2014 under News by

Lucky Lanka Milk Processing Company Ltd. is planning to raise Rs. 300 million via an Initial Public Offer to be opened on 7 July. It will be offering 38,000,000 ordinary voting shares at a price of Rs. 6 and 24,000,000 ordinary non-voting shares at a price of Rs. 3. The shares will be listed on […]

NDB makes Rs. 600 per share buy-back offer on NDB Capital

Posted June 25th, 2014 under News by

Parent NDB has announced a share buy-back offer on NDB Capital Holdings Plc (NDBCH) at Rs. 600 each prior to delisting the subsidiary from the Colombo Stock Exchange. NDB owns a 99.62% stake in NDBCH, of which the number of shares in issue is 32.904 million. The total offer is worth Rs. 76 million. NDB […]

SRI LANKA : Weekly Market Insight – 16 May 2014

Posted May 19th, 2014 under Market Reports by

Weekly Journal The broader index was seen surpassing the 6,300 level whilst strong levels of turnover were recorded during the holiday shortened week. The broader market (ASPI) gained 30.3 points WoW to close the week at 6,315.2 (up 0.5% WoW) whilst S&P SL20 closed with a gain of 21.9 points at 3,479.2 (up 0.6% WoW). […]

SRI LANKA : Daily Market Insight – 13 May 2014

Posted May 16th, 2014 under Market Reports by

Daily Trade Journal The All Share Price Index dipped by 18.2 points to close at 6,285.0 points (-0.3%) whilst the S&PSL20 also dipped marginally to close at 3,479.0 points (-0.1%). Total turnover recorded LKR757.9 mn (USD5,803.2k) vs. 12 month average daily turnover of LKR857.7 mn (USD6,567.4k) whilst the volume traded for the day was 37,036.3k […]

SRI LANKA : Daily Market Insight- 09 May 2014

Posted May 12th, 2014 under Market Reports by

Daily Trade Journal Daily Market Insight   The All Share Price Index gained 9 points and settled at 6,284.87 points (+0.15%) while the S&P SL20 index gained 10 points to close at 3,457.26 (+0.3%). The total turnover was LKR7,145 mn (USD54,737.1k) vs. 12-month average daily turnover of LKR854 mn (USD6,543.6k) whilst the volume traded for the […]

SRI LANKA : Daily Market Insight- 08 May 2014

Posted May 12th, 2014 under Market Reports by

Daily Trade Journal   Daily Market Insight The All Share Price Index gained 23.3 points to close at 6,275.7 (+0.4%) whilst the S&P SL20 Index also gained 12.8 points to close at 3,446.8 (+0.4%). The total turnover was LKR935.2 mn (USD7,160.8k) vs. 12-month average daily turnover of LKR828.8 mn (USD6,346.1k) whilst the volume traded for the […]

(Softlogic Equity Research) Indices tickled up amidst strong turnover showcased in Expolanka Holdings…

Posted May 12th, 2014 under Market Reports by

Daily Trade Journal   Market Round-up Indices edged higher during the week amidst heavy turnover recorded by Expolanka Holdings (c.60.0% weekly turnover) on Friday. The broader market (ASPI) leapt 36 points WoW to reach a 11-month high of 6,284.87 (up 0.6% WoW) while S&P SL20 too closed with a gain of 21 points at (up […]

SRI LANKA : Daily Market Insight- 07 May 2014

Posted May 8th, 2014 under Market Reports by

Daily Trade Journal Daily Market Insight The All Share Price Index showcased an upward trend and settled at 6,252.60 points (+0.43%) with a gain of 26 points while S&PSL20 ended higher by 18 points at 3,433.95 (+0.249%). Total turnover denoted at LKR1,006.0 mn (USD7,700.0k) vs. 12 month average daily turnover of LKR827.7 mn (USD6,337.7k) whilst […]

SRI LANKA : Daily Market Insight- 06 May 2014

Posted May 7th, 2014 under Market Reports by

Daily Trade Journal The All Share Price Index dipped 23.3 points to close at 6,226.1 (-0.4%) whilst the S&P SL20 Index also dipped 17.6 points to close at 3,424.1 (-0.5%). The total turnover was LKR1,297.4 mn (USD9,934.2k) vs. 12-month average daily turnover of LKR830.1 mn (USD6,356.0k) whilst the volume traded for the day was 62,860.2k against […]

SRI LANKA : Daily Market Insight- 05 May 2014

Posted May 6th, 2014 under Market Reports by

Daily Trade Journal   Today’s Feature External Sector strengthened with the trade deficit narrowing 20.7% YoY during February Export earnings grew 5.4% YoY to USD841 mn chiefly driven by agricultural exports growth of 15.3% YoY backed by tea and coconut export earnings growth of 11.7% YoY and 60.3% YoY respectively.  Import expenditure dipped 6.2% YoY […]

‘‘ASPI spiked up 80 points WoW crossing the 6,200 mark…”

Posted May 5th, 2014 under Market Reports by

Weekly Message:     Indices denoted a gradual uptrend during the week as the ASPI advanced 80 points WoW to 6,248.44, crossing the 6,200 mark on Wednesday. Interest extended in BFI sector players as large banks; COMB, HNB and SAMP gathered interest. DFCC Bank and National Development Bank traded at 52-week high levels spurred by […]

“Indices spiked up; local dominance on the rise…”

Posted May 5th, 2014 under Market Reports by

Daily Trade Journal – CSE Diary for 02.05.2014                                                                                                          The All Share Price Index gained 24.8 points to close at 6,248.4 (+0.4%) whilst the S&P SL20 Index also gained 17.6 points to close at 3,435.8 (+0.5%). The total turnover was LKR1,313.7 mn (USD10,059.0k) vs. 12-month average daily turnover of LKR827.9 mn (USD6,339.2k) whilst the […]

“ASPI crossed 6,200 backed by robust turnover…”

Posted May 2nd, 2014 under Market Reports by

Daily Trade Journal – CSE Diary for 30.04.2014                                                                                                          ASPI crossed 6,200; turnover : Indices depicted a gradual uptrend as the ASPI touched 6,229.66 points at its intra-day high before closing at 6,223.67 (+37 points) amidst turnover level crossing LKR1.2 bn. S&P SL20 players; Ceylon Tobacco Company (+3.2%) and Lion Brewery (+7.1%) along […]

“BFI sector underscored turnover amidst consolidation of indices…”

Posted April 29th, 2014 under Market Reports by

Daily Trade Journal – CSE Diary for 28.04.2014     Indices consolidated: Indices denoted some consolidation as the benchmark index spiked up 23 points during mid-trading however trimmed gains towards the latter session settling broadly flat at 6,171.94. Turnover level denoted lower than average in the absence of crossings. Gains made in S&P players; CT […]

‘‘ASPI consolidated; investors resorting to wait and see approach…”

Posted April 29th, 2014 under Market Reports by

Weekly Message:   Bourse halted the rally during the week amidst some profit taking by investors. ASPI settled at 6,167.81 with a marginal dip of 13 points WoW. Interest was prominent in BFI sector where COMB, HNB, SAMP and GSF gathered prominence while the latter two counters showcased strong rallies during the week. RCL JKH […]

SRI LANKA : SAMPATH BANK (SAMP.SL; LKR191.90) – Earnings grew by 21% YoY in 1Q14….

Posted May 19th, 2014 under Analysts View by

Daily Trade Journal Impairment reversal against the pawning portfolio led to a 2.5x reduction in impairment charges in 1Q14. A pawning impairment reversal of LKR814.8 mn saw collective impairment reduce to c. 3.5x in 1Q14. Individual impairment rose near threefold to LKR296.4 mn in 1Q14. However bank managed to record an overall impairment reversal of […]

SRI LANKA : COMMERCIAL BANK (COMB.SL; LKR129.00 COMB.X.SL;LKR98.40) – Net earnings up 2% YoY in 1Q2014…

Posted May 19th, 2014 under Analysts View by

Daily Trade Journal Net interest income up 17% YoY to LKR6,575.4 mn. COMB managed to increase interest income by 5.3% YoY to LKR15,246.4 mn in 1Q14 despite the lower credit demand (-0.2% QoQ). Bank was able to increase its fixed income earnings assets (mainly treasury bills and bonds) during the quarter under review which enable […]

SRI LANKA : CEYLON TOBACCO (CTC.SL; LKR1,080.00) – Net earnings up 38% YoY in 1Q2014…

Posted May 19th, 2014 under Analysts View by

Daily Trade Journal CTC’s gross revenue grew 7.3% YoY to LKR21.2 bn in 1Q2014 driven by the two excise led price revisions in April and July 2013 of LKR1.00 and LKR4.00 (in the higher categories) respectively. The price increases across the board led to a c.15% YoY average price rise for the quarter. However overall […]

Posted May 12th, 2014 under Analysts View by

Principal shareholders of EXPO, Mr. Osman Kassim, Mr. Satter Cassim, Mr. Shafik Cassim, Mr. Farook Cassim and Hanif Yusoof collectively disposed a stake of 30% for a consideration of LKR6,275.2 mn to S.G. Holdings which is the parent of Sagawa Group. Subsequent to the acquisition of 30% stake S.G. Holdings will make mandatory offer. Hanif […]

Posted May 12th, 2014 under Analysts View by

Net interest income (NII) up 22.4% YoY in 1Q14. NTB’s NII was up 22.4% YoY to LKR2,081.9 mn during 1Q14 mainly due to the 13.8% YoY decline in interest expense to LKR2,289.1 mn which was resultant of NTB’s continuous effort to increase in the low cost deposit mix amidst declining interest rates. In addition bank […]

[COMB Voting: LKR114.0] BUY [COMB Non-Voting: LKR95.5]

Posted April 1st, 2014 under Analysts View by

Commercial Bank   Commercial Bank, the largest private sector licensed commercial bank which reflects high level of liquidity in the market, is likely to record a healthy earnings CAGR of 10.7% in 2014E-16E backed by expansion in the lending portfolio (especially in the SME sector) in high yielding assets and likely decline in the impairment […]

[TKYO.N: LKR32.6, TKYO.X: LKR27.6]

Posted April 1st, 2014 under Analysts View by

Tokyo Cement Company   We initiate a BUY on Tokyo Cement based on sustained profitability driven by a 7% volume CAGR over FY13-FY16E supported by demand growth and its 1 mn MT capacity addition to be commissioned by mid FY15E via its USD50 mn BOI project and attractive valuations. The Voting share offers a one […]

[NDB: LKR184.0]

Posted April 1st, 2014 under Analysts View by

National Development Bank   “Earnings dipped significantly due to the absence of capital gains during the quarter and notable impairment charged on few selected loans.” NDB recorded net earnings of LKR445.3 mn in 4Q2013, a significant decline cf. to the comparative quarter net earnings of LKR6.9bn. Nevertheless, excluding the LKR5.9 capital gain component resultant with […]

“JKH earnings to remain flat on lower interest income and segmental profits”

Posted March 27th, 2014 under Analysts View by

John Keells Holdings - [JKH: LKR218.0]   John Keells Holdings, Sri Lanka’s premier conglomerate is likely to record a declining trend in earnings (Cagr of -3% FY14E-16E) as the group prepares to take on its largest investment project during FY15E. Amidst lower income from interest income and lack of any major land and property project coupled […]

IPO– LKR14.0 – SUBSCRIBE

Posted March 27th, 2014 under Analysts View by

Alumex Limited “Volume driven growth” Profile   Alumex is a subsidiary of the diversified conglomerate; Hayleys PLC engaged in manufacturing Aluminium extrusions in Sri Lanka under the brand name “Alumex” with a market share of 50%. The Alumex Group was incorporated in 1986 and commenced commercial operations in the aluminium business in 1988 via Alumex […]

Softlogic Holdings

Posted March 27th, 2014 under Analysts View by

[SHL: LKR9.8]   Softlogic Holdings, one of SL’s most aggressive conglomerates, is likely to grow Earnings to LKR1 bn in FY16E, CAGR of 59% FY13-16E primarily led by its retail sector expansion amidst growing consumer demand, steady healthcare sector and turnaround in the finance sector. The cascading finance cost consequent to reduced interest rates and […]

[LIOC: LKR38.9] – CAUTIOUSLY ACCUMULATE

Posted February 18th, 2014 under Analysts View by

Lanka IOC      Revenue grew 25% YoY supported by 8% volume growth during 3QFY14: The quarter denoted a steady revenue growth of 25% YoY to LKR21.3 bn and 8% YoY to LKR60.5 bn during 1-3QFY14 supported by increase in petrol price and volume growth of 8%. GP margin expanded 300 bps YoY to 10% during 3QFY14 […]

[TJL: LKR16.4] BUY

Posted January 30th, 2014 under Analysts View by

Textured Jersey Lanka We maintain a BUY on TJL based on robust profit growth backed by the commissioning of its multi fuel boiler during 2QFY15E and steady volume growth fuelled by its 10-12% capacity expansion to be completed during FY14E. TJL underscores strong valuations offering a one year total return of 32%  based on a […]

Sri Lanka’s External Stability: Foreign Debt and Export Earnings

Posted May 14th, 2013 under Research & Views by

Sri Lanka has been witnessing a persistent weakening of its export capacity, with the exports to GDP ratio falling to a low of 16.4 per cent in 2012, and a declining share of the global export market. In 2012, earnings from exports contracted by 7.4 per cent, and have continued to contract by 8.1 per […]

Market Direction – 15.01.2013

Posted January 16th, 2013 under Research & Views by

Market has seen the second consecutive negative year after the bubble burst in 2011. In 2011 ASPI dropped by 22% from all-time peak in February to year end and in 2012 the market drop has been more moderate with a drop of 7.1% albeit a considerable drop in a year where global markets have performed […]

Budget Review 2013 – Bartleet Religare Securities

Posted November 9th, 2012 under Research & Views by

        The budget proposals for 2013 continued to be welfare-oriented and forecasted an ambitious 5.8% deficit (down from a forecasted 6.2% in 2012). The total proposed revenue for the year 2013 amounts to LKR 1,278bn while expenditure amounts to LKR 1,785bn, of which LKR 1,267bn is accounted as recurring. Overall, the 2013 […]

Budget Review 2013

Posted November 9th, 2012 under Research & Views by

In line with the incumbent governments five year development agenda under the “five hub concept”, the budget proposals for the years 2011 and 2012 were unveiled and were hailed as “pro investor/ pro consumer” budgets. Expenditure on large scale development projects, simplification of the existing tax structure, and promotion of import substitution activities comprised the […]

Chevron Lubricants Lanka PLC : BUY

Posted October 17th, 2012 under Research & Views by

Chevron Lubricants Lanka PLC (a subsidiary of the global giant Chevron Corporation [CVX: US]), the market leader in the Sri Lankan lubricant industry, has come through a journey against plenty of challenges and has remained steady amidst a strong competition. Top-line has improved at a CAGR of 13% after the dip in 2009 and the […]

KEY DATA

Posted September 8th, 2012 under Research & Views by

  View article at source KEY DATA

MICRO TRENDS

Posted September 8th, 2012 under Research & Views by

  View article at source MICRO TRENDS

THE BOURSE

Posted September 8th, 2012 under Research & Views by

  STOCK PICKING IN TOUGH TIMES Hasitha Premaratne lays out a prudent strategy to invest in the stock market at a time of bearish sentiment – as has been the case for most of this year The market fell 21 points in July and a further 90 points in early August, as average daily turnover […]

THE ECONOMY

Posted September 8th, 2012 under Research & Views by

  Investor Sentiment Bound to Improve in the Future Samantha Amerasinghe sees a bright light at the end of the dark tunnel Due to elevated inflation pressures, Sri Lanka is not able to reduce interest rates, unlike its regional counterparts. Headline inflation, at 9.8 per cent year-on-year (y-o-y) in July (up from 9.3 per cent y-o-y in June) is […]

BUSINESS SENTIMENT

Posted September 8th, 2012 under Research & Views by

Confidence in Positive Territory The upbeat sentiment endures as the distinctive indicator of biz confidence advances for a second consecutive month The sheer resilience of local business, in spite of the many curveballs thrown its way – be it in the form of abrupt policy amendments or a worsening global economic scenario – is indeed […]

MICROCOSM

Posted September 8th, 2012 under Research & Views by

  View article at source MICROCOSM

Death to SEC Governance

Posted September 2nd, 2012 under Research & Views by

For a start I would like to congratulate you on your very powerful editorial last Sunday. The recent resignation of Thilak Karunaratne and the appointment of Nalaka Godahewa as the new SEC Chairman is a blow for good governance. Nalaka Godahewa is a qualified professional and therefore he has technical knowledge to be in the […]

Myths, lies and damn lies about the stock market

Posted August 19th, 2012 under Research & Views by

Few things seem to bother ordinary citizens than the prospective returns from the local share market. Many have dabbled in stocks with the mistaken belief that one can turn a quick Rupee. My sabbatical over the last three months from these pages have alowed for various questions on the topic dominate my inbox. Here in […]

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