Breaking News Business News CSE Info Daily FT Daily Mirror LBO NEWS360

Market Pre-Open

Top 10 Stocks Search

Daily FT

  • Govt. passes new laws restricting sale of land to foreigners
    Mon, 20 Oct 2014 19:57:48 +0000 -  Two separate regulations for freehold and leasehold transactions By Ashwin Hemmathagama Our Lobby Correspondent New laws were passed yesterday in Parliament making necessary provisions to stipulate restrictions on the sale of land to foreigners. The new regulations cover foreign companies and certain institutions with majority foreign shareholdings subjected to certain exemptions. According to the Government, [...]
  • Monetary policy on even keel
    Mon, 20 Oct 2014 19:54:15 +0000 -  CB insists price cuts and possible Budget handouts will not impact monetary policy  Insists easing of policy beneficial to credit growth, wants medium term rate at 6%  Inflation to remain low, industry andservices credit growth at 12%-13% By Uditha Jayasinghe Just days ahead of Budget 2015 the Central Bank yesterday downplayed its effect on monetary [...]
  • Daily FT-Colombo Uni MBAA’s popular Budget Forum on 28 Oct.
    Mon, 20 Oct 2014 19:50:47 +0000 - The popular post-Budget forum organised by the Daily FT and the Colombo University MBA Alumni Association will be held on Tuesday 28 October from 3 p.m. to 5:30 p.m. at the Galadari Hotel Ballroom. Secretary to the Ministry of Finance and Planning Dr. P.B. Jayasundera will be the Chief Guest and in his keynote will [...]
  • Stocks end lower; Budget, earnings awaited
    Mon, 20 Oct 2014 19:49:50 +0000 - Reuters: Stocks fell for the third session on Monday in moderate volume, led by profit-taking in blue-chips as investors awaited cues from the 2015 Budget and the September quarter earnings amid speculations over an early election. Sri Lanka’s main stock index fell 0.29%, or 21.02 points, to 7,213.45, its lowest since 14 October. “It’s profit-taking, [...]
  • Sri Lanka has to play to its strengths: Kuoni UK Chief
    Mon, 20 Oct 2014 19:47:38 +0000 - By Shabiya Ali Ahlam The largest wholesale tour operator in the UK has commended the post-war tourism infrastructure progress, but emphasised Sri Lanka needs to play to its strength to increase the flow. Kuoni Managing Director UK Derek Jones who was in Colombo recently, in an exclusive interview with the Daily FT, said: “Sri Lanka [...]
  • Ceylon Chamber to conduct seminar on Budget
    Mon, 20 Oct 2014 19:45:53 +0000 - The Ceylon Chamber of Commerce will hold a post-Budget seminar at the end of this month to discuss the 2015 National Budget, which will be presented in Parliament on 24 October. As is customary each year, the Chamber will line up top Government officials, senior tax consultants and corporate executives as panellists to brief private [...]
  • French-Sri Lankan Conference on Higher Education
    Mon, 20 Oct 2014 19:37:45 +0000 - The French-Sri Lankan Conference on Higher Education was inaugurated jointly at the Kingsbury Hotel in Colombo by Jean-Paul Monchau, Ambassador of France to Sri Lanka and the Maldives and S.B. Dissanayake, Minister of Higher Education.               Addressing participating institutions and other distinguished guests, Chief Guest Minister Dissanayake congratulated the [...]
  • AmCham appoints new President, Board of Directors for 2014/2015
    Mon, 20 Oct 2014 19:30:58 +0000 - The 22nd Annual General Meeting of the American Chamber of Commerce in Sri Lanka (AmCham) was held on 29 September at the Hilton Colombo Residencies. The new Board of Directors was appointed for the year 2014/2015. Asanka Ratnayake, the newly-elected President, is currently serving as a Group Director at Hayleys Advantis Ltd., the Logistics and [...]
  • Watawala Plantation’s vocational training centre wins Asian CSR Award 2014
    Mon, 20 Oct 2014 19:29:41 +0000 - Watawala Plantations PLC, a member of the Sunshine Group, continued its award winning trend by adding yet another to their cache, with the Asian CSR Leadership award 2014 under the category ‘Promoting employment for the physically challenged’.                             The plantation company’s submission [...]
  • LAUGFS says it is now complete energy solutions specialist
    Mon, 20 Oct 2014 19:28:38 +0000 - LAUGFS Gas said that it has graduated to the point of providing a ‘total one-stop energy solution’ for large-scale industries, hotels and restaurants looking for an efficient and environmentally-friendly energy source.                     Through a team of LPG specialists with a complete understanding of consumer requirements, the [...]
  • CEB bills payments via Mobitel’s mCash
    Mon, 20 Oct 2014 19:27:27 +0000 - The national mobile service provider Mobitel, via the mCash service recently entered into a new partnership with the Ceylon Electricity Board (CEB) to allow its customers the convenience of paying their CEB bills through their mobile phones. Mobitel customers could settle their CEB bills through mCash by a simple press of a keypad. Customers could [...]
  • Mangala Yapa steps down as President, NCE
    Mon, 20 Oct 2014 19:25:55 +0000 - Mangala Yapa, President of the National Chamber of Exporters of Sri Lanka (NCE), stepped down from the position of President on 30 September to assume duties as the Secretary General/CEO of the Ceylon Chamber of Commerce w.e.f. 1 October 2014. Yapa, who is an engineer by profession, was the Managing Director of Colombo Dockyard Ltd., [...]
  • Time to invest in real estate
    Mon, 20 Oct 2014 19:20:30 +0000 - Sri Lanka’s economy is growing steadily and recorded a GDP of 7.8% p.a. at the end of the second quarter this year. An improving external environment, higher investments, and a recovery in domestic consumption all indicate even better prospects for the country; while also signaling growth of individual disposable income, especially within the expanding affluent [...]
  • Regus introduces benefits for collaborative workspaces
    Mon, 20 Oct 2014 19:17:33 +0000 - 89% of firms think collaborative workplaces are value for money Across the world, businesses agree that collaborative workspaces are good value, breed efficiency and inspire innovation and entrepreneurial activity; so more and more businesses globally are choosing collaborative work environments to provide their staff with top-class locations in a more cost effective and flexible way. [...]
  • Dwellings Group, Australian property investment for Sri Lankan investors
    Mon, 20 Oct 2014 19:15:04 +0000 - The need for landlords, landowners and property investors to generate maximum returns from their assets is becoming increasingly important, and property investment advice is invaluable to attain this. Dwellings Group property investment services cover all areas in Australia and asset types from large scale residential buildings and units to houses in booming outer suburbs.       [...]
  • Amana Asset sets up Corporate Real Estate Services Unit
    Mon, 20 Oct 2014 19:12:59 +0000 - Amana Asset Management Ltd. announced the launch of its Corporate Real Estate Services Unit, the latest addition to its portfolio of real estate services, recently. The unit had been providing for real estate needs of busy corporates, institutions and expats in securing, managing and liquidating real estate assets in the medium to long term. “We [...]
  • Altair targets Australian market
    Mon, 20 Oct 2014 19:11:49 +0000 -           Altair, the iconic twin-tower high-rise luxury condominium development that will dramatically transform Colombo’s skyline over the next three years, recently extended its marketing efforts to the large Sri Lankan community in Australia at two events in Melbourne. The first was a presentation on the 400-apartment development to a representative group [...]
  • Govt. foisting Tiger labels on UNP to serve election agenda: Karu
    Mon, 20 Oct 2014 19:07:43 +0000 - Senior politician accuses regime of nursing and nurturing brutal LTTE members Calls allegations against UNP Leader ‘outright lies’ The United National Party has hit out against allegations by the Government that the main opposition party had been involved in a recent court ruling lifting sanctions against the LTTE in the European Union, calling it petty [...]
  • Troubled waters
    Mon, 20 Oct 2014 19:04:21 +0000 -                           A tense situation developed when over 500 fishermen gathered outside the Fisheries and Aquatic Resources Ministry yesterday to protest over a range of issues including distributing of fisheries equipment and the Ministry’s failure to stop fishing in Sri Lankan waters by Chinese [...]
  • Divi Neguma phase six launched
    Mon, 20 Oct 2014 19:02:46 +0000 - Phase six of the Divi Neguma National Program commenced under President Rajapaksa’s guidance yesterday. Parallel to the event 56,088 ceremonies were held island-wide with the participation of nearly 200,000 people. At these functions 2.5 million packages of seeds and 1.26 million vegetable plants were distributed to strengthen 2.5 household economic units in the country. Divi [...]
  • Sri Lanka’s malaria elimination efforts a “spectacular achievement”
    Mon, 20 Oct 2014 19:02:11 +0000 - Sri Lanka has remained free of malaria for two years – an accomplishment the Global Health Group (GHG) describes as a “spectacular achievement”. During a meeting with President Mahinda Rajapaksa at Temple Trees recently, Dr. Richard Feachem, who is the Director of GHG of the University of California San Francisco and the Chair of the [...]
  • Former IGP new Law, Order Secretary
    Mon, 20 Oct 2014 19:01:29 +0000 - Former IGP Mahinda Balasuriya has been appointed as the new Secretary to the Ministry of Law and Order, replacing Major General (Retd) Nanda Mallawaarachchi for the post. Appointed as IGP in November 2009, Balasuriya had resigned from his post in June 2011 and was later posted overseas as an Ambassador. Balasuriya had retired as IGP [...]
  • International drug racket busted in Delhi
    Mon, 20 Oct 2014 19:01:01 +0000 - With the arrest of three persons, including two Sri Lankans, the Delhi Police Special Cell claimed to have busted an international drug syndicate operating from Chennai which supplied heroin to Sri Lanka by concealing it in processed food tin cans. In a joint operation with the Chennai Police, the Delhi Police Special Cell also seized [...]
  • Opposition-led workers’ protests today
    Mon, 20 Oct 2014 19:00:02 +0000 - Opposition political parties have planned to summon more than 100,000 workers to Colombo today. The collective of Government, semi-Government and private sector trade unions is to stage a massive demonstration on 21 October in front of the Fort Railway Station in Colombo to make 17 demands including a Rs. 10,000 salary increase from the Government. [...]
  • Five suspects surrender over attack
    Mon, 20 Oct 2014 18:59:34 +0000 - Five suspects allegedly involved in the attack on a group of Sabaragamuwa University students recently surrendered to the Police yesterday, the Police Media Unit said. They were later produced before a magistrate and remanded till next week. The students who were staging a protest came under attack by men with poles and sharp objects late [...]
  • Sri Lanka to host next Test series against India: Ranatunga
    Mon, 20 Oct 2014 18:52:15 +0000 - Cricinfo:  Sri Lanka, who were supposed to tour India for three Tests in August 2015, will now host the series, according to SLC secretary Nishantha Ranatunga. The decision has come in the wake of Sri Lanka agreeing to plug the gap in India’s home calendar after West Indies’ pullout. “As we are obliging India with [...]
  • Etisalat joins Mobitel mCash
    Mon, 20 Oct 2014 18:45:39 +0000 -             Etisalat Lanka recently signed up with mCash, Mobitel’s mobile money platform, signifying the addition of the second m-commerce platform to its portfolio of mobile transaction services this year. Using the mCash platform, Etisalat subscribers can seamlessly pay Etisalat bills and top-up airtime free of charge at any Mobitel mCash [...]
  • DSL takes over TVS Auto Parts
    Mon, 20 Oct 2014 18:45:19 +0000 - Sri Lanka’s leader in Auto Parts, Douglas & Sons Ltd. (DSL) announced that it has acquired TVS Auto Parts Ltd. The acquisition will facilitate better service provision for the needs of motorists, especially consumers of Indian-manufactured vehicles in Sri Lanka.             DSL Group of Companies Chairman/Managing Director Saroj Perera and [...]
  • FBI warns US businesses of cyber attacks, blames Beijing
    Mon, 20 Oct 2014 18:45:07 +0000 - Reuters: The U.S. Federal Bureau of Investigation said on Wednesday that hackers it believes to be backed by the Chinese government have recently launched attacks on U.S. companies. The “flash” warning to businesses described tools and techniques used by the hackers and asked companies to contact federal authorities if they believe they are the victims [...]
  • Text the flight path of SriLankan’s new A330 and win exciting prizes
    Mon, 20 Oct 2014 18:42:55 +0000 - When SriLankan Airlines welcomes the first of its six all new A330-300 aircraft on 31 October, proud Sri Lankan citizens will have the chance of becoming part of that memorable journey.                               All they to do is to listen to the [...]

Comments are closed.

Stock Profit / Loss Calculator

Buy Rs: No of Shares Day Trade
Sell Rs: