The George Keyt Foundation … promoter of art and artists !

Kala Pola 2016 on Sunday 31st January in Colombo By Arun Dias Bandaranaike, Trustee, George Keyt Foundation The George Keyt Foundation focuses on the artistic talent of creative people in Sri Lanka. What is special or unusual about the intention and purpose of this collective is in the effort made every year and on several…

(0)Comments | January 21, 2016 1:05 pm

SriLankan Airlines bids goodbye to its Airbus A340s after 21 years

SriLankan Airlines, the first Asian airline to operate the four-engine Airbus A340 aircraft, will bid goodbye to the last of its A340s after more than two decades in service, with a final commercial flight today, (January 7, 2016). SriLankan introduced the A340 on 1st September 1994, at the time when it was the most sophisticated…

(0)Comments | January 7, 2016 5:05 pm

Market Review – 05th Jan 2016

Colombo bourse continued its negative trend for the second consecutive day of the New Year. Investor participation was on the low side, while Dialog Axiata, being an exception, contributed to 60% of the daily market turnover. Benchmark index closed at 6,845.30, a decline of -22.32 index points or -0.33%, while the S&P SL20 index shed…

(0)Comments | January 5, 2016 9:17 pm

Market Review – 04th Jan 2016

Colombo bourse started the new year with negative returns on Monday as the Benchmark index shed 26.88 index points or 0.39% to end at 6,867.62 while 20-scrip S&P SL index declined by 0.74% (26.81 index points) to close at 3,598.88. Today’s decline was led by high caps namely Aitken Spence (closed at LKR 93.50, -3.3%),…

(0)Comments | January 5, 2016 7:45 am

Export of Lankan Women for Domestic Work – “A thing to be ashamed of”

Ajith Wattuhewa the President of the Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) The practice of sending Sri Lankan women to work as domestic hands in foreign countries began three decades back mainly as a temporary solution to the rising unemployment issue in the country. However, the practice has grown exponentially…

(0)Comments | January 1, 2016 12:03 pm

Market Review – 31st Dec 2015

Colombo bourse concluded the year’s activity on an optimistic note despite the thin market activity which continued for the seventh consecutive day. Benchmark index declined to 6,843 mark but regained to close at 6,894.50, with a gain of 0.35% or 23.87 index points while 20-scrip S&P SL index gained 20.62 index points or 0.57% to…

(0)Comments | January 1, 2016 12:26 am

Market Review – 30th Dec 2015

Colombo stock market concluded another dull session on Wednesday ahead of the last monetary policy review of the year. Main index bagged 22.89 index points (+0.33%) to end at 6,870.63 while S&P SL20 index gained 7.42 index points or 0.21% to close at 3,605.07 despite the increase in treasury yield for the fourth consecutive week….

(0)Comments | December 30, 2015 11:50 am

Market Review – 29th Dec 2015

Colombo bourse drifted up in thin, choppy trade on Tuesday marking another lackluster trading session. The market remained largely inactive with turnover failing to exceed LKR 400mn in the last five sessions as the investors refrain from taking large positions at the year-end amid the mixed outlook for 2016. ASI gained 19.23 index points (+0.3%)…

(0)Comments | December 29, 2015 6:15 pm

Mileage low due to disconnected road network in Sri Lanka

How do used cars fare by mileage in Sri Lanka? Carmudi analysed thousands of its car listings from various Sri Lankan cities to find out. The research team gathered and compared averages of mileage based on brand, fuel type, as well as age, with cars ranging from two to five years old. The average mileage…

(0)Comments | December 28, 2015 10:09 am

GICS for Colombo Bourse

The Colombo Stock Exchange (CSE) adopts Global Industry Classification Standard (GICS) to classify its listed companies. This was officially launched at the ceremony held on December 02, 2015 to mark the 30th anniversary of the CSE. Why sector classifications matter? You may have heard investment advisors and other investment ‘gurus’ saying you should diversify your…

(0)Comments | December 11, 2015 12:09 am