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…
The deadline to settle the ‘Super Gains Tax’ introduced by the earlier interim government’s budget ends today (31 December, 2015). This tax was payable in three installments before this deadline. The first installment was payable on or before 31 October 2015, the second on or before 30 November 2015 and the third on or before…
Lanka Walltiles PLC and Lanka Tiles PLC, the pioneers in wall and floor tile manufacturing in Sri Lanka, have been committed to the well-being of the environment in order to preserve its beauty. In an effort to go beyond its endeavors to not only control and maintain, but also to continually improve the surrounding environment…
TDAP secretary says exhibition will identify women entrepreneurs having adequate production capacities and provide them with exposure In an effort to encourage and help the women of Pakistan, the Trade and Development Authority of Pakistan (TDAP) is taking a single country exhibition to Sri Lanka on January 15, 2016 where a large number of stalls…
Sri Lanka is a country with a discreetly ageing population because of an increase in life expectancy and a decrease in birth rates. The demographic transition that is taking place is expected to result in the old and young representing a lopsided share of the population. According to the Department of Census and Statistics (DCS),…
The year-on-year growth of broad money (M2b) continued to expand at a high rate of 17.0 per cent in October 2015 compared to 16.0 per cent recorded in the previous month, driven by the expansion of credit extended to both private and public sectors by the banking system. Amongst contributory factors, credit granted to the…
Holcim (Lanka) Ltd, the only green cement manufacturer in Sri Lanka continued their renowned and popular animal rescue programme for a 7th consecutive year, in partnership with the International Union of the Conservation of Nature (IUCN) at the Puttalam quarry site. Maintaining its commitment to the conservation of the environment as part of the global…
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….
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%)…
RIYADH, Saudi Arabia (AP) — Saudi Arabia on Monday said this year’s budget deficit amounted to $98 billion (367 billion riyals) as lower oil prices cut into the government’s main source of revenue, prompting the kingdom to scale back spending for the coming year and hike up petrol prices. A royal decree announced that petrol…
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