manusath-derana

Top News

Toyota posts 19% rise in full year net profits

Japan’s biggest car manufacturer, Toyota, has posted a year-on-year 19% rise in net income for the 12 months to March, beating expectations. The result comes from stronger sales in the US, together with a weaker yen. The firm said net income increased from 2.1733 trillion Japanese yen ($18.1bn; £11.7bn), up from 1.8231tn yen a year…

(0)Comments | May 11, 2015 10:00 am

China Gets Spurned in Sri Lanka

To woo the island nation of Sri Lanka, China lent more than $200 million to fund a new airport built by then-President Mahinda Rajapaksa near his hometown. It wasn’t one of the Chinese government’s better investments. Mattala Rajapaksa International Airport opened in 2013, but two years later there is only one scheduled daily flight, on…

(0)Comments | May 9, 2015 1:10 pm

Currency swap with India inflates Sri Lanka’s reserves

Following the recent USD 400 million currency swap facility provided by India, Sri Lanka’s foreign reserves which stood at USD 6.8 billion during last March has increased to USD 7.4 billion by last April, indicates latest data from the Central Bank of Sri Lanka (CBSL). The CBSL has said that hence, Sri Lanka’s foreign reserves…

(0)Comments | May 8, 2015 5:00 pm

Colombo stocks wrap weekly operations on negative note

Colombo stock market wrapped the weekly operations on a negative note where both counters shed marginal returns. Bourse swung between gains and losses where main index crossed 7,228 mark in the opening hours. All share index marginally declined by 0.43 index points or 0.01% to end at 7,212.47 while 20-scrip S&P SL index shed 0.92…

(0)Comments | May 8, 2015 4:50 pm

First International hotel to debut in Kandy for over 20 years

ONYX Hospitality Group has unveiled its second OZO property in the popular leisure destination of Kandy. OZO Kandy is located just minutes from the town centre and offers uninterrupted vistas of Kandy Lake and the surrounding hills, including Knuckle Mountain. The last international hotel brand to enter Kandy was in 1981 and since then the…

(0)Comments | May 8, 2015 3:41 pm

Tudawe Brothers gets Lee Hedges Investments contract for Mixed Development Project at Kollupitiya

Lee Hedges Investments Ltd, a subsidiary of Lee Hedges PLC has entered into an agreement with Tudawe Brothers (Private) Limited to award it the contract of constructing the proposed multi-storied Mixed Development Project at No. 349, Galle Road, Colombo 3 at a contract cost of over Rs. 978 million. Below are the details of the…

(0)Comments | May 8, 2015 3:36 pm

Singer (Sri Lanka) to buy Regnis (Lanka) and Singer Industries (Ceylon) stakes

Following a review of the management structure of the overall operations of Singer Asia Limited, Singer (Sri Lanka) BV which is the parent company of Regnis (Lanka) PLC, Singer Industries (Ceylon) PLC and Singer (Sri Lanka) PLC, has offered to sell its controlling interest in Regnis (Lanka) PLC and Singer Industries (Ceylon) PLC to Singer…

(0)Comments | May 7, 2015 7:56 pm

Colombo bourse between gains and losses

Colombo bourse swung between gains and losses on Thursday and close in positive territory amid the further decline in Treasury bills in yesterday’s auction. The benchmark All Share Price index advanced 20.61 points or 0.29% to end at 7,212.90 while S&P SL 20 index marginally gained 0.56 points (+0.01%) to end at 4,059.54. The gains…

(0)Comments | May 7, 2015 5:49 pm

Emirates Group Announces 27th Consecutive Year of Profit

The Emirates Group today announced its 27th consecutive year of profit and steady growth across the company, ending the year in a strong position despite the many global and operational challenges during this period. The financial year ending 31 March 2015 also marked the achievement of new capacity milestones at both Emirates and dnata, as…

(0)Comments | May 7, 2015 5:38 pm

Peruvian Stock Exchange goes live with Sri Lanka’s MillenniumIT trading technology

MillenniumIT, the provider of ultra-low latency, flexible and scalable capital markets solutions, and part of London Stock Exchange Group, today announced that Bolsa de Valores de Lima (BVL), the Peruvian stock exchange, has gone live with the MillenniumIT technology solution. The BVL exchange has replaced its legacy trading technology infrastructure with the multi-asset trading platform…

(0)Comments | May 7, 2015 1:08 pm