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‘Manusath Derana’ honoured with Best Sustainability Project Awards 2014 Merit Certificate

The ‘Manusath Derana’ humanitarian project by Derana Powerhouse Ltd media channel was awarded a Merit Certificate at the Best Corporate Citizen Sustainability Awards 2014 held for the 11th consecutive year by Sri Lanka’s oldest and largest commercial entity the Sri Lanka Chamber of Commerce. ‘Manusath Derana’ which is active with humanity in the forefront was…

(0)Comments | November 26, 2014 11:30 pm

Stock Market Review – 26th Nov 2014

Colombo stocks closed on 4 week low on Wednesday amid tense political situation. Main index shed 59.64 index points or 0.82% to close at 7,179.72 while 20-scrip S&P SL index dropped by 21.02 index points or 0.52% to end at 4,024.70. Today’s losses were mainly driven by counters such as John Keells Holdings (closed at…

(0)Comments | November 26, 2014 5:47 pm

Fitch Rates Siyapatha Finance’s Subordinated Debt Final ‘A-(lka)’

Fitch Ratings Lanka has assigned Siyapatha Finance Ltd’s (SLFL; A(lka)/Stable) proposed subordinated redeemable debentures of up to LKR1bn a final National Long-Term Rating of ‘A-(lka)’. The assignment of the final rating follows the receipt of final documents that conform to information previously received. The final rating is at the same level as the expected rating…

(0)Comments | November 26, 2014 5:38 pm

Why this whisky costs $38,000 a bottle

In 1963, whisky makers at a distillery in Scotland filled up a cask and sealed it with the knowledge it would not be opened again for 50 years. Its contents have been watched over for the last half century by David Stewart, a highly respected whisky master for Scotland’s Balvenie distillery. The cask was recently…

(0)Comments | November 26, 2014 11:31 am

Stock Market Review – 25th Nov 2014

Colombo equities closed almost unchanged on Tuesday with early gains after two days of heavy losses were wiped out in the afternoon session. ASI advanced by 95.25 index points to reach 7,330.50 within minutes of the market’s opening but selling pressure gradually increased thereafter and the index dropped to 7,239.36. Core index slightly bagged 4.11…

(0)Comments | November 25, 2014 5:28 pm

Are our regulatory laws adequate? Exchange Commission chief responds -Video Interview

Ada Derana 24×7 News Channel’s BIZ 24×7 held a special interview with Securities & Exchange Commission head Dr. Nalaka Godahewa over the current stock market trends including the regulation of Sri Lanka’s Stock and Capital Markets.

(0)Comments | November 25, 2014 5:20 pm

EDB in global apparel breakthrough

For the first time in Sri Lanka’s apparel history, the EDB, Lanka’s apex export facilitator, has directly linked top Lankan apparel suppliers with the world’s largest textile retailer, Spain’s ZARA on 29 October-and the facilitator EDB is stepping up its support for apparel market diversification. “Though Lankan apparel sector caters to many international brands, we…

(0)Comments | November 25, 2014 5:05 pm

FedEx launches first all electric delivery vehicle in Sri Lanka

With sustainable business practices in mind a significant initiative towards adopting eco-friendly business mechanisms was recently spearheaded by Mountain Hawk Express (MHE) – Licensee of Federal Express Corporation in Sri Lanka. After months of due diligence and research, MHE has made a move what is today alien to many but will certainly pave the way…

(0)Comments | November 24, 2014 9:50 pm

Stock Market Review – 24th Nov 2014

Political uncertainties pushed the equities market deep into the red on Monday as ASI witnessed the highest intra-day drop in 15 months. The index lost 226.31 index points (3.1%) in the morning session but recovered during the latter half and closed at 7,235.25 shedding 166.37 index points or 2.25%. 20-scrip S&P SL index slipped by…

(0)Comments | November 24, 2014 5:57 pm

2015 Budget passed in Parliament

The 2015 Budget was passed in Parliament a short while ago by a majority of 95 votes with 152 MPs voting for 57 against. Former Health Minister Maithripala Sirisena and fellow Sri Lanka Freedom Party (SLFP) dissidents were not present today when the vote on the third reading of the budget took place. The United…

(0)Comments | November 24, 2014 5:56 pm