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Colombo Stocks start weekly activities with negative returns

Colombo equities started the weekly activities on Monday with negative returns amid political uncertainties affecting investor sentiment. The benchmark All Share Price index declined marginally by 4.66 points or 0.07% to end at 7,125.12 while S&P SL 20 index marginally lost 2.47 points (-0.06%) to end at 4,020.79. The losses were driven by price depreciations…

(0)Comments | April 27, 2015 6:06 pm

South Asian Exchanges formulate roadmap for the future, at regional conference in Colombo

The South Asian Investment Conference (SAIC) organised by the Colombo Stock Exchange (CSE) in association with the South Asian Federation of Exchanges (SAFE), took place today (27th April) at the Galadari Hotel, Colombo. The Minister of Finance Ravi Karunanayake, the Deputy Minister of Policy Planning, Economic Affairs, Child, Youth and Cultural Affairs Dr. Harsha De…

(0)Comments | April 27, 2015 4:01 pm

Lankan Angel Network (LAN) funds US$ 5 million for 20 startups

With the Lankan Angel Network having already raised US$ 5 million in funding for 20 startups across a number of industries vital to Sri Lanka’s future, there was no better time for the recent launch of the new Lankan Angel Network Incubation Centre for startups. Providing much-needed support services for fledgling ventures, while also being…

(0)Comments | April 27, 2015 1:22 pm

New changes at PCH Holdings

Dr. Ali Asger Shabbir Gulamhusein and Ajita Mahesh Pasqual have been appointed Executive Directors of PCH Hildings PLC while Dinesh P. Renganathan has been appointed an Independent Non Executive Director with immediate effect. Meanwgile, Dr. Lawrence Fritsgerald Adams has resigned as Chairman also with immediate effect but would remain as an Executive Director while Ajita…

(0)Comments | April 27, 2015 11:55 am

Going Beyond the Indo – Sri Lanka FTA : An Opportunity not a Threat -Ceylon Chamber of Commerce

The Ceylon Chamber of Commerce has the concept of Nation 1st; Private Sector 2nd; and Companies 3rd at the heart of all its policies, advocacy and activities. Uplifting the quality of life of all the people of Sri Lanka is, therefore, an over-riding objective. This is based on the premise that what is good for…

(0)Comments | April 27, 2015 5:44 am

Turkish frigate arrives in Sri Lanka on goodwill visit

Turkish Navy frigate TCG Gediz will arrive at Colombo Port on Sunday, 26 April 2015. The goodwill visit of the ship from April 26 to 28 to Sri Lanka is part of the commemoration activities of the 125th anniversary of the voyage of Frigate Ertuğrul to Japan. During its 122-day mission which started on April…

(0)Comments | April 27, 2015 12:19 am

‘Indian Trade Fair 2015’ unveils on 07 May in Colombo

Bringing into focus the diverse trade opportunities that exist between India and Sri Lanka, the ninth Indian Trade Fair will open on Thursday 07 May 2015 at the Sri Lanka Exhibition and Convention Centre, Colombo.  Organised by MP Events Lanka and partnered by PHD Chamber of Commerce and Industry, India, it will continue until Saturday…

(0)Comments | April 27, 2015 12:12 am

Will Right to Information Act prevent Sri Lanka's economic data being revealed?

Since there are risks of a situation being created where important economic data that the country has to be aware of being limited through the proposed Right to Information Act, sharp attention has to be drawn towards this issue, say analysts. Cabinet approval has been granted to the draft Right to Information Act to be…

(0)Comments | April 25, 2015 3:40 pm

New tourism circuit with Sri Lanka

Kerala Tourism has decided to form a new tourism circuit with Sri Lanka to tap tourists arriving in the island nation for an extended holiday here. The decision is on the basis of the discussions Minister for Tourism A.P. Anil Kumar, who is leading an official delegation to Sri Lanka on a two-day visit to…

(0)Comments | April 25, 2015 2:16 pm

Bibile sugar development project ready

The government is preparing to launch the ‘Bibile Sugar Development Project’ through which a farmer household could earn a monthly income of Rs. 60,000 to 80,000. The main project is to grow sugar cane for sugar production at Rideemalayadda in the Badulla district, in the Padiyathalawa and Mahaoya Secretariat Divisions of the Ampara district and…

(0)Comments | April 24, 2015 10:02 pm