manusath-derana

Top News

Stock Market Review – 23rd Mar 2015

The historic coalition between the country’s two main political parties, UNP & SLFP, failed to uplift the apathetic sentiment in Colombo Bourse on Monday and the index edged lower, reversing the gains recorded in the previous session. The main share index closed at 7,042.30 with drop of 12.28 points (-0.17%) while S&P SL 20 index…

(0)Comments | March 23, 2015 6:57 pm

CSE signs consultancy agreement with BTA Consulting, UK to set up a Clearing House

The Colombo Stock Exchange (CSE) signed an agreement with BTA Consulting (BTA) of the United Kingdom to provide Consultancy and Project Management services to set up a Clearing House which will act as a Central Counterparty (CCP) for settlement of securities, including shares, corporate debt, Government Securities and any other financial market instruments transacted in…

(0)Comments | March 23, 2015 5:03 pm

Sri Lanka Tourism includes Scandinavian countries in focus market drive

The leadership of the Sri Lanka Tourism Promotions Bureau has relooked its overall portfolio of markets and has strategically selected one of the key focus areas globally- Scandinavian countries, to market Sri Lanka as a destination for travel in the future.  A high-powered Sri Lankan delegation took part at last week’s key travel and tourism…

(0)Comments | March 23, 2015 2:28 pm

New Zealand Trade Commissioner visits Chamber – wants more tie ups between Sri Lankan and Kiwi businesses

The New Zealand Trade Commissioner for New Delhi and Colombo Kevin Mckenna, recently visited the Ceylon Chamber of Commerce to discuss ways and means of exploring potential investment and trade opportunities between Sri Lanka and New Zealand. During the discussion held with Mangala Yapa, CEO / Secretary General of the Ceylon Chamber of Commerce, Mckenna…

(0)Comments | March 23, 2015 1:41 pm

GENNEXT Appoints Veteran Banker as Chairman

Rajakaruna brings with him over 40 years of varied international experience covering UK, Europe, USA, Scandinavia, South Africa and Asia all with Citibank during which period he performed several roles relating to corporate banking, risk management, finance, marketing, product management and treasury activities. With a proven track record in balancing earnings and risk, Mr. Rajakaruna…

(0)Comments | March 23, 2015 1:23 pm

Singapore After Lee Kuan Yew: Future Is Uncertain For The Utilitarian Paradise He Created

In this age of political Lilliputians, we must acknowledge the passing of giants. Although he ran only a small city-state, Lee Kuan Yew, along with late Chinese Premier Deng Xiaoping, ranks among Asia’s most pivotal figures of the past 50 years. These two men — a tall, aristocratic scion of a Hakka trading family and…

(0)Comments | March 23, 2015 11:06 am

Colombo Stock Exchange get two directors

Lal Nanayakkara and Anton Godfrey have been appointed to the Board of Directors of the Colombo Stock Exchange (CSE) with effect from March 20, 2015. Lal Nanayakkara served as a Board Member of the Securities and Exchange Commission of Sri Lanka (SEC) from 1998 to 1999. He was elected President of the Institute of Chartered…

(0)Comments | March 23, 2015 12:35 am

Expert Committee announcement that groundwater in Jaffna does not contain dangerous pollutants a great relief to public, says MDT Walkers PLC

* Optimistic that further investigations will vindicate baseless accusations The announcement that regional groundwater in and around Chunnakam, Jaffna, does not consist dangerous pollutants was a great relief to the public and is a major step in the positive direction, opined MTD Walkers PLC – the parent company of Northern Power Plant of Chunnakam, which…

(0)Comments | March 22, 2015 8:11 pm

Stock Market Review – 20th Mar 2015

Colombo bourse finished the week on a mixed note in another trading session marked by thin trade as investors opted to stay on sidelines amid the developments in the political and economic fronts. The main index remained in the negative territory for most of the trading session but managed to close 7.88 points (+0.1%) higher…

(0)Comments | March 20, 2015 7:00 pm

Sri Lanka's plantations in crisis; Estates suffer massive losses in 2014, says Association

While showing grave concerns on the loss of Rs. 35 on rubber and Rs. 30 on tea per kg sold last year, the Planters’ Association of Ceylon elaborates on the present issues in the plantation sector, particularly with regard to the decline in the price of tea and rubber despite high production costs. In a…

(0)Comments | March 20, 2015 3:52 pm