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Stock Market Review – 14th July 2014

Colombo equity market started fresh week on a positive note where ASI touched 52wk high of 6,713.95 amid the low level of activity. ASI gained 37.63 index points or 0.56% to end at 6,699.03 while 20-scrip S&P SL index gained 13.07 index points or 0.35% to close at 3,721.23. Price appreciations in counters such as…

(0)Comments | July 14, 2014 5:10 pm

Whither interest rates in July?

While the Monetary Board of the Sri Lanka Central Bank (SLCB) has decided to retain the interest rates which in turn decide the interest rates of the commercial banks unchanged at 6.50 and 8.00 percent in July as well, it has pointed out to the commercial banks that the lending rates should be further reduced….

(0)Comments | July 14, 2014 11:45 am

P. Samarasiri appointed as a Deputy Governor of the Central Bank

The Monetary Board, with the concurrence of the President and Minister of Finance, has appointed Mr P Samarasiri as a Deputy Governor of the Central Bank, with effect from 1st June, 2014. Mr. P Samarasiri has functioned as an Assistant Governor in the Central Bank over the previous six and half years and while holding…

(0)Comments | July 14, 2014 11:15 am

World Cup 2014: Germany Defeats Argentina in Final

Germany won the World Cup on Sunday for the fourth time, defeating Argentina, 1-0, in the final. The crowd was overwhelmingly in support of Argentina, as more than 100,000 Argentines flooded over the border and coated Rio in a sea of blue. It hardly mattered to Germany, though. Mario Goetze scored in extra time –…

(0)Comments | July 14, 2014 5:28 am

President declares open renovated Independence Square shopping precinct -Photos

The renovated old Auditor General’s office complex, completed as part of the Independence Square Development programme was declared open by HE the President Mahinda Rajapaksa today evening (13th July). President Rajapaksa unveiled a plaque to mark the occasion amidst the distinguished invitees at the opening. Secretary Defence and Urban Development Mr. Gotabaya Rajapaksa, the driving…

(0)Comments | July 13, 2014 10:27 pm

President ceremonially opens Arcade Independence Square today -Video and Photos

Another landmark in the process of the planned beautification of the city of Colombo comes alive this evening when President Mahinda Rajapaksa ceremonially declares open the luxury shopping complex and other facilities in Colombo 7. This modern shopping complex near Independence Square, established within the renovated colonial building which earlier housed the Auditor General’s Department…

(0)Comments | July 13, 2014 2:22 am

World Cup 2014 Golden Ball: Messi, Muller, Neymar in FIFA Shortlist, no Ronaldo

FIFA has officially announced the names of the 10 players in contention for the Golden Boot award usually given to the championship’s most outstanding player. Four Germans, three Argentines, and one player each from Brazil, Colombia and the Netherlands are vying for the coveted trophy, won by Uruguayan Diego Forlan in the 2010 World Cup…

(0)Comments | July 13, 2014 2:20 am

Just sold an old smartphone? Whatever you do don’t read this!

If you’re thinking of selling an old smartphone just be careful. A security firm in the Czech Republic has managed to extract thousands of images and data from second hand phones purchased on ebay. Avast used publicly available software and with just a few simple steps had accessed pictures, emails and texts. The files they…

(0)Comments | July 12, 2014 1:32 pm

Why Soccer in Brazil Is Better Than Cricket in India

Brazil isn’t alone in having a national identity so tied to a single sport. India, for one, could claim to be more obsessed with cricket than Brazil is with soccer. It is impossible to quantify which country is more passionate about their favorite sport. But, at the risk of angering a billion people from Kashmir…

(0)Comments | July 12, 2014 12:52 pm

Lucky Lanka IPO gets lucky indeed

The Initial Public Offering (IPO) by Lucky Lanka Milk Processing Company Limited has been oversubscribed by 2.00 pm today (11 July), said the managers to the issue Sri Lanka Merchant Bank. The Sri Lanka Merchant Bank said the 38 million ordinary voting shares of Rs. 228 million and the 24 million ordinary non-voting shares of…

(0)Comments | July 11, 2014 8:48 pm