Top News

Indo-Lanka FTA study team arrives in Colombo

In a new development in the on-going Indo-Lanka trade dialogue, an independent survey team has arrived in Colombo to map barriers to FTA trade, as revealed on 19 November-and the first round of this ground-breaking bilateral study would conclude in early 2015. “After the FTA was entered into, bilateral trade improved tremendously. I welcome your…

(0)Comments | November 19, 2014 5:20 pm

Stock Market Review – 19th Nov 2014

Colombo bourse slipped on Wednesday snapping a six day winning streak amid prospective announcement of presidential election. Core index slipped by 23.13 index points (-0.31%) to end at 7,525.10 while S&P SL20 index declined by 16.06 index points (-0.38%) to close at 4,188.81. Price depreciations in stocks such as Carson Cumberbatch (closed at LKR 460.00,…

(0)Comments | November 19, 2014 5:16 pm

Possible dates for Presidential poll?

Attention has been focused on 03 or 07 January 2015 as the date for an upcoming Presidential election, has learned from reliable sources. Though the government prefers 03 January for a Presidential poll the Elections Secretariat prefers 10 January 2015. However, it has been revealed that there would not be any likelihood for a…

(0)Comments | November 19, 2014 3:20 pm

Financial consolidation of Central Bank: Good or bad? – Video Interview

Ada Derana ‘Biz 24X7’ interview with the CEO of TKS Finance, Rasika Kaluarachchi, regarding the opinion of financial institutions on financial consolidation of Sri Lanka Central Bank.

(0)Comments | November 19, 2014 11:07 am

Chinese naval base for Hambantota Port?

The Chinese People’s Liberation Army Navy is about to build 18 naval bases in various regions, in the next 10 years, including Pakistan, Sri Lanka and Mynanmar in the Northern, Western and Central South  Indian Oceans, the Namibian reported. The naval bases are: Chongjin Port (North Korea), Moresby Port (Papua New Guinea), Sihanoukville Port (Cambodia),…

(0)Comments | November 19, 2014 11:06 am

Ansell acquires glove manufacturer Hands International

Ansell, a global leader in protection solutions, today announced the acquisition of Hands International, a privately held company, located just outside of Colombo. This acquisition is another step to integrate backwards and build the Company’s knitting and cut and sew manufacturing capabilities. Hands International is a manufacturer and supplier of personal protective equipment (PPE), with…

(0)Comments | November 18, 2014 8:55 pm

Oldest Employee of Galle Face Hotel, Kuttan bids his last good byes after 70 years of service

The iconic doorman at the Galle Face hotel who made history for being one of the oldest hotel employees in the world, passed away peacefully in the early hours of 18th November 2014, announced Galle Face Hotel. In honour of a personality that cannot be forgotten the hotel observed a minute’s silence. Kottarappu Chathu Kuttan…

(0)Comments | November 18, 2014 8:43 pm

Are EPF investments in the Stock Market secure? -Video Interview

The Employees Provident Fund (EPF) has incurred heavy losses by investing in the Stock market, according to a special disclosure made by the Auditor General in the 2012 annual report released by the EPF. Deputy Central Bank Governor Nandalal Weerasinghe speaks to Ada Derana ‘Biz 24X7’ on this issue.

(0)Comments | November 18, 2014 6:28 pm

Canada joins the trade call

As part of its new internationalisation thrust, the second largest economy in North America directly called for a fresh trade round with Sri Lanka on 18 November while Sri Lanka beamed with satisfaction on its success with yet another NAFTA member-and more than 100 Lankan firms of all sizes packed EDB’s pioneering ‘Exporting to Canada’…

(0)Comments | November 18, 2014 6:27 pm

Stock Market Review – 18th Nov 2014

Colombo equities advanced on Tuesday for the sixth consecutive day amid net foreign inflow. During the six days, core index gained 144.85 index points (+2.0%) and witnessed net foreign inflow of LKR 2.6bn. ASI advanced by 24.23 index points or 0.32% to end at 7,548.23 recording 43-month high while S&P SL20 index crossed 4,200 mark…

(0)Comments | November 18, 2014 6:17 pm