Colombo equities witnessed lackluster trading session on Tuesday where market closed with mixed results. Main index continued the losing streak for the sixth consecutive day shedding 6.28 index points (-0.09%) to end at 7,130.05 while 20-scrip S&P SL index marginally gained 2.99 index points (+0.07%) to close at 4,087.97. Price declines in counters such as…
The Bank of Ceylon is on its alert to find out whether certain persons or parties are involved in obtaining low interest loans from state banks and depositing the funds in senior citizens’ fixed deposit accounts to obtain the specified 15 per cent interest rates, said Bank of Ceylon General Manager D.K. Gunasekera. Keen attention…
The Janatha Vimukthi Peramuna (JVP) would lodge a complaint with the Commission to Investigate Allegations on Bribery and Corruption on the allegations against the recent Treasury Bond issue of the Sri Lanka Central Bank, says JVP North Central Provincial Councillor Wasantha Samarasinghe. Allegations continue to be leveled that the recent 30 year Treasury Bonds issue…
While Dr. Saman Kelegama has been appointed as Chairman of Singer (Sri Lanka) PLC with effect from 01 April, its long-time Chairman and Director Hemaka Amarasuriya is to retired with effect from 31 March 2015. Dr. Kelegama is currently the Chairman of Singer Finance (Lanka) PLC and a Director of Singer (Sri Lanka) and Regnis…
Colombo equities started the weekly operations on a negative note continuing the bearish momentum amid thin market activities. The benchmark All share price index dropped to a nearly one month low of 7,136.33 with a drop of 47.17 points (-0.66%) while S&P SL 20 index lost 12.37 points or -0.30% to end at 4,084.68. Core…
President Maithripala Sirisena has directed that investigations be carried out into the allegations that the recent 30 year Treasury Bonds issue by the Central Bank had been carried out while enabling a certain Primary Dealer to gain capital profits. The President’s media unit states that he has ordered the President’s secretary to appoint a three-member…
Sri Lanka’s political parties are united on the need for restoration of democracy in Sri Lanka, removing the executive presidency and national reconciliation, Sri Lankan Prime Minister Ranil Wickramasinghe. THANTHI TV: Thank you very much Mr. Prime Minister for agreeing to talk to us. Let me start asking about the working of the New National…
China has urged Sri Lanka to respect bilateral agreements and business contracts, and protect the interests of its investors following the suspension of a multi- billion-US dollar project, the Chinese Embassy said on Saturday. At emergency meetings with Sri Lankan Prime Minister Ranil Wickremesinghe and Foreign Minister Mangala Samaraweera, Chinese Ambassador Yi Xianliang also asked…
Issuing a statement dated today (07 March 2015), China Communications Construction Company Limited (CCCC) the ultimate investor in the Colombo Port City Project says the company would fully cooperate with the Sri Lankan Government and continue to adhere to the procedures and conditions stipulated in the agreement entered into with the Government of Sri Lanka,…
The Sri Lanka Chamber of the Pharmaceutical Industry has reportedly convened a special meeting this evening (06 March) to discuss explaining matters to President Maithipala Sirisena on his statement in Parliament last Wednesday (04 March) that he has received information that Rs. 01 billion has been obtained from 400 companies in a bid to hide…
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