Friday, 30th January 2015

nation.lk :::

Mostly Cloudy

28°C

Today, Colombo, Sri Lanka

Mostly Cloudy

Wind: 1.61 km/h

Business news

The Central Bank of Sri Lanka (CBSL) decided to maintain the key policy rates while maintaining Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the of the CBSL unchanged.
Full Article Tuesday, 27 January 2015 10:36
Colombo shares swung between gains and losses and ended higher in thin trading on Monday as investors adopted a wait-and-see approach. The market turnover reached 8-month low in today’s lackluster trading session while the volume touched a one month low of 16mn shares.
Full Article Monday, 26 January 2015 17:37
We all know that New Year resolutions are easier to make than keep. It’s the same story every year. In January, we decide to reach our ideal weight, get more exercise and become healthier.
Full Article Saturday, 24 January 2015 09:03
The newly appointed governor of the Central Bank of Sri Lanka, Arjuna Mahendran being a Singaporean national has created history becoming only the second ‘non- Sri Lankan governor’ after the founding governor to hold the esteemed office.
Full Article Monday, 26 January 2015 13:39
Sri Lanka’s economists and tax consultants last week said that focus will now be on how the new government would undertake measures to muster at least Rs.150 billion in incremental revenue for this year as it needs to deliver on the host of populist promises whilst at the same time ensuring that the fiscal deficit target is not affected.
Full Article Sunday, 25 January 2015 00:00
Mihin Lanka has launched an international pilot training programme to train inexperienced A320 type rated pilots from other international airlines. Here Chief Pilot Training and Standards at Mihin Lanka, Capt. Themiya Abeywickrama is captured in the cockpit.
Full Article Sunday, 25 January 2015 00:00
Deputy Minister of Policy Planning and Economic Affairs, Dr. Harsha De Silva on Thursday said the government has decided that it will in the next few days, request the Chairman of the Securities and Exchange Commission of Sri Lanka (SEC), Dr. Nalaka Godahewa to step down from his position. Sources close to the SEC Chairman on Friday told The Nation...
Full Article Sunday, 25 January 2015 00:00
Ceylinco Insurance PLC has denied any involvement of its directors in the brawl which erupted at the Extraordinary General Meeting (EGM) held on January 20.The scuffle was reported during the EGM of the company last week. Global Rubber Industries (GRI) (Pvt) Ltd., a shareholder of the group on Tuesday (20) alleged that Directors of Ceylinco had assaulted some of the…
Full Article Sunday, 25 January 2015 00:00
Agriculture research experts last week said that the present situation of soaring vegetable prices, which has affected both vendors and consumers for the past several weeks, may not last long with a reduction expected by mid next month.Research Officer, Marketing, Food Policy and Agriculture Business at the Hector Kobbekaduwa Agrarian Research and Training Institute (HARTI), W.H. Duminda Priyadharshana...
Full Article Sunday, 25 January 2015 00:00
Sri Lanka’s analysts on Friday predicted that the sudden reduction in fuel prices last week could result in the island’s currency weakening amidst the economy facing a deflationary pressure and falling interest rates. Speaking to The Nation Gain, Managing Director, JB Securities, Murtaza Jafferjee said that the Government could have alternatively slashed the prices of fuel gradually so that it...
Full Article Sunday, 25 January 2015 00:00
China Communications Construction Company Limited (CCCC) last week agreed to provide all information to the Government and relevant authorities in providing all necessary information according to relevant regulations to assess and review the Colombo Port City Development Project.
Full Article Sunday, 25 January 2015 00:00
NDB Capital Holdings PLC is to be delisted with effect from January 26, 2015 upon receiving approval from the SEC to remove CDIC.N0000 from the official list of the CSE after the successful completion of the purchase of the securities by the majority shareholder. This was revealed in a disclosure filed with the CSE on Friday. Meanwhile, the Board of…
Full Article Sunday, 25 January 2015 00:00
The Colombo Stock Exchange (CSE) has been named the “Most Sustainable Growth Exchange” in Asia for 2014 by Capital Finance International (CFI), a print journal and online resource reporting on business, economics and finance, based in the United Kingdom.
Full Article Sunday, 25 January 2015 00:00
The death of Saudi Arabia’s King Abdullah bin Abdulaziz on Friday has caused a dollar-plus spike in oil prices as investors speculate on whether OPEC’s leading member nation is set to change its policy over crude oil production levels. The 90-year-old King Abdullah bin Abdulaziz died on Friday morning at 1:00am in a Riyadh hospital from a prolonged lung infection.
Full Article Sunday, 25 January 2015 00:00
This graph (Figure 1 on right) shows the price of Lanka Petrol 95 Octane compared to the global price of a barrel of crude. The price of crude is in dollars and the price of petrol is in rupees, but I was just looking at how connected the two lines are. As you can see, it’s a bit of a…
Full Article Sunday, 25 January 2015 00:00
Oscar Wilde, Charles Dickens, Lord Byron and Frank Sinatra’s favourite barber shop now wants to groom Sri Lankan men. The world’s oldest barber shop (as certified by the Guinness Book of World Records) — the over 200-year-old Truefitt and Hill, that has been frequented by Winston Churchill, Alfred Hitchcock to Laurence Olivier now wants to enter...
Full Article Sunday, 25 January 2015 00:00
The Exporters Association of Sri Lanka (EASL) last week said that a matter of particular concern at this point in time is the frustration of domestic companies engaged in exports, which appears to be compelling them to either relocate their businesses abroad, or consider the expansion of their current operations overseas.
Full Article Sunday, 25 January 2015 00:00
The Sri Lankan government is to obtain assistance from the International Monetary Fund (IMF), World Bank and Reserve Bank of India to track down wealth belonging to key persons of the former government which had been allegedly hidden abroad, cabinet spokesman said.
Full Article Sunday, 25 January 2015 00:00
Newly appointed Finance Minister Ravi Karunanayake, Deputy Minister of Policy Development and Economic Affairs Dr. Harsha De Silva, Treasury Secretary Dr. D. H. S. Samaratunga and the (designate) Governor of the Central Bank Arjuna Mahendran will speak at the post ‘Interim Budget’ discussion organized by the Ceylon Chamber of Commerce.The ‘Interim Budget’ of the new government will be presented on...
Full Article Sunday, 25 January 2015 00:00
The Ceylon Chamber of Commerce has published its latest issue of ‘Business Opportunities Bulletin’, which provides a list of potential business opportunities, Sri Lankan businesses can explore in overseas destinations.The bulletin comprises details of ‘Overseas Buyers’, ‘Overseas Sellers’, ‘Agents Representatives’, Joint Venture Interests’, ‘Interests on Technical Partnerships’, ‘Market intelligence’, international and local trade fairs and tender notices’ etc.
Full Article Sunday, 25 January 2015 00:00

Copyrights protected: All the content on this website is copyright protected and can be reproduced only by giving the due courtesy to www.nation.lk' Copyright © 2011 Rivira Media Corporation Ltd., 742, Maradana Road,Colombo 10, Sri Lanka. Web Solution By Mithila Kumara | All rights reserved.