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Friday 18th May, 2012
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Executive Living
Sri Lanka leisure investors need faster clearance: Official
Faster procedures need to be adopted by the necessary state agencies to meet the increasing investor needs
On Thursday, market turnover dips low
Money flow to bond market, brokers
hSenid Biz, launched its PeoplesHR to the Asia Pacific Region at the HR summit 2012 in Singapore
Over 4200 attendees were to attend the summit
More News
Sri Lanka leisure investors need faster clearance: Official
Asia’s first mechanical air purifying hoarding launched in Sri Lanka by an advertising agency
Sri Lanka’s new regulations to curb large profits to investors who bought stock before a company went public
Profits in the Agalawatta Plantations were dragged down by poor performance in rubber and tea
Sri Lanka's Commercial Bank of Ceylon, said group profits in the March 2012 quarter rose 38 percent to 2.8 billion rupees.
World steel output up 1.9 pct in Feb at 119MT
China remains highest contributer to production basket with an output of 55.9 MT steel
Sri Lanka’s tourist arrivals rose by 9 percent in April to 69,591 and the first four months arrivals rose by 18.3 percent to 330,116.
Western European arrivals were flat
Most Popular
Sri Lanka plans high speed airport rail link: report
Sri Lanka Expo 2012 garners USD 66,000 international orders: minister
Sri Lanka licensed finance company loan expansion driven by leasing: RAM
Sri Lanka gets Japanese loan for airport expansion
World steel output up 1.9 pct in Feb at 119MT
In-depth
Responsible Travel
Travel guide aims for environment friendly tourism
1 Comment(s)
Sri Lanka islamic finance poised for growth
An exclusive interview with partner at KPMG Sri Lanka
Video: An exclusive interview with partner at KPMG
Sri Lanka’s Tata-Benz empire
A cohabitation and seamless integration of family traditions with modernity
1 Comment(s)
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Investment & Money
Expolanka Holdings has acquired controlling stake in Akquasun Holiday, India - at a cost of USD 915,000.
The venture will strengthen the listed company’s presence in the leisure sector
Small Inclusion
IFC Vice President Finkelston is encouraged by family business listings and is seeking access to local boards to impart experience
Charting the course in 2012
Four leading analysts who advised investors last year are back to update their forecast options
Business World
India's wheat output may exceed estimates to cross 90 mn tonnes
Expected rise in wheat production could lead to increase in foodgrains production in 2011-12 crop year
China's major industrial companies post 5.2 pct drop in Jan-Feb profit
State-owned and holding company profits fall by nearly 20 percent
Dubai's DP World to repay USD 3 billion loan with existing cash
To cancel $2 billion of existing revolving credit facility, retain USD 1 billion undrawn facility
Editors Pick
Sri Lanka state committee to probe state bank stock deal: minister
Financial and accounts business process outsourcing can add up to greater profitability in businesses, says experts
Sri Lanka's major tea exporters, who have made a proposal to liberalize tea imports to make the island a global centre for tea
Sri Lankan stock market has been gaining momentum for the third day
Sri Lanka’s tourist arrivals rose by 9 percent in April to 69,591 and the first four months arrivals rose by 18.3 percent to 330,116.
Markets
On Tuesday the shares closed in the green zone, due to rising interests in blue chips
Overall market sentiment was low
On Monday the market moved in to the green zone due to interest in oil palm stock.
Market is up after 9 days in the red zone.
The stock market closes in the red zone for the 9th consecutive week.
Sustained selling drags down Sri Lankan shares
Currency
Stocks
Bonds
Overnight Rates
Now
Last Week
3 mon
12.19
12.11
6 mon
12.30
12.20
12 mon
12.49
12.36
2 years
3 years
13.50
Source: CBSL
Today
Yesterday
SLIBOR
9.72
9.73
Call
9.69
9.69
Source: CBSL
Close
ASPI
5,222.09
0.01
MPI
4,693.59
0.29
Midcap
-0-
-0-
Sales Rs 157.7mn
Source: CSE
SL Rs...
SL Rs.
$
129.83
-0-
216.59
-0-
168.66
-0-
1.6380
-0-
CBSL ( come bank selling rates)
People
Changing the paradigm
There is a lot more to annual reports than compliance and financials as a small Sri Lankan company with globalist ambitions is showing
2 Comment(s)
Counterbalancing the chief executive
Complex accounting rules and regulations requires competent teams to back the CFO’s growing role of counterbalancing the chief executive
Making companies work
A few corporate leaders put Sri Lanka on the global map against tremendous odds during the last two decades. They all had passion and did some things right.
4 Comment(s)
Opinion
Sri Lanka must strengthen trade ties with Asia and Latin America: Economist
Implies integration taking place in East Asia and room for South Asian countries to move in
Common but differentiated responsibility, no more
During the climate talks in Durban large developing countries were pushed to make a significant concession
Sustaining 8 pct Growth, when others cannot
2012 economic growth forecasts for many countries are being adjusted downwards as the global economy faces unprecedented challenges. Can Sri Lanka be the exception?
Executive Living
Rolls-Royce bullish on global luxury car market in 2012
Sales in greater China higher than in U.S. last year, accounting for nearly 30 percent of company's global sales
India's richest are 20 pct poorer than 2010: Forbes
The country's 100 wealthiest individuals now worth a total of USD 241 bn, down from USD 300 bn in 2010
Rich list shows China wealth unhurt by global turmoil
Forbes says world's second largest economy had a total of 146 billionaires this year, up 14 pct from 2010, and second only to the United States
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Certification
Video : Maliban milk products awarded GMP certification
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Compliance
Video: Sri Lanka’s Islamic finance in need of better monitoring
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Arugam Bay
Video: Discovering Arugam Bay
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New offer
Video: HSBC launched a new credit card with special offers for frequent international travelers
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Food power
Video: Treasury secretary says Sri Lanka should to grow more food to reduce imports
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Online payment
Video: Sri Lanka Ports Authority to start trials of an electronic cargo payment system
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fixed income
Video: Sri Lanka mulls indices to track the performance of the island’s fixed income market
Comments
Sri Lankan stocks on the verge of bottom...
This laissez-faire attitude by the SEC must change to attract the foreign investors now leaving disa...
Sri Lankan stocks on the verge of bottom...
Market has fallen more than 20% ...
Sri Lanka’s nano tech sector poised fo...
Sri Lankan born and educated scientist end up working in developed markets due to better research fa...
Sri Lankan marketers don’t focus enoug...
Good Article....
Sri Lanka car prices set to rise after d...
What is the diffrence between British rule and the current government? British put lot of tax to our...
Sri Lanka's senior state officials t...
Government needs to give attention to age of perrmit vehicle as government servants have a lower sal...
Responsible Travel...
This is a very useful article because today some guides also do wrong things to environment. This bo...
Sri Lanka gets Japanese loan for airport...
Is anyone keeping track of how much we have taken as loans...and when we will have to pay it all bac...
Sri Lanka rupee volatility 'overreac...
The comments of Rasika and Shaik with a clear creed to free economy and free monetory principles are...
Changing the paradigm...
What an example to us all. Having diligent focus on quality and value always pays off. "Smart Media...
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