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Friday 30th July, 2010
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Sri Lanka’s Seylan Bank to shed 1000 jobs
Plans to reduce staff to levels seen in other banks with a similar asset size
Sri Lanka governemnt owes contractors over 6 billion rupees
Official calls for revision of payment contract
Sri Lanka mutual fund manger sets up tourism investment fund
Ceylon Asset Management targets to raise 500 million rupees in three months
1 Comment(s)
More News
US Investment fund prefers private equity over pricy listed stocks
Sri Lanka's tallest planned building for sale to settle debt
Tablets may allow a 're-set' for news industry: News Corp.
Sri Lanka forecasts 40 percent tourist arrival growth in 2011
Sri Lanka's PC House will become more profitable after IPO:experts
Sri Lanka celco floor pricing can be removed in two years: official
Says celco operators have themselves to blame for pushing the sector deep into the red
Smartphones tempting new targets for hackers
"Hacking mobile phones to make international calls to get money, that is where I believe the future of mobile phone malware will be" : Expert
Most Popular
Softlogic and an Asiri Hospitals subsidiary in IPO’s this year
Dialog equipment write-off to bring down costs
Ashok Pathirage: king of leveraged buyouts
Ceylinco Insurance severs links with Kotelawala’s group
Ceylon Tea Brokers in IPO
In-depth
Sri Lanka urged to consolidate multiple automobiles import taxes
A taxation expert also urges an overhaul of outdated customs law to make it suitable for a modern economy
6 Comment(s)
Video:A call to further simplify Sri Lanka's imports tax structure
‘Emerging star’ brands may steal the limelight at Unilever
Anglo-Dutch multinational Unilever bubbly about the islands post war prospects
Video: 'Emergimg Star' brands may steal lime light at Unilever
Sri Lanka conservationists in push to restore mangrove eco-system
IUCN works with regional authorities in Puttalam to release over 1,100 hectors of abandoned commercial shrimp farms for restoration
1 Comment(s)
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Investment & Money
Sri Lanka's Hemas group to invest eight billion in hotels over five years
Hotels revenue may overtake FMCG as the largest contributor to the top line says Chief Executive
Sri Lankan listed firm profits up 170 pct in 4Q
Earnings growth tops 45 percent in the company financial years ending Dec 09 and March 10
Video: Back to back quarters of record earnings growth for listed companies
Google buys advertising technology startup Invite Media
Plans heavy investments in Invite and eventually mesh its technology into DoubleClick, an online ad-targeting business it acquired three years ago
Business World
China now world's number two economy: PBOC official
China's gross domestic product in the first six moths stood at 2.5 trillion dollars
Honda books record 3.15 billion dollar quarterly net profit
The Tokyo-based company revised up its annual net profit forecast by 33.8 percent for the year ending March 2011
IATA reports surprising growth of air travel, lifted by Asia
Asia Pacific records passemger growth of 15.5 percent driven by China
Editors Pick
Marketing intimate wear in conservative India
JKH's vision of being regional leaders will be led by Sri Lanka
Speaking the same financial lingo
Singer reverses half a decade long slump
Sri Lanka’s import tax cut will shrink the gray market for electronics
Markets
Shares close up 0.82 pct on Friday
Large trades on ERI boost turnover to 5.3 billion rupees
Stocks close up 0.07 pct on Thursday
Market is expecting a good June quarter says broker, turnover 2.5 billion rupees
Shares up 2.8 pct at Wednesday's close
All share close above 5,000 points, turnover 3 billion rupees
Currency
Stocks
Bonds
Overnight Rates
Now
Last Week
3 mon
7.90
7.92
6 mon
8.64
8.70
12 mon
9.00
9.09
2 years
3 years
Source: CBSL
Today
Yesterday
SLIBOR
9.01
8.99
Call
9.00
8.99
Source: CBSL
Close
ASPI
5,161.18
0.82
MPI
5,854.73
0.85
Midcap
Sales Rs.5.3bn
Source: CSE
SL Rs.
SL Rs.
$
113.52
113.50
177.76
177.53
148.96
148.07
1.3242
1.3089
CBSL ( bank selling rates)
People
Hotels may become the biggest business at Hemas overtaking FMCG
Hemas cheif executive Husain Esufally discusses the firm's future strategy
Video:Hemas cheif executive dissusses the firm's future strategy
Unilever Sri Lanka gears to meet rising demand
An exclusive interview with Unilever Sri Lanka Chairman, Amal Cabraal
Video: Unilever gears to meet rising demand
Sparkling in the subcontinent
Ahmet Bozer Coke’s second most senior executive discusses the brands South Asian triumph
Video: Soft drinks major Coca Cola’s top emerging markets expert discusses strategy
Opinion
Learning form Malaysia's tumultuous past
An interview with Dato J Jegathesan a former Malaysian bureaucrat who had a front row seat to the countrys remarkable economic transformation
Video:The Malaysians experience with private sector led growth.
Executive Living
Shanghai's Peace Hotel reopens after three-year restoration
The founder of the hotel businessman Victor Sassoon lived in the tower and made the building the scene of lavish parties
Hong Kong prepares for life after the tycoons
Hong Kong's 40 richest tycoons will leave behind fortunes worth more than 130 billion US dollars and vast business empires
World's richest man aims for a simple life
Mexican tycoon Carlos Slim limits his monthly salary to 24,000 dollars and travels in a Suburban
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Worthy cause
Video:Viva brand renews commitment to worthy cause
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Pricy stocks
Video : US based investment firm enters Sri Lanka
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Architecture
Video: Geoffrey Bawa awards for Architecture calls for applications
Video
Rebrand
Video:Ceylon Cold Stores changes corporate identity to Elephant House
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Sky Taxi
Video : A sky taxi service to get tourists to their hotels faster in Helicopters.
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Billion Bond
Video :Sri Lanka will sell a billion dollar sovereign bond this year
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Doubling
Video: Sri Lankan airlines on expansion mode
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Dual fight
Video: Nokia launches first dual SIM phone
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Investment
Video: Etisalat pledges to make the single largest foreign investment this year
Comments
Seems a good Fund Manager. Willing to even provide the Individual stocks before getting money to the...
Looks like a string of IPO's will come this year and this is just the beginning....
I fully agree with Nish. Price wars on telco's core business which is voice, was slightly taken for ...
I think the reason is the salary level and status. It is time that there is an overall salary increa...
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