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Monday 6th February, 2012
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Maruti Suzuki India expects 11 pct decline in FY11-12 sales
In the April-January period this fiscal year, the firm sold 888,794 units.
Sri Lanka Islamic finance in need of better monitoring: expert
Says regular audits could help industry measure compliance with benchmark standards
Sri Lanka Chemanex unit opens Rs 350 mn chemical plant
Second phase of plant to be completed with overseas funding
More News
Corruption, policy uncertainties pose credit risk in India: S&P
Tata Motors sales rise 16 pct in January
Sri Lanka targets Chinese tourists
India, China major commercial service exporters in 2010: WTO
LG Electronics net loss narrows in Q4
Depreciation is Chemotherapy
Rupee depreciation and export competitiveness – what the experts didn’t tell
Sri Lanka Dipped Products net up in 9M FY2012
Sales up 33 percent on higher hand protection and plantation revenue
Most Popular
Sri Lanka expressway draws 5,000 vehicles daily, revenue Rs 1.5 mn
Making companies work
Sri Lanka to see new product brands emerge with economic revival
Sri Lanka Sampath Bank new managing director discusses future direction
Sri Lankan businesses urged to use video calls to cut travel cost
In-depth
Accounting Convergence: Is your firm ready?
Listed firms have to change over to adopt IFRS from 2012 but few appreciate the scale of the challenge
Funding a new phase
Sri Lanka's People’s Bank’s leasing unit is only a fraction of its parent’s size, but not its ambitions
Location advantage, not forever
An interview with the President of the Chartered Institute of Logistics & Transport Alan Waller
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Investment & Money
Dealing with the Gen X’s and Y’s
Unless firms consciously equip themselves, their struggle with retaining young talent is about to get much worse
Sri Lanka Arpico to build centralized warehouse with Rs400Mn
Plans to nearly double the number of supermarkets by end year and boost revenue by 46 pct
3 Comment(s)
Sri Lanka BOC to boost fee based incomes to fight low interest rates
The island’s largest state lender’s chief talks about future plans and its role in the island's growing economy
Business World
Malaysia records USD 39.7 billion investments during Jan-Nov, 2011
Total investments surpass RM115 billion target set by government for last year
Australia well positioned for global woes: IMF
Says base interest rates among the highest in the world, giving the nation monetary policy flexibility
Hyundai Motor's January sales up 3.5 pct
Domestic sales slump 18.5 percent year on year, overseas sales rise
Editors Pick
Sri Lanka road accidents: symptom of a serious economic ill?
Sri Lanka tea output to rise in 2012, producer margins will remain thin
Sri Lankan businesses urged to use video calls to cut travel cost
Sri Lanka to see new product brands emerge with economic revival
Sri Lanka construction chamber pushes for accredited workforce
Markets
Sri Lanka mid day market mixed on Monday
Retailers active on low value counters, buying support on JKH, COMB
Sri Lanka stocks close in the red, Friday, amid thin trading
Several blue chip counters drop to their 52 week low prices, retailers dominate trading
Sri Lanka mid day market down, Thursday, retailers dominate trading
Bullish trend on Orient Garments, profits taking on ACME Printing, JKH holding on to high levels
Currency
Stocks
Bonds
Overnight Rates
Now
Last Week
3 mon
7.21
7.15
6 mon
7.27
7.23
12 mon
7.34
7.31
2 years
3 years
Source: CBSL
Today
Yesterday
SLIBOR
8.08
8.08
Call
8.08
8.07
Source: CBSL
Close
ASPI
6,585.99
0.28
MPI
5,910.54
0.08
Midcap
10,726.8
0.69
Sales Rs1.2bn
Source: CSE
SL Rs.
SL Rs.
$
111.05
111.05
175.48
173.83
153.90
150.21
1.4528
1.4595
CBSL ( bank selling rates)
People
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.
2 Comment(s)
Sri Lanka Sampath Bank new managing director discusses future direction
Says making new branches profitable is the main challenge ahead
3 Comment(s)
Opinion
Sri Lanka must push for export dynamism to develop economy: economist
Says tourism and remittances are not the way forward for the island
Sri Lank budget 2011: Have we forgotten consistency and simplicity?
A simple and long term consistent fiscal policy is far more important than keeping the special interest groups happy
2 Comment(s)
Sri Lanka credit ease not the only solution to lift stocks: Official
An exclusive interview with chief of NDB Aviva Wealth Management Fund
1 Comment(s)
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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Video
fixed income
Video: Sri Lanka mulls indices to track the performance of the island’s fixed income market
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Online payment
Video: Sri Lanka Ports Authority to start trials of an electronic cargo payment system
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New offer
Video: HSBC launched a new credit card with special offers for frequent international travelers
Video
Food power
Video: Treasury secretary says Sri Lanka should to grow more food to reduce imports
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Video
Empowerment
Video: Hatton National Bank in a drive to empower Sri Lankan youth
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Trade ties
Video: Sri Lanka and the Emirates look at strengthening trade ties
Video
SME support
Video: IFC extends investment portfolio in Sri Lanka to 200 million dollars
Video
Telco outlook
Video: Local telco’s to countinue investing on fiber optic and network upgrades next year
Comments
Sri Lanka's senior state officials t...
All should know salary difference between senior state staff and basic staffsshould be at least 12:1...
Sri Lanka Sampath Bank new managing dire...
Congratulations!...
Sri Lanka leads on low holiday costs: UK...
I think Michael is only partially right. He is not correct condemning the food nor the infrastructur...
Sri Lanka tourism industry in need of ma...
Since, there is a problem like lack of employees, why do you not want to recruit the graduate from ...
Sri Lank budget 2011: Have we forgotten ...
Depreciation is a dreadful exercise at any time. However it is worse when nobody else is doing it. W...
Sri Lank budget 2011: Have we forgotten ...
Overnight depreciation was a horrendous decision! If you notice from that day onwards the economical...
Sri Lanka credit ease not the only solut...
I think the lack of permanency at the head of our Securities Watchdog has apparently contributed to ...
Inside (Not!) Straight...
The penalties imposed on Rajaratnam is grossly disproportionate to his alleged gains with insider kn...
Sri Lanka road accidents: symptom of a s...
Chanuka, with so called economic conditions blooming and things looking rosy as per the politicians,...
Sri Lanka tourism industry in need of ma...
Thank you very much. the content is really worth....
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