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Wednesday 8th September, 2010
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S.Lanka president set to cement grip with constitution vote
The amendment hands him powers to appoint officials to key posts in the judiciary, police, election commission and central bank
Sri Lanka ups minimum capital requirement for banks
Mandates existing banks to be listed by year end
Sri Lankan banking volumes must increase for interest spreads to drop: official
The large Sri Lankan banks enjoy net interest margins of about 5.0 percent, one of the highest in the region
Video: Industry consolidation to reduce high interest margins
More News
Sri Lanka Supreme Court backs president's third-term bid
Sri Lanka Dockyard, Royal Ceramics in Forbes list
Asia leads world tourism recovery in 2010: UN
Sri Lankan has to integrate to South Asian economy: expert
Sri Lanka fishermen find peace leaves nets empty
Sri Lanka's Sampath Bank on expansion mode
Cheif executive discusses Sampath Bank's future strategy
Most Popular
Sri Lankan stock brokers under investigation: official
Sri Lanka's Hemas group to invest eight billion in hotels over five years
Sri Lanka's PC House will become more profitable after IPO:experts
Tweaks suggested to Sri Lankas circuit breaker rules
Hotels may become the biggest business at Hemas overtaking FMCG
In-depth
Sri Lanka urged to better connect rural areas to Colombo
New World Bank report highlights need for polices that encourage labour mobility and not ones that push industries out of prosperous areas
2 Comment(s)
Video: The World Bank advises Sri Lanka to revise its development approach
Sri Lankas Dialog restructures debt, confident about growth; interview
Dialog Axiata Chief Executive Hans Wijayasuriya talks about restructuring and how the firm is placed to face challenges
Video: Exclusive Interview with Dialog Axiata cheif executive Hans Wijayasuriya
Sri Lanka’s import tax cut will shrink the gray market for electronics
Electronic dealers across the island on a price cutting spree
Video:Will the low duty regime on electronics wipe out smugglers and tax evaders?
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Investment & Money
Sri Lankan brokerage upgrades STL to buy
Asia Securities recommends investors buy SLT shares, as revenue picks up and government halves key levy rate
Speculative share trading dominates market
Five popular day trading stocks account for 10 percent of turnover this year
Tweaks suggested to Sri Lankas circuit breaker rules
Analysts say imposing daily trading band impedes whole market, not just share price manipulators
1 Comment(s)
Video: SEC slapped strictures on day trading
Business World
India to sell stakes in two energy companies
The government is looking to sell 10 percent of its stake in Indian Oil Corp and a five-percent stake in Oil and Natural Gas Corp
China to have 200 million vehicles by 2020: state media
China's auto sales hit 13 million units last year, overtaking the United States while sales this year are forecast to hit 15 million units
Reliance on OPEC nations to rise: IEA
OPEC's 12 members, which include Saudi Arabia, the United Arab Emirates and Kuwait, pump about 40 percent of the world's crude oil
Editors Pick
‘Emerging star’ brands may steal the limelight at Unilever
Sri Lankan stock brokers under investigation: official
India's Bharti profit slides 32 percent as price war bites
Hotels benefit form first wave of reverse migration
Spence to pen agreement with Six Senses next month
Markets
Stocks close up 0.45 pct on Tuesday
Large private deals on John Keells Hotels and Aitken Spence boost turnover to almost six billion rupees
Stocks bull run interrupted on Monday
ASI down 0.3 percent, turnover 2.2 billion rupees
Stocks close up 1.6 pct on Friday
Milanka index cross 6,000 point mark, turnover 4 billion rupees
Currency
Stocks
Bonds
Overnight Rates
Now
Last Week
3 mon
7.13
7.28
6 mon
7.80
7.95
12 mon
7.87
8.08
2 years
8.27
3 years
8.57
Source: CBSL
Today
Yesterday
SLIBOR
8.92
8.93
Call
8.54
8.68
Source: CBSL
Close
ASPI
5,858.54
0.37
MPI
6,036.02
0.51
Midcap
Sales Rs.2.2bn
Source: CSE
SL Rs.
SL Rs.
$
113.49
113.42
176.08
175.47
146.93
146.21
1.3537
1.3547
CBSL ( bank selling rates)
People
Going global to be competitive in India: Anand Mahindra
The head of one of India’s largest firms discusses strategy and what’s exciting about Sri Lanka
Video: An exclusive interview with the firms managing director
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
Opinion
Sri Lanka’s attractions need better marketing: Britain’s tourism chief
Urges use of private sector funding to better market the islands attractions like the UK’s ‘National Trust’ does for sites in Britain
Video: Making the most of Sri Lanka's stunning tourism attractions
Former central banker puts a twist on traditionally preached monetary policy
H N Thenuwara on his mainden publication 'Money, Inflation and Output'
Video:Putting a twist on traditionally preached monetary policy
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
Landmark Istanbul hotel bids to revive glorious past
Built in the late 19th century the 115-room hotel has hosted generations of illustrious guests
Liquid Singaporeans investing in fine wines
"it is the sentimental value associated with wine, not just the transactional worth, which ensures it remains less volatile than the stock market":Consultant
Gates and Buffett due in China to meet the wealthy
The two launched a project to convince billionaires across the US to give up 50 percent of their money to a good cause
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Shining
Video: Shine is slowly picking up
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Narrowed losses
Video: Sri Lankan airlines hadnarrowed losses last year to six billion rupees
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Video
Consolidation
Video: Industry consolidation to reduce high interest margins
Video
Trade
Video: Facing up to growing regional integration
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Going green
Video: LOLC group stamps its green credentials
Video
IMF advice
Video: The IMF says Sri Lanka will fall short of its ambitious economic development goals
Video
Suzuki service
Video: Suzuki computers promises to offer first no hassle warranty service
Video
Encouragement
Video: SEC on a drive to encourage private firms to list
Video
Investment
Video: SEC proposes to up pension funds' exposure to capital markets
Comments
It would be foolish to introduce this ever because the Foreign Missions are nowhere near equipped to...
I am sure there are hundreds of more similar professionals who have become citizens of the adopted...
It will take a long time to do all these work. Developments of the rural roads will help the rural c...
This is exactly what the government has to do. The benefits of prosperity is only sharing in the Wes...
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