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Sri Lanka ups policy rates PDF Print E-mail
Friday, 03 February 2012 12:52
The Monetary Board of Sri Lanka has finally decided to increase the policy rates by 50 basis points owing to increased private sector credit growth that is resulting in a widening trade deficit
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January inflation slows to 3.8% PDF Print E-mail
Tuesday, 31 January 2012 23:05
Sri Lanka’s January inflation slowed to 3.8 percent from a year and from 4.9 percent recorded in December 2011, the data released by the Census and Statistics Department said
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Market rebounds PDF Print E-mail
Wednesday, 25 January 2012 22:35
The Colombo equity market rebounded today to the positive territory however on a lackluster note. ASI closed at 5,556.29, up 20.2 points (+0.36%) while sensitive MPI settled at 4,736.93, up 26.03 (+0.55%). Market turnover stood at Rs.628.8mn
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Bourse starts new week weak PDF Print E-mail
Monday, 23 January 2012 22:59
The Colombo Stock exchange started the new week on negative dynamics where benchmark indices fell sharply throughout the day. Furthermore all the sectors except for oil palm sector depicted considerable losses
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Net foreign buying first time in 2012 PDF Print E-mail
Thursday, 05 January 2012 21:12
Although Colombo bourse continued to be weighted down by notable selling pressure during the trading today, foreigners emerged as net buyers for the first time in the New Year
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Bourse back in red PDF Print E-mail
Tuesday, 03 January 2012 22:26
The Colombo stock market ended lower for the second consecutive day for the week due to rising uncertainties
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HUTCH AWARDS CRICKET & RUGBY FANS PDF Print E-mail
Tuesday, 27 December 2011 15:45
With the celebrated Rugby World Cup just coming to an end and cricket still being a hot topic due to on-going matches, Hutch organised a competition that was close to their customer’s hearts. The sports-themed SMS competition, which saw island wide participation, resulted in two customers emerging as the lucky winners at the end of the programme.
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Bourse ends in red PDF Print E-mail
Tuesday, 20 December 2011 22:53
Colombo stocks ended lower today with both indices recording further losses. Benchmark ASI closed at 5,851.94, lost 9.02 index points (-0.15%) and sensitive MPI closed at 5,088.25, a drop of 17.16 index points (-0.33%). Market turnover stood at the year to date low of Rs.382.1mn
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World's cheapest tablet Aakash goes on sale PDF Print E-mail
Thursday, 15 December 2011 15:12
NEW DELHI: Datawind, the maker of the world's cheapest tablet has put up for sale about 30,000 tablets online at a price of Rs 2500 each, with a delivery period of seven days
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Dialog redials Suntel PDF Print E-mail
Wednesday, 14 December 2011 20:14
Sri Lanka’s celco leader Dialog Axiata is believed to have finalized a deal to buy over 100 percent of fixed line-CDMA operator Suntel Private Limited; an informed source reveled to Mirror Business
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CIC inks partnership with Dubai-based S.S Lootah PDF Print E-mail
Tuesday, 13 December 2011 10:25
Dubai-based S.S. Lootah International, through its subsidiary company, Creative Choice has entered into a partnership deal with Sri Lanka-based CIC Agri Businesses, to jointly address the agri market requirements in the UAE and explore the opportunities in Africa, a foreign news report said.
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Aitken Spence books Rs.630mn capital gain via terminal stake sale PDF Print E-mail
Thursday, 26 January 2012 19:13
Aitken Spence PLC informed the Colombo Stock Exchange today the firm would realise a capital gain of approximately Rs.630 million on the sale of its shareholding in Colombo International Container Terminal (CICT) to China Merchant (International) Company Limited (CMHI)
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SAVOUR THE PREMIUM ‘BLUE-OCEAN’ RESIDENCIES… PDF Print E-mail
Wednesday, 25 January 2012 15:22
Blue Ocean Residencies is a subsidiary of Blue Ocean Holdings – a Group of companies marking international presence with diversified interests in the fields of Education, Construction, Corporate Consultancy, Trading, Electrical and Engineering Consultancy.
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Nestlé invests in Rs.1.1bn noodle factory PDF Print E-mail
Wednesday, 11 January 2012 19:39
Nestlé Sri Lanka, the local subsidiary of the world’s leading nutrition, health and wellness company, opened its new noodle plant at its state-of-the-art manufacturing facility in Kurunegala a while ago, marking the second phase of its investment commitment of Rs.10 billion in Sri Lanka
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Indices record losses PDF Print E-mail
Wednesday, 04 January 2012 21:08
Colombo stocks ended in red zone today with notable losses in both benchmark indices. ASI dropped by 62.90 points (-1.04%) to close at 5,972.75 while sensitive MPI dropped by 53.99 points (-1.03%) to close at 5,120.89
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ComBank deal pushes bourse up PDF Print E-mail
Tuesday, 27 December 2011 22:36
The Colombo bourse started the last trading week of 2011 on a positive note with both indices recording notable gains for the third consecutive day
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Indices up, revenue dips PDF Print E-mail
Thursday, 22 December 2011 22:12
The Colombo bourse recovered sharply today to the positive zone with notable turnaround in the indices however with thin volume
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AVIVA NDB RECORDS LKR 9.9 BILLION CONSOLIDATED REVENUE AS AT Q3 PDF Print E-mail
Thursday, 15 December 2011 20:45
December 15, 2011 Colombo: Financial results of AVIVA NDB insurance demonstrated a positive growth gathering momentum in the first 9 months of 2011 ending on 30 September. Consolidated revenue amounted to LKR 9,912 million while Gross Written Premium income of the composite business stood at LKR 8,268 million. The latter showed a satisfactory growth of 15% over the corresponding period in the previous year.
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Dialog dials Suntel PDF Print E-mail
Thursday, 15 December 2011 01:26
Sri Lanka’s Dialog Axiata’s subsidiary, Dialog Broadband Private Limited (DBN) yesterday entered into a share purchase agreement (SPA) to purchase 100 per cent of Suntel Limited, the second largest wireless fixed line operator in Sri Lanka, from its current shareholders
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Bourse ends positive PDF Print E-mail
Tuesday, 13 December 2011 22:41
Colombo Bourse ended on positive territory today with ASI and MPI gaining 39.34 points (+0.8%) and 29.66 points (+0.5%) to close at 5,994.66 and 5,267.74 respectively. The market turnover was LKR 461.7mn
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Selected Lankan businesses to get faster UK visas PDF Print E-mail
Wednesday, 07 December 2011 22:12
The British High Commission (BHC) today launched a new fast track visa pilot scheme for selected Sri Lanka companies doing regular business with the United Kingdom
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