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Archive for the Economy Category

Former Auditor General resigns as F&G Trust Chairperson

Posted on July 16, 2012 by admin

In a new development at the Finance and Guarantee (F&G) Company Trust appointed by the Supreme Court, chairman of the [...]

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Ajith Devasundera sells his Browns stake for Rs. 1.3 billion

Posted on July 16, 2012 by admin

Two of Sri Lanka’s biggest stock market investors, Ishara Nanayakkara and Ajith Devasundera have finalised a one-billion-rupee deal in which [...]

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Delayed port city costs $200 million more, less land

Posted on July 16, 2012 by admin

The delayed, gigantic Colombo port city project, which is to kick off in October, is almost like old wine in [...]

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LIOC Fuel Suspended

Posted on March 6, 2012 by Writer

The government has ordered the suspension of the distribution of fuel from the Trincomalee Lanka Indian Oil Company (LIOC) Tank [...]

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Rupee strengthens on dollar sales by state banks

Posted on February 15, 2012 by Writer

Sri Lanka’s rupee currency, which had an all-time closing low on Tuesday, initially weakened further today but then strengthened as [...]

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PAC wants VAT scam suspects charge-sheeted

Posted on February 11, 2012 by Writer

The parliament Public Accounts Committee (PAC) has directed the Inland Revenue Department officials to charge sheet those involved in the [...]

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India’s Jubilant Foodworks plans 2 more stores in SL

Posted on February 9, 2012 by Writer

Jubilant Foodworks , which runs the Dominos Pizza chain in the country, plans to open two more stores in Sri [...]

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Market rebounds

Posted on January 26, 2012 by Writer

The Colombo equity market rebounded today to the positive territory however on a lackluster note. ASI closed at 5,556.29, up [...]

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SAVOUR THE PREMIUM ‘BLUE-OCEAN’ RESIDENCIES…

Posted on January 26, 2012 by Writer

Blue Ocean Residencies is a subsidiary of Blue Ocean Holdings – a Group of companies marking international presence with diversified [...]

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Bourse starts new week weak

Posted on January 25, 2012 by Writer

The Colombo Stock Exchange started the new week on negative dynamics where benchmark indices fell sharply throughout the day. Furthermore [...]

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