Financial
Touch wood case and political uncertainty drive Sri Lanka shares down
While foreign investors continued with their selling of shares , Colombo stocks fell 0.68 percent on Tuesday due to negative investor sentiment amidst political uncertainity ahead of April General Elections, profit taking of investors, and intense selling of Touchwood shares, analysts said.
Asian Paints says products carry Lead-free guarantee
Asian Paints Lanka, the owner of a multi-brand portfolio of standard and specialized paints, has announced that its products in Sri Lanka are now covered by a Lead-free guarantee, following a global Green initiative begun by the India-headquartered coatings giant....Colombo readies tax, investment reforms
Sri Lanka will initiate tax and investment reforms in its next budget following a parliamentary election in April, a government official said yesterday, amid pressure from the IMF to rein in a budget deficit....Govt.’s incapacity to stick to budget targets hits share market and investments
Following the Govt.’s declaration that it had overshot its deficit target in its budget 2009 , and still worse , it will miss this year too , has caused a plummeting of the share market which fell 1.22 % to a more than one week low on the 3rd of March owing to a negative investor confidence....Fitch Upgrades Singer Finance Lanka Ltd to 'BBB(lka)'
Fitch Ratings Lanka has today upgraded Singer Finance (Lanka) Limited's (SFL) National Long-term rating to 'BBB(lka)' from 'BBB-(lka)'. The Outlook is Stable....John Keells presents Soft Skills workshops at the University of Moratuwa
“From this programme I was able to understand the gap between local graduates and the industry. I was also able to get a good idea about what the private sector needs and what [kind of] person they look for,” said T.H.K. Nawarathna, a Final Year student of the University of Moratuwa and participant at “The Final Step” – Soft Skills Workshops - a five-day series of soft skills workshops, conducted by John Keells Social Responsibility Foundation in collaboration with the Career Guidance Unit (CGU) of the University from 8-12 February, 2010 at the University of Moratuwa. ...'FH Studio Collection' to Czech Republic after success at Colombo Fashion Week
Sri Lanka’s “FH Studio Collection’ has clinched markets in the Czech Republic following its success at the recent “Colombo Fashion Week 2010”....Gas prices to remain same until elections are over
Gas prices will remain unchanged for the next two months, Minister Bandula Gunawardena said. ...Sri Lanka clothing industry – ‘We will have ethics but no business’
Sri Lanka’s clothing industry has been admired for improving working conditions but it is now in crisis. Not through its own fault, but because of the Sri Lankan government’s alleged war crimes against ethnic minorities. ...Gas price revision on Monday
The price of domestic gas is to be revised tomorrow night following discussions with the local gas companies, Consumer affairs Minister Bandula Gunawardena said....
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