UN overwhelmingly approves global arms trade treaty

Published : 12:23 am  April 4, 2013  |  Category: International  |  Leave a Comment  |  678 views  |  
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Reuters: The 193-nation UN General Assembly on Tuesday overwhelmingly approved the first treaty on the global arms trade, which seeks to regulate the $70 billion business in conventional arms and keep weapons out of the hands of human rights abusers.  Read More →


Fearless Fonny in fresh fight for people’s freedom

Published : 1:33 am  April 3, 2013  |  Category: Front Page  |  Leave a Comment  |  1,461 views  |  
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 Calls on military to stop protecting corrupt regime Former Army Chief hails party registration as a defining moment in democracy Pledges new political culture of true public service via Democratic Party  Calls for communal harmony, says Govt. fostering hate groups  Says devolution must be acceptable to all people of the country By Dharisha Bastians More than three years after he made a bid for the presidency and 10 months after his release from prison, former Army Chief Sarath Fonseka yesterday inaugurated his political party under the symbol of the flaming torch, pledging to change Sri Lanka’s political culture and restore much-needed democracy.  Read More →


Net foreign inflow tops Rs. 5 b

Published : 1:30 am  April 3, 2013  |  Category: Front Page  |  Leave a Comment  |  1,189 views  |  

Locals may continue to lose heart but discerning and more critical foreign investors remain bullish on Lankan equities as the year to date net inflow crossed the Rs. 5 billion mark yesterday. The topping the psychologically important Rs. 5 b mark was surpassed thanks to Rs. 340 million net buying witnessed by the Colombo Bourse yesterday in spite of the market closing flat.  Read More →


Dunamis Group subsidiary First Capital buys DNH

Published : 1:30 am  April 3, 2013  |  Category: Front Page  |  Leave a Comment  |  1,200 views  |  

First Capital Holdings Plc, a subsidiary of Dunamis Capital Plc, yesterday announced plans to buy stock broking firm DNH Financial Ltd., for Rs. 180 million. Without disclosing the entity, FCH said a subsidiary would acquire 100% of DNH whilst effective holding of FCH would be 70%.  Read More →


CBSA launches best practice, web site

Published : 1:29 am  April 3, 2013  |  Category: Front Page  |  Leave a Comment  |  1,628 views  |  
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The Colombo Stockbrokers Association, the apex body that promotes and protects the interests of its members comprising regulated retail and institutional brokerage firms, last night etched two more chapters into its 18-year history.  Read More →


Rajendra to step down as CEO/MD from HNB

Published : 1:26 am  April 3, 2013  |  Category: Front Page  |  10 Comments  |  2,793 views  |  
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Veteran banker Rajendra Theagarajah yesterday announced his retirement from the post of Managing Director and CEO of HNB, the country’s second largest private sector player.  Read More →


SEC advertises DG post

Published : 1:23 am  April 3, 2013  |  Category: Front Page  |  1 Comment  |  682 views  |  

By Shabiya Ali Ahlam The Securities and Exchange Commission (SEC) has begun a fresh exercise to find a suitable fulltime candidate for the post of Director General (DG). The capital markets regulator placed advertisements in national media yesterday giving interested candidates time till 30 April to respond.  Read More →


10th HSBC Colombo Fashion Week starts today

Published : 1:23 am  April 3, 2013  |  Category: Front Page  |  Leave a Comment  |  955 views  |  

By Cheranka Mendis Colombo is ready to host the much-awaited display of colour and design as the premier fashion event of the country, HSBC Colombo Fashion Week, unfolds its three-day extravaganza at Hilton Colombo today.  Read More →


Foreign inflows robust in January

Published : 1:19 am  April 3, 2013  |  Category: Front Page  |  Leave a Comment  |  639 views  |  

The Central Bank disclosed yesterday foreign inflows in January had remained robust.    Read More →


2013 starts with double-digit dip in external trade

Published : 1:13 am  April 3, 2013  |  Category: TOP STORY  |  Leave a Comment  |  1,184 views  |  

The country has started the New Year with a double-digit dip in external trade with exports, imports and trade deficit heading southwards. The Central Bank said yesterday the trade deficit continued to narrow and recorded a 24% year-on-year decline in January 2013. The policy measures implemented early in 2012 to discourage non-essential imports have continued to ease pressure on the trade deficit and therefore on the current account balance. The policy measures adopted have therefore helped withstand the adverse impact of the slowing down of global demand on exports.  Read More →