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Warns of deflation Don't reduce fuel prices! – CB Gov...


By Charumini de Silva Ceylon Finance Today: Central Bank Governor Ajith Nivard Cabraal yesterday implored the government not to reduce fuel prices, as it would lead to deflation.The benefit of the reduction in global petroleum prices should be used to redeem the Ceylon Petroleum Corporation debt, Cabraal told Ceylon FT yesterday. The reduction in international oil prices would help the country in bringing down the cost of oil imports, which would be a very favourable for the economy...

Unilever Sri Lanka demonstrated its commitment to developing a better Sri Lanka at the Best Corporate Citizen Sustainability Awards 2014, organ...

Continuing its efforts to innovate the lotteries sector for the betterment of all Sri Lankans, Mahapola Lotto has launched a new mobile sales p...

By J. Kurukulasuriya Ceylon Finance Today: Blue Diamonds Jewellery Worldwide, which initially announced its Rights Issue of shares on 16 October have announced the details and proportions of the issue today — Wednesday. Voting shares will be sold to shareholders at a price of Rs 1.30 per share and non-voting shares at 75 cents each.The share traded at Rs 1.80 per voting share and 80 cents per non-voting share, today. However, leading share brokers whom Ceylon Today spoke to were ...

By Paneetha Ameresekere Ceylon Finance Today: The bourse continued to tumble due to the turbulent political situation in the country, with the benchmark ASPI falling by 0.89% to 7,115.89 points and the more sensitive.S&P SL 20 Index by 1.39% to 3,968.58 points on a Rs 1.32 billion turnover at yesterday's trading.The bourse, since former UPFA Minister and SLFP General Secretary Maithripala Sirisena, with the backing of the market friendly opposition UNP, announced his presidential c...

By J. Kurukulasuriya Ceylon Finance Today: Economist and expert on Chinese trade, Subashini Abeysinghe said that China building ports in the Asian region - the 'String of Pearls'- was not militarily motivated, as alleged by some countries - rather, it is to safeguard China's commercial interests. She was addressing a lecture/panel discussion on 'Doing Business with China-FTA and Beyond', on WednesdayExplaining, she said that 80% of oil and gas went to China through the Straits of M...

By Mario Andree Ceylon Finance Today: Minister of Investment Promotion Lakshman Yapa Abeywardena, addressing the Asia-Pacific Investor Forum in Colombo, implored investors to explore new vistas now available at Hambantota as the new economic centre, and the Chinese built Colombo Port City as a commercial zone.Sri Lanka had vast opportunities for investments, he told the conference delegates. Further, he highlighted the China Communication Construction Company's Colombo Port City as an ...

By Ravi Ladduwahetty Ceylon Finance Today: A total of 14 Pacific Islands want to seek Sri Lanka's equity and expertise in the areas of tourism and hotels along with the infrastructure development and education."We are a part of a delegation which are here, which will seek the expertise of the Sri Lankan corporate sector and we will be shortly talking to them," Trade Commissioner of the Pacific Island Trade and Investment Commission Michael Greenslade told Ceylon FT yesterday in an excl...

The Capital Maharaja Organization Limited (TCMOL), one of the largest private business conglomerates in Sri Lanka, has won the 'Best Run Awar...

By Mario Andree Ceylon Finance Today: Sri Lanka is equipped to leapfrog in developing its economy if the country integrates its social and cultural finesse to advance after a major setback during which other regional economies took advantage of. Chairman ESCAP Business Advisory Council Datuk Seri Mohamed Iqbal Rawther at the inauguration of the Asia-Pacific Business Forum said, Sri Lanka has advantage in advancing its economy. Highlighting the rich culture and the country's social s...

Anilana Hotels and Properties PLC's Rights Issue, which closed today, was fully subscribed attracting applications over and above the number offered under the Rights. The Rights issue offered Ordinary Shares in the ratio of two shares for every seven shares held by the registered holders of Ordinary Voting Shares in the Company at an issue price of LKR7/- per ordinary voting share. The Company offered 109,624,114 Ordinary Voting Shares, making it a total 494 million shares. The Offer c...

Ajith Paranavitane was appointed to the Board of Singer (Sri Lanka) PLC as an Alternate Director, with effect from 13 November, 2014. Paranavitane is also currently responsible for IT operations at Singer Asia and is a Vice President of Singer Asia for Information Services. Since joining the Singer Group in July 1987 as a Data Processing Manager, Paranavitane has had an illustrious career marked by regular promotions and continual self-improvement. His diligence and focus on results ...

Ceylon FT

Ceylon Finance Today: Central Bank Governor Ajith Nivard Cabraal yesterday implored the government not to reduce fuel prices, as it would lead to deflation.The
Unilever Sri Lanka demonstrated its commitment to developing a better Sri Lanka at the Best Corporate Citizen Sustainability Awards 2014, organized by the Ceylon
Continuing its efforts to innovate the lotteries sector for the betterment of all Sri Lankans, Mahapola Lotto has launched a new mobile sales promotions motor vehicle
Ceylon Finance Today: Blue Diamonds Jewellery Worldwide, which initially announced its Rights Issue of shares on 16 October have announced the details and proportions

Focus

Southern Province Beauty Queen, Premawathie Manamperi was brutally killed and buried alive. She was also raped. An informant in the area had told the Army that
This week's Agnus Dei crosses the floor to look at crossovers or expulsions as it is termed in the judicial language or legal English. Crossovers or de facto defections
Wolves, as the saying goes, don't disturb grazing deer: They lie in wait to pounce on deer when they are full and, therefore, can't run fast on loaded stomachs.
As we develop, we distinguish right from wrong and wish to behave responsibly and think of ourselves as moral individuals. Moral norms and taboos are internalized