Category:
Cash Is King
Given the recent yo-yo mood swings in the equities market, stockbrokers Asia Securities says punters should now focus on a companys cash reserves as a litmus test before investing.The market is presently highly volatile, low priced endash in absolute terms endash shares, with at times questionable earnings quality and balance sheet strength, and in view […]
Tightening Colombo
The government said Wednesday that it had beefed up security in and around Colombo after yesterdays bomb blast, but investors had lquote nothing to worry about as it was an isolated attack. ldblquote Security in and around Colombo has already been increased but investors have nothing to worry because there is no huge safety issue […]
Second Warning
Continuing its campaign against pyramid schemes, Central Bank is again warning the public that persons who buy a product, not for its own sake but expecting future returns from getting more enter the scheme, are not engaging in a simple trade transaction but a different type of game. “As the expectation of future returns is […]
Moving Up
Yields for three month treasuries move up at Wednesdays auction indicating market demand for short-term maturities.rnrn rnHowever, the Central Bank said that yields for six and twelve month paper rnremained unchanged. rn rnResults as follows:rn rn rn rn rn rn rn Bids rn Rcvd rn rn rn rn Amount Accp rn rn rn Avg. […]
Listing Rules
The securities watchdog will shortly include fresh guidelines to the ongoing listing rules to facilitate close ended unit trust. The move comes after the Securities & Exchange Commission (SEC) unveiled a new code for mutual funds which included issuing licenses for close ended unit trusts.rn rnA close-ended fund or scheme has a stipulated maturity period […]
Indian Bedfellow
John Keells Hotels will take its first steps into India, scouting for prospects in joint hotel and resort management in the neighbouring country.rnrn“We have been flirting with India and have been looking at it for the hotel sector for the past couple of years, even previously looking at beach properties in Goa,” Managing Director John […]
Colombo Rocks
The bomber was escorted to a police station opposite the US and British diplomatic missions after security guards prevented her from entering a ministry in the high-security area of Colombo, a military official said.rn “She was being questioned and about to be searched by two women police constables when the blast occurred,” the official told […]
Bomb in Colombo
The Colombo stockmarket reacted negatively to the Wednesday morning suicide bomb explosion that has so far left four dead and fifteen others in hospital,. The explosion took place when a female suspect taken in on suspicion blew herself up inside the Colpetty Police station.rn rnSecurity sources believe that the suicide bomber could have targeted Secretary […]
Short Haul
International tourist traffic could dip to 900 mn tourists from earlier targets of 1 bn in 2010, as global events radically alter the dynamics of future travel.rnrn Travel dictated by global terrorism, disease and weak economies have cut back on long haul travel with as much as 80 percent visiting lquote close-to-home.rn rn”About 80 percent […]
Holiday Exchange
RCI, a vacation ownership exchange is setting up shop here to promote the island as a holiday destination to its membership.The exchange allows members to trade their pre-booked holiday retreats or time-share holidays in an RCI affiliated resort for a week or more in other affiliated facilities around the world. rn rnRCI says it has […]
A drop in rice production in the current Yala season could see Sri Lanka going hungry for rice.
A drop in rice production in the current Yala season could see Sri Lanka going hungry for rice after November.A drop in rice production in the current Yala season could see Sri Lanka going hungry for rice after November. The Agriculture Minister Anura Kumara Dissanayake told Lanka Business Online on Tuesday that the Government is […]
Stay Put
Stockbrokers Asia Securities has downgraded Asian Hotels & Properties (AHPL) to hold, based on its poor short-medium term earnings prospects and an uncertain investment climate.rnrn Asian Hotels rnlong-term growth potential critically depends on the success of its new rnapartment complex endash The Monarch endash and the ability of its new management to add rnvalue to […]