The stock market took a tumble for the fourth consecutive market day on Thursday, led by blue-chips after making pyrrhic gains last Friday, as averred too in these pages in last week’s issue of The Sunday Leader.The market saw the benchmark ASI fall by 178.35 (2.5%) and the more sensitive MPI by 163.97 (2.5%), in [...]
By Raisa Wickrematunge Another National Mosquito Control Week was declared from June 20 to 26, in view of a ‘risk of resurgence of [the] dengue epidemic.” The Epidemiology Unit website reports that there have been 2286 cases of dengue reported in June alone. Once again, Colombo is the worst affected, with 1,146 cases reported this [...]
Pressure on the exchange rate continued throughout last week due to importer demand with the Central Bank of Sri Lanka (CBSL) defending the same at the Rs. 109/60 level to the US dollar, a market source told this reporter. Even state banks are on the buying side, an indication that there may be certain government [...]
By Richard Browne The sun is now shining in England, a rarity during Wimbledon fortnight and this should bring a smile to Sri Lankan faces especially as the Tests are out of the way and their favoured shorter formats are beginning. While Sri Lanka were the team scratching their heads during the Tests, especially about [...]
Here’s a newsflash for you: Japan is not as important to global supply chains as you may think. If you recall, in the immediate aftermath of the devastating earthquake in Japan and the tsunami, there was a major concern worldwide that the disaster would have serious impact on global supply chains, particularly those involving the [...]
By Rohan Wijesinghe Former St Joseph’s, Sri Lanka School’s And NCC Opener. A slender frame, garbed in his beloved Blue Black and Blue blazer….so flamboyantly blew out 91 candles on May 24, 2011 . That’s R.B. Wijesinha for you – the oldest Sri Lankan cricketer, gracing our grass yet. I unearthed the legend, blessed with [...]
By Dinouk Colombage It is likely that questions will be asked about the suitability of England’s tour to Sri Lanka, scheduled for this winter’. This was a sentiment expressed by former England captain Michael Atherton in response to the release of the controversial Channel 4 documentary. Atherton’s comments have come at the worst time possible [...]
Cinnamon Grand Colombo won the Trans Asia (Cinnamon Lakeside) challenge trophy by three wickets in the 41st over by reaching the target of 150 runs set by Cinnamon Lakeside. The annual limited over cricket spectacle between Cinnamon Grand and Cinnamon Lakeside was played out to a thrilling conclusion on June 12 at the Moors grounds [...]
German exports rose to an all-time high of Euro 98.3 billion in March, according to new data released recently. Germany’s logistics industry has been a key beneficiary of this export momentum with airfreight handled in Germany growing by a record 21% to reach over 4.4 million metric tons (mts) last year. “These developments confirm Germany’s [...]
By Nirmala Kannangara The prime suspects of the biggest fraud in a listed manufacturing entity, the Hayley’s MGT fraud case, were remanded for a further period of two weeks by the Matugama Magistrate on June 20, till July 4, until further investigations are conducted. The two suspects, former Joint Managing Director Hayley’s MGT Bandula Weerasinghe [...]
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