-
1 week ago | 
island.lk | Sahan Weerasooriya |Hiran H.Senewiratne
The CSE activities continued to be down yesterday due to growing tensions in the West Asian region, where military clashes between Iran and Israel have prompted concern about potential damage and disruption to the region’s important oil and gas fields and infrastructure. Amid those developments both indices moved downwards. The All Share Price Index went down by 238 points while the S and P SL20 went down by 65.31 points. Turnover stood at Rs 3.9 billion with nine crossings.
-
2 weeks ago | 
island.lk | Sahan Weerasooriya |Lynn Ockersz
The lights are out in the factory,Human activity is petering out…Solemn workers are heading home,To dying hearths and mourning wives,Today being their last day at work,But the flabby Captain of Business,Who thus far called the shots,Is making good his escape,Amid the Law’s shrill silence,His sleek taxi roaring airport-bound,But the weight on his conscience,Is as cumbrous as his mounting luggage.
-
3 weeks ago | 
island.lk | Sahan Weerasooriya |Hiran H.Senewiratne
SriLankan Airlines, long a subject of national debate and a significant drain on public funds, appears to be charting a new course. In a move signaling a potential turnaround for the embattled national carrier, a newly acquired Airbus A330-200 landed at Bandaranaike International Airport yesterday, fresh from Paris.
-
3 weeks ago | 
island.lk | Sahan Weerasooriya |Hiran H.Senewiratne
The CSE hit a bullish all-time high yesterday due to the low monetary policy stance and conducive macro- economic policy conditions prevailing in the country, market analysts said. Both indices moved upwards. The All Share Price Index moved up by 234.5 points, while S and P SL20 rose by 108.5 points. Turnover stood at Rs 7.3 billion with 12 crossings.
-
1 month ago | 
island.lk | Sahan Weerasooriya |Hiran H.Senewiratne
The year under review has been a pivotal one for the Group, marked by bold investments coming to fruition with the successful launch of two of the Group’s most ambitious and largest investments to date – City of Dreams Sri Lanka and the West Container Terminal (WCT-1) at the Port of Colombo. These landmark developments represent transformative opportunities, poised to serve as catalysts for economic growth, reinforcing Sri Lanka’s position as a logistics and leisure hub in the region.
-
1 month ago | 
island.lk | Sahan Weerasooriya |Lynn Ockersz
When Bread and work were hard to get, In those early days of the seventies decade, Angry young men rose in violent revolt, Seeking better times at gun point, Marking the restless Isle’s modern entry, To decades-long barbaric bloodshed, But the Old Left at the helm, to be fair, Was not helpless and bereft of thought, For it came out with a Five Year Plan, That spelled out steps to economic revival, And though the Plan proved a damp squib, It was evidence that National Planning was alive, And...
-
1 month ago | 
island.lk | Sahan Weerasooriya |Hiran H.Senewiratne
One of Sri Lanka’s fastest growing finance companies, Mahindra Ideal Finance Limited (MIFL), posted robust top and bottom-line performance for the financial year ended 31 March 2025. Backed by strong demand across its lending segments and disciplined cost management initiatives, the Company posted a Profit after tax (PAT) of Rs. 146 million in FY25, an increase of 41% over FY24.
-
1 month ago | 
island.lk | Sahan Weerasooriya |Hiran H.Senewiratne
CSE activities were marginally up yesterday but were nowhere near bullish because local and foreign investors are continuing to be concerned about the possible fallout from the IMF recommendation on hiking electricity tariffs. Besides there are no positive macroeconomic trends that would enable the stock market to move forward, market analysts said. Amid those developments both indices moved upwards marginally with a satisfactory turnover level.
-
1 month ago | 
island.lk | Sahan Weerasooriya |Hiran H.Senewiratne
During the day the CSE witnessed profit- takings in blue chip counters, especially banking sector ones, as most local and foreign investors remained cautious on account of current developments in the macroeconomic area, market analysts said. Amid those developments both indices moved downwards. The All Share Price Index went down by 43.7 points, while the S and P SL20 declined by 14.80 points. Turnover stood at Rs 1.5 billion with five crossings.
-
1 month ago | 
island.lk | Sahan Weerasooriya |Hiran H.Senewiratne
In a milestone celebration that blended legacy with ambition, ESOFT Metro Campus commemorated its 25th anniversary last Thursday at the Shangri-La, Colombo, while launching what was described by some as “a bold new chapter for Sri Lankan higher education”: the unveiling of ESOFT Uni (ESU).
