Asia Securities Advisors (Pvt) Ltd. acted as the buy-side advisor and Asia Securities (Pvt) Ltd acted as the executing stockbroker to the Blackstone Group in its landmark acquisition of Piramal Glass Ceylon PLC today (30). Company said this transaction reaffirms Asia Securities’ position as the preferred investment banking and stockbroking partner to the most sophisticated…
The Colombo Stock Exchange (CSE) recorded its highest daily turnover of Rs 7.4 bn, since the previous high of Rs 23 bn recorded on 01st February 2021. Furthermore 6.2 bn crossing of Piramal Glass Ceylon PLC records as the single largest transaction since 01st February 2021. The market further recorded a total share volume of…
Sri Lanka’s leading plastic recycler Eco Spindles (Pvt.) Ltd, a fully-owned subsidiary of BPPL Holdings PLC, was recently ranked among the Global Recycling Foundation’s top ten #RecyclingHeroes of 2021. This achievement marks a monumental milestone for the local recycling giant, as the Global Recycling Foundation meticulously processes nominations received by progressive companies, individuals and communities…
Phase 1 to see production increase of 65% Phase 2 to increase capacity by 125% by June CEAT Kelani Holdings has announced another significant increase in production that will more than double the number of Truck Bus Radial (TBR) tyres reaching the domestic market by June this year, further supporting the national effort to reduce…
Piramal Glass Pvt Ltd, a major shareholder of Piramal Glass Ceylon PLC, sold its entire stake to PGP Glass Pvt Ltd this morning (30). Piramal Glass Pvt Ltd sold 536,331,880 shares or 56.45% of its shares at a price of Rs. 11.60 each. The total value of this transaction is Rs. 6.22 billion. PGP Glass…
Empowering health care sector towards the sustainable management of waste Sri Lanka generates 7,000 Metric Tonnes (MT) of waste daily, of which only half of the total is collected and 60% (4,200 MT) comes from the Western Province, posing severe pollution risks; to the environment, communities and those who handle waste. This issue of waste…
The regulatory framework to develop Sri Lanka’s boat building industry was officially handed over to the implementing agencies under the patronage of Minister of Trade, Hon. Dr.Bandula Gunawardena on 29th March, at the Trade Ministry. Speaking at the occasion, Minister Gunawardena remarked that it was imperative for Sri Lanka to pursue a strategy reliant upon…
Bangladesh’s container ship operator HR Lines Limited, will be launching the Colombo-Chattogram feeder service on the 4th of April 2021, in partnership with, Clarion Shipping (Pvt) Limited, a subsidiary of Hayleys Advantis Limited. The operation will commence with two of the newest container vessels to be added to the fleet of HR Lines, MV HR…
Good Life X (GLX) Garage was very much an innovative experiment to take the best of Sri Lanka to the world! Good Life X brought together 5 sustainable SMEs in the food, agriculture and design sectors who were seizing opportunities to be different, innovative and wanted to take on the global “conscious consumers” by storm. As part of…
Another EVERGEEN mega container ship was troubled, EVER GIVEN sister ship EVER GENTLE, at Taipei Port, Taiwan, at around midday Mar 27, during cargo operations. Gantry crane struck ship’s funnel, severely damaging it. Crane and funnel were parted in some two hours, EVER GENTLE left Taipei shortly after mishap, bound for Yantian, China. Container ship…
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