Reuters – Sri Lankan shares hit their highest closing in more than six weeks on Tuesday, as foreign buying boosted sentiment while block deals lifted the day’s turnover, stockbrokers said. The Colombo stock index ended 1.1 percent firmer at 6,146.69, its highest close since Feb. 17. The index rose 1.1 percent last week, posting its…
Brush manufacturer and exporter of sanitary maintenance tools, B P P L Holdings Limited (BPPL) rang the opening bell to commence trading and celebrate the listing of its shares on the Colombo Stock Exchange (CSE) today. Chairman Mr. Sarath Amarasinghe, Managing Director Dr. Anush Amarasinghe and members of the Board of Directors and Senior Management…
George Steuart Health recently launched the world’s first biosimilar known as Remsima (Infliximab), approved by the United States Food and Drug Administration and the European Medicines Agency. The launch was held at the Cinnamon Grand Colombo recently and was attended by key opinion leaders representing vital segments of the medical industry including Rheumatology, Gastroenterology and…
Reuters – Sri Lankan shares closed at their highest in more than three weeks on Monday, rising for a fifth straight session as foreign buying boosted sentiment while block deals pushed the day’s turnover, stockbrokers said. The Colombo stock index ended 0.3 percent firmer at 6,080.01, its highest close since March 10. The index rose…
President Maithripala Sirisena opened the newly built Kotmale dairy products factory in Mirigama yesterday (3rd April). The production complex was built by the Cargills (Ceylon) PLC by infusing a huge investment into the local dairy industry. Ministers Arjuna Ranatunga, P. Harrison, the Chairman of Cargills, Louis R Page, and Deputy Chairman Ranjit Page also participated.
Minister of Finance Ravi Karunanayake is in New Delhi to participate in the sub regional Economic Cooperation Summit of South Asia, which was inaugurated in New Delhi yesterday (3rd April). Several issues with regard to economic affairs of SAARC nations are scheduled to be discussed at this summit. The summit will also discuss challenges faced…
Nalin Perera has been appointed as the Chief Executive Officer (CEO) of Mobitel (Pvt) Ltd. He started his career at Mobitel in 2001 as General Manager Marketing and progressed to the positions of Senior General Manager Marketing and Senior General Manager Contact Centre Operations respectively. He also held the position of Chief Marketing Officer and…
Asian Paints today said its subsidiary Berger International has fully acquired Sri Lanka’s Causeway Paints in an all cash deal of Rs 387 crore. Berger International Pvt Ltd (BIPL) has today completed the transaction for a consideration of LKR (Lankan Rupee) 9,050 million (approximately Rs 386.75 crore) in cash, Asian Paint said in a BSE…
Toyota has announced a recall of around 2.9 million vehicles over faulty airbags supplied by Takata Corp Toyota has announced a recall of around 2.9 million vehicles globally over a fault with the airbag supplied by Takata Corp, reported Reuters. Takata Inflators use a chemical compound, ammonium nitrate, which is said to be unsafe if used…
Only Sri Lankan bank to win two awards from prestigious magazine The Commercial Bank of Ceylon has annexed two more prestigious international awards, being adjudged the ‘Best Domestic Bank’ and the ‘Best Digital Bank’ in Sri Lanka by Asiamoney, considered the most authoritative voice for the banking industry in the Asia Pacificregion. Asiamoney’s Best Domestic…
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