Sri Lanka’s Cargills group owned Cargills Bank had said that the bank is temporarily restricting E commerce transactions based on given recent reports on potential Cyber Crimes, a sms communication sent to all credit and debit cardholders by the bank outlines. “Dear customer given recent reports on potential Cyber Crime E commerce transactions have been…
Jaykay Marketing Services generated 77% revenue Sri Lanka’s leading conglomerate John Keells Holdings (JKH) owned key retail listed entity Colombo Cold Stores (CCS) consolidated revenue had increased by 16% to Rs. 59 billion with fully owned subsidiary Jaykay Marketing Services (Pvt) Ltd – JMSL accounting for approximately 77% of revenue and CCS & The Colombo…
Reuters – Sri Lankan shares closed slightly firmer on Thursday and extended gains into a fifth session, but trading volume slumped to a near five-month low amid worries over economic slowdown and lack of investor appetite for risky assets. ** Traders said the Easter day bombings and aftermath violence weighed on investor sentiment. Most investors…
Stock markets gained on Tuesday, with chipmakers and companies exposed to Asia among the best performers, after Washington temporarily eased trade restrictions imposed last week on China’s Huawei. In Europe, the broader Euro STOXX 600 climbed 0.6%, extending gains earlier in the trading session, with Germany’s DAX rising 1.1%, while France’s CAC 40 added…
Sri Lanka’s Central Bank (CBSL), on behalf of the Government, has only been able to raise US $ 165.5 million via the latest issuance of Sri Lanka Development Bonds (SLDBs) to the tune of US $ 200 million since only US $ 196 million worth of bids received, reports highlight. In a similar move…
International Monetary Fund (IMF) advises Securities and Exchange Commission of Sri Lanka (SEC) to streamline the current enforcement program and bring several high-profile criminal actions soon that will have a positive impact on the public’s confidence in the SEC as a regulator, a technical assistance report for enhancing the effectiveness of the Sri Lankan Securities…
Allianz today (23) announces the appointment of Gany Subramaniam as the Chief Executive Officer of Allianz Insurance Lanka Ltd & Allianz Life Insurance Lanka Ltd (Allianz Lanka), overseeing the growth strategy of the business and with overall management responsibility of all Allianz operations in Sri Lanka. Effective 1 June, Gany succeeds Surekha Alles, who…
Piramal Glass Ceylon PLC (PGC) completed yet another challenging year with highest ever export turnover, PAT of Rs 346 Mn & the Overall Turnover crossing the Rs. 7 Bn mark. A total revenue achieved for the year was Rs.7,398 Mn as against Rs.6,816 Mn of the previous year. The domestic revenue remained almost at par…
Sri Lanka’s financial market regulator Central Bank (CBSL) will be introducing a 25% percent ownership limit in licensed finance companies (LFCs) following stakeholder consultations on the plan, a recent consultation paper calling for public views outline on the Central Bank’s website. A letter from Central Bank said that the new move is to strengthen…
Reuters – Sri Lankan shares closed slightly higher on Wednesday, extending gains into a fourth session, but trading volume slumped to a near three-week low. ** Traders said the Easter day bombings and aftermath violence weighed on investor sentiment. Most investors have shied away from the market since the April 21 bombings that killed more…
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