Colombo stock market started its’ weekly operations on a positive note where ASI managed to reach 6,300 mark after 11 months. ASI gained 18.29 index points or 0.29% to close at 6,303.16 while 20-scrip S&P SL index up by 23.65 index points or 0.68% to end at 3,480.91. Price appreciations in Bukit Darah (closed at…
Many Facebook users are unable to access their accounts as the social network website is reportedly not working at the moment. Reports on Twitter are corroborating evidence that Facebook’s website is down for many, Tech Crunch reports. The social network posted a message to its developer site, apologizing for the inconvenience caused to Facebook users…
Ceylon Tobacco Company (CTC) which enjoys the sole monopoly of the cigarette market in Sri Lanka has released its latest summary of performance for the three months ended 31 March 2014. The report indicates that CTC has contributed a massive sum of Rs. 15.9 billion to the government revenue within the three months ended 31…
Jayantha Dhanapala, the independent non-executive director of Dialog Axiata PLC, has given notice of his decision to retire from the company’s board of directors due to personal reasons. Accordingly he will retire in terms of Section 210 of the companies Act No 07 of 2007, at the conclusion of the forthcoming Annual General Meeting of…
Gambling billionaire James Packer and Channel Nine boss David Gyngell have been fined $500 over their public brawl at Bondi. Police say they have issued two Criminal Infringement Notices for offensive behaviour following the fight in Sydney’s east over the weekend. The penalty notice carries a fine of $500 if it goes uncontested by the…
Colombo shares concluded weekly operations on Friday recording a 23-month high turnover of LKR 7.15bn. Approx. 586mn shares of Expolanka changed hands at LKR 10.70 per share at the beginning of today’s trading session which also resulted to a 29-month high daily volume of 630mn shares. The crossing was 88% of the daily market turnover….
Though a 30 percent stake has been bought by a Japanese company, Hanif Yousuf who was Chief Executive Officer will continue in his position, says Expolanka Holdings. S.G. Holdings Global (Pte) Ltd bought a 30 percent stake of Expolanka Holdings this morning. In this transaction 586.4 million ordinary shares of Expolanka Holdings were bought by…
Japan based S.G. Holdings Global Pte.Ltd has bought a 30 percent stake of issued share in Sri Lanka’s Expolanka Holdings Plc today. S.G. Holdings purchased 586.4 million shares in the deal.
The Urban Development Authority (UDA) has prepared a major plan to develop the Kottawa town which is the closest to the Makumbura interchange of the Southern expressway. A four acre plot of land belonging to the Department of Probation and Childcare in Kottawa is to be acquired by the UDA to expand this area. A…
Colombo bourse managed to maintain the momentum gained yesterday where both indices witnessed positive returns. Benchmark index gained 23.13 points (+0.37%) to end at 6,275.73 while 20-scrip S&P SL index gained 12.81 index points or 0.37% to close at 3,446.76. Price appreciations in Nestle Lanka (closed at LKR 1,985.00, +2.3%), Bukit Darah (closed at LKR…
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