Brazil isn’t alone in having a national identity so tied to a single sport. India, for one, could claim to be more obsessed with cricket than Brazil is with soccer. It is impossible to quantify which country is more passionate about their favorite sport. But, at the risk of angering a billion people from Kashmir…
The Initial Public Offering (IPO) by Lucky Lanka Milk Processing Company Limited has been oversubscribed by 2.00 pm today (11 July), said the managers to the issue Sri Lanka Merchant Bank. The Sri Lanka Merchant Bank said the 38 million ordinary voting shares of Rs. 228 million and the 24 million ordinary non-voting shares of…
Colombo stocks slugged the seven day winning streak on Friday to close the weekly operations on negative note. Main index declined by 7.46 points or 0.11% to end at 6,661.40 and 20-script S&P SL index declined by 26.98 points or 0.72% to end at 3,708.16. Price depreciations in primary blue chips such as Carson Cumberbatch…
Lanka ORIX Finance PLC has stated that it has obtained a court order against the crisis ridden PCH Holdings PLC selling any of its assets including shares in Dynaris Holdings PLC. Any sale of assets in violation of this order would be considered as contempt of court. Lanka ORIX Finance PLC says that since Dynaris…
The purchase of Hemas Holdings Limited shares to the tune of nearly Rs. 1.5 billion recently by Templeton Trust which a world prominent investments fund, portrays the faith of the international investors on the company as well as on Sri Lanka, said A.N. Esufally, a member of Hemas Holdings Limited. While speaking to AdaderanaBiz.lk, Esufally…
The much-talked about Mall of the World project, a massive temperature-controlled indoor city and shopping complex in Dubai, will take about ten years to complete and require Dh25 billion in funds. It is not clear yet when the construction of the project will start, but according to Dubai Holding Chief Executive Ahmad Bin Byat, the…
Colombo equity market flourished with higher returns on Thursday for the seventh consecutive day in a row, boosting the All Share Index up more than 290.24 points so far for the month. Main bourse advanced notably by 55.02 points (+0.83%) to close at 6,668.86 while S&P SL 20 advanced by 29.08 points (+0.78%) to close…
It would seem to be the most common sense conclusion: Hundreds of thousands of tourists, overwhelmingly male, come to the famously sensual city of Rio de Janeiro, where the women wear tiny bikinis and prostitution is legal. Sex work, therefore, must be booming during the World Cup. A team of academic researchers, including men and…
Capital market revenues for US global trading and universal banks (GTUBs) will be lower year over year when large banks kick off 2Q reporting on July 11, predicts Fitch Ratings, with continued fixed income, currency and commodities (FICC) declines outpacing improving equity capital markets business and M&A. While some GTUBs have publicly telegraphed this potential…
The current Managing Director of the long standing Finlays Colombo PLC is to resign on 14 July and a new Managing Director has been appointed to replace him. Finlays Colombo PLC says current Managing Director Samuel Compton Swire would resign while Alexander Christian Nicolas Johansen would replace him. After his resignation Samuel Compton Swire would…
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