R. Senthilverl, a prominent investor in the Colombo Stock Exchange has sold 9.1 percent or 26.8 million shares of Pan Asia Bank to Taprobane Holdings Limited at around 10.49 this morning. This transaction has been carried out as a crossing where the shares have been sold at Rs. 20 each, say informed sources. This transaction…
Forty percent of the population in Sri Lanka is computer literate, reveals the latest Mid-year Fiscal Report released by the government. This has been revealed by the Mid-year Fiscal Report 2014 released by the Finance Ministry. This report also states that among every 9.8 among 100 persons among the population enjoy access to the internet….
Overview — The rating on Sri Lanka balances external, fiscal, and institutional constraints with a strong economic growth profile, the improving financial performances of public enterprises, and declining inflation. — We are affirming our ‘B+’ long-term and ‘B’ short-term sovereign credit ratings on Sri Lanka. — The stable outlook reflects our expectation that Sri Lanka’s…
Google announced in a recent blog post that it has added 13 new languages to Gmail, with Afrikaans and isiZulu among them. Gmail was already available in 58 languages, and in bringing that total to 71 Google said its e-mail application now covers 94% of the world’s Internet population. The 13 languages added to Gmail…
The new credit guarantee scheme for pawning advances was introduced by Central Bank of Sri Lanka on 17 June 2014. Licensed Commercial Banks and Licensed Specialised Banks engaged in pawning activities can now provide enhanced level of credit to their customers by joining this newly introduced credit guarantee scheme. This credit guarantee scheme will support…
Colombo stock market reached its highest value since October 2011 where benchmark index gained 66.81 index points or 1.03% to cross 6,500 mark and end at 6,565.81. 20-scrip S&P SL index gained 58.22 index points or 1.61% to close at 3,676.11. Price appreciations in counters such as John Keells Holdings (closed at LKR 235.00, +3.5%),…
The All Share Price Index (ASPI) at the Colombo Stock Exchange (CSE) crossed the 6,500 mark today (08 July) for the first time since 14 October 2011. The ASPI closed at 6565.73 which is up by 66.73, according to the Colombo Stock Exchange.
While the Initial Public Offering (IPO) by Lucky Lanka Milk Processing Lanka Limited which began yesterday (07 July) is still open for investors, among the ordinary voting shares worth Rs. 228 million on public offer, shares worth Rs. 62.4 million had been applied for by 4.30 pm yesterday. Merchant Bank of Sri Lanka which is…
Samsung Electronics has forecast a 25% drop in profit for the second quarter due to a slowdown in the smartphone market and a strong Korean currency. It expects to make an operating profit of 7.2 trillion won ($7.1bn; £4.2bn) in the April-to-June period, down from 9.5 trillion won a year ago. Its operating profit has…
Colombo equity market started weekly operations on a positive note as main bourse gained 21.49 points (+0.33%) to close at 6,499.00 while 20-script S&P SL20 index gained 7.21 points (+0.20%) to close at 3,617.89. Price appreciation in counters such as Lion Brewery (closed at LKR 525.00, +15%), John Keells Holdings (closed at LKR 227.00, +1%)…
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