Colombo bourse started the new year with negative returns on Monday as the Benchmark index shed 26.88 index points or 0.39% to end at 6,867.62 while 20-scrip S&P SL index declined by 0.74% (26.81 index points) to close at 3,598.88. Today’s decline was led by high caps namely Aitken Spence (closed at LKR 93.50, -3.3%),…
If Entrust Securities PLC, a Primary Dealer of government security bonds in Sri Lanka, fails to submit its consolidation plans as called for to the Central Bank of Sri Lanka (CBSL) by 6.00 pm today (04 January), its management would be acquired under a state bank, said Central Bank Governor Arjuna Mahendran during a media…
The first transaction – a Crossing that was made following the abolition of the Share Transaction Levy at the Colombo Stock Exchange (CSE) was carried out this morning (04 January) when Singer (Sri Lanka) BV, the major shareholder in Singer Industries (Ceylon) PLC, sold its 83.55 per cent shares in Singer Industries. This transaction involved…
IronOne Technologies, the Sri Lankan developer of BoardPAC, the sophisticated and secure mobile solution for paperless communication, has made significant advances in Bangladesh, gaining access to government agencies and the military in partnership with GRAM Limited, its recently-appointed partner in that country. The partnership between the two companies ratified in Colombo paves the way for…
Ajith Wattuhewa the President of the Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) The practice of sending Sri Lankan women to work as domestic hands in foreign countries began three decades back mainly as a temporary solution to the rising unemployment issue in the country. However, the practice has grown exponentially…
Asiri Hospitals Holdings was recently adjudged the Healthcare Sector Leader for the financial year 2014/15 according to LMD 100, the annual publication detailing Sri Lanka’s leading listed companies. Based chiefly on its turnover for the year under review of Rs 8,593 mn, Asiri Hospitals Holdings was declared the winner beating off stiff competition from other…
Colombo bourse concluded the year’s activity on an optimistic note despite the thin market activity which continued for the seventh consecutive day. Benchmark index declined to 6,843 mark but regained to close at 6,894.50, with a gain of 0.35% or 23.87 index points while 20-scrip S&P SL index gained 20.62 index points or 0.57% to…
The deadline to settle the ‘Super Gains Tax’ introduced by the earlier interim government’s budget ends today (31 December, 2015). This tax was payable in three installments before this deadline. The first installment was payable on or before 31 October 2015, the second on or before 30 November 2015 and the third on or before…
Lanka Walltiles PLC and Lanka Tiles PLC, the pioneers in wall and floor tile manufacturing in Sri Lanka, have been committed to the well-being of the environment in order to preserve its beauty. In an effort to go beyond its endeavors to not only control and maintain, but also to continually improve the surrounding environment…
TDAP secretary says exhibition will identify women entrepreneurs having adequate production capacities and provide them with exposure In an effort to encourage and help the women of Pakistan, the Trade and Development Authority of Pakistan (TDAP) is taking a single country exhibition to Sri Lanka on January 15, 2016 where a large number of stalls…
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