The Rupees One Million debenture issue of Hemas Holdings Private Limited at Rupees 100 each has been oversubscribed. Hence, the issue is to be closed by 4.30 pm today. This issue has reportedly received applications for over Rupees One Billion. The company has stated that the mode of issuing these debentures to the subscribers would…
The amounts obtained by Sri Lankans when they pawn their gold with banks and financial institutions have reduced due to the fall in gold prices in the world market. Hence, the Finance Ministry is reportedly preparing to introduce new regulations to enable those pawning their gold to obtain the maximum value. A high official from…
Equity Market managed to sustain the favorable momentum on Tuesday as both indices closed with positive returns. All share price index advanced marginally by 4.80 points (+0.08%) to end at 6,191.83 where S&P SL 20 index advanced marginally by 2.48 points (+0.07%) to end at 3,397.42. Positive index performances were mainly led by price appreciations…
The Colombo Stock Exchange (CSE) has approved Adam Investments Limited to list 133.3 million ordinary voting shares at Rs. 3.00 per share. While this is to be listed on the Diri Saviya board the Initial Public Offering is to begin on 19 May. Managers and financial advisors to the issue are Capital Trust Financial (Pvt)…
It has been revealed that Sri Lanka Cricket (SLC) which incurred heavy losses last year is set to gain this year following the Twenty20 World Cup win. SLC Treasurer Nuski Mohamed told AdaderanaBiz, “Sri Lanka Cricket gained profits during 2012. However, last year it lost. But we believe that we would be able to make…
The Central Bank’s Monetary Board has decided to keep the policy rates which decide the interest rates of commercial banks unchanged between 6.50 to 8.00 percent in April. The Central Bank has stated that the decrease in borrowings by the government sector from the banking system has provided the opportunity for the private sector to…
Colombo shares started the fresh week on Monday in positive note as All share price index gained 6.27 points (+0.10%) to close at 6,187.03 while 20-script S&P SL index marginally gained 6.92 points (+0.20%) to close at 3,394.94. Price appreciations in counters such as Carson Cumberbatch (closed at LKR 390.00, +5.4%), Ceylon Tobacco (closed at…
The damage caused by the fire that broke out this morning at the Samsung main data centre in South Korea has not caused any adverse impacts on the services provided by the company to the Sri Lankans, said the local agents for Samsung Electronics. Samsung Electronics’ Sri Lanka branch Product Manager – Mobiles Kapila Perera…
Financial affiliates of Samsung Group are unable to provide some customer services after a fire at Samsung SDS’s data center, which manages data storage servers for the affiliates, Sunday. According to the group and the Financial Supervisory Service (FSS), Monday, the fire damaged the electronic payment systems and online services of its credit card and…
A Samsung data center caught fire today, shutting down Samsung.com. That wasn’t the only tech casualty from the fire, however, as various Samsung products, including Smartphones and TVs, were adversely affected. The center that went up in flames was the Samsung SDS building in Gwacheon, South Korea. Users weren’t able to access select Samsung applications…
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