Colombo equities nudged higher on Friday to end the five-day losing streak on the back of selective buying of blue-chips. The ASI closed 8.44 points or 0.12% higher at 6,832.35. The index gains were led by Nestle Lanka (LKR 2,200.00,+5.8%), Commercial Leasing (LKR 4.20,+7.7%), DFCC (LKR 160.20,+1.0%) and Seylan Bank (LKR 98.00,+3.2%). However, S&P SL…
The 8th International Research Conference of the Central Bank of Sri Lanka was held on 7 December 2015 at the John Exter International Conference Hall of the Central Bank. The conference, organised by the Economic Research Department of the Central Bank, aims to stimulate research on current themes while providing a forum for researchers of…
Once again TBWASri Lanka has brought recognition to the local advertising industry with their ‘disruptive’ creative ability at the recently held Campaign Asia’s Agency of the Year Awards in Mumbai. TBWASri Lanka was recognized with a Silver award for the Creative Agency of the Year (Rest of South Asia), along with a shortlist for Creative…
The headquarters building of the Brandix Group has been awarded the Green Mark – Platinum certification by the Ceylon Institute of Builders (CIOB), making it the first commercial building in Sri Lanka to receive this rating, developed by the Building Construction Authority (BCA) of Singapore to assess Green buildings. The milestone award presented to Brandix…
The Colombo Stock Exchange (CSE) adopts Global Industry Classification Standard (GICS) to classify its listed companies. This was officially launched at the ceremony held on December 02, 2015 to mark the 30th anniversary of the CSE. Why sector classifications matter? You may have heard investment advisors and other investment ‘gurus’ saying you should diversify your…
ASI edged lower for the fifth consecutive session on Thursday amid lack of fresh corporate news to spur buying and ASI closed 15.68 points or 0.2% lower at 6,825.87. The S&P SL 20 indexed edged slightly higher marking a mixed session to close at 3,617.45 with a gain of 1.44 points or 0.04%. However, foreign…
Actis Investment Holdings SL Limited, the second largest shareholder in Asiri Hospitals Holdings Limited sold its ownership today (10 December). While this transaction was 371,085,695 shares of Asiri Holdings at Rs. 24 each, these were bought by Merrill Lynch Pierce Fenner & Smith TPG Growth III SF Pte. Ltd. Both parties are foreign investment funds….
Sri Lanka’s premier connectivity provider, Dialog Axiata PLC, announces the launch of Cumulus, its cloud services portfolio, establishing the nation’s leading business solutions hub, focused on delivering agility and innovation. Designed to meet the business imperatives of speed to market, cost efficiency, agility and innovation, Cumulus brings together the knowledge and strengths of Dialogs best-in-class…
The proposed increase in charges for communication towers proposed by the 2016 budget would not cause any considerable impacts on the sector, said Dialog Axiata Director/Group Chief Executive Officer Dr. Hans Wijesuriya. He said in response to a question raised by Ada Derana Biz during a function at the Dialog head office on Colombo. While…
Colombo equities extended the losing streak for the fourth consecutive session on Wednesday amid the increase in treasury yields after six weeks of decline. Benchmark index swung between gains and losses to end the session on negative side at 6,841.55, down by 7.54 index points or 0.11%. S&P SL20 index shed 8.38 index points (-0.23%)…
Video Story
