COLOMBO: The fledgling Maithripala Sirisena-Ranil Wickremesinghe government appears to be yielding ground to a resurgent former President Mahinda Rajapaksa because of internal disunity, contradictory policies and indecisive political leadership. The first concrete sign of deep trouble appeared on Tuesday when the government’s bid to get parliament’s nod for raising the threshold of Treasury Bills by…
Get ready for a new economic order. In the world 15 years from now, the U.S. will be far less dominant, several emerging markets will catapult into prominence, and some of the largest European economies will be slipping behind. That’s according to the U.S. Department of Agriculture’s latest macroeconomic projections that go out to 2030,…
Colombo equities wrapped the weekly operations on a mixed note ahead of the Sinhala & Tamil new year holidays. Bourse witnessed a lackluster trading session on Friday where All share index marginally increased by 0.03% (1.77 index points) to end at 6,901.06 while 20-scrip SP SL index shed 6.16 index points or 0.16% to close…
Vajira Wijegunawardene, Director – Capital Market Development of the Securities & Exchange Commission (SEC) has been appointed its Director General. It was earlier reported that SEC Deputy Director General Dhammika Perera’s name had been proposed to this vacancy since this top position had remained vacant for some time and the vacancy advertised recently. Professor Harendra…
The government is to begin investigations into the loss of billions of rupees by the National Savings Bank (NSB) due to questionable share transactions since 2011, said Finance Minister Ravi Karunanayake at a media briefing at his Ministry today (10 April). According to the Minister, a certain organized group with the connivance of a share…
The government has appointed Kurupanawa Gamage Leelananda as Chairman of Lanka Cement PLC along with a Board of Directors. Mohomed Riyyaz Sanoon Sally and Wickramasooriya DissanayakelageJanaka Karunaratne have been appointed Directors. According to the government Mohomed Riyyaz Sally has been appointed Managing Director of Lanka Cement PLC in addition to his post of Director.
The government has appointed Hemasiri Fernando as Non Executive, Non Independent Chairman of People’s Leasing & Finance PLC. Four others have also been appointed to the Board of Directors. Michael Pradeep Amirthanayagam has been appointed Non Executive, Non Independent Deputy Chairman while Jehan Prasanna Amaratunga has been appointed Non Executive, Non Independent Director. Johnson Anthony…
Colombo stock market dipped for the second consecutive session on Thursday ahead of the potential constitutional amendment due in next week. All share index shed 14.44 points (-0.21%) to end at 6,899.89 while 20-scrip S&P SL index declined by 0.25% (9.83 index points) to close at 3,894.49. Index decline was mainly led by price depreciation…
Section 11 of the Colombo Stock Exchange listing the rules set out for the paying of fees by companies seeking a listing of their securities has been amended with effect from 06 April 2015. The amended Section 11 is as follows:
It is learned that the names of Securities & Exchange Commission (SEC) Deputy Director General Dhammika Perera and Director of the SEC’s Capital Market Development Vajira Gunawardene have been proposed to fill the vacancy of the Director General’s post. The post of Director General – SEC has remained vacant for some time and the vacancy…
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