The Jaffna High Court this morning (20 February) allowed the Northern Power Co (Pvt) Ltd’s parent company MTD Walkers PLC’s Revision Application to restore the status quo on the illegal eviction of employees from the Chunnakkam Power Plant. Commenting on this court decision, MTD Walkers PLC Director/ CEO Lal Perera said, “This morning the Jaffna…
Colombo equities concluded the weekly activities on an optimistic note as investors reacted to positive corporate earnings and attractive dividends declared in high cap counters. Main index gained 8.74 points (+0.12%) to end at 7,314.91 while S&P SL 20 index gained 19.67 (+0.48%) to end at 4,133.01. Today’s gains were fuelled by counters such as…
SHARES in James Packer’s Crown casino group have soared by more than 7 per cent despite a slump in first-half net profit. Crown suffered a 47 per cent fall in profit for the six months to December after being hit by asset impairment charges and hefty costs from its abandoned Sri Lanka resort. The gaming…
Colombo bourse regained lost ground on Thursday where both indices witnessed positive returns amid higher foreign participation. All share index bagged 39.33 index points (+0.54%) to end at 7,306.17 while 20-scrip S&P SL index improved by 38.72 index points or 0.95% to close at 4,113.34. Price advances in Dialog Axiata (closed at LKR 12.30, +2.5%),…
IMF Managing Director Christine Lagarde and Mr. Ravi Karunanayake, Finance Minister of Sri Lanka, issued the following joint statement after their meeting in Washington: “We had a fruitful discussion about recent economic developments in Sri Lanka and the near-term outlook. These discussions will continue in the context of the next regularly scheduled Post-Program Monitoring mission…
The Chartered Institute of Marketing (CIM) recently concluded its first CEO Forum for the year 2015 titled “ Sri Lanka – Vision 15/20, Opportunities & Challenges” at the JAIC Hilton Colombo Residences, with more than 100 Marketers and CEO’s attending. The speaker at this forum was Dr. Harsha de Silva, Hon. Deputy Minister of Policy…
IFC, a member of the World Bank Group, is investing LKR 2,550 million for an 8% equity stake in Sri Lanka’s Cargills Foods Company Pvt Limited (CFC), the retail subsidiary of Cargills (Ceylon) PLC to help the company expand its operations in the country, enhance its backward integration system and develop the efficiency of its…
Colombo shares concluded the day on a weak note following a batch of mixed corporate earnings and rising T-bill yields. Main index lost 33.91 points or 0.46% to end at 7,266.84 while S&P SL 20 index marginally gained 3.49 points (+0.09%) to end at 4,074.62. Subsequent to today’s losses the year to date return of…
T.M.R. Bangsajayah, a retired Sri Lanka Police officer has been appointed Managing Director of Sri Lanka Insurance. He has been appointed with effect from 13 February 2015. Sri Lanka Insurance comes under the purview of Finance Minister Ravi Karunanayake. Sri Lanka Insurance Corporation Ltd. Managing Director T.M.R. Bangsa Jayah is a retired commissioned Police Officer…
The Colombo Stock Exchange has approved in principle the application for the listing of ordinary voting shares of Singhe Hospitals Limited on the Diri Savi Board. Singhe Hospitals Limited is to issue 100 million ordinary voting shares at Rs. 2.50 each with the opening date being 12 March 2015. Merchant Bank of Sri Lanka and…
Video Story
