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…
Prime Minister Ranil Wickremesinghe said that he believes the United States still leads the world economy though there is a strong economy in Asia led by China and India. Prime Minister Ranil Wickremesinghe said this while speaking at the luncheon meeting ‘The Prime Minister Speaks’ organized by the American Chamber of Commerce in Sri Lanka…
Sri Lankan Importers and Exporters should change their work times and pattern to suit the 24X7 Customs operation, which is a giant step in trade facilitation, says the Import section of the Ceylon Chamber of Commerce. The Import Section of the CCC says, this would give the trade enormous gains in terms of cost and…
Colombo bourse failed to retain the positive momentum gained yesterday and closed with negative returns amid the increase in T-bill yields. All Share Price index lost 13.52 points or 0.20% to end at 6,913.73 while 20- script S&P SL 20 index marginally lost 5.34 points (-0.14%) to end at 3,904.32. Prices depreciations in counters such…
Finance Minister Ravi Karunanayake has appointed Sagarika Delgoda, who for sometime was the Sri Lankan permanent representative for the German aided Friedrich Naumann Foundation, as Chairperson of Hotel Developers (Lanka) PLC which owns The Colombo Hilton. The earlier Chairman of Hotel Developers (Lanka) PLC was Tirukumar Nadeson. Sagarika Delgoda was a member of the Consumer…
With the government failing in its attempt to increase the threshold of its local borrowings through the issue of short-term Treasury Bills to the local market, it may be pushed towards issuing Treasury Bonds which carry higher interest rates than Treasury Bills to raise borrowings, say economic analysts. Since Treasury Bills mature within a year…
With the order of indefinite closure and eviction of employees issued by the Mallakam Magistrate on January 27 against the Northern Power Plant in Chunnakam preventing its employees from reporting to work being vacated by the Court of Appeal last week; the power plant re-opened for essential maintenance and the employees returned to work…
CHEC Port City, a subsidiary of China Communication Construction Company (CCCC) and the Project Company of the Colombo Port City states the Government of Sri Lanka (GoSL) is yet to invite the Company for a discussion or issue a directive to the company regarding the project review process,which is currently underway. The Project Company has…
Colombo equities swung between gains and losses on Tuseday and bounced back to close in a positive territory. The All Share Price index dropped to 6,903.21 (14.3 points, -0.2%) during the morning session, but managed to close at 6,927.25 with a gain of 9.74 points or 0.14%. S&P SL 20 index gained 15.79 points (+0.41%)…
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