Colombo equities stretched gains for the third session driven by positive expectations on tomorrow’s mini budget. Benchmark index reached a high of 7,408.95 with a gain of 40.46 points (+0.55%) and closed lower at 7,395.29 (27.64 points, +0.38%). 20-script S&P SL index gained 13.29 points (+0.32%) to end at 4,143.72. Core index bagged 118.66 points…
Tilak Karunaratne assumed duties as Chairman of the Securities & Exchange Commission. Mr. Karunaratne has held this post some time ago as well.
President’s Counsel Ronald C. Perera has been appointed Chairman, The Bank of Ceylon with effect from 27 January 2015. He was appointed by Finance Minister Ravi Karunanayake and assumed duties today (28 January). Mr. Perera is a LLB Graduate from the University of Colombo and holds a LLM on International Trade Law from Northumbria University….
Colombo bourse managed to uphold the positive momentum on Tuesday amid the monetary board’s decision to continue with unchanged interest rates. All share index bagged 51.57 index points (+0.70%) to end at 7,367.65 while S&P SL20 index simultaneously gained 33.69 index points or 0.82% to close at 4,130.43. Price appreciation in John Keells Holdings (closed…
Citrus Leisure PLC has amicable settled the legal proceedings before the Valaichennai District Courts against a predecessor in title of Passikudah Beach Resorts, a fully owned subsidiary of Citrus Leisure PLC. According to the settlement entered into in courts, Citrus Leisure PLC has paid a sum of Rs. 80 million to the party which instituted…
Asian Alliance Insurance PLC subscribed to and took up 70 million shares from its wholly owned subsidiary Asian Alliance General Insurance Limited at Rs. 10 per share. This is to comply with Sri Lanka’s insurance industry amendment act.
Colombo shares swung between gains and losses and ended higher in thin trading on Monday as investors adopted a wait-and-see approach. The market turnover reached 8-month low in today’s lackluster trading session while the volume touched a one month low of 16mn shares. Investors are remaining in sidelines ahead of tomorrow’s monetary policy review and…
The 100 day programme of the incumbent government has proposed a series of relief measures for the masses. Following an in-depth analysis of the economic policies and expressing views, the Pathfinder Foundation says that there is a risk of the budget deficit widening further if all these relief measures are provided as promised. However, the…
Latest data released by the Central Bank of Sri Lanka reveals that Sri Lanka’s foreign reserves which had stood at USD 8.8 billion as at October last year has dropped to USD 8.3 billion. The Central Bank has stated that some USD 2,758 million has gone out of the country as foreign debt service payments….
The European Union suspended the import of fish and fisheries products from Sri Lanka since 15 January 2015 thus raising the risk of the country losing a revenue of at least USD 200 million annually. Meanwhile, if this sanction is not lifted immediately there is a threat of some 90% of the fishery products companies…
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