NDB Capital Holdings PLC has successfully completed the sale of shares of shareholders who wished to sell their shares in connection with the Exit Offer made by the National Development Bank PLC. NDB has sent the cheques payable to those who have accepted the Exit Offer. Following the completion of the sale of shares, NDB…
Amana Takaful PLC has completed the segregation of its long term and general insurance business by transferring Family Takaful (Long term insurance) business to Amana Takaful Life Limited on 01 January 2015. This is in compliance with the Insurance Industry Amendment Act.
‘The election rally’ lost steam on Monday as profit-taking led by local investors halted the seven-day winning streak. The Bourse opened positively after the politically eventful weekend and reached a high of 7,670.98 (+65 points) in the morning session but reversed during the latter half to finish at 7,566.70 with a loss of 39.09 index…
Dr. R.S.S. Samaratunga who was earlier the Secretary to the Petroleum Ministry took over duties this morning (12 January) as the Secretary to the Finance Ministry, replacing Dr. P.B. Jayasundera. Dr. Samaratunga has obtained a special degree in economics from the Peradeniya University and has done his post graduate studies at Wisconsin-Madison and Sri Jayewardenapura…
Mr. Wickramesinghe’s presence in the government will be welcomed in India, which is worried about the Chinese presence in Sri Lanka. Ranil Wickramesinghe, 65, finds himself leading a Sri Lankan ministry under an Executive President again. This is his third stint as Prime Minister, having served earlier in 1993-94 and 2001-04. As he was sworn…
Arjuna Mahendran, a Sri Lanka born international banker is one of the candidates being considered as Central Bank governor, sources said. Governor Nivard Cabraal resigned Friday shortly before Maithripala Sirisena was sworn in as President and Ranil Wickramasinghe of the United National Party as Prime Minister. Mahendran was the head of the island’s Board of…
With Maithripala Sirisena becoming the new President with a clear majority, Ajith Nivard Cabraal who was the Governor of the Sri Lanka Central Bank has resigned from his post. Meanwhile, Sri Lanka’s Securities and Exchange Commission (SEC) Chairman Dr.Nalaka Godahewa has also tendered his resignation. These resignations have been o enable the new President to…
Colombo equities welcomed the political switch positively on Friday as main index crossed 7,600 mark for the first time since March 2011. Colombo bourse managed to gain 92 points within ten minutes, recording one of the strongest openings in the recent past. The index reached a high of 7,614.13 (116.53 points, +1.6%) before closing at…
Mr. Ajith Nivard Cabraal, Governor of the Central Bank of Sri Lanka has informed His Excellency the President that he wishes to resign from the post of Governor with immediate effect, in order that the new President may appoint a new Governor. Mr. Cabraal was appointed as the Governor of the Central Bank of Sri…
The Colombo Stock Exchange (CSE) will close for trading at 12 noon on 08 January 2015 due to the Presidential Election.
Video Story
