During the month of November 2014, further progress was made by banks and finance companies and leasing companies (NBFIs) on the financial sector consolidation process. •The proposed amalgamation of the Merchant Bank of Sri Lanka PLC, MCSL Financial Services Ltd and MBSL Savings Bank Ltd has reached the final stage of completion. The necessary shareholder…
Colombo equities conclude the weekly operations in a mixed note on Friday where main index bagged 38.01 points or 0.53% to end at 7,153.90 and 20 script S&P SL 20 index lost marginally 6.03 points or 0.15% to end at 3,971.12. During the week All share price index lost 247.72 points (-3.3%) while S&P SL…
The Listed Debenture Issue of Lion Brewery (Ceylon) PLC was oversubscribed during the early hours of the opening day (28) as per the disclosures made to the CSE by the Registrars to the Debenture Issue. NDB Investment Bank acted as the Financial Advisors and Managers to the Debenture Issue. The debenture issue of Lion Brewery…
BIZ 24×7 programme held a special discussion on how to hand over a business to the third generation with one of Sri Lanka’s prominent businesses, the DSI Group’s Chief Executive Officer Kulatunga Rajapaksha. The discussion in full:
Unilever Chief Executive Officer, Mr. Paul Polman, has arrived in Sri Lanka for a two-day business visit to Unilever Sri Lanka. Accompanying Mr. Polman is Executive Vice President – South Asia, and Managing Director and CEO of Hindustan Unilever, Mr. Sanjiv Mehta. Unilever Sri Lanka (USL) has been a high performing business and has a…
The inauguration of the UK trade mission to Sri Lanka, “Putting British Business on the Front Foot”, was held today (Thursday, 27 November, 2014) at the Cinnamon Grand Colombo. Organised by the UK Trade & Investment section of the British High Commission, Colombo, the trade mission saw representatives of 21 British companies eager to explore…
Dialog Axiata PLC has incorporated a wholly owned subsidiary under the name Digital Holdings Lanka Private Limited (DHL) from 24 November 2014. Digital Holdings Lanka Private Limited will function as Dialog Group’s investment holding company for new business areas.
As both Bangladesh and Sri Lanka moved closer to their historic trade pact, the process took a new turn as a keen Bangladeshi private sector itself stepping in to accelerate it on 27 November, a rare development in an on-going Lankan trade negotiations-and bilateral trade between both countries has jumped by a strong 67%. “I…
Colombo bourse extended the losses on Thursday as core index lost 63.83 points (-0.89%) to end at 7,115.89. S&P SL 20 index lost 47.55 points (-1.18%) to end at a nearly one month low of 3,977.15. All share price index declined by 285.73 or -3.9% so far during the week while S&P SL 20 index…
The price of oil has fallen as Opec oil producers prepare for their meeting on Thursday and data showed crude stocks rose last week. Inventories of commercial US crude oil increased by 1.9 million barrels from the previous week, according to the US Energy Information Administration. Brent crude future’s price slid 0.8 to $77.75 a…
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