Adam Investments Limited has acquired 1,416,778 shares of PC Pharma PLC at Rs. 1.70 per share. The PC Pharma shares held by Adam Investments prior to this transaction on the Colombo Stock Exchange trading floor were 31,463,746.
CML-MTD has set up a BOI venture to undertake housing projects under the Urban Regeneration Plan set out as per the model proposed by the Urban Development Authority. The new BOI Company has been successful in sourcing foreign funding for its project. The initial scope of the project comprises of the construction of 5,000 housing…
MTD Walkers PLC posted a net profit of Rs.370 million recording an impressive growth of 96% for the 1st quarter FY 2014/2015 when compared to the 1st quarter of the previous financial year. The Group Revenue for the period grew by 76% to Rs. 3.3 billion. Due to the drop in the market lending rates…
Colombo equity market closed on Tuesday with positive returns as the bourse witnessed the best turnover since March 2012. Core index managed to bag 6.75 index points or 0.10% to close at 6,981.46 while 20-scrip S&P index earned 17.93 index points or 0.47% to close at 3,848.50. Bourse posted favorable returns with the help of…
Carmaker Mercedes-Benz has been found guilty of manipulating the price of spare parts following an investigation by the authorities in China. The official Xinhua News Agency reports that regulators said the luxury unit of Germany’s Daimler abused its control over supplies of replacement parts. The report made no mention of the likely penalty. BMW, Audi…
The market turnover of the Colombo Stock Exchange has reached Rs. 7.8 billion by now and market analysts predict that it would exceed Rs. 08 billion by close today (19 August), thus setting a record for this year. Nearly Rs. 07 billion of this turnover has been from a crossing agreement by John Keells PLC…
The trading of Orient Garment PLC (OGL.N0000) shares resumed at the Colombo Stock Exchange following a disclosure by the company. In its disclosure, Orient Garment PLC states that the issue was caused by a report on a notice before the Western Province High Court for the winding up of Orient Garment PLC published by an…
The Central Bank of Sri Lanka (CBSL) believes that by end 2016 Sri Lanka’s Gross Domestic Product (GDP) would surpass the USD 100 billion mark. CBSL Governor Ajith Nivard Cabraal revealed this when addressing the Defence Seminar 2014 being held in Colombo, while adding that Sri Lanka’s GDP would near the USD 77 billion mark…
The Obama administration said Monday it is taking a first step toward requiring that future cars and light trucks be equipped with technology that enables them to warn each other of potential danger in time to avoid collisions. A research report released by the National Highway Traffic Safety Administration estimates that the technology could eventually…
BREAKING NEWS:: The Colombo Stock Exchange has suspended trading of Orient Garment PLC (OGL.N0000) shares pending explanation of a news report published today (19 August). As revealed, this news report has been carried by a business section of an English daily.
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