Spanish football club Real Madrid has topped an annual Forbes list of the world’s most valuable sports teams. The club, who won the Champions League in May, is worth an estimated $3.44bn (£2bn), Forbes said. The top three slots are occupied by football clubs, with Barcelona in second place at $3.2bn, and Manchester United third,…
Sri Lanka’s leading healthcare service provider, Lanka Hospitals launched its revolutionary offering, a Medical Reference Laboratory today (16July). The landmark opening of the first-ever such reference laboratory in the country was graced by President Mahinda Rajapaksa, who presided over to the occasion as the chief guest. With the opening of this new medical reference laboratory…
Following negotiations, Commercial Bank of Ceylon PLC has decided to acquire the entire issued and fully paid share capital of Indra Finance Limited, a licensed finance company, for a total price of Rs. 870 million. This share acquisition is in compliance with the consolidation plans of the Central Bank of Sri Lanka.
Colombo equity bourse managed to maintain momentum gained on last trading sessions where core index closed with positive returns for the third consecutive day. Main bourse gained 14.77 index points or 0.22% to end at 6,742.56. 20-scrip S&P SL index gained 10.79 index points or 0.29% to close at 3,761.05. Price appreciations in equities such…
The Colombo High Court has issued interim orders on 04 and 11 July against PCH Holdings PLC whereby pending the summoning and holding an Extraordinary General Meeting of the company and appointed Chaminda Dayan Banduthileka and Darshana Padmal Galabodage as directors of the company and PW Corporate Secretarial (Pvt) Limited as the secretaries to the…
The Commercial Bank of Ceylon PLC has announced the appointment of Mr Sivakrishnarajah Renganathan, the Bank’s Deputy General Manager – Personal Banking, as Chief Operating Officer (COO) and Executive Director with effect from 17th July 2014. A career banker who has served Commercial Bank throughout the entirety of his 34-year working career, Mr Renganathan has…
The leaders of the five Brics countries have signed a deal to create a new $100bn (£58.3bn) development bank and emergency reserve fund. The Brics group is made up of Brazil, Russia, India, China and South Africa. The capital for the bank will be split equally among the five participating countries. The bank will have…
The voluntary offer by Brandix Textile Holdings Limited to acquire the issued and fully paid up ordinary shares of Kuruwita Textile Mills PLC closed at 4.00 pm yesterday. The payments of consideration for the shares will be made to the shareholders on or before 14 August 2014.
Polish archaeologists have recovered one of the world’s oldest intact bottles of mineral water from a shipwreck lying on the bottom of the Baltic Sea. Still corked, the perfectly preserved stoneware bottle was produced between 1806 and 1830 by Selters, one of the oldest mineral waters in Europe. The 12-inch bottle was found during archaeological…
Colombo shares closed in positive territory on Tuesday as both indices recorded higher returns. Main bourse gained 28.76 points (+0.43%) to end at 6,727.79 and S&P SL 20 gained 29.03 points (+0.78%) to end at 3,750.26. Price progression in index heavy counters such as Carson Cumberbatch (closed at LKR 450.00, +7.1%), Bukit Darah (closed at…
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