Lanka Aluminium Industries PLC has resolved to sell its entire shareholding of three million (3,000,000) ordinary shares (60.793% holding shares) in Classic Teas (Pvt) Limited at Rs. 25.59 each to Asia Tea Company (Pvt) Limited. Asia Tea Company (Pvt) Limited has its registered office at Middleton Street, Kolkata, India.
A fully-paid acquisition worth of Rs. 300 Million Under the Financial Sector Consolidation Scheme of the Central Bank of Sri Lanka, Senkadagala Finance PLC, a registered finance company, has been given approval to buy over Newest Capital Limited, a specialized leasing company. Accordingly, Senkadagala Finance entered into a Share Purchase Agreement recently with the…
Colombo stock market managed to retain the positive momentum gained on last session and ASI closed at 38 month high. Both indices posted favorable gains amid strong foreign participation during the session. Core index bagged 13.50 index points or 0.19% to end at 7,060.60 while 20-scrip S&P SL index gained 15.93 index points or 0.41%…
The United States Embassy in Colombo is transitioning to a new online appointment service for non-immigrant visa (NIV) starting 7 September. Nonimmigrant visas allow citizens of other countries to visit the U.S. for short periods of time. The “visitor” visa is a nonimmigrant visa for persons desiring to enter the United States temporarily for business,…
It has been revealed that in preparation for the first investment forum to promote Sri Lanka’s capital market at New York in the United States, Colombo Stock Exchange head Vajira Kulatilleke and Securities & Exchange Commission head Dr. Nalaka Godahewa had held in-depth discussions on the current regulatory challenges with the US Securities & Exchange…
The first investment forum to promote Sri Lanka’s capital market began at New York in the United States in the presence of Minister Sarath Amunugama, Central Bank Governor Ajith Nivard Cabraal, Sri Lanka Securities & Exchange Commission chairman Dr. Nalaka Godahewa and Colombo Stock Exchange chairman Vajira Kulatillake. A large number from listed companies in…
The diverse business entity in Sri Lanka with interests in almost all aspects of business and commerce, John Keells Holdings PLC reiterates that its current and expected financial strength is more than sufficient in meeting any unanticipated obligations. In response to the news report that Fitch Ratings has downgraded John Keells Holdings PLC’s (JKH) National…
Colombo equities managed to regain lost grounds on Wednesday where ASI witnessed notable positive returns. Core index inclined by 22.28 index points (0.32%) to close at 7,047.10 and S&P SL20 index gained 12.38 index points or 0.32% to end at 3,886.88. Price appreciations in blue-chips such as Ceylon Tobacco (LKR 1,200.00, +1.7%), John Keells Holdings…
U.S. officials fear Islamic militants have stolen nearly a dozen commercial planes in Libya which could be used to carry out 9/11-style terrorist attacks in the region. Eleven commercial jets operated by two state-owned airlines went missing last month, after militant group Libyan Dawn overtook the international airport in the capital city of Tripoli. In…
The National Savings Bank (NSB) yesterday successfully completed its international dollar bond issue at an attractive interest rate advantageous to the bank. According to Bloomberg News Service, though initially the NSB had announced the Initial Price Guidance for this issue as 5.5 percent, finally it had been sold at a lower interest rate like 5.15…
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