Colombo equities closed Tuesday session on a negative note amid the concerns on budget 2016 which is due on next month. Market swung between gains and losses where benchmark index advanced to 7,105 mark but failed to retain the momentum to close at 7,085.93, marginally down by 3.13 index points or 0.04% while 20-scrip S&P…
Sudath Chaminda Munasinghe has resigned as Chief Executive Officer at John Keells PLC with effect from 01 October 2015. He does not have any relevant interest in shares of the company. Hishantha Gerard Rodney de Mel has been appointed Acting Chief Executive Officer at John Keells PLC with effect from 01 October 2015. He too…
Paying an additional Rs.3 lakh for a hybrid car wasn’t something Sunil Kumar, a Palakkad, Kerala-based neurosurgeon who was looking to upgrade from his seven-year-old Toyota Corolla, had in mind initially. But a quick, back-of-the-envelope calculation swung the decision in favour of the Toyota Camry. Kumar’s new hybrid car gives a mileage of 16km to…
The Sri Lankan rupee rose on Tuesday on dollar sales by a private bank amid mild demand for the greenback from importers, dealers said. The rupee were trading at 140.95/141.05 per dollar at 0526 GMT, compared with Monday’s close of 141.24/28. Dealers said the two state banks, through which the central bank directs the market,…
Finance Minister Ravi Karunanayake has reportedly requested Sri Lankan businessmen in Japan not to send Japanese vehicles to Sri Lanka till the next budget is presented. This request had been reportedly made by the Finance Minister who has joined Prime Minister Ranil Wickremesinghe on his official tour to Japan, during a discussion he had with…
Remember the ever-rising electricity bills from your air-conditioner? Or the freezing coldness in December in your home in the hill country? A simple solution for the countless problems of this nature exists today in the form of ‘double glazing’, a novel concept that can transform all windows and glass surfaces in your homes and workplaces….
Colombo bourse started the weekly operations with negative returns on Monday as ASI declined by 16.48 index points or 0.23% to end at 7,089.06 while S&P SL 20 index declined by 10.52 points (-0.27%) to end at 3,830.23. Price depreciation in counters such as Sri Lanka Telecom (closed at LKR 49.10, -0.2%), Ceylon Tobacco (closed…
The Group Managing Director of Watawala Plantations Mr. VishGovindasamywas reelected as the President of the Ceylon Chamber led Indo Lanka Chamber of Commerce and Industry ( ILCCI) at its 7th Annual General Meeting held last Friday in Colombo. In the meantime, Mr. Romesh David, The President – Transportation Group of John Keells Holdings PLC and…
In an issues of shares through a ‘share-swap’ Renuka Foods PLC has acquired the issued voting shares in Shaw Wallace (Ceylon) Limited held by CJ Patel & Company Limited, Fiji and Eagle View Management Limited, Hong Kong.
Laugfs Maritime Services (Private) Limited, a wholly owned subsidiary and maritime arm of Laugfs Gas PLC has purchased its second Liquefied Petroleum Gas (LPG) carrier vessel the ‘Gas Dorado’ on 02 October 2015 with a total investment of USD 6.0 million. This LPG carrier vessel is to be re-christened the ‘Gas Success’ under the Sri…
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