The Central Bank launched a robust Communication Programme in the USA with the engagement of the Thompson Advisory Group LLC (TAG), from March 2013 to June 2014, and the subsequent engagement of the Liberty International Group LLC from August 2014 onwards. The Communication Programme has been fashioned to create and maintain a conducive political and…
India has no issues over China entering Sri Lankan markets. India too has China entering its markets. So there is no need for India to see China as a hostile power, said India’s Janatha Party leader and a leading member of the ruling Bharathiya Janatha Party, Dr. Subramanian Swamy while speaking to Adaderana. Dr. Swamy…
Minister of External Affairs Prof G.L. Peiris presented a token of appreciation to Hayleys Group Chairman Mohan Pandithage in appreciation of over 40 years of service to the shipping sector at the 48th Annual General Meeting of the Ceylon Association of Ships’ Agents held recently. Photo caption: Prof G.L. Peiris presenting the token of appreciation…
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…
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