Facebook has become one of the highest-valued companies in the world after a stock surge saw it leapfrog General Electric to join the ranks of the top ten companies on the S&P stock market index. And quietly, in the process, its founder Mark Zuckerberg has become the ninth richest person in the world. Zuckerberg leap-frogged…
Husein N. Esufally has been appointed as Deputy Chairman/Non-Executive Independent Director and Manamalabaduge Saman Jude Fernando as Executive Non-Independent Director/Chief Executive Officer of Janashakthi Insurance PLC with effect from 22 July, 2015. Below are their brief resumes:
IronOne Technologies has announcedthe launch of ‘ATrad Mobile’ for busy investors to access the Colombo Stock Exchange for real-time market information, and to trade securely via their smartphones. ‘ATrad Mobile’ has easy to use stock trading features and capabilities that allow clients to securely trade stocks, track and manage portfolios and market movements, as well…
Sri Lanka Tourism Development Authority Chairman Paddy Withana joined adaderanabiz.lk for an exclusive discussion and revealed the latest plans to develop Sri Lanka’s tourism industry. This is the complete video discussion:
Kumbukage Dharmasiri has been appointed to the Board of the Commercial Bank of Ceylon PLC as a Non Executive Independent Director with effect from 21 July, 2015. A brief resume of K. Dharmasiri:
The National Long-Term Rating of Commercial Bank of Ceylon PLC has been affirmed at ‘AA(lka); Stable Outlook’ by Fitch Ratings Lanka (FRL). Commercial Bank’s Basel II compliant outstanding subordinated debentures have been affirmed by Fitch at ‘AA-(lka)’. In a recent report, the agency said: “Fitch considers Commercial Bank as the strongest bank in this peer…
Toshiba’s chief executive and president Hisao Tanaka has resigned after the company said it had overstated its profits for the past six years. He will be succeeded by chairman Masashi Muromachi, with vice-chairman Norio Sasaki also stepping down. On Monday, an independent panel appointed by Toshiba said the firm had overstated its operating profit by…
Colombo equities continued to remain on red in Tuesday’s thin trading session. Benchmark index advanced to 7,158 mark in the morning session but closed below at 7,145.59, down by 2.27 index points (-0.03%). 20-scrip S&P SL index declined below 4,000 mark to close at 3,994.97, down by 12.55 index points or 0.31%. Price decline in…
Lanka IOC PLC (Lanka IOC), the Sri Lankan subsidiary of India’s largest oil refiner Indian Oil Corporation Ltd, says it is aiming to sell 10,000 mt of MGO and 380 CST by the end of 2015, Platts reports. The company has already reportedly sold 4,000 mt of both 380 CST and MGO since its Trincomalee…
The Chinese funded refurbishment of Sri Lanka’s Supreme Court complex has been completed on time recently by China’s Jiang Xi Province Construction Company. Sri Lanka’s Supreme Court complex was constructed in 1989 with Chinese government assistance. The roofs and the auditorium of the complex were completely renovated recently on the request of the Sri Lankan…
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