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…
The Central Bank of Sri Lanka (CBSL) believes that by end 2016 Sri Lanka’s Gross Domestic Product (GDP) would surpass the USD 100 billion mark. CBSL Governor Ajith Nivard Cabraal revealed this when addressing the Defence Seminar 2014 being held in Colombo, while adding that Sri Lanka’s GDP would near the USD 77 billion mark…
The Obama administration said Monday it is taking a first step toward requiring that future cars and light trucks be equipped with technology that enables them to warn each other of potential danger in time to avoid collisions. A research report released by the National Highway Traffic Safety Administration estimates that the technology could eventually…
BREAKING NEWS:: The Colombo Stock Exchange has suspended trading of Orient Garment PLC (OGL.N0000) shares pending explanation of a news report published today (19 August). As revealed, this news report has been carried by a business section of an English daily.
The overall hydro power generation capacity of the Ceylon Electricity Board (CEB) has increased up to 52% due to the rainy conditions over the island. CEB chairman W.B. Ganegala told adaderanabiz.lk that the CEB’s power generation through diesel has decreased since 25% of the CEB’s total power generation is currently being generated through coal. “Yesterday,…
Japan’s Toyota, Honda and Nissan became the latest foreign carmakers to respond to China’s anti-monopoly investigation into the auto industry, as the probe’s impact extends beyond foreign luxury auto brands. GAC Toyota Motor Co, Toyota’s joint venture with China’s GAC Group, and Guangqi Honda Automobile Co, Honda’s venture with GAC, both said late on Friday…
Bartleet Transcapital Limited has reached agreement with Janashakthi Limited to sell 86.79% of its issued and fully paid share capital of Bartleet Finance PLC. The Monetary Board of the Central Bank of Sri Lanka has approved in principle the acquisition of Bartleet Finance PLC by Janashakthi Limited on behalf of Orient Finance PLC and the…
Asian Alliance Insurance PLC (AAI) that is part of the Softlogic Group is pleased to announce profit after tax for the first half of 2014 at Rs 339Million. The impressive result comes about on the back of Life premiums growth of 21% for the period at Rs 1.4Billion, with the absolute increase of Rs 252Million…
Commercial Credit and Finance PLC recorded a profit after tax of Rs. 490 million for the quarter ended 30th June, up from Rs. 172 million posted during the same period in 2013, a growth of 184%. Net interest income rose 86% in the quarter from Rs. 886 million in 2013 to Rs. 1,652 million this…
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