Browns Investments PLC has decided to issue 1,860,000,000 ordinary by way of a Rights Issue in the proportion of one ordinary share to every one share held by shareholders at Rs. 1.25 per share. The current stated capital of Browns Investments PLC is Rs. 5,380,000,000 consisting of 1,860,000,000 ordinary shares.
China is always prepared to assist in Sri Lanka’s development efforts and that the construction of the Norochcholai coal power plant has made Sri Lanka become a country within South Asia with a strong supply of electricity, said Deputy Ambassador of China in Sri Lanka Ren Fanqing while attending an event at the Thurstan College…
Colombo equities started a fresh week on Monday with positive returns after two consecutive days of losses. All share price index gained 7.89 points or 0.13% to end at 6,287.03 and S&P SL 20 index marginally gained 0.52 points or 0.01% to end at 3,479.69. Price appreciation in Sri Lanka Telecom (closed at LKR 47.90,…
When inquired from Maliban Milk Foods chief executive officer D.L. Weerasuriya whether there are possibilities of reducing the prices of powdered milk foods in the local market since the prices in the world market showed a downward trend, he said that such a price reduction could be made only after September. He said that this…
The Government of India will be constructing a Cultural Centre at Jaffna. A Memorandum of Understanding for implementation of the project was signed by the High Commissioner of India H.E. Y.K. Sinha and the Secretary to the Ministry of Economic Development, Dr. Nihal Jayathilaka. The MoU was signed in the presence of Basil Rajapaksa, Minister…
Sri Lankan Airlines says that flight UL 183 which was due to depart Colombo at 1.00pm today (June 9) is cancelled due to Pakistani authorities closing down Karachchi International Airport until further notice. “Passengers are advised to contact 1979 for further information. We sincerely regret the inconvenience caused. We are waiting for instructions from Pakistani…
PEOPLE who eat breakfast burn more kilojoules and have tighter blood sugar control than those who are fasting, a new study has shown. British researchers made the findings in the first randomised controlled trial to examine the effect of daily breakfast on energy balance compared with morning fasting. In the University of Bath study, people…
In most of Japan, it’s still legal to possess child pornography. Although production and distribution have been banned for 15 years, Japan lags behind other major developed nations in forbidding people from simply holding the sinister material. That is about to change in a country regarded as a global nexus of child pornography. The country’s…
Colombo share market wrapped the weekly operations on Friday with mixed results. Core index extended the losses to close at 6,279.14 with a marginal drop of 1.02 points or 0.02% while S&P SL 20 index marginally improved by 5.74 points or 0.17% to close at 3,479.17. Price depreciations in counters such as Ceylon Tobacco (closed…
The National Lotteries Board (NLB) is reportedly preparing to enter the mobile phone and internet market by introducing SMS (short message service) and web lottery to the local market. The NLB recorded it highest annual earnings last year with Rs. 15 billion. Though the NLB’s earnings had increased last year by 22 percent it profits…
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