Jayantha Dhanapala, the independent non-executive director of Dialog Axiata PLC, has given notice of his decision to retire from the company’s board of directors due to personal reasons. Accordingly he will retire in terms of Section 210 of the companies Act No 07 of 2007, at the conclusion of the forthcoming Annual General Meeting of…
Gambling billionaire James Packer and Channel Nine boss David Gyngell have been fined $500 over their public brawl at Bondi. Police say they have issued two Criminal Infringement Notices for offensive behaviour following the fight in Sydney’s east over the weekend. The penalty notice carries a fine of $500 if it goes uncontested by the…
Colombo shares concluded weekly operations on Friday recording a 23-month high turnover of LKR 7.15bn. Approx. 586mn shares of Expolanka changed hands at LKR 10.70 per share at the beginning of today’s trading session which also resulted to a 29-month high daily volume of 630mn shares. The crossing was 88% of the daily market turnover….
Though a 30 percent stake has been bought by a Japanese company, Hanif Yousuf who was Chief Executive Officer will continue in his position, says Expolanka Holdings. S.G. Holdings Global (Pte) Ltd bought a 30 percent stake of Expolanka Holdings this morning. In this transaction 586.4 million ordinary shares of Expolanka Holdings were bought by…
Japan based S.G. Holdings Global Pte.Ltd has bought a 30 percent stake of issued share in Sri Lanka’s Expolanka Holdings Plc today. S.G. Holdings purchased 586.4 million shares in the deal.
The Urban Development Authority (UDA) has prepared a major plan to develop the Kottawa town which is the closest to the Makumbura interchange of the Southern expressway. A four acre plot of land belonging to the Department of Probation and Childcare in Kottawa is to be acquired by the UDA to expand this area. A…
Colombo bourse managed to maintain the momentum gained yesterday where both indices witnessed positive returns. Benchmark index gained 23.13 points (+0.37%) to end at 6,275.73 while 20-scrip S&P SL index gained 12.81 index points or 0.37% to close at 3,446.76. Price appreciations in Nestle Lanka (closed at LKR 1,985.00, +2.3%), Bukit Darah (closed at LKR…
Through the proposed free trade agreement with China, Sri Lanka is to request the Chinese government to provide full tax concessions on the island’s exports of apparels, coconut, rubber and tea based products, gems and precious stones and jewellery to China, says a senior official of the Treasury. Deputy Secretary to the Treasury S.R. Attygala…
Toyota chalked up a record annual profit and sales above 10 million vehicles for the first time, but forecast a slower year ahead Thursday, as the momentum from a weak yen fades. Expenses such as the $1.2 billion penalty it paid in a settlement with the U.S. Justice Department earlier this year for hiding information…
The World Bank has approved a credit of US $147 million to help rehabilitate the basic urban services and improve livability in regions of the two major Sri Lankan cities of Kandy and Galle. The project seeks to produce a more spatially balanced distribution of economic opportunities, while at the same time reducing congestion in…
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