Colombo equities started a fresh week on Monday on positive note where both indices closed with marginal gains. All Share Price index marginally gained 0.99 points (+0.02%) to end at 6,249.43 while S&P SL 20 index gained 5.88 points (+0.17%) to end at 3,441.69. Progression in index heavy counters such as Aitken Spence (closed at…
A MEDIA bidding war is underway for photographs of a punch-up between gaming billionaire James Packer and Nine’s CEO David Gyngell. The long-time friends were seen brawling on the street outside Packer’s Bondi Beach pad on Sunday afternoon, News Corp reported. Still photographs reportedly show the men wrestling before falling to the ground in a…
Colombo stock market closed its weekly operations with notable gains in both indices. Main share index gained 24.77 index points or 0.40% to close at 6,248.44 and S&P SL 20 index gained 17.62 index points to close at 3,435.81. Price appreciations in stocks such as Carson Cumberbatch (closed at LKR 405.00, +8.0%), Ceylon Tobacco Company…
Recently AdaderanaBiz reported that a Sri Lankan bank has begun negotiations with US based PayPal to become its domestic partner bank for inward remittances. The Central Bank of Sri Lanka currently allows outward payments through PayPal via credit cards but the monetary authority prohibits receipts and withdrawals from domestic bank accounts. However, the Central Bank…
Due to the opposition of those like the government coalition partner the Jathika Hela Urumaya [JHU] and others who voted against the Strategic Development Projects Gazette notification in parliament the arrival of foreign investors like James Packer and others to Sri Lanka are now at risk, said Investment Promotions Deputy Minister Faizer Mustapha. If to…
EXCLUSIVE: To the questions raised by media reports whether multi-billion dollar Australian businessman JamesPacker would not come to Sri Lanka under the prevailing situation, the main Sri Lankan stakeholder in this project, prominent business personality Ravi Wijeratne provided the answers to AdaderanaBiz. Ravi Wijeratne confirmed that James Packer would continue to stay with planned mixed…
The Hayleys Group has now revealed the details of the purchase of the controlling stake of Centara Resort and Spa at Passikudah which was first reported by AdaderanaBiz recently. Hayleys Group chairman Mohan Pandithage has announced that Amaya Leisure PLC under Hayleys has bought 51 percent of the shares of Sun Tan Beach Resorts (Pvt)…
Equity market managed to retain the positive momentum as both indices closed with high returns. Benchmark All share price index gained 37.42 points (+0.6%) to end at 6,223.67 while S&P SL 20 index gained 12.87 points (+0.38%) to close at 3,418.19. Price improvements in counters such as Ceylon Tobacco (closed at LKR 1,100.00, +3.3%), Lion…
Cairn India, the company engaged in Sri Lanka’s maiden off-shore natural gas discovery in the Mannar Basin has urged the government for a holistic view over the discovery to maximise its benefits. In its fourth quarterly report Cairn India has stated that the company is continuing discussions with the Sri Lankan government regarding the commercial…
The Bodhu Bala Sena organization has obtained a name under the Clause 34 of the Companies Act No. 07 of 2007 to register as a company limited by liability, says the Registrar General of Companies. The name for which the approval has been granted is the ‘Bodhu Bala Sena Jalaya’ or the Bodhu Bala Sena…
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