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New online appointment service for US NIV

The United States Embassy in Colombo is transitioning to a new online appointment service for non-immigrant visa (NIV) starting 7 September. Nonimmigrant visas allow citizens of other countries to visit the U.S. for short periods of time. The “visitor” visa is a nonimmigrant visa for persons desiring to enter the United States temporarily for business,…

(0)Comments | September 4, 2014 5:15 pm

Sri Lanka’s New York investment forum in special discussion with US Exchange Commission

It has been revealed that in preparation for the first investment forum to promote Sri Lanka’s capital market at New York in the United States, Colombo Stock Exchange head Vajira Kulatilleke and Securities & Exchange Commission head Dr. Nalaka Godahewa had held in-depth discussions on the current regulatory challenges with the US Securities & Exchange…

(0)Comments | September 4, 2014 1:43 pm

Operation begins in US to promote Sri Lanka’s capital market

The first investment forum to promote Sri Lanka’s capital market began at New York in the United States in the presence of Minister Sarath Amunugama, Central Bank Governor Ajith Nivard Cabraal, Sri Lanka Securities & Exchange Commission chairman Dr. Nalaka Godahewa and Colombo Stock Exchange chairman Vajira Kulatillake. A large number from listed companies in…

(0)Comments | September 4, 2014 11:18 am

Financial strength more than sufficient to meet unanticipated obligations, assures John Keels

The diverse business entity in Sri Lanka with interests in almost all aspects of business and commerce, John Keells Holdings PLC reiterates that its current and expected financial strength is more than sufficient in meeting any unanticipated obligations. In response to the news report that Fitch Ratings has downgraded John Keells Holdings PLC’s (JKH) National…

(0)Comments | September 3, 2014 7:41 pm

Stock Market Review – 03rd Sep 2014

Colombo equities managed to regain lost grounds on Wednesday where ASI witnessed notable positive returns. Core index inclined by 22.28 index points (0.32%) to close at 7,047.10 and S&P SL20 index gained 12.38 index points or 0.32% to end at 3,886.88. Price appreciations in blue-chips such as Ceylon Tobacco (LKR 1,200.00, +1.7%), John Keells Holdings…

(0)Comments | September 3, 2014 6:52 pm

Officials warn that ELEVEN missing airplanes seized by Islamist rebels in Libya could be used to carry out terrorist attack

U.S. officials fear Islamic militants have stolen nearly a dozen commercial planes in Libya which could be used to carry out 9/11-style terrorist attacks in the region. Eleven commercial jets operated by two state-owned airlines went missing last month, after militant group Libyan Dawn overtook the international airport in the capital city of Tripoli. In…

(0)Comments | September 3, 2014 3:08 pm

NSB international bonds attract more US investors

The National Savings Bank (NSB) yesterday successfully completed its international dollar bond issue at an attractive interest rate advantageous to the bank. According to Bloomberg News Service, though initially the NSB had announced the Initial Price Guidance for this issue as 5.5 percent, finally it had been sold at a lower interest rate like 5.15…

(0)Comments | September 3, 2014 11:53 am

Amana Bank Ltd becomes Amana Bank PLC

The name of Amana Bank Limited has been changed to Amana Bank PLC. This follows its shares being listed on the Colombo Stock Exchange and the receipt of the certificate of incorporation from the Registrar of Companies, Sri Lanka.

(0)Comments | September 2, 2014 10:05 pm

Panasian Power acquires 90% in Padiyapelella Hydro Power

Panasian Power PLC has completed its acquisition of 90 percent stake in Padiyapelella Hydro Power Limited. Panasian Power Ltd (PAP) is a wholly owned subsidiary of Power Hub International Sbn Bhd, Malaysia, registered with the Board of Investment of Sri Lanka since April 22, 2002.

(0)Comments | September 2, 2014 9:57 pm

Stock Market Review – 02nd September 2014

Colombo shares lengthen the losses on Tuesday to close in negative territory. ASI started the month of September on losses yesterday after the significant gain of 220.19 points in August. Core index declined by 6.07 points (-0.09%) today to end at 7,024.82 while 20-script S&P SL 20 index marginally lost 2.89 points (-0.07%) to end…

(0)Comments | September 2, 2014 6:06 pm