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Stock Market Review – 01st Dec 2014

Colombo equities managed to maintain the momentum gained on last Friday and both indices closed with notable gains.  Core index gained 121.78 index points or 1.7% to close at 7,275.68 while 20-scrip S&P SL index advanced by 69.55 index points (+1.8%) to end at 4,040.67. Shares gained across the board during today’s session and the…

(0)Comments | December 1, 2014 5:32 pm

Chance to make Sri Lankan whiz kids win Google world competition

A youth team from Sri Lanka, comprising Vimukthi Liyanage and Shameera Weerasinghe has been successfully included among the nine finalists from the 317 competitors from some 60 countries world-wide in the GBG Success Stories competition organized by Google. This victory is for Mogo Reader, a personal mobile reader which enables to experience the new mobile…

(0)Comments | December 1, 2014 1:34 pm

Facilities in South to pay for vehicle revenue license through credit cards, mobile phones

Facilities have been made to enable financial payments through credit cards and mobile phones to obtain vehicle revenue licenses. These facilities will be made available starting from the Southern Province, says the government owned Information and Communication Technology Agency of Sri Lanka Limited (ICTA). ICTA adds that facilities would also be arranged in the Southern…

(0)Comments | December 1, 2014 1:12 pm

Financial Sector Consolidation Update – November 2014

During the month of November 2014, further progress was made by banks and finance companies and leasing companies (NBFIs) on the financial sector consolidation process. •The proposed amalgamation of the Merchant Bank of Sri Lanka PLC, MCSL Financial Services Ltd and MBSL Savings Bank Ltd has reached the final stage of completion. The necessary shareholder…

(0)Comments | December 1, 2014 10:39 am

Stock Market Review – 28th Nov 2014

Colombo equities conclude the weekly operations in a mixed note on Friday where main index bagged 38.01 points or 0.53% to end at 7,153.90 and 20 script S&P SL 20 index lost marginally 6.03 points or 0.15% to end at 3,971.12. During the week All share price index lost 247.72 points (-3.3%) while S&P SL…

(0)Comments | November 28, 2014 5:39 pm

Lion Brewery Debenture oversubscribed

The Listed Debenture Issue of Lion Brewery (Ceylon) PLC was oversubscribed during the early hours of the opening day (28) as per the disclosures made to the CSE by the Registrars to the Debenture Issue. NDB Investment Bank acted as the Financial Advisors and Managers to the Debenture Issue. The debenture issue of Lion Brewery…

(0)Comments | November 28, 2014 12:45 pm

Handing over a business to the third generation – The DSI example (Video)

BIZ 24×7 programme held a special discussion on how to hand over a business to the third generation with one of Sri Lanka’s prominent businesses, the DSI Group’s Chief Executive Officer Kulatunga Rajapaksha. The discussion in full:

(0)Comments | November 28, 2014 10:17 am

Unilever’s Global CEO Paul Polman visits Sri Lanka

Unilever Chief Executive Officer, Mr. Paul Polman, has arrived in Sri Lanka for  a two-day business visit to Unilever Sri Lanka. Accompanying Mr. Polman is Executive Vice President – South Asia, and Managing Director and CEO of Hindustan Unilever, Mr. Sanjiv Mehta. Unilever Sri Lanka (USL) has been a high performing business and has a…

(0)Comments | November 28, 2014 9:53 am

British High Commission brings UK trade mission to Sri Lanka

The inauguration of the UK trade mission to Sri Lanka, “Putting British Business on the Front Foot”, was held today (Thursday, 27 November, 2014) at the Cinnamon Grand Colombo.  Organised by the UK Trade & Investment section of the British High Commission, Colombo, the trade mission saw representatives of 21 British companies eager to explore…

(0)Comments | November 27, 2014 8:48 pm

Dialog incorporates subsidiary Digital Holdings Lanka in Sri Lanka

Dialog Axiata PLC has incorporated a wholly owned subsidiary under the name Digital Holdings Lanka Private Limited (DHL) from 24 November 2014. Digital Holdings Lanka Private Limited will function as Dialog Group’s investment holding company for new business areas.

(0)Comments | November 27, 2014 8:39 pm