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Did Templeton Trust buy Hemas shares sold by EPF?

The crossing of 33.5 million shares of Hemas Holdings Limited at Rs. 45 each this morning (2June) has been sold by the Employees Provident Fund (EPF) and another party, it has been revealed. There is a rumor that this transaction has been done by a foreign based trust fund by name of Templeton Trust. The…

(0)Comments | July 3, 2014 1:06 am

Weather unfavourable for buoy to be brought to land

It has been revealed the damaged caused to the buoy used to transport fuel from sea to land cannot be repaired during the prevailing weather. Commenting on this to AdaderanaBiz.lk, Ceylon Petroleum Corporation (CPC) chairman Sirisena Amarasekera said that the prevailing rainy weather obstructs any repairs of this kind. As an alternative they plan to…

(0)Comments | July 2, 2014 11:38 am

Dhammika Perera to head Rocell

Prominent businessman Dhammika Perera has been appointed the new chairman of Royal Ceramics Lanka PLC. Earlier Dhammika Perera was the deputy chairman of this company while A.M Weerasinghe was thechairman. Mr. Weerasinghe would continue to be a director of Royal Ceramics Lanka PLC.

(0)Comments | July 1, 2014 9:26 pm

Stock Market Review – 01st July 2014

Colombo equity market posted mixed results on Tuesday amid high activity levels in premier blue-chip, John Keells Holdings. Core index marginally declined by 2.61 index points (-0.04%) to end at 6,376.01 while 20-scrip S&P SL index gained 9.13 index points (+0.26%) to close at 3,543.56. Price declines in counters such as Sri Lanka Telecom (closed…

(0)Comments | July 1, 2014 5:34 pm

Toyota i-Road Car-Sharing Program Expands to Grenoble in October

Toyota started testing it’s new i-Road ultra light EV in Japan about two months ago, to see if it will adapt to real traffic conditions. It seems they succeeded because the project is now expanding to Europe, with Grenoble being the first city to support this sort of car-charing program. Grenoble, France, is known for…

(0)Comments | July 1, 2014 5:22 pm

Pictorial warnings on cigarette packs takes more time

Following an undertaking to the Supreme Court by Health Minister Maithripala Sirisena that the order to carry pictorial warnings on cigarette packs, Ceylon Tobacco Company has said that cigarettes would be released to the market in the current packing without the pictorial warnings till the Supreme Court gives its decision on 11 July 2014. The…

(0)Comments | July 1, 2014 12:28 pm

Nihal Kekulawala resigns from Pan Asia Bank

Pan Asia Bank Director Joseph Dacius Nihal Kekulawala has resigned from his position from the bank’s board of directors with effect from 30 June, 2014. The interest of shares of Pan Asia Banking Corporation PLC held by J.D. Nihal Kekulawala is nil.

(0)Comments | July 1, 2014 12:10 pm

Financial Sector Consolidation Update – June 2014

The consolidation process had made progress as planned, and during June 2014, almost all banks and finance and leasing companies (NBFIs) had finalized their consolidation plans and submitted their proposed merger/acquisition plans to the Central Bank. These plans will now be reviewed by the Central Bank with a view to facilitating the respective companies to…

(0)Comments | July 1, 2014 12:04 pm

Stock Market Review – 30th June 2014

Colombo shares retained the momentum gained in last week and began the weekly operations with positive returns. Benchmark All Share Price index inclined by 15.13 points (+0.24%) to end at 6,378.62 while S&P SL 20 index inclined by 13.58 points (+0.39%) to end at 3,534.43. Price progression in counter such as Ceylon Tobacco (closed at…

(0)Comments | June 30, 2014 5:34 pm

SLT subsidiary in Hong Kong liquidated

SLT Hong Kong Limited, a fully owned subsidiary company of Sri Lanka Telecom PLC has been liquidated. The liquidation has been from 18th May 2014.

(0)Comments | June 30, 2014 5:09 pm