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Samson International to issue bonus shares to mark Silver Jubilee

Samson International PLC has decided to issue bonus shares in the proportion of one ordinary share to each ordinary 10 shares held by way of a capitalization of reserves to mark the Silver Jubilee of the company. The number of shares to be issued is 384,797 at Rs. 10 per share. The current stated capital…

(0)Comments | August 21, 2014 11:59 am

10 innovations that made Google great

Google owns search — to the point that its name has even become synonymous with the verb “search.” Part of the reason Google (GOOGL, Tech30) has held the search crown for the better part of a decade is that it constantly improves its product. It has successfully adapted to the changes in technology and the…

(0)Comments | August 21, 2014 9:37 am

Stock Market Review – 20th Aug 2014

Colombo bourse retained the optimistic momentum on Wednesday to close in positive territory. All share price index closed at 6,999.97 with a gain of 18.51 points or 0.27% while S&P SL 20 index gained 14.11 points or 0.37% to end at 3,862.61. Main index gained 186.07 points so far in this month.  The gains were…

(0)Comments | August 20, 2014 5:34 pm

Central Bank continues Communication Programme in the USA

The Central Bank launched a robust Communication Programme in the USA with the engagement of the Thompson Advisory Group LLC (TAG), from March 2013 to June 2014, and the subsequent engagement of the Liberty International Group LLC from August 2014 onwards. The Communication Programme has been fashioned to create and maintain a conducive political and…

(0)Comments | August 20, 2014 5:03 pm

Lanka-China economic ties no issue to India, says Dr. Swamy

India has no issues over China entering Sri Lankan markets. India too has China entering its markets. So there is no need for India to see China as a hostile power, said India’s Janatha Party leader and a leading member of the ruling Bharathiya Janatha Party, Dr. Subramanian Swamy while speaking to Adaderana. Dr. Swamy…

(0)Comments | August 20, 2014 2:29 pm

Hayleys Group chairman lauded for 40 years of shipping

Minister of External Affairs Prof G.L. Peiris presented a token of appreciation to Hayleys Group Chairman Mohan Pandithage in appreciation of over 40 years of service to the shipping sector at the 48th Annual General Meeting of the Ceylon Association of Ships’ Agents held recently. Photo caption: Prof G.L. Peiris presenting the token of appreciation…

(0)Comments | August 20, 2014 2:14 pm

Adam Investments buys more into PC Pharma

Adam Investments Limited has acquired 1,416,778 shares of PC Pharma PLC at Rs. 1.70 per share. The PC Pharma shares held by Adam Investments prior to this transaction on the Colombo Stock Exchange trading floor were 31,463,746.

(0)Comments | August 20, 2014 11:26 am

CML-MTD sets up a BOI venture to undertake housing projects for the Underserved

CML-MTD has set up a BOI venture to undertake housing projects under the Urban Regeneration Plan set out as per the model proposed by the Urban Development Authority. The new BOI Company has been successful in sourcing foreign funding for its project. The initial scope of the project comprises of the construction of 5,000 housing…

(0)Comments | August 20, 2014 9:32 am

MTD Walkers PLC 1Q bottom line grows by an impressive 96%

MTD Walkers PLC posted a net profit of Rs.370 million recording an impressive growth of 96% for the 1st quarter FY 2014/2015 when compared to the 1st quarter of the previous financial year. The Group Revenue for the period grew by 76% to Rs. 3.3 billion.  Due to the drop in the market lending rates…

(0)Comments | August 19, 2014 8:03 pm

Stock Market Review – 19th Aug 2014

Colombo equity market closed on Tuesday with positive returns as the bourse witnessed the best turnover since March 2012. Core index managed to bag 6.75 index points or 0.10% to close at 6,981.46 while 20-scrip S&P index earned 17.93 index points or 0.47% to close at 3,848.50. Bourse posted favorable returns with the help of…

(0)Comments | August 19, 2014 6:56 pm