Luminex Limited has announced their plans for a LKR 250 Million initial Public Offering (IPO) of 31,250,000 ordinary shares at LKR. 8/- per share, that will be postponed until 19th of May 2022. The postponement comes in the light of the current unrest in the country and at the consultation with the CSE. The issue,…
SINGAPORE: Singapore’s Ministry of Foreign Affairs (MFA) on Thursday (May 12) advised Singaporeans to defer all non-essential travel to Sri Lanka after clashes broke out there. “Singaporeans who are in Sri Lanka are strongly advised to exercise vigilance and take all necessary precautions for their personal safety,” said MFA in a travel advisory. An economic…
The Colombo Stock Exchange (CSE) will resume trading today. Thursday 12th May 2022 onwards from 10.30 a.m. to 12.30 pm. Settlements will take place as notified through the CDS Circular dated 11th May 2022.
In 1919, the May 4th Movement spurred the spread of Marxism throughout China. Hence, in the Peoples Republic of China (PRC), 4th May is dedicated as Youth Day. When academics and intellectuals formed the Communist Party of China (CPC) on 23rd July 1921 they placed youth of the time on centre stage and took back…
The European Union (EU) and its 27 Member States are monitoring closely developments in Sri Lanka. The EU condemns the recent vicious attack against peaceful protestors in Colombo, which triggered further violence after a month of peaceful demonstrations had shown, despite some isolated incidents, that Sri Lankans are able to exercise peacefully their right to…
Our Union vehemently condemns with contempt, the despicable attack by mobs, incited and directed by certain politicians, on peaceful protests that have been continuing for more than a month, aimed at untimely implementation of policy measures, intense pressure on the lives of the general public and forcing the government to make positive measures. We also emphasize the importance…
The Colombo Stock Exchange (CSE) continues to monitor the presence of conditions necessary to enable smooth and fair stock market operations. While the Real Time Gross Settlement (RTGS) inter-bank payment system will be operational today, banks have notified that they will remain closed for normal banking operations to their customers. In this regard, and due…
Joint Chambers together with Institute of Chartered Accountants of Sri Lanka call upon the President to take immediate steps to appoint a competent person as the interim Prime Minister and a small Cabinet of Ministers to be appointed in consultation with the Prime Minister acceptable to all leading political parties represented in Parliament. This must…
Statement by Joint Apparel Association Forum (JAAF) The violence that erupted on the streets of Colombo and in other parts of Sri Lankaon Monday, and the resultant loss of life is both unfortunate and deeply saddening. We empathize with the people’s distress over the extraordinary adverse impact ofthe economic crisis on their lives and livelihoods….
Sellathurai Prabagar appointed new COO in smooth succession at country’s top private sector bank The Commercial Bank of Ceylon PLC has announced the appointment of Chief Operating Officer Mr Sanath Manatunge as Managing Director and CEO effective 12th May 2022, and the concurrent appointment of Mr Sellathurai Prabagar as Chief Operating Officer to fill the…
Video Story
