Colombo stock market managed to regain lost ground on Wednesday as both indices witnessed positive returns. Benchmark All share price index advanced by 26.47 points (+0.43%) to close at 6,252.60 while 20-script S&P SL advanced by 9.83 points (+0.29%) to close at 3,433.95. Price progression in counters such as Ceylon Tobacco (closed at LKR 1,099.50,…
In the event a foreigner who has been guilty of a crime in another country wants to invest in Sri Lanka, the decision whether the particular investor is to be allowed to do so would be taken after careful consideration of any such complaints, said the Executive Director of the Sri Lanka Board of Investment’s…
HSBC‘s profit fell in the first quarter of the year as lower retail banking fees and difficult global markets trading hit the bank’s bottom line. Pre-tax profit, excluding one-off items, fell 13% to $6.62bn (£3.9bn) in the three months to the end of March. Revenue fell 8% to $15.7bn. The group warned that customer activity…
The Richard Pieris & Company PLC 30 million rated, unsecured redeemable debenture issue at Rs. 100.00 per share with the option of increasing the share up to 35 million, has been oversubscribed. Hence, the issues will close at 4.30pm today (07 May, 2014).
Browns Investments PLC says that it has sold 11,988,208 non-voting shares (entire shareholdings) held in Seylan Bank to Lanka Orix Leasing Company PLC for Rupees 479,928,320. Browns Investments is a subsidiary of the LOLC group with the following as the common directors: I.C. Nanayakkara – Executive Chairman/Executive Director Browns Investments PLC and Deputy Chairman LOLC;…
Colombo bourse snapped the five day winning streak, posting negative returns on both indices. ASI declined by 23.30 index points or 0.37% to end at 6,226.13 and simultaneously 20-scrip S&P SL index dropped by 17.57 index points or 0.51% to close at 3,424.12. Price depreciations in Nestle Lanka (closed at LKR 1,940.00, -2.0%), Ceylon Tobacco…
The world’s largest beverage-maker, Coca-Cola, plans to remove a controversial ingredient from some of its drinks brands by the end of this year, following an online petition. Brominated vegetable oil, or BVO, is found in Coca-Cola fruit and sports drinks such as Fanta and Powerade. It will be replaced after concerns that an element of…
Discussions were held on the draft text of a comprehensive Agreement on Bilateral Civil Nuclear Cooperation between India and Sri Lanka on 5 and 6 May in Colombo where it was agreed that the next meeting would be held in India in the second half of 2014 to take forward the issues under discussion. The…
Photographer Brendan Beirne thought he might be lucky to snap a few frames of billionaire James Packer arriving at his Bondi home on Sunday afternoon. But within five minutes of pulling up outside Packer’s multimillion-dollar beachside pad, Beirne was snapping away furiously, not believing the scene that was playing out before his lens. In photographs…
Sampath Bank, has partnered with Sri Lanka Ports Authority (SLPA) to expedite port related landing and delivery payments and deliver a hassle-free facility to exporters and importers in Sri Lanka. This is the first time this landing and delivery payment facility is being made available to private commercial banks in Sri Lanka and Sampath Bank…
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