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Reuters: Shares recovered on Wednesday on thin volume as retail investors bought mid caps, prompted by a fall in interest rates, while foreign investors preferred banking shares, dealers said. The main stock index rose 0.31%, or 19.98 points, to close at 6,461.62. “It was retail driven,” said a stockbroker on condition of anonymity. Market turnover [...]
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Top lawyer Harsha Amarasekera has been appointed as a Director on the Board of Chevron Lubricants Lanka Plc with effect from 1 June. Amarasekera is a President Counsel and has wide practice in the Original Courts as well as in the Appellate Courts. He has specialised in Commercial Law, Business Law, Securities Law, Banking Law [...]
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Sri Lanka Consul General’s office in Shanghai, China launched a promotion campaign to create awareness on “Ceylon Tea”. The event was organised on May 11. Black Tea, or Hong Cha as called in Chinese, is a popular beverage in Shanghai. The campaign targets to promote Sri Lanka’s famous teas as a high end product in [...]
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The Colombo stock market yesterday consolidated itself with ASI marginally down and blue chip S&P SL20 Index up whilst foreign buying remained robust with net inflow topping the Rs. 12 billion mark. “Reversing Monday’s gains, the ASPI lost 0.4% as investors took profit from the market’s ascent over the last week. Turnover jumped to [...]
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The Securities and Exchange Commission (SEC) said yesterday that the Monetary Board has approved the conditional inclusion of investments in Guilt Unit Trusts (GUTs) by Licensed Commercial Banks and Licensed Specialised Banks under the definition of “liquid assets”. The conditions are GUTs should be open ended unit trusts; the underlying investment portfolio of GUTs should [...]
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The Sri Lanka Economic Summit 2013, the flagship event of the Ceylon Chamber of Commerce will be held on the 9, 10 and 11 July 2013 at the Cinnamon Grand, Colombo under the theme ‘Re- Balancing the Economy’. The Sri Lanka Economic Summit brings together the best of Corporate Sri Lanka and world renowned academics, [...]
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The first quarter of 2013 was a highly successful period for NDB Capital Holdings PLC (NCAP), with the company recording Rs. 320 million in revenue compared to Rs. 64 million during the first quarter of 2012, a fivefold growth. This increased revenue translated to a profit of almost Rs. 297 million at company level for [...]
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By Shabiya Ali Ahlam Sharing how Singapore went through short-term pain for long-term gain, an acclaimed expert on world affairs of that country said that Sri Lanka must take in the views of the public. Inaugurating the Eminent Speakers Series at the Miloda Academy of Financial Studies recently, Dean of Lee Kuan Yew School of [...]
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Premier blue chip John Keells Holdings Plc’s (JKH) recent meteoric rise reached a climax yesterday when its market value crossed the $ 2 billion mark, thereby surpassing the 10% share of the CSE’s total. Share price of JKH yesterday hit an intra-day high of Rs. 298.50 before closing at Rs. 297.10, up by Rs. 12.20. [...]
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Group turnover up 13% 74.3 b Three keysectors Hand Protection, Purification Products and Transportation and Logistics individuallysurpass PBT of Rs. 1 b Group after tax profit up 119% to Rs. 3.6 b; net profit attributable to equity holders up 78% to Rs. 1.8 b Hayleys Plc., one of Sri Lanka’s leading conglomerates, yesterday announced an [...]
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Longstanding chief Sathasivam steps down but will continue as director Sunil Wijesinha has been appointed as the Chairman of the Watawala Plantations PLC. He succeeds Govindasamy Sathasivam who has stepped down, having been in the top seat from 1996. However, Sathasivam will continue to serve the Board as a Director. Wijesinha who was a Director [...]
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With the segregation of composite insurance companies coming into effect from February 2015, the insurance industry is gearing up to be well-equipped with ample knowledge to embrace the transition as smoothly as possible. View article at source Future of insurance in Sri Lanka
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