Last Updated : 23-07-2014 18:18



Separate board to list BoI firms

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Both the Securities and Exchange Commission (SEC) and Colombo Stock Exchange (CSE) are currently working on a project to lure the Board of Investment (BoI) companies into the stock market in a bid to increase the number of listings and market liquidity, according to a top capital market official.
Views: 9286

Stockbrokers write to CSE requesting brokerage fee hike

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Sri Lanka’s stockbrokers have written to the Colombo Stock Exchange (CSE) requesting a hike in the brokerage fees citing financial hardships they are currently undergoing amid relatively low market turnover levels, Mirror Business learns.
Views: 9583

SEC files motion to Touchwood case

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The capital market regulator, Securities and Exchange Commission (SEC) has filed a motion in the Commercial High Court Colombo that’s hearing the winding up application of agro-forestry investment firm Touchwood Investment PLC filed by a creditor of the company, Mirror Business learns.

Views: 9317

CSE mulls minimum 20% free float requirement

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The Colombo Stock Exchange (CSE) is considering the implementation of a minimum 20 percent public float requirement, a top CSE official said.
Views: 2656

“Invest Sri Lanka” investor forum in Hong Kong

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Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC) will host the “Invest Sri Lanka” investor forum at the Shangri-La Hotel in Hong Kong today.
Views: 6836

Bourse recovers from 4-month closing low on large cap buying

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Sri Lankan stocks recovered from their lowest level in more than four months yesterday as investors picked up large cap shares such as Ceylon Tobacco Company Plc and Nestle Lanka Plc, but foreign outflows continued for the fourth day.
Views: 2165

Bourse hits 4-mth closing low on foreign selling

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Sri Lankan stocks closed at their lowest level in more than four months yesterday with trading volume slumping to near three-week lows as foreign outflows continued for the third day, while retail investors stayed on the sidelines amid a falling rupee, brokers said.
Views: 1815

CSE opens branch office in Ratnapura

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The Colombo Stock Exchange (CSE) opened its newest branch in Ratnapura yesterday making it the seventh branch office Sri Lanka’s only equity exchange has islandwide.
Views: 2144

Ram cuts Sanasa Bank’s outlook; retains rating

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The ‘outlook’ on Sanasa Development Bank PLC (SDB), a licensed specialized bank (LSB) has been revised to ‘stable’ from ‘positive’ by Ram Ratings Lanka, with respective long and short term ratings at BBB and P3
Views: 1851

CSE releases market listing guide to encourage investment

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The Colombo Stock Exchange (CSE) yesterday launched a publication titled ‘A guide to listing on the CSE’, in a bid to raise awareness on equity listing and corporate debt securities.
Views: 3073

SEC seeks rule change to lure pension funds to debt market

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While steps are being taken towards facilitating US dollar bonds issuances by Sri Lankan corporates, capital market regulator is currently exploring the possibilities in getting the restriction on large pension funds in investing in the country’s corporate debt market, relaxed.
Views: 1957

Sri Lanka mulls corporate dollar bonds: SEC Chief

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In a bid to open Sri Lanka’s corporate debt market to foreign investors, country’s capital market regulator, the Securities and Exchange Commission (SEC) is currently in discussions with the Central Bank to facilitate the issuing of foreign-denominated debt by the corporate sector, according to SEC Chief.
Views: 2797

Bourse in red amid slow foreign buying

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The main All Share Price Index (ASPI) of the Colombo Stock Exchange dropped below the psychological 6,000 point mark yesterday amid lack of foreign buying in the market.
Views: 2479

CSE to hold next investor forum in Hong Kong

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The Colombo Stock Exchange (CSE) has planned its third investor forum outside Sri Lanka to lure foreign investors to the country’s capital market. The investor forum will be held on September 9 at the Island Shangri-La Hotel in Hong Kong.
Views: 4004

Aitken Spence puts two thermal power plants up for sale

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Two thermal power plants belonging to Aiken Spence PLC have been put up for sale following the lapse of the power purchase agreements they had with Ceylon Electricity Board.
Views: 3824

SEC to hold ‘Investment Day’ to educate public

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The Securities and Exchange Commission of Sri Lanka (SEC) in its endeavour to develop an efficient and effective capital market has organized “Investment Day 2013” at the Sri Lanka Exhibition and Convention Centre on July 6 (from 9.00 a.m. to 5.00 p.m.) under the auspices of Economic Development Minister Basil Rajapaksa.
Views: 2772

Fitch revises down NDB’s rating on shift in biz model

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Fitch Ratings has downgraded National Development Bank (NDB) national long-term rating to AA- with a ‘Stable Outlook’ as a result of possible increase in bank’s risk profile due to a change in its business model.
Views: 2830

Exports down; trade gap widens

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Sri Lanka's trade gap widened 19.2 percent Year-on-Year (YoY) in the month of April to US $ 825.4 million amid slowing down of exports
earnings by 6.87 percent YoY to US $ 696.6 million.
Views: 2452

Market to rebound in 2H, ASI to hit 9,000

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A host of positive factors ranging from healthy corporate earnings to lower interest rates and return of funds to long term investments will enable Sri Lanka’s capital market to bounce back strongly in the second half (2H) of this year, an equities report by a local brokerage said.
Views: 2225

New SEC Act for Cabinet approval next month

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The new Securities and Exchange Commission (SEC) Act is now finalized and the SEC Commission will formally approve the amendments proposed within two weeks before it will be sent for Cabinet approval next month, the SEC Chairman said.
Views: 2818

NDB secures US $ 24 million IFC loan

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IFC, the private sector investment arm of the World Bank Group has extended a US $ 24 million tenor loan to National Development Bank (NDB), the bank said in a statement.
Views: 2697

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Remembering ‘Black July’
“Minnie's Tropical Splash”
Army Commander chats with former commanders
Workshop on National Alcohol Policy
Remembering ‘Black July’
“Minnie's Tropical Splash”
Army Commander chats with former commanders
Workshop on National Alcohol Policy