Last Updated : 02-09-2014 13:58

 
 

Stock

Commercial Credit acquires Trade Finance & Investments

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Commercial Credit & Finance PLC has acquired the control of Trade Finance & Investment PLC, a company controlled by the Cooray family, owners of Jetwing Group.
Views: 1557

SEC Licenses First Dollar Fund in Sri Lanka

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Ceylon Asset Management launches ‘Ceylon Dollar Bond Fund’ to attract foreign investments into Sri Lanka dollar bonds. In a giant step to internationalize the investment industry in Sri Lanka, which has thus far been restricted to rupee investments, the Securities & Exchange Commission (SEC) licensed the country’s first ever dollar denominated unit trust with the approval of Central Bank and Ministry of Finance.
Views: 1125

Taprobane buys 9 percent of PABC

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High net worth investor Ajith Devasurendra led Tabrobane Holdings yesterday bought a 9.1 percent stake in Pan Asia Banking Corporation PLC (PABC), of which business leader Dhammika Perera is the main shareholder
Views: 1264

ASPI crosses 6, 500 point mark

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The main index of the Colombo Stock Exchange, the All Share Price Index (ASPI) today crossed the 6,500 point mark, at the close of trading, for the first time since October 2011.
Views: 971

Rs.172mn fraud at Sierra Cables

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A fraud amounting to approximately Rs.172 million has been detected at Sierra Cables PLC, a unit of Sierra Holdings, the company informed the Colombo Stock Exchange yesterday
Views: 4350

SG Holdings Global announces Rs.10.70 per share mandatory offer on Expolanka

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SG Holdings Global Plc Ltd, the overseas arm of SG Holdings of Japan which bought 30 percent stake in Expolanka Holdings PLC in a Rs.6.2 billion deal last Friday, has made a mandatory offer to acquire remaining Expolanka shares at Rs.10.70 per share
Views: 4010

Vajira Kulatilaka to succeed Balendra as new CSE Chairman

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Vajira Kulatilaka who has been a Colombo Stock Exchange (CSE) board member since October 2009, will succeed Krishan Balendra as the new Chairman of CSE from June 5
Views: 4631

Opportunities for entrepreneurs in Sri Lanka and key challenges

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Start-ups play a vital role in a country’s economy, filling in niches and creating employment. In developing economies such as Sri Lanka, entrepreneurship is often viewed as an important component in stimulating economic growth, innovation and competitiveness.
Views: 5318

SEC urges listed companies to appoint compliance officers

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Sri Lanka’s capital market watchdog, the Securities and Exchange Commission (SEC), urged all public listed companies to appoint an officer for the purpose of monitoring the particular company’s compliance with the SEC regulations.
Views: 9511

Brokers seek permission to close shop temporarily

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Several struggling stock brokers have written to the Colombo Stock Exchange (CSE) requesting permission to temporarily halt their operations mainly due to low activity levels in the bourse, Mirror Business learns.
Views: 10225

Brokers seek permission to close shop temporarily

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Several struggling stock brokers have written to the Colombo Stock Exchange (CSE) requesting permission to temporarily halt their operations mainly due to low activity levels in the bourse, Mirror Business learns.
Views: 10703

India Infoline to exit Lankan stock broking venture

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Nearly two and a half years into setting up of a stock broking arm in Sri Lanka, India’s diversified financial services group, India Infoline Limited (IIFL) is to sell its entire stake to exit the Lankan operations, according to a top company executive.
Views: 10191

SEC mulls ‘independent opinion’ on offer price for future IPOs

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The Securities and Exchange Commission (SEC) has carried out a study to assess the possibility of mandating the justification of the ‘fairness of the Initial Public Offering (IPO) offer price’ by an independent and competent party, an year-end review by the SEC noted.
Views: 9822

SEC amends director dealing disclosure rules

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The capital market regulator, Securities and Exchange Commission (SEC) has issued a directive amending the disclosure requirements on share dealings by directors of listed entities, and these new rules will come in to force from April 01, 2014.
Views: 10349

SEC to amend disclosure rules on director dealings

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The Securities and Exchange Commission is expected to amend the listing rules pertaining to disclosures on director dealings, to chuck out some ambiguities that have fuelled late disclosures by some parties.
Views: 9169

SEC educates Criminal Investigation Department

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The Securities and Exchange Commission of Sri Lanka (SEC) as the regulator of the capital market of Sri Lanka is committed towards promoting, developing and maintaining a capital market that is fair, efficient, orderly and transparent.
Views: 9311

SEC issues directive on minimum free float

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Having conducted three rounds of public consultations, capital market watchdog the Securities and Exchange Commission (SEC) last Friday issued a directive on minimum public float as a continuous listing requirement effective from January 01,2014.
Views: 9821

CSE to implement minimum free float from January

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The capital market watchdog Securities and Exchange Commission (SEC) is likely to issue a directive in early part of next year, setting out rules on the ‘minimum mandatory continuous free floating limits’ for Colombo Stock Exchange (CSE) listed companies, according to a top official.
Views: 9262

SEC tightens related party transaction rules

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The Securities and Exchange Commission yesterday tightened the rules on related party transactions by introducing a detailed best practices code with effect from January 1, 2014, aiming to safeguard minority shareholders and put in place an internal control mechanism in listed firms.
Views: 9395

DEBT LISTINGS: Above investment grade rating becomes mandatory

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The Colombo Stock Exchange (CSE) announcing a series of amendments to listing rules yesterday made it mandatory for debt issues to have ratings one notch above investment grade, and completely shelved Second Board listing of debt issuances.
Views: 9266

Foreign inflows top Rs.23bn

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Stocks ended two-week high yesterday led by diversified shares such as conglomerate John keels Holdings PLC, while foreign inflows also helped boost turnover.
Views: 9417

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Launch of ‘Adara Ankura’
Remembering Anagarika Dharmapala
Harin in Passara
Series win
Launch of ‘Adara Ankura’
Remembering Anagarika Dharmapala
Harin in Passara
Series win