06 Apr 2016 - 0 - 17970
United Motors Lanka PLC, the local distributor for Valvoline, was awarded for the highest sales volume in 2014/15 for the second consecutive year at the recently concluded Valvoline South East Asia Conference in Hong Kong Valvoline, a business of Ashland Inc., has been providing premium automotive lubricants, industrial lubricants and vehicle appearance products in more than 160 countries across the globe for more than 150 years and is the first
24 Nov 2014 - 0 - 19057
The the “Tourmaline Lanka” magazine, a publication that focuses solely on fascinating world of gem and jewelery was launched recently.“It is our aim to publish the Tourmaline Lanka magazine i n both English and Chinese, and furthermore Spanish, Japanese, Russian and French in order to market the Sri Lankan gem industry to the international arena by promoting and selling it at all the main International Gem & Jewelry Exhib
24 Oct 2014 - 0 - 17931
Capital market regulator, the Securities and Exchange Commission (SEC) is seeking public opinion and comments in order to set up an association to represent minority investors of Colombo Stock Exchange (CSE) listed entities.To this effect, SEC has published a public consultation paper seeking direction to kick start such an initiative and also requested alternative approaches to do so.The objective in establishing a minority investors&r
11 Oct 2014 - 0 - 20308
In keeping with the Government’s ICT policy, the Department of Pensions has launched a Digital Identity Card for Pensioners in partnership with Sampath Bank, a pioneer in technological innovations and one of the key stakeholders in the banking industry that uses state of the art digital technology in providing banking services to its customers.
01 Aug 2014 - 0 - 18455
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.
12 May 2014 - 0 - 21616
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
23 Apr 2014 - 0 - 31234
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.
21 Jan 2014 - 0 - 26085
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.
06 Jan 2014 - 0 - 28036
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.
02 Jan 2014 - 0 - 26003
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.
30 Dec 2013 - 0 - 27693
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.
27 Dec 2013 - 0 - 26019
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.
23 Dec 2013 - 0 - 28714
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.
17 Dec 2013 - 0 - 25669
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.
13 Dec 2013 - 0 - 25723
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.
11 Dec 2013 - 0 - 26038
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.