The Securities and Exchange Commission (SEC), the regulator of the capital market, has introduced a system to report instances of misconduct on social media that could potentially affect the Colombo Stock Exchange. With the rapid evolution of communication channels and the increase of social media influence in the financial markets, the SEC said it has recognised the need for proactive measures to identify and address the potential social media w
Singer Sri Lanka PLC reported some solid top and bottom line performances in the three months ended in December 2023, as the company saw the demand for many of its consumer durable product lines returning quite strongly while the softening interest rates helped the company to lower its finance cost. Singer Sri Lanka, the country’s largest consumer durables retailer, reported revenues of Rs.26.77 billion in the October-December quarter, the compan
Diversified conglomerate CIC Holdings PLC, for the quarter ended on December 31, 2023 (3Q24), saw its revenue expand 30.4 percent year-on-year (YoY) to Rs.25.36 billion. In the corresponding period (3Q23), the company reported a revenue of Rs.19.45 billion. The entity has its roots deeply embedded in the agriculture and livestock industries. The segment-wise analysis shows that the revenues of crop solutions, agri produce and health and personal
The captioned units of the CAL Five Year Optimum Fund were officially listed on the Colombo Stock Exchange (CSE) yesterday (1 February). Accordingly, 193,904,428 units of the fund were listed by way of an Introduction. This is the first unit listing in over a decade, warra
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
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
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
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.
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.
IMF to review SL’s economic progress next week
Global economy in sticky spot: IMF
Island-wide canteens, restaurants to lower food prices tonight
Thailand allows visa-free entry for Sri Lankans from tomorrow
Legislature, judiciary on collision course over bar on IGP
AIESEC Jaffna Uni Event on Gender, Mental Health on Aug 03
Supreme Court bar on IGP appointment done duly, Speaker stands firm