The Colombo Stock Exchange saw the All Share Price Index surpassing the 7000 points mark today and closing at 7,147.77 points while the MPI ended the day at 7,829.05 points.
Meanwhile the week that ended today saw its turnover recording a sum of Rs. 21.98 billion compared to Rs. 22.5 billion witnessed during the last week.
The [...]
October 1, 2010 6:53 PM | Posted in
Markets,
Stock Market |
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Citizens Development Business Finance Limited today announced that it will list the company in the Diri Savi Board of the Colombo Stock Exchange.
Accordingly the company will list 39.68 million of shares owned by its shareholders at the CSE.
CEO of the CDB Mahesh Nanayakkara said the move is aimed at meeting regulatory requirements and support future [...]
October 1, 2010 1:54 PM | Posted in
Markets,
Stock Market |
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One of Sri Lanka’s leading advertising figure Ranil De Silva has won an IAA Global Medal of Merit award presented by the International Advertising Association for persons who has rendered an outstanding service to the Industry.
The significance of De Silva’s achievement is that this “The Medal of Merit” established in 1960 is only given to [...]
October 1, 2010 11:24 AM | Posted in
Other,
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Inability to carry out “Parate execution” is hindering Lankaputhra Banks loan recovery process says the Bank.
Its Chief Financial Officer who is also the Acting GM/CEO Sumeda Edirisuriya says “We don’t have parate execution rights”.
He said the Bank comes under the Companies act thus preventing them from immediately recovering the loan through Parate execution.
This situation has [...]
October 1, 2010 10:07 AM | Posted in
Business & Finance |
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Sri Lanka’s September Inflation has gone up to 5.8% from just 5.0% recorded during the month of August.
Central Bank announced that this increase was caused by price increases recorded in the Food and non-alcoholic beverages, clothing, footwear, health, housing, water, electricity, gas and other fuels etc.
Meanwhile the annual average inflation in September too has increased [...]
October 1, 2010 8:51 AM | Posted in
Economy |
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