The market turnover reached a massive Rs. 8.77 billion spurred by speculative interest on certain counters and crossing on HAYL and CONN also boosting the market sentiments further.
ASPI in total gained 1.05% while the MPI gained 1.09%.
DIPPED products disposed their holding of Hayleys amounting to 3.54 million shares, each priced at Rs. 380.
Brokers say retailers [...]
September 1, 2011 6:45 PM | Posted in
Markets,
Stock Market |
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John Keells Holdings and Sanken Lanka (Private) Limited has established a joint venture to build a 240 room business hotel in Colombo with an investment of Rs. 2.90 billion.
John Keells Holdings will be the minority shareholder of the venture while Sanken Lanka will be the major shareholder and also the contractor for the project.
A Stock [...]
Here we reproduce an interview given by Mrs. Amali Nanayakkara, the CEO / MD of Bharti Airtel Lanka to India’s Voice& DATA. In the interview She discusses the company’s standpoint in the country and strategic importance of 4G and also about regulatory issues in Sri Lanka.
Bharti airtel is the largest operator in India. What initiatives [...]
September 1, 2011 5:43 PM | Posted in
Business & Finance,
Interviews |
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Nestle Lanka says it has received the highest number of awards at the “Achievers of Industrial Excellence” Awards 2011 organized by the Ceylon National Chamber of Industries’.
The F&B firm has been awarded with Silver and Bronze main category awards along with a ‘CNCI Top 10’ award which recognizes the ten of the country’s leading companies [...]
September 1, 2011 2:55 PM | Posted in
Photo Gallery |
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Local Importers say, they are puzzled by the continuation of the 100% in house – Cargo Inspection Process happening at Sri Lanka Customs.
The Chairman of the Import Section of the Ceylon Chamber of Commerce Mahesh Wijewardene says, this system came into operation during the conflict period as a security measure.
However he says, despite the end [...]
September 1, 2011 1:43 PM | Posted in
Economy |
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“Securities and Exchange Commission’s action taken against the ERI is well within the regulatory framework”, says a SEC official who is familiar with the issue.
He made this comment to News360.lk when we asked him whether the regulator has been lenient on ERI when it took action against the Company, as claimed by UNP MP Dr. [...]
September 1, 2011 10:44 AM | Posted in
Markets,
Stock Market |
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