Category: Business News
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First Capital Treasuries Limited Debenture Issue – Listed Today
Colombo Stock Exchange (CSE) announces that they were listed the First Capital Treasuries Limited Debenture Issue from today 3rd march 2015. The debentures are Five Year Fixed Rate Debentures (9.50%) payable annually.
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Bieco Link Carbons [Pvt) Ltd Becomes Adam Carbons (Pvt] Ltd
PCH Holding announce to CSE that the Bieco Link Carbons [Pvt) Ltd a fully owned subsidiary of PCH Holdings PLC is renamed and branded as “Adam Carbons (Pvt] Ltd” with effect from 18th February 2015. Adam Carbons (Pvt) Ltd is a world-class manufacturer of granular and powdered activated carbon since 1989 and the only coconut…
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USD 5 billion from IMF to pay off Chinese loans
The Sri Lankan government will approach global lenders including the World Hank and the International Monetary Fund (IMF) to borrow from them to the tune of US $ five billion to restructure expensive loans, obtained from China, by the previous regime for infrastructure development projects in the country. According to Reuters, the Central Bank Governor…
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CCTV cameras in all buses in Sri Lanka (CTB and Private Buses)
The Transport Ministry is making arrangements to set up CCTV cameras in all private buses and Ceylon Transport Board (CTB) buses, Internal Transport Minister stated in news. At present, the number of complaints received by the ministry and the CTB on inconveniences encountered by passengers inside buses are rapidly increasing. Violence against women, passengers not…
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Rs. 212 Million fine on power pirates last year
The Ceylon Electricity Board (CRB) collected Rs. 212 million as fines from power pirates during raids conducted last year, Power and Energy Minister Patali Champika Ranawaka said. The minister said 3,199 people were found guilty of power pirating CEB sources said some had altered electricity meters while Others had tapped power illegally. Minister Ranawaka said…
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Colombo Stock Exchange Trade Summary – 26th February 2015
Colombo Stock Exchange (CSE) publish their trade summery for the 26th February 2015, see below key information of Colombo Stock Exchange Trade Summary, or click below link for details Colombo Stock Exchange Trade Summary published by Colombo Stock Exchange (CSE) Price Indices Today Previous Day All Share Price Index (ASPI) 7,317.44 7304.61 S&P Sri Lanka…
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Senior Citizen Fixed Deposits new interest rates, Deposits Less than 1 Million 15% and Deposits Less than 2.5 Million 12% per Annum – Confirmed by Central bank of Sri Lanka
Central Bank of Sri Lanka has said that it had instructed all the banks to allow senior citizens who are over 60 years of age to avail them of the special interest scheme meant for them as announced in the interim budget of 2015, with effect from February 1, 2015. Accordingly, senior citizens above the…
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Hybrid vehicles Relief (No New tax for Hybrid vehicles till March 16) for those who Open LC
The Government has provided conditional relief to individuals who had opened Letters of Credit to import hybrid vehicles before the interim budget. Financial Ministry officials said they would not be charged new taxes until March 16. The decision to provide relief to the individual importers of hybrid vehicles came after a series of discussions with…