Tag: Sri Lanka Business News
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Hemas Going for Right Issues of 57,254,513 ordinary shares (1:9)
Hemas Holding PLC announced to the Colombo Stock Exchange that the company is proposed to issue of 57,254,513 ordinary shares by way of a 1 for 9 rights Issue. The statement stated “We wish to inform you that the Board of HHL has received a written statement from the major shareholders of HHL namely Messrs.…
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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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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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Sri Lanka Minimum monthly salary of public servants now Rs. 30,040/-
The Deputy Minister Policy Development and Economic Affairs Dr. Harsha de Silva said the Sri Lankan Public Sector has enjoyed a highest salary increment since Independence on 1948. The current Basic Salary for the Public Servant is about Rs. 30,040/-, how ever a low scale Private sector Employee gets approximately Rs. 15,000/- as their basic salary.…
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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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Sri Lankans to pay less at National Museum in New Delhi
The government of India has reduced the entrance fee to the National Museum of New Delhi for Sri Lankan nationals to INR 10.00 from the current rate of INR 300.00 , the Indian High Commission announced to news. The High Commission said in a statement that Indian Prime Minister Narendra Modi had taken the decision…
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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…