Tag: Srilanka – News
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Three Wheeler Prices in Sri Lanka after New Budget
There is a huge expectation from threewheel driver about the price reduction of three wheeler after the budget implementation. But the reality was the tax reduction of 15% was reducing only for motor vehicles which less than 1000cc. This tax reduction has not impact to any of three wheeler or motor cycle prices in Sri…
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Colombo Stock Exchange to educate Pensioners on sustainable financial planning
The Colombo Stock Exchange (CSE) is to launch an awareness programme to provide pensioners with a sound understanding of personal financial planning. The CSE entered into a Memorandum of Understanding (MoU) with the Department of Pensions; to educate retired personnel on the diverse avenues of investment available to them. The CSE is commitment towards ensuring…
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Lankem Ceylon PLC Acquired J. F. Packaging (Private) Limited for Rs. 600 Million
Lankem Ceylon PLC announce to the Colombo Stock Exchange that the company has on the 30th January 2015 through purchase and direct investment acquired 72.5% of the equity capital (represented by 488,034 ordinary shares) of J. F. Packaging (Private) Limited at a total consideration of Rs.600 Million. JF. Packaging (Private) Limited, is engaged in the…
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Shaw Wallace Ceylon Limited brought 50% of Richlife Dairies Limited from Renuka Agri Foods PLC
Renuka Foods PLC announce to the Colombo Stock Exchange that the Shaw Wallace Ceylon Limited, a sub-subsidiary of Renuka Foods PLC has acquired Twenty Million Two Hundred & Ninety Thousand (20,290,000) Ordinary Shares (50% shareholding) of Richlife Dairies Limited for a consideration of Rs 605,000,000 from Renuka Agri Foods PLC on 30th January 2015. Shaw…
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Lanka Century Investments PLC- 2015 WARRANTS (W0006) Conversion starts from 5th February to 24th February 2015 for Rs. 39.00 for a share
The Lanka Century Investments PLC announces to the Colombo Stock Exchange about the 2015 Warrants will cease to trade as at end of trading on 05 February 2015. The Company will mall to the holders of 2015 Warrants registered in its books as at end of trading on 05 February 2015 a detailed Notice of…
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Softlogic Capital PLC Reduction of Stated Capital Rs. 618.464 Billion
Softlogic announces to the Colombo Stock Exchange that the Board of Directors of Softlogic Capital PLC has resolved to effect a reduction of the stated capital of the Company. The reason for the reduction – To reduce the accumulated losses of the Company The proposed amount of the reduction of stated capital – LKR 618,464,000.00…
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Colombo Stock Exchange Trade Summary – 5th February 2015
Colombo Stock Exchange (CSE) publish their trade summery for the 5th 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) 7,047.31 7,000.06 S&P Sri…
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Muhunthan Canagey is new CEO of Sri Lanka ICTA
Muhunthan Canagey, one among Sri Lanka’s young entrepreneurs has been appointed as the Chief Executive Officer of the Information and Communication Technology Agency (ICTA) of Sri Lanka. Muhunthan Canagey has over 20 years experience in Sri Lanka’s ICT sector and holds a Masters Degree in Information Technology. He is expected to enhance the ICTA’s role…
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Impact the Ban of Sri Lanka Fishery Product Exports to Europe
The European Commission has stated that the ban on the purchase of fishery products from Sri Lanka imposed since the island had failed to take necessary steps to halt the fishing while violating maritime boundaries and several conditions imposed by the European Union. Sri Lanka has export around 1,500 tonnes of Sri Lanka fishery products…