The ASPI declined marginally due to number of declines (87) outweighing the number of advances (58) Price dips in stocks such as Hemas Holdings, Commercial Bank of Ceylon, Distilleries Company of Sri Lanka, LOLC Finance and Property Development weighed on the index. The day’s total turnover was recorded at moderate levels to which John Keells Holdings (Voting) contributed the majority (48% of total turnover). A crossing was recorded in Textured Jersey Lanka. Foreign investors were net buyers during the day. The All Share...
Tuesday, May 31, 2016
Colombo inflation accelerates 4.8-pct in May 2016
May 31, 2016 (LBO) – Consumer prices in Sri Lanka’s capital Colombo has accelerated 4.8 percent in May 2016 from a year earlier, up from 3.1 percent in April 2016 with the inflation index gaining 2.4 percent in the month, the state statistics office said.For the month of May, on year to year basis, contribution to inflation by food commodities was 2.68 percent while the contribution of Nonfood items was 2.19 percent.The index for all items...
Sri Lanka's People's Leasing eyes South East Asian market
May 31, 2016 (LBO) – Sri Lanka’s People’s Leasing and Finance, the country’s largest non-bank lender, is looking at expanding their operations into the South East Asian market, a senior official said.“You can expect an announcement soon, may be in the next two months,” D P Kumarage, Chief Executive, People’s Leasing told LBO.“We are looking at a few countries and now the discussion are in the final stages. We are very sure that it will happen.”Kumarage said he is expecting about 10 -15 percent credit growth in the coming...
Japan to lend Sri Lanka USD4.2bn to help shore up forex reserves
May 31, 2016 (Reuters) – Japan will lend $4.2 billion to Sri Lanka through both a loan and bond financing for budgetary support in the next two years, including infrastructure development, the Indian Ocean nation’s finance minister said on Tuesday.The borrowing comes as Sri Lanka seeks to resolve its precarious balance of payments position after a sharp depletion of foreign exchange reserves – a legacy of massive debt piled up under the previous government.“Japan has committed $2.9 billion at a low interest rate of 0.01 percent...
CENTRAL FINANCE COMPANY - DIVIDEND ANNOUNCEMENTS
CENTRAL FINANCE COMPANY PLC Company ID: - CFIN Date of Announcement: - 31.May.2016 Rate of Dividend: - Rs. 2.00 per share / Final Dividend Financial Year: - 2015/2016 Shareholder Approval: - Required Dates to be notif...
J.L. MORISON SONS & JONES (CEYLON) - DIVIDEND ANNOUNCEMENTS
J. L. MORISON SONS & JONES (CEYLON) PLC Company ID: - MORI Date of Announcement: - 31.May.2016 Rate of Dividend: - Rs. 10.00 per share (Voting & Non-Voting) / First & Final Dividend Financial Year: - 2015/2016 Shareholder Approval: - Required AGM: - 08.Jul.2016 XD: - 11.Jul.2016 Payment: - 20.Jul.2016 Share Transfer Book O...
C.W.MACKIE - DIVIDEND ANNOUNCEMENTS
C.W.MACKIE PLC Company ID: - CWM Date of Announcement: - 31.May.2016 Rate of Dividend: - Rs. 3.50 per share / First & Final Dividend Financial Year: - 2015/2016 Shareholder Approval: - Required AGM: - 30.Jun.2016 XD: - 01.Jul.2016 Payment: - 12.Jul.2016 Share Transfer Book O...
PEOPLE'S LEASING & FINANCE- CORPORATE DISCLOSURE
http://cse.lk/cmt/upload_cse_announcements/1271464696079_....
Monday, May 30, 2016
Sri Lankan rupee forwards weaker on importer dollar demand
May 30 (Reuters) – Sri Lankan rupee forwards fell on Monday due to dollar demand from importers amid fears the currency could weaken further if the government increases spending following the country’s worst natural disaster since 2004, dealers said.Dollar/rupee forwards, known as spot next, were at 147.80/148.00 per dollar, weaker compared with Friday’s close of 147.55/60.Spot next, which acts as a proxy for the spot currency, indicates the exchange rate for the day following conventional spot settlement, which is three days...
Sri Lanka *market update* ASPI close down 0.3-pct, Turnover 740mn
ASPI closed at 6,552.85, down 18.36 points or 0.28 percent with losses Ceylon Tobacco Company and some banking sector stocks, brokers said. Total turnover was 740 million rupees. (03.00 p.m)Asian stock markets traded mixed on Monday. Japan’s Nikkei 225 index was up 0.89 percent while in China the Shanghai composite was trading lower by 0.16 percent and the Shenzhen composite was also down 0.287 percent. In Hong Kong the Hang Seng index was higher by 0.35 percent. Australia’s...
SUNSHINE HOLDINGS - DIVIDEND ANNOUNCEMENTS
SUNSHINE HOLDINGS PLC Company ID: - SUN Date of Announcement: - 30.May.2016 Rate of Dividend: - Rs. 1.05 per share / Final Dividend Financial Year: - 2015/2016 Shareholder Approval: - Required AGM: - 11.Jul.2016 XD: - 12.Jul.2016 Payment: - 21.Jul.2016 Share Transfer Book O...
UNION MOTORS - DIVIDEND ANNOUNCEMENTS
UNITED MOTORS LANKA PLC Company ID: - UML Date of Announcement: - 30.May.2016 Rate of Dividend: - Rs. 2.00 per share / Final Dividend Financial Year: - 2015/2016 Shareholder Approval: - Required AGM: - 29.Jun.2016 XD: - 30.Jun.2016 Payment: - 11.Jul.2016 Share Transfer Book O...
SWISSTEK (CEYLON) - DIVIDEND ANNOUNCEMENTS
SWISSTEK (CEYLON) PLC Company ID: - PARQ Date of Announcement: - 30.May.2016 Rate of Dividend: - Rs. 1.00 per share / Final Dividend Financial Year: - 2015/2016 Shareholder Approval: - Required Dates to be notif...
Sunday, May 29, 2016
Japan extends 38 billion yen development loan to Sri Lanka
May 28, 2016 (LBO) – Japanese Prime Minister has offered a 38 billion yen (USD344 million) development assistance loan to Sri Lanka for water purification projects for Kidney diseases and establishment of electricity transmission lines connecting the entire country.Prime Minister Abe has also thanked President Sirisena for raising Asia’s voice and explaining the Asian perspective to the Western nations at the G 7 Outreach Summit in Ise Shima in Japan.Considering the fact Sri Lanka is strategically located in the Indian...
Friday, May 27, 2016
SL Funds: Equity Unit Trusts now outperform market, says Guardian Acuity
May 27, 2016 (LBO) – There’s good news in fund management. Most of the professionally managed funds that invest in the Colombo market tend to outperform the market.In 2014, for instance, the Guardian Acuity Equity Fund, gave a return of 37.9 percent, compared with the All Share Price Index (ASPI) which rallied 23.4 percent.Sri Lankan equity funds, or open-ended growth funds, outdid the market in 2012 and 2013 as well. They gave returns...
World Bank team concludes visit to Sri Lanka
May 27, 2016 (LBO) – The World Bank Board of Executive Directors completed a five-day visit including site inspections on work being implemented under the Bank supported projects in the island.During the five-day visit, the team met with President Maithripala Sirisena, Prime Minister Ranil Wickremesinghe and Minister of Finance Ravi Karunanayake to understand the current country context and challenges, a World Bank statement said.“They also discussed the Government’s reform program and priorities for World Bank engagement...
Sri Lanka increases taxes for cars over 1000cc
May 27, 2016 (LBO) – Prices of vehicles above 1000 cubic centimeter engine capacity will increase following the increase of the minimum unit tax from today, the Vehicle Importers Association said.“Prices may go up by about 100,000 to 150,000 rupees while larger cars and Sports Utility range will see a steeper rise,” the association said.The Association also said that taxes for smaller vehicles will come down.“Taxes on small cars may fall as much as 200,000 rupees after today’s changes.”Expenditure on motor vehicle imports to...
Sri Lanka *market update* ASPI close up 0.04-pct, Turnover Rs.1.0bn
ASPI close at 6,571.21, up 2.45 points or 0.04 percent with gains in Ceylon Tobacco Company, Nestle Lanka and John Keells Holdings, brokers said. Turnover was 1.0 billion rupees. Top contributory counters towards the day’s turnover were Commercial Bank of Ceylon (Voting) LKR 799.3mn (USD 5,467.9.0k, -0.4%), John Keells Holdings (Voting) LKR 120.4mn (USD 823.3k, +0.5%), Swisstek Ceylon LKR 16.8mn (USD 114.7k, -2.5%), Royal Ceramics LKR 13.7mn (USD 93.9k, +0.8%), Access Engineering LKR 8.7mn (USD 59.6k, -0.9%)....
SUNSHINE HOLDINGS - CORPORATE DISCLOSURE
http://cse.lk/cmt/upload_cse_announcements/7271464318483_....
CENTRAL FINANCE COMPANY - CAPITALIZATION OF RESERVES & SUB-DIVISION OF SHARES 2 for 1
http://cse.lk/cmt/upload_cse_announcements/2531464333619_....
CENTRAL INDUSTRIES - DIVIDEND ANNOUNCEMENTS
CENTRAL INDUSTRIES PLC Company ID: - CIND Date of Announcement: - 27.May.2016 Rate of Dividend: - Rs. 5.50 per share / Final Dividend Financial Year: - 2015/2016 Dates to be notified Share Transfer Book O...
JOHN KEELLS - DIVIDEND ANNOUNCEMENTS
JOHN KEELLS PLC Company ID: - JKL Date of Announcement: - 27.May.2016 Rate of Dividend: - Rs. 1.00 per share / First & Final Dividend Financial Year: - 2015/2016 XD: - 07.Jun.2016 Payment: - 16.Jun.2016 Share Transfer Book O...
TEA SMALLHOLDER FACTORIES - DIVIDEND ANNOUNCEMENTS
TEA SMALLHOLDER FACTORIES PLC Company ID: - TSML Date of Announcement: - 27.May.2016 Rate of Dividend: - Rs. 0.50 per share / First & Final Dividend Financial Year: - 2015/2016 XD: - 07.Jun.2016 Payment: - 16.Jun.2016 Share Transfer Book O...
PEOPLES LEASING & FINANCE - DIVIDEND ANNOUNCEMENTS
PEOPLES LEASING & FINANCE PLC Company ID: - PLC Date of Announcement: - 27.May.2016 Rate of Dividend: - Rs. 0.50 per share / Final Dividend Financial Year: - 2015/2016 Shareholder Approval: - Required AGM: - 29.Jun.2016 XD: - 30.Jun.2016 Payment: - 11.Jul.2016 Share Transfer Book O...
Thursday, May 26, 2016
Sri Lanka's John Keells Holdings net down 13-pct in 4Q, revenues flat
May 26, 2016 (LBO) – Sri Lanka’s diversified John Keells Holdings group net profits fell 13 percent to 4.5 billion rupees in the March 2016 quarter from a year earlier with flat revenues, the interim accounts showed.The firm reported basic earnings of 3.80 rupees per share for the quarter against 4.58 rupees reported a year earlier.Revenue was flat at 24.9 billion rupees and cost of sales fell 4 percent to 16.4 billion rupees making gross profit to grew 10 percent to 8.5 billion rupees.Selling expenses rose 54 percent to...
Honesty and good communication skills are top traits for business leader - Regus Finding
Business people across the globe reported which key traits make a successful business leader and reveal that honesty and the ability to communicate with others are the must-haves in a successful leader’s arsenal.Almost 40,000 business people globally rated a number of qualities and traits to help sketch out the portrait of a good leader and reveal that as well as a strong moral fibre business leaders need be naturally confident and able to motivate people.But it is not enough to have the gift of the gab, and successful bosses...
BLUE DIAMONDS JEWELLERY WORLDWIDE - TAKING OF INTERIM MEASURES FOR THE PROTECTION OF THE INTEREST OF INVESTORS PENDING THE DISCLOSURE OF FINDING OF A SPECIAL PURPOSE INDEPENDENT AUDIT CONDUCTED IN TO THE BUSINESS AFFAIRS OF BLUE
http://www.cse.lk/cmt/upload_cse_announcements/1751464232989_....
Possible misappropriation of Rights Issue funds in Blue Diamonds: E&Y
May 26, 2016 (LBO) – The Securities and Exchange Commission of Sri Lanka has been informed that several irregularities in Blue Diamonds may point to the possible misappropriation of Rights Issue funds.The Ernst & Young which conducted a special purpose independent audit on an agreed upon procedure has revealed the possible commission of one or more capital market offences as well as offences under the Penal Code.Issuing a letter, the Securities and Exchange Commission said it has commenced further investigations into the...
Sri Lankan rupee forwards trade weaker on importer dollar demand
May 26 (Reuters) – Sri Lankan rupee forwards fell on Thursday due to importer dollar demand and amid apprehension the currency would weaken on a possible increase in government spending after the country’s worst natural disaster since 2004, dealers said.The cost of landslides and floods after days of torrential rains will be between $1.5 billion and $2 billion at the minimum, the government said earlier this week, as the Indian Ocean island struggles to recover from a cyclonic storm.The dollar/rupee forwards, known as spot next,...
Sri Lanka *market update* ASPI close down 0.2-pct, JKH losses
ASPI closed at 6,568.76, down 14.73 points or 0.22 percent with losses in John Keells Holdings and Cargills Ceylon, brokers said. (May 26, 2016 04.00 p.m) Asian stocks rose fueled a global equity rally, media reports said. The MSCI Asia Pacific Index climbed 0.7 percent to 127.62. Japan’s Nikkei rose 0.3 percent. Australia’s S&P/ASX 200 Index added 0.4 percent and New Zealand’s S&P/NZX 50 Index gained 0.3 percent. South Korea’s Kospi index also increased 0.3 percent. The Shanghai Composite...
HEMAS HOLDINGS - DIVIDEND ANNOUNCEMENTS
HEMAS HOLDINGS PLC Company ID: - HHL Date of Announcement: - 26.May.2016 Rate of Dividend: - Rs. 1.00 per share / Final Dividend Financial Year: - 2015/2016 Shareholder Approval: - Required AGM: - 30.Jun.2016 XD: - 01.Jul.2016 Payment: - 12.Jul.2016 Share Transfer Book O...
SENKADAGALA FINANCE - DIVIDEND ANNOUNCEMENTS
SENKADAGALA FINANCE PLC Company ID: - SFCL Date of Announcement: - 26.May.2016 Rate of Dividend: - Rs. 0.60 per share / Third Interim Dividend Financial Year: - 2015/2016 XD: - 06.Jun.2016 Payment: - 15.Jun.2016 Share Transfer Book O...
COLOMBO FORT INVESTMENTS - DIVIDEND ANNOUNCEMENTS
COLOMBO FORT INVESTMENTS PLC Company ID: - CFI Date of Announcement: - 26.May.2016 Rate of Dividend: - Rs. 1.20 per share / First & Final Dividend Financial Year: - 2015/2016 Shareholder Approval: - Required AGM: - 29.Jun.2016 XD: - 30.Jun.2016 Payment: - 11.Jul.2016 Share Transfer Book O...
COLOMBO INVESTMENT TRUST - DIVIDEND ANNOUNCEMENTS
COLOMBO INVESTMENT TRUST PLC Company ID: - CIT Date of Announcement: - 26.May.2016 Rate of Dividend: - Rs. 1.20 per share / First & Final Dividend Financial Year: - 2015/2016 Shareholder Approval: - Required AGM: - 29.Jun.2016 XD: - 30.Jun.2016 Payment: - 11.Jul.2016 Share Transfer Book O...
ROYAL CERAMICS LANKA - DIVIDEND ANNOUNCEMENTS
ROYAL CERAMIC LANKA PLC Company ID: - RCL Date of Announcement: - 26.May.2016 Rate of Dividend: - Rs. 4.00 per share / Final Dividend Financial Year: - 2015/2016 Shareholder Approval: - Required AGM: - 30.Jun.2016 XD: - 01.Jul.2016 Payment: - 12.Jul.2016 Share Transfer Book O...
DIESEL & MOTOR ENGINEERING - DIVIDEND ANNOUNCEMENTS
DIESEL & MOTOR ENGINEERING PLC Company ID: - DIMO Date of Announcement: - 26.May.2016 Rate of Dividend: - Rs. 27.00 per share / Final Dividend Financial Year: - 2015/2016 XD: - 06.Jun.2016 Payment: - 10.Jun.2016 Share Transfer Book O...
Wednesday, May 25, 2016
Sri Lanka's John Keells Holdings to subdivide ordinary shares
May 24, 2016 (LBO) – Sri Lanka’s diversified John Keells Holdings has decided to subdivide ordinary shares of the company while making an adjustment to its warrants.The company said in a stock exchange filing, the directors have recommended a share subdivision where by every seven existing ordinary shares will be subdivided to eight ordinary shares.Accordingly, number of ordinary shares as well as the number of warrants in issue will be increased and the purchase price of a warrant will be reduced to 149.29 rupees from...
Sri Lanka's Hayleys net up 49-pct in March 2016 quarter
May 25, 2016 (LBO) – Profits at Sri Lanka’s diversified Hayleys group surged 49 percent to 1.3 billion rupees in the March 2016 quarter amid strong net income growth, interim accounts showed.The group reported earnings of 17.57 rupees per share for the quarter, up from 11.83 rupees per share from a year earlier.Group revenues rose 2 percent to 24.6 billion rupees and cost of sales rose at a slower 1 percent to 18.2 billion rupees making gross profit to grew 6 percent to 6.36 billion rupees.Other income rose to 322 million rupees,...
Sri Lanka *market update* ASPI close up 0.2-pct, Turnover Rs. 952mn
The ASPI gained due to price gains in market heavy weights such as Hemas Holdings, Dialog Axiata, Asian Hotels and Properties, Ceylon Beverage Holdings and Cargills. The All Share Price Index gained 12.9 points to close at 6,583.5 (+0.2%), while the S&P SL20 Index gained 3.1 points to close at 3,446.5(+0.1%). Total turnover for the day stood at LKR 952.2mn (USD 6,519.8k) vs. 12-months average daily turnover of LKR 1,038.1mn (USD 7,108.5k), whilst the volume traded for the day was 18,264k against the 12-month average daily...
Sri Lanka seeking to borrow USD3.5 bln through foreign debt: Finance Minister
May 25, 2016 (LBO) – Sri Lanka is in the process of borrowing up to 3.5 billion dollars from foreign sources via syndicated loans, sovereign bonds, and sukuk, the country’s finance minister said on Wednesday.The borrowing plan comes as the South Asian nation seeks to fix its precarious balance of payments position after a sharp depletion of its foreign exchange reserves – a legacy of massive debt piled up under the previous government, a Reuters report said. “A $500 million syndicated loan is almost done with Credit Suisse....
DIPPED PRODUCTS - CORPORATE DISCLOSURE
http://cse.lk/cmt/upload_cse_announcements/471464151921_....
TRANS ASIA HOTELS - DIVIDEND ANNOUNCEMENTS
TRANS ASIA HOTELS PLC Company ID: - TRAN Date of Announcement: - 25.May.2016 Rate of Dividend: - Rs. 1.00 per share / First & Final Dividend Financial Year: - 2015/2016 XD: - 03.Jun.2016 Payment: - 14.Jun.2016 Share Transfer Book O...
ACCESS ENGINEERING - DIVIDEND ANNOUNCEMENTS
ACCESS ENGINEERING PLC Company ID: - AEL Date of Announcement: - 25.May.2016 Rate of Dividend: - Rs. 0.50 per share / Final Dividend Financial Year: - 2015/2016 XD: - 03.Jun.2016 Payment: - 14.Jun.2016 Share Transfer Book O...
WATAWALA PLANTATIONS - DIVIDEND ANNOUNCEMENTS
WATAWALA PLANTATIONS PLC Company ID: - WATA Date of Announcement: - 25.May.2016 Rate of Dividend: - Rs. 0.75 per share / Final Dividend Financial Year: - 2015/2016 Shareholder Approval: - Required AGM: - 30.Jun.2016 XD: - 01.Jul.2016 Payment: - 12.Jul.2016 Share Transfer Book O...
CIC HOLDINGS - DIVIDEND ANNOUNCEMENTS
CIC HOLDINGS PLC Company ID: - CIC Date of Announcement: - 25.May.2016 Rate of Dividend: - Rs. 2.00 per share (Voting & Non-Voting) / Final Dividend Financial Year: - 2015/2016 Shareholder Approval: - Required AGM: - 30.Jun.2016 XD: - 01.Jul.2016 Payment: - 12.Jul.2016 Share Transfer Book O...
CHEMANEX - DIVIDEND ANNOUNCEMENTS
CHEMANEX PLC Company ID: - CHMX Date of Announcement: - 25.May.2016 Rate of Dividend: - Rs. 1.00 per share / Final Dividend Financial Year: - 2015/2016 Shareholder Approval: - Required AGM: - 30.Jun.2016 XD: - 01.Jul.2016 Payment: - 10.Jul.2016 Share Transfer Book O...
Tuesday, May 24, 2016
Twilight of the Petrostate and the rise of alternatives
May 23, 2016 (LBO) – Russian billionaire Petr Aven and two Moscow economists have published an article titled the “Twilight of the Petrostate” warning of alternative energy sources and cheaper extraction techniques that could hurt revenues of oil exporting nations.“The influence of the Petroleum Leviathan — the handful of producing countries with the ability to exercise a heavy influence on the price of oil — will fall victim to the invisible hand of the market, which increasingly is armed with new oil extraction, energy-saving...
EOIs called for geophysical surveys off Mannar, Cauvery Sri Lanka
May 23, 2016 (LBO) – Sri Lanka has called for expressions of interest from geophysical exploration companies to conduct gravity, gradiometry and magnetic surveys over the offshore Mannar and Cauvery basins of Sri Lanka.The Petroleum Resources Development Secretariat (PRDS) is seeking further data to strengthen its database of geophysical information on upstream petroleum sites in Sri Lanka.“With the intention of further strengthening this database, the PRDS wishes to call for Expressions of Interest (EOIs) from competent and...
Sri Lanka inflation accelerates 4.3-pct in April 2016
May 23, 2016 (LBO) – Sri Lanka’s consumer prices as measured by National Consumer Price Index rose 4.3 percent in April from the 2.2 percent inflation reported a month earlier on year-on-year basis, data from the state statistics office showed.Year-on-year inflation of Food Group reported for the month of April 2016 was 4.9 percent while that for non food group was 3.8 percent.An increase of 1.6 index points or a percentage of 1.5 has been...
LB FINANCE - DIVIDEND ANNOUNCEMENTS
LB FINANCE PLC Company ID: - LFIN Date of Announcement: - 24.May.2016 Rate of Dividend: - Rs. 7.50 per share / First & Final Dividend Financial Year: - 2015/2016 Shareholder Approval: - Required AGM: - 30.Jun.2016 XD: - 01.Jul.2016 Payment: - 12.Jul.2016 Share Transfer Book O...
JOHN KEELLS HOLDINGS - DIVIDEND ANNOUNCEMENTS
JOHN KEELLS HOLDINGS PLC Company ID: - JKH Date of Announcement: - 24.May.2016 Rate of Dividend: - Rs. 1.50 per share / Final Dividend Financial Year: - 2015/2016 XD: - 02.Jun.2016 Payment: - 13.Jun.2016 Share Transfer Book O...
SOFTLOGIC HOLDINGS - DIVIDEND ANNOUNCEMENTS
SOFTLOGIC HOLDINGS PLC Company ID: - SHL Date of Announcement: - 24.May.2016 Rate of Dividend: - Rs. 0.50 per share / Final Dividend Financial Year: - 2015/2016 XD: - 02.Jun.2016 Payment: - 13.Jun.2016 Share Transfer Book O...
HAYLEYS - DIVIDEND ANNOUNCEMENTS
HAYLEYS PLC Company ID: - HAYL Date of Announcement: - 24.May.2016 Rate of Dividend: - Rs. 6.50 per share (Not liable to 10% dividend tax) / First & Final Dividend Financial Year: - 2015/2016 Shareholder Approval: - Required AGM: - 29.Jun.2016 XD: - 30.Jun.2016 Payment: - 11.Jul.2016 Share Transfer Book O...
ASIAN HOTELS & PROPERTIES - DIVIDEND ANNOUNCEMENTS
ASIAN HOTELS & PROPERTIES PLC Company ID: - AHPL Date of Announcement: - 24.May.2016 Rate of Dividend: - Rs. 2.00 per share / Final Dividend Financial Year: - 2015/2016 XD: - 02.Jun.2016 Payment: - 13.Jun.2016 Share Transfer Book O...
PRINTCAR - DIVIDEND ANNOUNCEMENTS
PRINTCARE PLC Company ID: - CARE Date of Announcement: - 24.May.2016 Rate of Dividend: - Rs. 0.65 per share / Final Dividend Financial Year: - 2015/2016 XD: - 02.Jun.2016 Payment: - 10.Jun.2016 Share Transfer Book O...
JOHN KEELLS HOLDINGS - SUB DIVISION OF SHARES
http://www.cse.lk/cmt/upload_cse_announcements/91464089371_....
Friday, May 20, 2016
Sri Lanka *market update* ASPI close down 0.2-pct
ASPI closed at 6,633.27, down 14.86 points or 0.22 percent with losses in Ceylon Tobacco Comapany, brokers said. Asian shares rallied as commodities tried to stage a comeback while the US dollar retreated. Shares in Japan and South Korea led the move higher, helping trim a fourth straight weekly decline in the regional equity index. The MSCI Asia Pacific Index added 0.2 percent while the Topix index in Tokyo advanced 0.2 percent, leaving it up 1.4 percent this week. In Australia, the S&P/ASX 200...
Sri Lanka holds rates unchanged after policy meeting
May 20, 2016 (LBO) – Sri Lanka’s monetary board held interest rates unchanged after a monthly policy meeting taking into account among other things the Extended Fund Facility expected from the IMF and the others, that would enhance the country’s resilience to external shocks and improve investor confidence in the economy.The full statement is below:The year-on-year growth of broad money (M2b) indicated some deceleration, recording 18.9 per cent in March 2016, compared to 19.8 per cent in February 2016. The expansion...
BAIRAHA FARMS - DIVIDEND ANNOUNCEMENT
BAIRAHA FARMS PLC Company ID: - BFL Date of Announcement: - 20.May.2016 Rate of Dividend: - Rs. 4.00 per share /Final Dividend Financial Year: - 2015/2016 XD: - 01.Jun.2016 Payment: - 10.Jun.2016 Share Transfer Book O...
Thursday, May 19, 2016
Ravi K says Japan agrees USD2.5bn development loan to Sri Lanka
May 19, 2016 (LBO) – Finance Minister Ravi Karunanayake told Parliament Thursday that Japan has agreed to provide about 2.5 billion US dollars worth development policy loan to Sri Lanka.This has been revealed yesterday when Japanese Prime Minister Shinzo Abe’s Special Representative Hiroto Izumi called on Prime Minster Ranil Wickremesinghe, Finance Minister said.“Mr. Izumi also talked about issuing USD1.2bn bond,” Karunanayake said.“We are using this yen loan for the goods we are importing from Japan. Japan has provided...
DOLPHIN HOTELS - DIVIDEND ANNOUNCEMENTS
DOLPHIN HOTELS PLC Company ID: - STAF Date of Announcement: - 19.May.2016 Rate of Dividend: - Rs. 1.00 per share / Final Dividend Financial Year: - 2015/2016 Shareholder Approval: - Required AGM: - 22.Jul.2016 XD: - 25.Jul.2016 Payment: - 02.Aug.2016 Share Transfer Book O...
HOTEL SIGIRIYA - DIVIDEND ANNOUNCEMENTS
HOTEL SIGIRIYA PLC Company ID: - HSIG Date of Announcement: - 19.May.2016 Rate of Dividend: - Rs. 10.00 per share / Final Dividend Financial Year: - 2015/2016 Shareholder Approval: - Required AGM: - 22.Jul.2016 XD: - 25.Jul.2016 Payment: - 02.Aug.2016 Share Transfer Book O...
Wednesday, May 18, 2016
Upper limit for Sri Lanka bank leasing to be imposed: Finance Minister
May 18, 2016 (LBO) – Several changes to Sri Lanka’s financial services will be enacted soon such as leasing services offered by banks, Finance Minister Ravi Karunanayake said, speaking at a forum in Colombo. A proposal in the budget that banks should stop leasing from June 1 will be modified, he said. “Finally, it is being settled. We are looking at an upper limit where anything below 5 to 7.5 million rupees cannot be done by banks and can be handed over to finance companies,” he said. Earlier, the proposal to take leasing out...
CA Sri Lanka to teach Forensic Accounting to combat fraud
May 18, 2016 (LBO) – Sri Lanka’s Institute of Chartered Accountants has launched a course in Forensic Accounting to help combat fraud in the country, a statement said.President of CA Sri Lanka, Lasantha Wickremasinghe said that amidst increasing fraud and corruption, the institute has taken steps to ensure that public expectations are met with the launch of this specialised course.“In our capacity as leading a professional institute in the country, remaining relevant is among the highest on our agenda, and we need to complement...
Citizens Development Bank announces Rs1bn debenture issue
May 18, 2016 (LBO) – Sri Lanka’s Citizens Development Business Finance PLC (CDB), a licensed finance company, said it will issue one billion rupees in listed rated subordinated guaranteed redeemable debentures.“The main objective of the debenture issue is to raise funds for CDB to strengthen its Tier II Capital and grow its lending book,” the company said in a statement.The debenture issue has received [SL] ‘A-‘(SO) with Stable Outlook by ICRA Lanka and the 5 year debentures are guaranteed by Seylan Bank.The issue opens for...
Janashakthi Insurance PLC reports consolidated Profit After Tax (PAT) of Rs.358 mn for March 2016
Janashakthi Insurance PLC (Janashakthi) reported a consolidated Profit After Tax (PAT) of Rs.358 million for the quarter ended 31st March 2016, a marked Year on Year (YoY) growth of 236%. The Insurer posted these numbers on the back of a 32.8% rise in consolidated Gross Written Premium (GWP) amounting to Rs.3.3 billion for the period under review.The Company’s Non-Life or General Insurance business grew by a robust 43%, recording a Gross Written Premium (GWP) of Rs.2.7 billion. This was largely driven by the merger of operations...
Sri Lanka *market update* ASPI close down 0.1-pct, Turnover Rs1.4bn
The ASPI gained marginally due to price increases in market heavyweights such as Ceylon Tobacco Company, Carson Cumberbatch, Asiri Hospital Holdings, Commercial Bank of Ceylon and Lanka Orix Leasing Company. The day’s total turnover was recorded over LKR 1.4bn to which John Keells Holdings (Voting) contributed the majority, assisted by four crossings and some block trades on the normal board. Crossings were also recorded in Access Engineering, Commercial Bank of Ceylon (Voting), Ceylon Tobacco Company and Nestle Lanka. Foreign...
Sri Lanka could issue Islamic finance sovereign bonds: official
May 18, 2016 (LBO) – Sri Lanka could issue Islamic finance sovereign bonds or ‘Sukuks’ and take the lead in becoming a regional centre for Islamic financial services, an official said.“We can think of being an Islamic Banking and Finance hub for the region,” Shibly Aziz, President Bar Association said while delivering the keynote address at an Islamic finance conference organized by UTO Educonsult, a consultancy, recently.“As in South Asia there are three countries that have the largest Muslim population, India, Pakistan and...
HAYCARB - DIVIDEND ANNOUNCEMENTS
HAYCARB PLC Company ID: - HAYC Date of Announcement: - 18.May.2016 Rate of Dividend: - Rs. 4.00 per share (Not liable to 10% dividend tax) / Final Dividend Financial Year: - 2015/2016 Shareholder Approval: - Required AGM: - 28.Jun.2016 XD: - 29.Jun.2016 Payment: - 07.Jul.2016 Share Transfer Book O...
SERENDIB HOTELS - DIVIDEND ANNOUNCEMENTS
SERENDIB HOTELS PLC Company ID: - SHOT Date of Announcement: - 18.May.2016 Rate of Dividend: - Rs. 1.00 per share (Voting & Non-Voting) / Final Dividend Financial Year: - 2015/2016 Shareholder Approval: - Required AGM: - 22.Jul.2016 XD: - 25.Jul.2016 Payment: - 02.Aug.2016 Share Transfer Book O...
Tuesday, May 17, 2016
Sri Lanka moving ahead with Panama Papers probe, says minister
May 17, 2016 (LBO) – Sri Lanka’s government is following up on the Panama Papers leaks and has requested for an official list from authorities in Panama, State Minister for National Policies and Economic Affairs Niroshan Perera said.“Central Bank Financial Intelligence Unit (FIU) has contacted authorities in Panama to obtain an official list,” Perera told Lanka Business Online.“Based on the list we will request a police investigations unit to commence investigations,” he said.The International Consortium of Investigative Journalists...
Sri Lanka *market update* ASPI close down 0.6-pct, Turnover Rs710mn
The ASPI declined sharply due to price declines in market heavyweights such as Ceylon Tobacco Company, John Keells Holdings, Commercial Bank, Lanka Orix Leasing Company, and C T Holdings. The day’s total turnover was recorded at moderate levels to which Distilleries Company of Sri Lanka contributed the majority,assisted by way of two crossings and some block trades on the normal board. Crossings were also recorded in Dialog Axiata and Ceylon Tobacco Company. Foreign investors were net buyers during the day. The All Share Price...
Sri Lanka's Hayleys to raise Rs2bn in listed debt
May 17, 2016 (LBO) – Diversified Hayleys Plc is planning to raise as much as 2 billion rupees from a sale of debentures which will be quoted on the Colombo Stock Exchange.The stock exchange said the company wanted to sell up to 20 million debentures at 100 rupees each.Capital Alliance Partners and People’s Bank Investment Banking Unit is managing the debt issue and the subscription list will be open on 25 May 2016.The prospectus will be available from today on wards.&nb...
TEXTURED JERSEY - DIVIDEND ANNOUNCEMENTS
TEXTURED JERSEY PLC Company ID: - TJL Date of Announcement: - 17.May.2016 Rate of Dividend: - Rs. 1.00 per share / Final Dividend Financial Year: - 2015/2016 Shareholder Approval: - Required Dates to be notif...
DIPPED PRODUCTS - DIVIDEND ANNOUNCEMENTS
DIPPED PRODUCTS PLC Company ID: - DIPD Date of Announcement: - 17.May.2016 Rate of Dividend: - Rs. 2.00 per share (Not liable for dividend tax) / First & Final Dividend Financial Year: - 2015/2016 Shareholder Approval: - Required AGM: - 28.Jun.2016 XD: - 29.Jun.2016 Payment: - 08.Jul.2016 Share Transfer Book O...
ALUMAX - DIVIDEND ANNOUNCEMENTS
ALUMAX PLC Company ID: - ALUM Date of Announcement: - 17.May.2016 Rate of Dividend: - Rs. 0.45 per share (Liable to 10% dividend tax)/ Final Dividend Financial Year: - 2015/2016 Shareholder Approval: - Required AGM: - 23.Jun.2016 XD: - 24.Jun.2016 Payment: - 04.Jul.2016 Share Transfer Book O...
Monday, May 16, 2016
Sri Lanka *market update* ASPI close down 0.4-pct
The ASPI gained sharply mainly due to price gains in the stocks such as Nestle Lanka and Ceylon Tobacco Company. The day’s total turnover was recorded sharply below the twelve-month average daily turnover to which Distilleries Company of Sri Lanka contributed the majority (19% of total turnover). A crossing was recorded in Access Engineering. Foreign investors were net sellers during the day. The All Share Price Index gained 28.6 points to close at 6,708.4 (+0.4%).Top contributory counters towards the day’s turnover were Distilleries...
Friday, May 13, 2016
Sri Lanka *market update* ASPI close up 0.4-pct, Turnover Rs.826mn
ASPI closed at 6,679.84, up 23.72 points or 0.36 percent with gains in some index heavy stocks like John Keells holdings and Nestle Lanka, brokers said. Turnover was 826 million rupees. (May 13, 2016 03.00 p.m) Asian stocks dropped as crude oil retreated and technology shares declined, media reports said. The MSCI Asia Pacific Index slipped 0.2 percent to 127.26. The Topix added 0.1 percent. South Korea’s Kospi index climbed 0.1 percent. Australia’s S&P/ASX 200 Index was little changed. New...
Equity crowdfunding soon for average investors in US
May 13, 2016 (LBO) – This month the U.S. Securities and Exchange Commission will begin implementing equity crowdfunding for the average investor. This will allow small companies to directly raise debt or equity capital from friends, family, and interested investors.It’s the final piece of landmark legislation called the Jumpstart Our Business Startups Act, popularly known as the JOBS Act, that was passed in 2012, according to a CNBC report.One of its provisions allows new businesses to raise capital directly from private investors....
Subscribe to:
Posts (Atom)