http://www.cse.lk/cmt/upload_cse_announcements/1911460371865_.pdf
Monday, April 11, 2016
OVERSEAS REALTY (CEYLON) - RIGHTS ISSUE
Friday, April 8, 2016
Sri Lanka's govt. sets standard for appointing boards of SOE's
Apr 08, 2016 (LBO) – Sri Lanka’s cabinet has decided to approve a set criteria for consideration for appointing of chairmen and board of directors of State Owned Enterprises in the island.
“Lack of a clear-cut policy directives with regard to management of Public Enterprises, failure to delegate decision-making to senior management, absence in commercial consideration in business decisions, political interference in appointment if staff have been identified as some of the key constraints to improve performance of Public Enterprises,” a statement on approved cabinet decisions said.
“Hence, it is a timely need to adopt a formal and transparent method in such appointments.”
The proposal was made by Prime Minister Ranil Wickremesinghe, in his capacity as the Minister of National Policies and Economic Affairs.
The new criteria will adhere to an individual’s professional and management experience, maximum age limits, provisions for prevention of conflicts of interest and disqualifications.
Sri Lanka *market update* ASPI close up 0.7-pct, T/O 746 Mn
ASPI close up 6,275.62, up 45.43 points or 0.73 percent with gains seen in Commercial Bank, Carson and Cumberbatch and Distileries Company, brokers said. Turnover was recorded at 764 million rupees, with 111 stocks ending positive and 53 negative. Apr 08, 2016 03.30 p.m
Asian stocks were down on Friday following a dip in the US markets. The MSCI Asia Pacific Index was down 0.8 percent while Japan’s Topix lost as much as 1.7 percent . Hong Kong’s Hang Seng Index retreated 0.8 percent. Australia’s S&P/ASX 200 Index down 0.4 percent. The Kospi index in Seoul dropped 0.7 percent, while New Zealand’s S&P/NZX 50 Index was down 0.5 percent. Apr 08 09.00 a.m
China grants 500mn Yuan symbolizing Sino-Lanka friendship
Apr 08, 2016 (LBO) – Chinese Premier Li Keqiang has pledged a grant of 500 million Yuan to Sri Lanka symbolizing Sino-Lanka friendship, the Prime Minister’s office said.
Chinese Premier has told the Sri Lankan delegation that the Free Trade Agreement is expected to be signed soon reducing the trade gap between the two countries.
Keqiang has also pledged to support the development of the second stage of Hambanthota Port.
Following an invitation extended by Sri Lanka’s PM, the Chinese Premier is expected to visit Sri Lanka next year.
In addition to bilateral discussions held with the Chinese Premier, several agreements were also signed.
– Minister Malik Samarawickrama signed an MoU between the Ministry of Commerce of China and the Ministry of National Policy and Economic Development on fully promoting investment, economic and technical corporation between the two countries.
– Foreign Minister Managala Samaraweera signed the treaty between China and Sri Lanka on extradition.
– Governor, Central Bank Arjuna Mahendran signed the Comprehensive Corporation agreement between China Development Bank and the Monetary Board of the Central Bank.
– Prof Sirimali Fernando, on behalf of National Science Foundation, signed an agreement with the China National Science Foundation for research funding.
– Karunasena Kodituwakku, Sri Lankan Ambassador to China, signed an exchange of letter for a kidney mobile screening vehicle project between China and Sri Lanka.
THREE ACRE FARMS - DIVIDEND ANNOUNCEMENTS
THREE ACRE FARMS PLC
Company ID: - TAFL
Date of Announcement: - 08.Apr.2016
Rate of Dividend: - Rs. 2.10 per share / First and Final Dividend
Financial Year: - 2015
Shareholder Approval: - Required
AGM: - 19.May.2016
XD: - 20.May.2016
Payment: - 30.May.2016
Share Transfer Book Open
CEYLON GRAIN ELEVATORS - DIVIDEND ANNOUNCEMENTS
CEYLON GRAIN ELEVATORS PLC
Company ID: - GRAN
Date of Announcement: - 08.Apr.2016
Rate of Dividend: - Rs. 1.10 per share / First and Final Dividend
Financial Year: - 2015
Shareholder Approval: - Required
AGM: - 19.May.2016
XD: - 20.May.2016
Payment: - 30.May.2016
Share Transfer Book Open
Thursday, April 7, 2016
Sri Lanka *market update* ASPI close up 1.0-pct
ASPI close at 6,230.19, up 65.08 points or 1.06 percent with gains in John Keells Holdings and Commercial Bank, brokers said. Total turnover for the day stood at 804 million rupees. Top contributory counters towards the day’s turnover were People’s Leasing & Finance 162.2 million rupees, DFCC Bank 127.8 million rupees, AEL Engineering 81.4 million rupees and Hatton National Bank (Voting) 52.6 million rupees. Foreign purchases amounted to 71.7 million rupees whilst foreign saless amounted to 269.2 million rupees and this resulted in a net foreign outflow of 197.4 million rupees being recorded at the end of the day’s trading. Apr 07, 2016 3.30 p.m
ASPI trading at 6,182.05, up 16.94 points or 0.27 percent with gains in Telcos, brokers said. Apr 07, 2016 10.15 a.m
Asia stocks were up on Thursday, after U.S. markets showed gains after a positive Fed meeting. Australia’s ASX 200 was up 0.48 percent, while in South Korea Kospi was also trading up 0.26 percent. Japan’s benchmark Nikkei 225 however wavered in early trade before trading up 0.72 percent. China’s Shanghai was don at 0.68 percent and Hong Kong’s Hang Seng Index was marginally higher at 0.03 percent. Apr 07, 2016 08.15 a.m
In Oil – U.S Crude futures was up 5.2 percent at $37.75 a barrel, while global benchmark Brent added $1.97 to $39.84. Apr 07, 2016 08.15 a.m
Prime Minister and delegation in China to enhance bilateral relations
April 07, 2016 (LBO) – Sri Lankan Prime Minister Ranil Wickremesinghe left for an official visit to China on Wednesday, the Foreign Ministry said.
This is Wickremesinghe’s first visit as the prime minister to China since the government of President Maithripala Sirisena was formed in January last year.
On the April 6-9 visit, he will be holding high-level discussions with Chinese leaders to advance bilateral relations to a new level, his office said.
“The Sri Lankan PM will be negotiating the 125 million US dollar penalty that a Chinese state firm is seeking for suspending work on a big port development project,” a media report said.
The island new government elected in January 2015 ordered a review of the 1.4 billion US dollar Colombo port city project last year, citing irregularities in the award of the contract to state-owned China Communication Construction Company (CCCC) by a previous government.
However last month, the government gave the go ahead to resume work on the port city.
Wickremesinghe’s delegation includes Foreign Minister Mangala Samaraweera and Minister of Development Strategies & International Trade Malik Samarawickrema among others.
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