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Xinhua summary of Asia-Pacific stocks news at 1100 GMT, Feb. 3
Equities.com
MUMBAI -- The benchmark index for Indian equities Friday closed higher with the 30-scrip sensitive index, Sensex, of the Bombay Stock Exchange closing with 17.604.96 points,up by 173.11 points or 0.99 percent from the previous close of 17431.85.

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Sri Lanka hotel parent buys 43-pct of stock sold in IPO
Lanka Business Online
Kalpitiya Beach Resort, which sold stock in an IPO at 17.50 rupees and was oversubscribed with 278 investors applying for shares, started trading on the Colombo Stock Exchange on January 03. The stock opened at 24 rupees and later fell below its offer ...

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London Stock Exchange optimistic on Sri Lankan Growth
IEWY News
Europe's leading diversified exchange business, LSE has around 3000 companies from over 70 countries admitted to trading on its markets. The improving profile of Sri Lanka is another reason why LSE believes that if the Colombo Stock Exchange (CSE) and ...
Sri Lanka software development campus expanded by LSE groupLanka Business Online

all 3 news articles »


Sunday Leader

SEC Expedites Investigations Into Stock Brokers And Investors
Sunday Leader
By Mandana Ismail Abeywickrema The Securities and Exchange Commission (SEC) says that the investigation launched by the Commission into several stockbrokers and investors over alleged irregularities in the Colombo Stock Exchange (CSE) a few months ...
SEC to step up demutualisation of Colombo bourseSunday Times.lk

all 5 news articles »


Agstar to shift premises
Nation on Sunday
Reputed fertilizer producing firm, AgStar Fetilizers Limited (Agstar) which recently sought listing on the Diri Savi Board of the Colombo Stock Exchange (CSE) has plans to shift to a new office of its own from its rented premises in Peliyagoda as it ...


Colombo second worst stock exchange in the world
The Island.lk (subscription)
The Colombo Stock Exchange has seen a dramatic reversal from being the world's best performing stock exchange to the second worst ahead of the Dhaka exchange in Bangladesh. According to country stock exchange data compiled by Bespoke Investment Group ...


Sri Lankan Group Sells Colombo Port Stake
The Journal of Commerce Online
Aitken in a statement to the Colombo Stock Exchange said local authorities approved the deal but did not disclose financial details. “We are now finalizing the formalities for transfer of our shareholding to China Merchants Holdings,” the company said.
Sri Lanka's Aitken Spence sells port stake to China MerchantsReuters
China ups stake in Colombo South container terminalThe Island.lk (subscription)

all 5 news articles »


The Hindu

Development of Colombo south terminal in question
portworld
AS had finalised the sale of its 30% stake in the project to CMHI on January 19, according to a Colombo Stock Exchange filing. Industry observers have questioned whether CMHI is technically qualified to handle the project alone.
Sri Lanka is no pearl on China's string, Rajapaksa saysReuters

all 60 news articles »


* Sri Lanka conglomerate sells stake on Colombo Port project for Rs. 630 million
Colombo Page
In a stock market filing to the Colombo Stock Exchange, Aitken Spence said the company finalized the formalities to sell its 30 percent stake in the US$500 million port expansion project to the Hong Kong-based CMHI at approximately Rs. 630 million.
Aitken Spence books Rs.630mn capital gain via terminal stake saleDaily Mirror
Aitken Spence makes Rs 600 mln gain from Colombo port project stake saleSunday Times.lk
Spence makes Rs. 630mn gain from sale of stake to ChinaThe Island.lk (subscription)
Lanka Business Online
all 6 news articles »


Xinhua summary of Asia-Pacific stocks news at 1100 GMT, Jan. 27
Equities.com
COLOMBO -- Share prices on the Colombo Stock Exchange closed higher on Friday with the key Colombo All Share Price Index increasing 132.58 points or 2.37 percent to close at 5724.98 points. A total turnover of 1.72 billion rupees (15.1 million US ...

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MEMBER CENTER:

Sri Lankan conglomerate Aitken Spence agreed to sell its 30 percent stake in the Colombo International Container Terminals to China Merchants Holdings, the majority stakeholder in the $500 million project.

SEC further relaxes stock broker credit extension

The Securities and Exchange Commission (SEC) further relaxes stock broker credit extension. Additional credit available will increase by Rs. 5 billion resulting in total credit available in the market to Rs. 8.7 billion.

Sri Lanka is no pearl on China's string, Rajapaksa says

COLOMBO (Reuters) - President Mahinda Rajapaksa was emphatic: China's presence in Sri Lanka is strictly business, and not political. Challenged on speculation that China financed and built the $1.4 billion Mahinda Rajapaksa port on Sri Lanka's south coast so it could sneak a naval base into India's backyard, Rajapaksa laughed and said his giant neighbour had not complained. "No one has said ...

CDB’s PAT at Rs. 398 m, up by 28%

Continuing its growth momentum into the 3rd quarter of FY2011/12, Citizens Development Business Finance PLC (CDB) recorded exceptional all-round financial performance.

Cairn Energy PLC - Rajasthan JV starts oil production in Bhagyam

 FOR IMMEDIATE RELEASE 19 January 2012 Cairn Energy PLC Rajasthan Joint Venture starts oil production in Bhagyam The attached release was issued today by Cairn India Limited ("Cairn India") ...

Vedanta Res PLC - Cairn India commences production at Bhagyam

 19 January 2012 Cairn India announces commencement of production at Bhagyam Vedanta Resources plc's subsidiary, Cairn India Limited ("Cairn India") today announced that ONGC and Cairn India ...

Lanka’s economy delivers promised results

Sri Lanka, a country recovering from 30 years of strife, surprised the world in many ways by maintaining an average eight percent economic growth since the ending of terrorism, low inflation around 7.5 percent from 28 percent a few years ago and also accounted for a recorded one billion US dollars in foreign direct investments to the country.

Top Vision

Sri Lanka Telecom Mobitel, Sri Lanka’s National Mobile Service Provider recently announced the reappointment of Lalith de Silva as the company’s Chief Executive Officer.

Rs. 1 b for Trinco Port City

Sri Lanka Ports Authority (SLPA) will invest approximately Rs one billion for infrastructure development of the Trincomalee Port City Development project in a bid to facilitate prospective investors who have expressed willingness to set up port related new ventures in the Trincomalee port .

Once tiger territory

Nearly three years after LTTE lost the war, T E Narasimhan visits north Sri Lanka to find a country limping back to normal.





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