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  • New SEC Act Likely to Be Enacted Within Next Two months

New SEC Act Likely to Be Enacted Within Next Two months

The Securities and Exchange Commission of Sri Lanka (SEC) expects the New SEC Act to be enacted within the first quarter of the year. ” The new SEC Act, which…

Asian stocks climb to record highs on Biden stimulus hopes

(Reuters) – Asian stocks scaled to record highs on Thursday as investors were hopeful the incoming Biden administration will be able to secure passage of a massive new stimulus package…

Hayleys Group and subsidiaries announce stock splits

Billionaire Dhammika Perera-controlled Hayleys Group and all its listed 13 subsidiaries announced stock splits today, subject to shareholders’ approval. Following the announcement, the trading was halted until 11.30 am today.…

Wall Street at record highs as Democrats take control of Senate

(Reuters) – Wall Street hit record levels on Thursday as market participants bet on more pandemic aid under a Democrat-controlled U.S. Congress to help the economy ride out a steep…

Stocks cruise pass 7,000 psychological level after 7 years

The benchmark All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) broke the 7,000 point mark today for the first time since August 2014. The market saw a…

Nasdaq futures slump 2% on prospects of Democrat-controlled Senate

Futures tied to the tech-heavy Nasdaq 100 index sank 2% on Wednesday as the possibility of Democrats gaining control of the Senate sparked fears of tighter regulations on technology mega-caps.…

Arpico Finance and Associated Motor Finance advances with the proposed merger

Arpico Finance Company PLC (AFC) and Associated Motor Finance Company PLC (AMF) announced the merger of two entities subject to the approval of shareholders and the Colombo Stock Exchange (CSE).…

Buyer of Piramal Glass Ceylon part of Blackstone Group

ICRA India confirmed that Blackstone Group Inc’acqusition of Piramal Group’s Piramal Glass includes its Sri Lankan unit, Pirmal Glass Ceylon PLC. With the announcement of Blackstone Group Inc’acqusition of Piramal…

Dialog Axiata to acquire Hirdaramani’s H One for Rs 300-350 million

Dialog Axiata PLC has reached an agreement to acquire full ownership of Sri Lanka’s largest reseller of Microsoft enterprise solutions (MSFT) , H one from Hirdaramani Group. “The transaction is…

Blackstone acquires Piramal Glass for $1 billion

The World’s largest alternative equity firm, Blackstone Group Inc,   has signed an agreement to acquire Piramal Group’s Piramal Glass including its unit in Sri Lanka for an estimated $1…