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…
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…
Sri Lanka’s fruit and Vegetable industry enters into MOU with WB’s Agriculture Sector Modernisation Project
The Lanka Fruit and Vegetable Producers, Processors and Exporters Association (LFVPPEA) have entered into a memorandum of understanding (MOU) with the World Bank’s (WB) Agriculture Sector Modernisation Project (ASMP) anticipating…
Justice K. Sripavan appointed as the New Commercial Bank Chairman
The Board of Directors of Commercial Bank green-lighted the appointment of Justice K. Sripavan as the New Chairman of the Bank with effect from 21st of this month, upon the…
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…
Sri Lanka shares bulldozed pass the 6,500 mark after 2 years
Sri Lankan shares bulldozed pass the 6,500 mark after 2 years & 7 months while recording the highest intraday gain nearly after a month, riding on gains in financial and…
Sri Lanka’s President Calls Private Sector to make bold investment decisions
Sri Lanka’s President Gotabaya Rajapaksa called the country’s private sector to make bold investments moving away from conservative and low-risk strategies to live up to its reputation as the engine…
Budget 2021 is unlikely to provide a meaningful boost to the economy – Moody’s
Sri Lanka’s growth-oriented budget is unlikely to provide a meaningful boost to output, according to Moody’s Investors Service. “Despite the growth focus of the budget, we do not expect it…