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Thursday, 16 September 2010

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New formula from September 20:

SEC removes price band

No credit beyond three days from January:

The Securities and Exchange Commission (SEC) will lift the 10 percent price band imposed on all listed securities from September 20. They will also introduce a new formula to ensure the stability of the Colombo Stock Exchange (CSE).

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Iran-Lanka endorse three new MoUs

Three Memorandum of Understandings (MoUs) were signed yesterday at the ninth session of the Joint Commission for Economic Cooperation between Iran and Sri Lanka.

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Religare enters Sri Lanka

Sri Lanka’s hi-octane stock market will reach new horizons with the entry of the global financial services giant Religare Enterprises Limited (REL) in a milestone strategic alliance announced today with Bartleet TransCapital.

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Iranian Commerce Minister Mehdi Ghazafari met President Mahinda Rajapaksa at Temple Trees yesterday. Commerce Deputy Minister and Iran’s Organization for Expansion of Trade Chief Babak Afghahi, Ministers Rishard Badiudeen, Jayaratne Herath, Secretary to the President Lalith Weeratunga, Finance Secretary Dr. P.B. Jayasundara and Commerce Director General Gomi Senadhira were present. Picture by Nalin Hewapathirana



 
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