SEC facilitates retail investors
Approves new rules to broad-base share ownership:
The Securities and Exchange Commission of Sri
Lanka (SEC) decided to facilitate a fair allocation of shares to
retail individual investors and licensed Sri Lankan unit trusts
during Initial Public Offerings (IPOs), a SEC press release said
yesterday.
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With the completion of the development
activities:
Colombo port - One of the few to serve large ships
With the completion of the development
activities in the Colombo port, it will be one of the few ports to
serve large ships, which are at present used frequently in the
global shipping industry.
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For South East Asian Market:
Bogala Graphite into lubricants
Bogala Graphite PLC will produce graphite
lubricants in Sri Lanka for the South East Asian market in the near
future. Bogala Graphite Chairman Vijaya Malalasekara said there is a
good potential to capture this market with quality graphite
lubricants which will boost the company’s export sales increasing
profitability.
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