Daily News Online

Friday, 11 March 2011


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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Minister Basil meets German delegation : Economic Development Minister Basil Rajapaksa met Hamburg City Economic Affairs Senator Ian Karan and Parliament Member J. Klimke yesterday at the Presidential Secretariat. They are on an official visit to Sri Lanka to ascertain post-conflict progress in Sri Lanka with a view to bringing a German Trade Mission to Sri Lanka. Talks were centered on post conflict rehabilitation and reconstruction works, and improving trade and economic relations between two countries. Picture by Sujith Kodithuwakku

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