Textured Jersey, Softlogic, Access in the fray:
New IPOs evince foreign investor interests
Free Lanka share debuts at Rs 5.50, 89 m shares
traded:
The Initial Public Offerings of Textured Jersey
(a Brandix Group member), Softlogic and Access along with those of
the Finance Companies which are expected to be held later this year,
are not only evince of foreign investor interests but expected to
bolster the Colombo Stock Market, market analysts told Daily News
Business yesterday.
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Revisions to metal sector export policy needed
The private sector emphasizes the need to
revisit metal sector policy while studying its strengths to mitigate
weaknesses for economic development. The Government banned scrap
metal imports in October 2010 for six months. The ban imposed in
October for six months is still continuing.
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Master Divers in novel project
Lays new crude oil pipeline:
The leading marine services company in Sri
Lanka, Master Divers has successfully completed a huge project of
installing a new pipeline to discharge crude oil saving a large
amount of foreign exchange to the country.
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