Daily News Online

Thursday, 16 June 2011


Protecting investors top priority - Balendra

New Colombo Stock Exchange Chairman Krishan Balendra said his top priority will be to protect investors through a two- pronged method. He said that the Exchange would expeditiously implement the Central Counter Party system and the Delivery Versus Payment system, while encouraging more companies to list on the CSE. The Central Counter Party system was to ensure the protection of investors in the event of a trade default when the purchasing party does not pay and a pool of funds will be created towards that, Balendra told Daily News Business yesterday.

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CRIB help for SMEs through new registry

Credit Information Bureau of Sri Lanka announced the launch of its Secured Transaction Registry (STR) to encourage prospective borrowers particularly in Small and Medium Enterprises (SME) to seek loans from banks using movable assets as security.

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Dubai to buy into Galadari

The United Arab Emirates- based Galadari family of business magnates, has entered into an agreement with the government of Dubai to sell 29 percent of its shareholdings in Colombo’s Galadari Hotel for a value of Rs 2.08 billion.

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Galadari Hotel

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