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IPO companies represent new Sri Lanka :
IPO Fund for retailers
Sanjeevi JAYASURIYA
The country’s first ever IPO fund was launched
yesterday with focus to broadbase investor strength especially
regarding retail investors. The Fund will invest only in IPOs in Sri
Lanka providing an opportunity for the retail investors to increase
their share purchasing powers at IPOs. “We do not invest in the
stock market and the investors are guaranteed a fixed return on
their investment, Ceylon Asset Management Managing Director Dulindra
Fernando told the Daily News Business.
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CITS helps speedy cheque realization
Due to speedier cheque realization, the public
must ensure sufficient funds are available in their accounts when
issuing cheques, LankaClear Ltd CEO Sunimal Weerasuriya told Daily
News Business. He said that earlier due to the time delay in cheques
being realized, customers could issue cheques and ensure sufficient
funds to cover the cheques a few days later.
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Booming land sales in Colombo, suburbs
The real estate business has been a lucrative
money-spinner in Sri Lanka during the last couple of years with the
increasing demand for residential and commercial plots. Home Lands
Holding and Survey Systems Managing Director Nalin Herath told Daily
News Business that relaxed monetary policy, higher inward
remittances, favourable macro economic conditions coupled with
higher foreign and local investor participation in economic
activities spurred the real state business during the last couple of
years.
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