Today’s Front Page 30-11-2010
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Zardari Zealous!
* Pakistani President wraps up visit on high note
* Stronger relations, US$ 200 million credit facility, more investment opportunities and expertise exchange among visit results
Foreigners see opportunity as Lankans turn bearish
As expected non-nationals are seeing opportunity in the Colombo stock market besieged by weak heart and credit-hungry locals as the Bourse saw net foreign inflow though indices dipped sharply.
Selective but rapid buying amounting to Rs. 770.6 million by foreigners primarily on JKH and HNB triggered a net inflow of Rs. 6756 million.
Hirdaramani dresses the human race!
In the spirit of the Beijing Olympics Nike decided to host an event that would bring the entire world together. Inviting its active community of avid runners and inspiring new runners, Nike+ created ‘The Human Race’, a 10k run that would appeal to veteran and novice runners alike, the race is run across 24 cities globally boasting hundreds of thousands of participants.
MTD Walkers goes for Rs. 3.5 b Rights Issue
MTD Walkers Plc, Sri Lanka’s only listed, fully fledged engineering and infrastructure development company, is carrying out a comprehensive restructuring to consolidate its group investments.
Budget second reading passed
The parliament passed the second reading of the 2011 Budget yesterday with a majority of 104 votes.
Unit Trust leader Ceybank launches gilt-edge fund Surakum for risk-averse investors
Ceybank Asset Managemnt Ltd., the largest unit trust Fund Manager yesterday launched its latest Fund the “Ceybank Surakum” which it said is an ideal opportunity for risk-averse first timers and small investors.
Good rating for Sri Lanka’s skills set
Sri Lanka has got a good rating for its skills set in addition to being identified as potential leader in Asia by the business school of the world INSEAD.
Coco Lanka Group executes multiple deals
Sells stakes in subsidiaries for Rs. 224 million; Jamaican shareholder and long standing customer Grace Kennedy ups stake in Renuka Agri Foods to start coconut water and other beverage for export
Lanka IOC opens its first brand new outlet at Marawila with Rs. 15 m investment
An all-new innovative fuel-retail outlet equipped with the latest technology, environment-friendly lighting and washrooms with special facilities for physically challenged persons was opened at Marawila, on the Puttalam Highway by Lanka IOC PLC recently.
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