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Search found 6 matches for investments

CSE - The World's best performer! - Fri Mar 05, 2021 11:09 am

EPS wrote:If they know the CSE Market cap worth more than the 4.5 Trillion, why they late to take this action ?
Anyhow many small investors totally vanished by now.

Now market cap 3 Trn.
Guess, another 50% will up , now onwards without any interruption Question Question    

State minister Capital market

Requested
@CSE_Media
to allow broker [size=15]#credit[/size] based on total portfolio & not force-sell individual [size=15]#stocks[/size]: will also soon discuss this matter with [size=15]#Banks[/size] & other lenders to arrive at a suitable solution. [size=15]#lka[/size] [size=15]#SriLanka[/size] [size=15]#corporates[/size] [size=15]#capitalmarket[/size] [size=15]#Investments[/size]

Search in: CORPORATE CHRONICLE™  Topic: CSE - The World's best performer!  Replies: 31  Views: 6018

GALORE OF GOOD NEWS TO THE CSE - Fri Mar 05, 2021 9:41 am

CHINESE LOAN & CURRENCY SWAP ARRANGEMENT ON THE WAY
China will endorse a US$500 million loan and a currency swap arrangement of two billion Yuan (around US$600 million) within the next couple of weeks.

CB pledges to continue with "historically low" interest rates


https://dailymirrorepaper.pressreader.com/daily-mirror-sri-lanka




Ajith Nivard Cabraal

@an_cabraal

·
45m


Requested
@CSE_Media
to allow broker #credit based on total portfolio & not force-sell individual #stocks: will also soon discuss this matter with #Banks & other lenders to arrive at a suitable solution. #lka #SriLanka #corporates #capitalmarket #Investments
Search in: CORPORATE CHRONICLE™  Topic: GALORE OF GOOD NEWS TO THE CSE  Replies: 18  Views: 3696

Game Changed! SUPER GREEN - Fri Mar 05, 2021 9:25 am

Karthick wrote:Requested
[size=23]@CSE_Media[/size]
to allow broker [size=23]#credit[/size] based on total portfolio & not force-sell individual [size=23]#stocks[/size]: will also soon discuss this matter with [size=23]#Banks[/size] & other lenders to arrive at a suitable solution. [size=23]#lka[/size] [size=23]#SriLanka[/size] [size=23]#corporates[/size] [size=23]#capitalmarket[/size] [size=23]#Investments[/size]


OFFICAIL TWITT BY Minster.CABRAL

https://twitter.com/an_cabraal/status/1367677953417437187

GOOD move.. Most companies are performing.. nothing go wrong.. what happened was a pure manipulation..
Search in: CORPORATE CHRONICLE™  Topic: Game Changed! SUPER GREEN  Replies: 4  Views: 2062

Game Changed! SUPER GREEN - Fri Mar 05, 2021 9:17 am

Requested
[size=23]@CSE_Media[/size]
to allow broker [size=23]#credit[/size] based on total portfolio & not force-sell individual [size=23]#stocks[/size]: will also soon discuss this matter with [size=23]#Banks[/size] & other lenders to arrive at a suitable solution. [size=23]#lka[/size] [size=23]#SriLanka[/size] [size=23]#corporates[/size] [size=23]#capitalmarket[/size] [size=23]#Investments[/size]


OFFICAIL TWITT BY Minster.CABRAL

https://twitter.com/an_cabraal/status/1367677953417437187
Search in: CORPORATE CHRONICLE™  Topic: Game Changed! SUPER GREEN  Replies: 4  Views: 2062

THE FINANCE COMPANY PLC (TFC.N0000) - Mon May 25, 2020 10:02 am

Cancellation of the licence of ‘The Finance Company PLC’ businesstribune.lk/2020/05/24/can… #BusinessNews #LKA #BankingNews #TheFinance #FinancialNews #Investments


The Finance Company PLC (TFC), is a Finance Company, carried its finance business activities under the Finance Business Act No. 42 of 2011 (FBA) and was severely impacted by the failure of a number of financial institutions within the Ceylinco Group in 2008. Since then, the financial status of the company deteriorated gradually, leading to a severe liquidity crisis.
All efforts made to revive the company through different strategies have failed and the continuity of current status will be further detrimental to the interest of the depositors and other stake holders of the company. Further, the depositors of TFC were unable to withdraw their money over the last fifteen months. 
As previously informed by the Press Release dated 23rd October 2019, The Monetary Board of the Central Bank of Sri Lanka (MB) issued a Notice of Cancellation (NOC) of the finance business licence issued to TFC, in terms of the powers vested under the FBA, with effect from 23rd October 2019, in order to safeguard the interests of the depositors and other stakeholders of TFC.
TFC had failed to tender a valid objection to the MB against such NOC within the stipulated time in terms of the provisions available in FBA. Accordingly, licence of TFC can be cancelled after 21st December 2019 onwards in terms of the FBA. However, upon the request of the company, the MB allowed TFC to call for a fresh round of Expression of Interests to Department of Supervision of Non-Bank Financial Institutions 22nd May 2020
identify a credible investor with valid proof funds and a viable business restructuring plan to revive the operations of the company but TFC failed to identify such investor up to date.
Therefore, the MB decided to cancel the finance business licence issued to TFC, in terms of the FBA with effect from 22nd May 2020. Accordingly, TFC is not permitted to engage in Finance Business under the FBA with effect from such date.
Further, the Director of the Department of Supervision of Non- Bank Financial Institutions of the Central Bank of Sri Lanka (CBSL) has decided to cancel the Certificate of Registration of TFC as a Registered Finance Leasing Establishment under the provisions of the Finance Leasing Act No. 56 of 2000.
The Sri Lanka Deposit Insurance and Liquidity Support Scheme of the CBSL will take necessary actions to pay compensation to the insured depositors under the applicable laws and regulations which would facilitate to settle 93% of the company’s total depositors in full (135,100 depositors out of 145,172 total depositors), while each of the remaining 7% depositors (10,072 depositors) will also receive Rs.600,000/-as a part of their deposit amount and the remaining balance may be able to recover in the process of liquidation subject to the priority of claims. Further information regarding the payment of compensation will be communicated in due course.
For further clarifications;

InstitutionPurposeTelephone
Numbers
Email addresses
Department of Supervision of Non-Bank Financial InstitutionsCancellation of the licence011 2477573
011 2477229
011 2477504
snbfi_query@cbsl.lk
Resolution and Enforcement DepartmentPayment of compensation under Deposit Insurance011 2398788 dred@cbsl.lk
The Finance Company PLCDeposits011 2557888
011 2580210
 info@thefinance.lk
 Pawning Advances obtained from the company071 1359248 
 Other facilities obtained from the company071 4086248
071 1864361
Search in: CORPORATE CHRONICLE™  Topic: THE FINANCE COMPANY PLC (TFC.N0000)  Replies: 16  Views: 3321

What will happen tomorrow? - Sat May 09, 2020 6:12 pm

View this post on Instagram

Winter is coming for CSE! Top analysts of Echelon Square warned investors and traders at a Zoom session hosted by Echelon Magazine titled ‘Blood on the Street’ in Colombo, Sri Lanka discussing the outlook of capital markets post COVID-19, that the stock market rout is far from over and is expecting a further drop of at least 700 points or 15% from the last closing and broad market corporate earnings to fall by 30% losing half of the stock market value in the coming days and months. The market is anticipating panic selling and foreign outflows close to Rs. 40 billion or more alone over the coming trading periods especially due to the fears of defaulting on the International Sovereign Bond (ISB's) by GOSL and the unsettling nature of the pandemic which has caused more economic damage to highly debt-ridden frontier and emerging markets like Sri Lanka. The mass exodus of funds is also likely to be caused by the closure of the country’s only stock exchange for seven consecutive weeks to curb the spread of the virus which also dented investor confidence and ignited fear. Discreetly implying adapting the "sell in May and go away" strategy by conserving cash in the short term as markets look ahead for a lot more pain. The island's economy could take a few years to bounce back to positive territory, largely depending on the fiscal management of the country and the hope of vaccination to curb the pandemic to prevent new cases further escalating. Recoveries of regional exchanges are seen, however, market analysts around the world are preparing that the latest rally also is known to be a 'relief rally' could be the start of a painful bear market, therefore, stock markets haven't reached their bottom yet. The Colombo Stock Exchange opens on Monday only for 2hrs starting from 11:00 a.m local time. #cse #srilanka# #stockmarket #stocks #equities #sl #stockmarketcrash #coronavirus #covid19 #frontiermarkets #emergingmarkets #investments #colombostockexchange

A post shared by Fundalyse Markets (@fundalyse) on

Search in: CORPORATE CHRONICLE™  Topic: What will happen tomorrow?  Replies: 1098  Views: 54974

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