Elanka Finance

John Keells Stock Brokers (JKSB) – Sri Lanka – STOCK MARKET WEEKLY – 01-10-2021 Brought to you by – John Keells Stock Brokers (JKSB)     John Keells Stock Brokers (JKSB) is a leading equity brokerage house in Sri Lanka and is a subsidiary of John Keells Holdings PLC (JKH), the largest listed entity on the Colombo Stock Exchange (CSE). We are one of 15 founding members of the Colombo Stock Exchange and our history in equity trading dates back to 1896. We are widely regarded in the industry for good governance practices with an emphasis on compliance and regulations. Our core sales and research staff have been engaged with the firm for a period of 10 – 25 years. Over the years this has helped JKSB develop strong and lasting relationships with our core client base of Foreign Funds/Individuals, Local Institutions and HNWI’s. This has contributed to our superior offering ...

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Hambantota Port moving at speed despite gloomy market Source:Island The Hambantota Port has signed deals with more than 30 countries as it looks to promote its operations globally.  Hambantota International Port Group (HIPG) said that the promotional activities have garnered commendable results despite the gloomy market situation experienced globally.  “We are rapidly moving to diversify HIP’s industrial zone portfolio and at the same time we are widely promoting the location internationally. We have signed with more than 30 investors from across the globe i.e. the UK, Singapore, Japan, Sri Lanka, China and now the Maldives,” Johnson Liu, CEO of HIPG said.  HIPG in a release said: The new operational blueprint of the Hambantota International Port (HIP) is impacting all aspects of the port’s activities. “HIP Speed” is a concept to increase efficiency and momentum across port operations for the benefit of all stakeholders. “HIP Speed will bring a new dimension ...

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BPPL Holdings: Only Sri Lankan company listed in Forbes Asia’s 200 ‘Best Under a Billion’ Source:Bizenglish.Adaderana BPPL Holdings PLC, one of Southeast Asia’s largest brush manufacturers and Sri Lanka’s largest plastics recycler equipped with one of only two plants in the world capable of creating polyester yarn directly from recycled PET plastic flakes, is the only Sri Lankan company to have entered Forbes Asia’s 200 ‘Best Under a Billion’ list. Forbes evaluated over 20,000 publicly traded companies in the Asia-Pacific region this year with revenues of under US Dollars 1 Billion and consistent top-and bottom-line growth from which only 200 were selected. Companies were selected based on a composite score that incorporated their overall track record. This includes debt, sales, and earnings-per-share growth measures over both the most recent fiscal year and three-year period and the strongest one- and five-year average returns on equity. Aside from quantitative criteria, qualitative screens ...

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John Keells Stock Brokers (JKSB) – Sri Lanka – STOCK MARKET WEEKLY – STOCK MARKET WEEKLY 03-09-2021 Brought to you by – John Keells Stock Brokers (JKSB)     John Keells Stock Brokers (JKSB) is a leading equity brokerage house in Sri Lanka and is a subsidiary of John Keells Holdings PLC (JKH), the largest listed entity on the Colombo Stock Exchange (CSE). We are one of 15 founding members of the Colombo Stock Exchange and our history in equity trading dates back to 1896. We are widely regarded in the industry for good governance practices with an emphasis on compliance and regulations. Our core sales and research staff have been engaged with the firm for a period of 10 – 25 years. Over the years this has helped JKSB develop strong and lasting relationships with our core client base of Foreign Funds/Individuals, Local Institutions and HNWI’s. This has contributed to ...

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Dreamron makes it to elite league of LMD’s ‘Most Respected Entities in Sri Lanka’ for 2021 Source:FT   Dreamron, the largest exporter of cosmetics in Sri Lanka with a significant local presence, made its entry into ‘Sri Lanka’s Most Respected Entities’ by LMD (Lanka Monthly Digest) in its special edition which was released in August, 2021. This remarkable recognition in Dreamron’s 20-year-old journey of continuous progress is an endorsement for its value creation for the country in an industry that is dominated by the multinationals.  In line with Dreamron’s vision of becoming the most admired and respected local cosmetics manufacturer and marketer by meeting or exceeding expectations of all stakeholders with specific focus on fulfilling the quality demands of the consumer through an array of world-class products which are locally manufactured fully complying and conforming to both global and local quality standards. It is Dreamron’s desire to be an aspirational ...

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ComBank named Sri Lanka’s Domestic Trade Finance Bank of the Year Source:colombopage Honored by Asian Banking and Finance for innovation, exceptional service and resilience in pandemic-impacted year.   Aug 12, Colombo: The Commercial Bank of Ceylon has been recognized as Sri Lanka’s ‘Domestic Trade Finance Bank of the Year’ at the 2021 Asian Banking and Finance (ABF) Awards under the ‘Wholesale Banking Awards’ category that honors banks that have successfully handled significant deals or launched innovative initiatives to deliver exceptional services for their clients. This significant accolade was bestowed on Commercial Bank for its initiatives to strengthen customer relationships, improve service standards, deliver innovative solutions and for being resilient, resisting disruption, and emerging with a stellar performance in the year reviewed, despite the debilitating effects of the COVID-19 pandemic. The Bank’s accomplishments in trade finance are underscored by its performance related to key indicators including (trade) market share, turnover, revenue, ...

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Oil and gas exploration in Mannar Basin mapped Energy Minister Udaya Gammampila in a gazette notification has published a map of blocks for joint exploration for oil and gas in the Mannar Basin.  Titled ‘Hydrocarbon exploration block map of Sri Lanka,’ the map outlines the blocks for exploration licences, development licences and joint studies. The publication covers all areas identified to contain oil and gas deposits in Sri Lankan waters by the Petroleum Resources Development Secretariat, for exploration.   The map contains 873 blocks of 15×15 km each in the Mannar Basin, and will enable investors to select preferred plots for exploration without difficulty. The Energy Ministry has endeavoured to make the map and exploration process engaging to investors in the Mannar, Kaveri and Lanka basins.  The Ministry noted that several foreign investors had expressed interest in the mapped blocks. The newly-published map and process is aimed at attracting the top ...

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KPMG webinar on ‘Port City Act: An in-depth analysis’ on 6 August The KPMG Academy will present the 23rd virtual session of the ‘Friday Mid-Afternoon Chat’ series on 6 August at 3 p.m. This session will have KPMG experts deliberate on ‘Port City Act: An in-depth analysis (including tax ramifications on distinct scenarios)’. The Colombo Port City Economic Commission Act, No. 11 of 2021 was certified on 27 May. The enactment of the Port city Act with exemptions from statutes listed in ‘Schedule III’ and  scope for exemptions to be granted (within a set framework)  from the Statutes in ‘Schedule II’ of the Act has many permutations and combinations for prospective investors, residents, and other stake holders. This webinar will analyse these interesting aspects. An in-depth understanding of the key provisions of the Act is of utmost importance for decision makers to strategise the future path of their respective businesses. ...

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Hayleys Fabric cuts carbon footprint by 15% with Sri Lanka’s largest solar roof Source:-island.lk Contributes 6,241,500kWh of power per annum to the National gridLargest single rooftop solar installation in Sri Lanka 9,000 solar panels installed across 18,000 square metre rooftop Carbon footprint reduced by 4,065.45 tCO2. Leading textile manufacturer, Hayleys Fabric further reduced its carbon footprint by 15% with the installation of the largest private sector rooftop solar power system in Sri Lanka, contributing 6,241,500kWh of power per annum to the National Grid. Installed by sister company Hayleys Fentons, the rooftop solar project was set up at Hayleys Fabric’s primary manufacturing facility in Horana and is part of a broader campaign to reduce carbon emissions and align with the UN Sustainable Development Goals. “Environmental sustainability is a core consideration for Hayleys Fabric. This is demonstrated in our multi-pronged approach to the environment, from supporting biodiversity conservation and reforestation initiatives to ...

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Softlogic Life lauded among Top 100 Best Global MDRT companies in the world Softlogic Life Managing Director Iftikar Ahamed Source:-www.ft.lk Sri Lanka’s fastest-growing life insurance company Softlogic Life, was recently honoured among the Top 100 Best Global MDRT companies in the world by the premier global association for finance professionals, Million Dollar Round Table (MDRT). Softlogic Life produced 170 MDRT members, strictly taking into consideration only 2020 performance, which is a clear testament to the young company’s unwavering commitment to produce high calibre advisors capable of providing holistic, customised life insurance solutions to their customers. MDRT is internationally recognised as the highest standard of excellence in the life insurance and financial services businesses, where all members are required to demonstrate up-to-date professional knowledge, strict ethical conduct and outstanding client service. “As one of the youngest and fully-homegrown life insurance brands in Sri Lanka, being celebrated among the top 100 MDRT ...

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