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Imtiaz Buhardeen increases stake in Sierra Cables to 20 per cent

By Hiran H.Senewiratne High net worth individual investor Imtiaz Buhardeen on Friday increased his collective stake in Sierra Cables PLC to 20 per cent Imtiaz’s stakes are via Carlines Holdings Ltd. and Almas Organization Ltd. As at September, the collective stake was 17.5 per cent and since then he has been collecting select quantities to […]

CSE recovers after shaky start to reap turnover of Rs 5 41 billion

CSE recovers after shaky start to reap turnover of Rs 5 41 billion
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Some Sri Lanka firms could be hit on import controls as reserves fall: Fitch

Friday July 23, 2021 8:41 am Friday July 23, 2021 8:41 am ECONOMYNEXT – Some Sri Lanka firms could be hit while firms in essential goods may be less affected and import substitution firms could benefit if import controls are tightened on weak external finances, Fitch, a rating agency said. “…Sri Lanka sovereign’s weak external finances will affect corporates importing non-essential finished goods such as consumer durables more than corporates importing essential finished goods such as pharmaceuticals, food or clothing,” Fitch said. “At the same time, we believe restrictions are less likely in the near term on the importation of raw materials for the domestic manufacture of essential products such as personal care, or for those industries serving as import-substitutes such as tyre and footwear manufacturers.”

9th World Construction Symposium from 9-10 July 2021

9th World Construction Symposium from 9-10 July 2021
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