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Lankem Ceylon
Lankem Ceylon PLC is a chemicals, paints and consumer goods manufacturing company in Sri Lanka. The company also engaged in the hospitality industry by owning and operating resorts in Sri Lanka. The company is incorporated in 1964 by Royal Dutch Shell and listed on the Colombo Stock Exchange in 1970. Brand Finance ranked the company 88th most valuable brand in Sri Lanka. The company ranked 61st in '' LMD 100'', an annual list of quoted companies by revenue in the financial year 2019–20. History Lankem Ceylon was incorporated as Shell Chemical Company of Ceylon Limited by Royal Dutch Shell in 1964 as an agrochemical company. In 2010, Lankem Ceylon acquired C. W. Mackie. A new plant manufacturing paint thinner and chemical was inaugurated in Sapugaskanda in 2012 at cost of LKR120 million. Lankem Chemical Ltd, a subsidiary of Lankem Ceylon is the largest manufacturer and importer of paint thinner in Sri Lanka. Operations A 2017 study found the company is not following contemporary ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fort (Colombo)
Fort (Colombo) (; ) is the central business district of Colombo in Sri Lanka. It is the financial district of Colombo and the location of the Colombo Stock Exchange (CSE) and the World Trade Center (Colombo), World Trade Centre of Colombo from which the CSE operates. It is also the location of the Bank of Ceylon headquarters. Along the foreshore of the Fort area is the Galle Face Green, Galle Face Green Promenade, built in 1859 under the governance of Henry George Ward, Sir Henry George Ward, the Governor of Ceylon (Sri Lanka) during British Empire, British colonial era. Fort is also home to the General Post Office, Colombo, General Post Office, hotels, government departments and offices. History Known as ''Kolonthota'', the area became notable as the site of the first landings of the Portugal, Portuguese in the early 16th century and became one of their trading posts in the island. The Portuguese developed their trading post into a fortified base and harbour to extend their cont ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Activity-based Costing
Activity-based costing (ABC) is a costing method that identifies activities in an organization and assigns the cost of each activity to all products and services according to the actual consumption by each. Therefore, this model assigns more indirect costs ( overhead) into direct costs compared to conventional costing. CIMA, the Chartered Institute of Management Accountants, defines ABC as an approach to the costing and monitoring of activities which involves tracing resource consumption and costing final outputs. Resources are assigned to activities, and activities to cost objects based on consumption estimates. The latter utilize cost drivers to attach activity costs to outputs. The Institute of Cost & Management Accountants of Bangladesh (ICMAB) defines activity-based costing as an accounting method which identifies the activities which a firm performs and then assigns indirect costs to cost objects. Objectives With ABC, a company can soundly estimate the cost elements o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Listed On The Colombo Stock Exchange
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1964 Establishments In Ceylon
Events January * January 1 – The Federation of Rhodesia and Nyasaland is dissolved. * January 5 - In the first meeting between leaders of the Roman Catholic and Orthodox churches since the fifteenth century, Pope Paul VI and Patriarch Athenagoras I of Constantinople meet in Jerusalem. * January 6 – A British firm, the Leyland Motors, Leyland Motor Corp., announces the sale of 450 buses to the Cuban government, challenging the United States blockade of Cuba. * January 9 – ''Martyrs' Day (Panama), Martyrs' Day'': Armed clashes between United States troops and Panamanian civilians in the Panama Canal Zone precipitate a major international crisis, resulting in the deaths of 21 Panamanians and 4 U.S. soldiers. * January 11 – United States Surgeon General Luther Terry reports that smoking may be hazardous to one's health (the first such statement from the U.S. government). * January 12 ** Zanzibar Revolution: The predominantly Arab government of Zanzibar is overthrown b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Companies Listed On The Colombo Stock Exchange
As of March 2023, the Colombo Stock Exchange (CSE) has 289 listings. A B C D E F G H I J K L M N O P R S T U V W Y References {{Economy of Sri Lanka * Colombo Stock Exchange Colombo Stock Exchange ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Controlling Shareholder
A controlling interest is an ownership interest in a corporation with enough voting stock shares to prevail in any stockholders' motion. A majority of voting shares (over 50%) is always a controlling interest. When a party holds less than the majority of the voting shares, other present circumstances can be considered to determine whether that party is still considered to hold a controlling ownership interest. In the United States, Delaware corporations have a 2/3 vote requirement for a motion to pass. In theory, this could mean that a controlling interest would have to be over two-thirds of the voting shares. A 2019 study published in the Virginia Law Review said dual-class stock structures, common to newly public technology companies, creates governance risks and costs, including the potential loss of economic value for non-voting shares held by public investors. See also * Consolidation (business) * Holding company * Minority interest In accounting, minority interest (or non ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sri Lanka Institute Of Nanotechnology
The Sri Lanka Institute of Nanotechnology ( si, ශ්රී ලංකා නිනිති තාක්ෂණ ආයතනය; ta, இலங்கை நனோ தொழில்நுட்ப நிறுவனம்) (abbreviated and commonly known as SLINTEC) is a Sri Lankan research institute specialising in the field of nanotechnology. It was incorporated in 2008 as a public-private partnership between the Government of Sri Lanka and five private companies, and is notable for being the first public-private research institute in the country. In 2017, it was accredited as a degree-awarding institution by the Ministry of Higher Education and Highways, leading to the establishment of the SLINTEC Academy. Background The idea of a national science policy for Sri Lanka was first discussed in the 1980s, although the matter did not move forward in any concrete way for several decades due to the more pressing economic and budgetary needs of the civil war on successive admin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daily FT
The ''Daily FT'' or the ''Daily Financial Times'' is a daily English-language newspaper published in Colombo, Sri Lanka, by Wijeya Newspapers. Its sister newspaper ''The Daily Mirror (Sri Lanka)'' and its Sunday counterpart ''Sunday Times'' are among the important newspapers in Sri Lanka. See also *''Lankadeepa'', Sinhala-language sister newspaper *''Tamil Mirror'', Tamil-language Tamil (; ' , ) is a Dravidian language natively spoken by the Tamil people of South Asia. Tamil is an official language of the Indian state of Tamil Nadu, the sovereign nations of Sri Lanka and Singapore, and the Indian territory of Pud ... sister newspaper Notes External links * Daily FT' – Official Website * Daily Mirror' – Official Website * Sunday Times' – Official Website Daily newspapers published in Sri Lanka English-language newspapers published in Sri Lanka Newspapers established in 2010 Wijeya Newspapers Mass media in Colombo {{SriLanka-newspaper-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subscription (finance)
Subscription refers to the process of investors signing up and committing to invest in a financial instrument, before the actual closing of the purchase. The term comes from the Latin word ''subscribere''. Historical Praenumeration An early form of subscription was praenumeration, a common business practice in the 18th-century book trade in Germany. The publisher offered to sell a book that was planned but had not yet been printed, usually at a discount, so as to cover their costs in advance. The business practice was particularly common with magazines, helping to determine in advance how many subscribers there would be. Praenumeration is similar to the recent crowdfunding financing model. New issues Subscription agreement Subscription to new issues can be covered by a subscription agreement, legally committing the investor to invest in the financial instrument, and committing the company to certain obligations and warranties. In some jurisdictions, it is possible for the issuer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rights Issue
A rights issue or rights offer is a dividend of subscription rights to buy additional securities in a company made to the company's existing security holders. When the rights are for equity securities, such as shares, in a public company, it can be a non-dilutive ''pro rata'' way to raise capital. Rights issues are typically sold via a prospectus or prospectus supplement. With the issued rights, existing security-holders have the privilege to buy a specified number of new securities from the issuer at a specified price within a subscription period. In a public company, a rights issue is a form of public offering (different from most other types of public offering, where shares are issued to the general public). Rights issues may be particularly useful for all publicly traded companies as opposed to other more dilutive financing options. As equity issues are generally preferable to debt issues from the company's viewpoint, companies usually opt for a rights issue in order to minimiz ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ICRA Limited
ICRA Limited (ICRA) is an Indian independent and professional investment information and credit rating agency. The company was established in 1991, and was originally named ''Investment Information and Credit Rating Agency of India Limited'' (IICRA India). It was a joint-venture between Moody's and various Indian commercial banks and financial services companies. The company changed its name to ''ICRA Limited'', and went public on 13 April 2007, with a listing on the Bombay Stock Exchange and the National Stock Exchange. As of end December 2020, Moody's Corporation owns a 51.86% majority stake. ICRA Credit Rating ICRA's credit ratings are symbolic representations of its current opinion on the relative credit risks associated with the rated debt obligations/issues. These ratings are assigned on an Indian (that is, national or local) credit rating scale for Indian Rupee denominated debt obligations. ICRA ratings may be understood as relative rankings of credit risk within India ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Associated Newspapers Of Ceylon Limited
Associated Newspapers of Ceylon Limited (ANCL), also known as Lake House. It publishes three daily, three weekend, five weekly, two monthly and three annual publications in Sinhala, English and Tamil. Associated Newspapers of Ceylon Limited is a public limited liability company incorporated in Sri Lanka in 1926 by its founder D. R. Wijewardena. 75% of its shares were Nationalized under the Associated Newspapers of Ceylon Limited (Special Provisions) Law No. 28 of 1973 and this stake is held by the Public Trustee of Sri Lanka on behalf of the Government. Lake House is Sri Lanka's oldest publication company. Its '' Daily News'' English daily was the first Sri Lankan newspaper to be published on-line. At present ''Dinamina'', Resa, ''Daily News'', ''Thinakaran'', ''Sunday Observer'', . '' |
