Colombo’s stockmarket was topsy-turvy this week on the back of the US drama surrounding high networth investor Raj Rajaratnam who, despite facing insider trading charges in the US, can still buy or sell stock in Colombo.
The Registrar of Companies has struck off 2,361 companies off the register which under the law cease to exist, Registrar D.K. Hettiarachchi told the Sunday Times FT.
Another landmark falls
Unilever Sri Lanka on Wednesday said it was relocating its 70-year old landmark manufacturing plant at Grandpass to Horana in a US$33 million (Rs 4 billion) investment, bringing to an end a colourful part of Sri Lanka’s past. The plant has been an integral part of the Grandpass landscape long before Sri Lanka gained Independence. Seen here is a picture of the facility many decades back copied from the Unilever archives.
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