Director General of the Public Enterprises, S. R. Artigala says the government will adopt a 3 pronged strategy to put back to use the underutilized or unused assets of private sector firms which it plans to take back under a proposed new law.
The new law once in place will enable the government to take over [...]
November 1, 2011 1:28 PM | Posted in
Economy |
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The Hayleys stake of businessman Dhammika Perera and firms acting in concert with him has gone up to 46.92% following the completion of the mandatory offer made by him, but fell short of gaining control of the firm.
Perera who single handedly held 34.50% stake of Hayleys shares saw the mandatory offer he made to buy [...]
November 1, 2011 11:17 AM | Posted in
Markets |
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Former Sri Lankan all-rounder Chaminda Vaas has announced his retirement from all forms of international cricket.
Vaas has made this announcement on Saturday while in India, where he has been present to unveil the “Chaminda Vaas benefit T20 cricket match” trophy.
Sri Lankan cricketers and Mangalore Cricket Club will compete for the game on November 19.
Vaas has [...]
November 1, 2011 9:18 AM | Posted in
Other,
Sports |
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Asoka Bandara will take over duties as the new Managing Director of Delmege Forsyth and Company Limited starting from today.
Bandara previously worked at Nestle Lanka as its Senior Vice President.
Nimal Perera who is a director of the Delmege board confirmed the news.
Perera said once Bandara takes over duties today, the company will intensify its restructuring [...]
November 1, 2011 8:01 AM | Posted in
Business & Finance |
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