Singer Sri Lanka PLC’s issue of 15 million debentures to raise Rs. 1.5 billion has been oversubscribed, announced the firm in a stock market disclosure.
Accordingly, Singer PLC will close the subscription list at 4.30 pm today.
Singer informs that the basis of allotment of debentures would be notified later.
The consumer durable firm initially planned only to [...]
May 21, 2013 12:02 PM | Posted in
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The Sri Lanka Economic Summit 2013 organized by the Ceylon Chamber of Commerce will be held during the month of July, announced the Island’s premier business Chamber.
The Chamber says this years summit will be held under title of “Re-Balancing the Economy’ with seven sessions focusing on seven subtopics.
Among those topics are, ‘Managing the Fiscal Deficit, [...]
May 21, 2013 12:02 PM | Posted in
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Sri Lanka’s Hatton National Bank’s national long-term rating has been affirmed at ‘AA-(lka)’ by Fitch Ratings Lanka.
The Outlook of the bank is Stable.
Fitch says, HNB’s ratings reflect its strong domestic franchise in lending and deposit mobilisation as the fourth-largest bank in Sri Lanka, as well as its satisfactory capitalisation and stable operating performance.
However, the agency [...]
May 21, 2013 12:02 PM | Posted in
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Sri Lanka’s Watawala Plantations PLC has appointed Sunil G. Wijesinha as its new Chairman with effect from 20th May, 2013, announced the firm in a stock market disclosure.
The appointment comes as the plantation group’s longstanding Chairman Govindasamy Sathasivam retiring from the post with effect from 20th May.
He will remain as a director of the company.
Meanwhile, [...]
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Colombo Stock Exchange ended the day on positive territory with ASPI gaining 1.35-pct while the turnover for the day stood at Rs. 1.28 billion.
Foreigners were net buyers of the day with net foreign inflow recording a sum of Rs. 288 million.
Foreign participation accounted for 16-pct of the day’s turnover.
Crossings were witnessed in Royal Ceramics and [...]
May 21, 2013 12:02 PM | Posted in
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Sri Lanka Police has arrested the eldest daughter of the former JVP leader Rohana Wijeweera.
Police spokesman H.B. Siriwardena said, she was arrested for engaging in domestic violence.
“She has attacked her mother and the brother”, Siriwardena told News360.lk.
Following the arrest, Wijeweera’s daughter has been produced in the courts.
The court has ordered to remand her.
The arrest was [...]
May 21, 2013 12:02 PM | Posted in
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Sri Lanka has commenced constructing a 46 km electric fence that will run between the areas of Thanamalwila to Wellawaya, two areas situated in the Island’s Uva province.
The move is aimed at preventing elephant encroachment into villages, which has caused a conflict between the humans and elephants.
The ongoing human – elephant conflict in Sri Lanka [...]
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Former Sri Lanka ‘A’ team coach Stan Nell has been signed by the Hawthorn-Monash University to coach the Hawk’s for the next premier cricket season, a media report said.
Nell, will help develop the Hawk’s emerging young players to help bring the club back into the finals competition.
Nell replaces Keith Jansz, whose position was terminated by [...]
May 21, 2013 12:02 PM | Posted in
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Sri Lankan Airlines has sought permission from the government to purchase aviation fuel from Singapore to cut down its fuel expenses, a media report said.
The Airlines Chairman Nishantha Wickramasinghe in an interview given to Sinhala weekly ‘Lankadeepa’ news paper has said, if the airline can buy fuel from Singapore, it would help the entity cut [...]
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Sri Lankan president Mahinda Rajapaksa paid floral tributes to the fallen war heroes at the ‘War Memorial’ in Battaramulla during Saturday.
Sri Lanka ended a three decade conflict during the year 2009 thanks to the sacrifices made by thousands of fallen war heroes.
The family members of those fallen soldiers were present during the occasion.
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