A business delegation from the Korean city of Busan will arrive in Sri Lanka during the month of June to discuss business opportunities with local counterparts, announced the Ceylon Chamber of Commerce.
The delegation is expected to discuss opportunities in the sectors of construction, ship maintenance and conversion, steel, tourism and vehicle components.
An official of the [...]
May 28, 2013 9:04 AM | Posted in
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Sri Lanka’s Finlay Insurance Brokers, a Unit of Finlays Colombo PLC, a diversified conglomerate has expanded its operations to the North and Eastern provinces of the country.
According to a company statement, the Insurance broker has opened a branch in the Northern capital of Jaffna and the Eastern town of Batticaloa.
“The company is committed to taking [...]
May 28, 2013 9:04 AM | Posted in
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Sri Lanka’s Dialog Axiata has signed an agreement with Sri Lanka Cricket to sponsor the men’s and women’s national team at an investment of Rs. 753.90 million plus taxes.
A Stock market disclosure by the telecom firm said, under this agreement SLC has offered it the title of ‘Official National Team Sponsor of Sri Lanka Cricket’
The [...]
May 28, 2013 9:04 AM | Posted in
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Sri Lanka based MillenniumIT, a unit of London Stock Exchange Group has appointed John Mackay (Mack) Gill as its new CEO, announced the firm in a media release.
Mack Gill joins MillenniumIT from global technology group, SunGard Data Systems Inc., where he was Senior Vice President, Corporate Development & Strategy.
Mack who will be based in Sri [...]
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Senkadagala Finance PLC’s issue of listed debentures to raise Rs. 1 billion has been oversubscribed, announced a market disclosure by the firm.
Accordingly, the company which opened the subscription list on Tuesday has closed it on the same day at 4.30 pm.
The finance firm initially only planned to raise Rs. 500 million via this offer, but [...]
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SriLankan Airlines says buying new aircrafts is important for it to compete with regional airlines such as Emirates, Qatar, Singapore and Cathay Pacific, which operates with modern set of fleets.
This fact has been stated by the Chairman of the national carrier, Nishantha Wickramasinghe during an interview he has given to the Sinhala news paper “Lankadeepa’s [...]
May 28, 2013 9:04 AM | Posted in
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Sri Lanka’s Melsta Regal Finance, a unit of Distilleries group has got a ‘A+(lka) rating by Fitch Ratings, with a ‘Stable’ outlook.
According to Fitch, Melsta Regal’s rating reflects that extraordinary support available for it from its ultimate parent, Distilleries Company of Sri Lanka PLC in case of need.
The agency says, this is based on its [...]
May 28, 2013 9:04 AM | Posted in
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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 28, 2013 9:04 AM | 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 28, 2013 9:04 AM | 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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