Asia Capital Limited today announced that it has sold its stake in the Capital Reach holdings limited.
Accordingly Softlogic Holdings Limited and Rosewood Private Limited have purchased the total of 15.36 million shares, each priced at Rs. 19.50.
The deal has been finalized during yesterday.
Softlogic holdings have acquired 10.9 million shares while Rosewood private limited has purchased [...]
August 20, 2010 1:47 PM | Posted in
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Senior banker Lakshman Uduwara has been appointed as the CEO of Asia Commerce Limited, a leasing firm who is in the business for last 5 year period and is gearing up for expansion.
Uduwara who has held several senior positions in two commercial banks gaining experience in both the Corporate and the Retail sectors is well [...]
August 20, 2010 11:54 AM | Posted in
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The “Pro-Foods Exhibition” the country’s primary food show will be kicked off today at the BMICH in Colombo.
Nearly 160 exhibitors will take part in this 3 day event and those will include manufactures, packagers, buyers and consumers together.
The exhibition will also see awards been presented to Best Natural Product, Product with the Best Packaging, Best [...]
August 20, 2010 7:43 AM | Posted in
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Monetary Authorities have come out with a set of guidelines that will govern the payments made through mobile phones.
The new guidelines will come into place with immediate effect.
The new set of guidelines issued by the Central Bank outlines that no person or institution can operate customer account based mobile payment service other than the ones [...]
August 19, 2010 4:58 PM | Posted in
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A delegation from India’s Mahindra & Mahindra group is currently in Sri Lanka to look out for possible areas of investment opportunties in the country.
The Delegation Headed by Anand G. Mahindra who is the Managing Director of the group also had a meeting with President Mahinda Rajapaksa last evening.
During the discussion the group has revealed [...]
August 18, 2010 9:34 AM | Posted in
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Transferring of dues owed by CPC to the Standard Chartered Bank’s Sri Lanka Branch to its Head office in London, has helped the local branch to show improved financial performance during the 1st half of 2010.
Accordingly during the 1st half of 2010, the Standard Chartered Banks Sri Lanka operations have reversed its losses made in [...]
August 17, 2010 2:50 PM | Posted in
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Central Bank Governor Ajith Nivard Cabraal once again reiterates that Sri Lanka is able to go forward without the GSP plus status.
Speaking to www.news360.lk the Governor said the country’s economy is moving forward and there is nothing to worry over the loss of GSP plus status.
He pointed out therefore the government does not intend to come out [...]
August 16, 2010 3:13 PM | Posted in
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The launch of a direct less than a Container Load services from Colombo to Slovenia by DHL will help Sri Lankan exporters to cut down the transit time of their shipments to Slovenia by 7 days.
DHL logistics today announcing the launch said goods from Sri Lanka can be delivered within 15 days to the Port [...]
August 16, 2010 1:22 PM | Posted in
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Lanka IOC says selling petroleum fuel items below cost is putting pressure on the company’s financial situation and urges the government to intervene to revise the petroleum prices.
Its Managing Director Suresh Kumar in an interview with www.news360.lk said the situation has become very difficult and the company’s borrowings have risen sharply thus putting pressure on [...]
Sri Lankan Airlines is planning to increase the number flights to several destinations, which it already operates to cater to the increasing demand especially from the tourism sector.
Accordingly the Airline announced that it will increase flight frequencies to destinations such as Paris, Frankfurt, Milan, Rome, Bangkok, Singapore, Kuala Lumpur, Shanghai, Karachchi and several Indian cities.
The [...]
August 13, 2010 1:38 PM | Posted in
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