Newly appointed Managing Director of Noritake Lanka Porcelain, a unit of Japanese based Noritake Company Limited, Yoshinari Shimaya met with President Mahinda Rajapaksa yesterday.
He was accompanied by the outgoing MD, Motoyasu Nakanish and the Director of the company Nimal Perera.
The meeting took place at the Temple Trees in Colombo.
Noritake Lanka Porcelain established in 1972 is [...]
April 24, 2013 9:56 AM | Posted in
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Sri Lanka’s People’s Finance PLC’s National Long-Term Rating has been upgraded to ‘AA-(lka)’ from ‘A(lka)’ by Fitch Ratings Lanka Limited.
However, Fitch has also simultaneously removed the company off Rating Watch Positive and withdrawn the rating as the entity no longer exists.
Fitch says, the action follows the 5th April public [...]
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Sri Lanka’s state run Bank of Ceylon has been chosen as the number one brand for the fifth consecutive year in the country.
The Bank has been given this valuation by Brand Finance Lanka, a part of the UK based Brand Finance network.
In its ‘Brands Annual Publication’ which was released recently by Brand Finance, the BOC [...]
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Sri Lanka based Senkadagala Finance PLC’s proposed debt issue of up to Rs. 1 billion has been assigned an expected National Long-Term rating of ‘BBB+(lka)(EXP)’ by Fitch Ratings Lanka.
Fitch says, the proposed senior unsecured redeemable listed debentures are rated at the same level as SFC’s National Long-Term rating as they will constitute direct, unconditional, unsecured [...]
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Sri Lanka-based Bank of Ceylon’s US$ 500 million unsecured notes due in 2018 has been assigned a final rating of ‘BB-’. by Fitch Ratings Lanka Limited.
Fitch says, the notes are rated at the same level as BOC’s Long-Term Foreign Currency Issuer Default Rating as they will constitute direct, [...]
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Sri Lanka’s Micro Cars Limited has decided to set up a Vehicle manufacturing / assembling facility and also a launch an automobile degree program in Hambantota.
The US$ 20 million BOI approved project will come up in the Export Processing Zone in Mirijjawila.
The facility which will focus on producing and assembling a range of vehicles catering [...]
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Japanese based Bansei Securities Company Limited has purchased a 15-pct stake in Sri Lanka’s Pan Asia Banking Corporation.
The Rs. 930 million ( US$ 7.41 mln.) deal which were inked on Tuesday saw Bensei buying 44,256,164 shares of the Bank.
The stock market disclosure issued on this deal said a share was sold for a sum of [...]
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Singer Sri Lanka, a consumer durable firm has decided to raise Rs. 1.5 billion via a debenture issue, which has been assigned an ‘A(lka)(EXP)’ expected rating by Fitch.
Fitch says, the final rating of the upcoming unsecured redeemable debentures is subject to the receipt of final transaction documents conforming to information already received. [...]
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Sri Lanka based Hatton National Bank PLC’s proposed issue of unsecured subordinated redeemable debentures of Rs. 4 billion has been assigned an expected national long-term rating of ‘A+(lka)(EXP)’, by Fitch Ratings Lanka.
Fitch says, the proposed debentures are rated one notch below HNB’s National Long-Term rating of ‘AA-(lka)’ to reflect their subordinated status.
According to [...]
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Lanka Aluminium Industries PLC has decided to expand the firm’s operation with an investment Rs. 216.41 million.
In a stock market disclosure, the firm said that the money would be pumped into expand the factory facilities and its capacity.
Lanka Aluminium Industries, a firm listed in the Colombo Stock Exchange is engaged in the business of manufacturing [...]
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