Last Updated : 23-08-2014 06:56

 
 

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Dialog becomes Apple iPhone partner in Sri Lanka

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Dialog Axiata PLC announced it will offer iPhone 5s, the most forward-thinking smartphone in the world, and iPhone 5c, the most colorful iPhone yet, to customers from today (December 13). The announcement follows Dialog being appointed the first and only Authorised Partner and Service Provider for Apple iPhone in Sri Lanka.
Views: 3399

NDB Rs.10bn debt issue oversubscribed

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National Development Bank PLC’s (NDB) Rs.10 billion debenture issue—the largest to-date—has been oversubscribed, the Registrars to the issue, SSP Corporates said a while ago
Views: 1844

Eden draws Rs.1.5bn loan from Seylan to finance Dickwella purchase

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The Board of Directors of Eden Hotel Lanka PLC approved a 6-year funding facility from Seylan Bank PLC worth Rs. 1.5 billion, to finance the company’s purchase of Dickwella Resorts (Pvt) Ltd.
Views: 1754

Hemas declares open modern container terminal

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Hemas Integrated Logistics (Pvt.) Ltd showcased its Inland Container Terminal and Services division to its customers and well-wishers, recently.
Views: 1924

Sampath to list debentures tomorrow

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Debentures of Sampath Bank will be listed on Colombo bourse’s Main Board tomorrow. Samapth raised Rs.5 billion in a five-year debenture issue, issuing 25 million rated, unsecured, subordinated, redeemable debentures at Rs.100 each with an option to issue a further equal amount in the event the first tranche is oversubscribed.
Views: 1506

EZ Cash connected to government payment service

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Sri Lanka’s Infor mation and Communication Technology Agency (ICTA) and Dialog Axiata PLC announced that Sri Lanka’s first and largest mobile payment and transaction service - eZ Cash had been selected and integrated as the first mobile payments service provider to Lanka Gate - the eServices portal of the Sri Lankan government.
Views: 3587

Lanka Hospitals adjudged 1st runner up at CIMA Business Case Awards 2013

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Lanka Hospitals today announced that it was adjudged 1st runner up at the CIMA Business Case Awards 2013, for their case study on ‘A Thriving Business Model in the State Sector - the Lanka Hospitals Story.’
Views: 3256

Sampath Bank Rs.5bn debt issue oversubscribed

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Samapth Bank PLC yesterday said its Rs.5 billion debenture issue was oversubscribed and the issue would close at 4.30 p.m.
Views: 1700

Dunamis to invest Rs.200mn in leather factory

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Dunamis Capital PLC, an investment firm connected to the Janashakthi group, said it plans to invest Rs.200 million in a fully-owned subsidiary, namely Premier Synthetic Leather Manufacturers (Pvt.) Ltd, a Board of Investment (BoI) company, manufacturing leather and related products for the local market.
Views: 1603

SriLankan, Mihin lose Rs. 16bn in first half

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The two state-owned airlines, which share the same Chairman and CEO has reported an operating loss over Rs.16.4 billion during the first half of the financial year 2013/14 despite an increase in the passenger load factor, a Finance Ministry report showed.
Views: 3294

World’s largest modular carpet company mulls Lankan entry

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Interface Inc., the world’s largest marker of modular carpets for commercial and residential applications may enter Sri Lanka with its plans to start a production facility in India, a top Interface official said.
Views: 2820

CB says 8 finance companies distressed

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Central Bank of Sri Lanka yesterday said there are eight distressed finance companies in the country under its off-site and on-site supervision.
Views: 2634

Mobitel introduces ‘mCash’; the most quick and convenient method to carry out monetary transactions

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Living by its credo of ‘We Care. Always.’ the National Mobile Service Provider, Sri Lanka Telecom Mobitel has introduced another life-style convenient service to its customers called ‘mCash’.
Views: 3583

SLPA leases H’tota LPG tank facility to Litro

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The Sri Lanka Ports Authority (SLPA) and Litro Gas Terminal Lanka (Pvt.) Limited yesterday signed a lease agreement for the liquid petroleum gas (LPG) facility of the tank farm at Magam Ruhunupura Mahinda Rajapaksa Port (MRMRP) for a period of 10 years.
Views: 1852

LB Finance Rs.2bn debenture snapped up

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LB Finance PLC, a licensed finance company yesterday said its Rs.2 billion unsecured debenture issue was oversubscribed the opening day.
Views: 1748

DPL blames authorities for prolonged crisis

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Dipped Products PLC (DPL), a top glove exporter linked with the contentious water contamination issue in Rathupaswala yesterday accused authorities including the National Water Supply and Drainage Board and the Health Ministry, for failing to clear the misconception among the villagers concerning their non-involvement in water pollution that has eventually led to a halt in company operations.
Views: 1753

SL could become mini Singapore

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Despite Sri Lanka having a rich human resource, the country is yet to harness its full potential because of its low presence in providing professional services to other international markets, according to a top Standard Chartered Bank (StanChart) executive, who operates in the Asian region.
Views: 2333

DFCC makes Fiji entry

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The DFCC group has been selected as a consultant in the transformation of Home Finance Company (HFC) of Fiji, a state-owned financial institution with a limited offering of products and services.
Views: 1620

Mobitel powers CHOGM App

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In light of the 23rd Commonwealth Heads of Government Meeting (CHOGM) being held this week, the very first Android app developed in the history of CHOGM, titled ‘CHOGM 2013 – Sri Lanka’ is gaining quick popularity.
Views: 1590

Packer makes strong case for his Lankan casino

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Making a compelling case for his controversial integrated resort (IR) project in Sri Lanka, the Australian casino mogul and the Chairman of Crown Limited, James Packer yesterday stressed the need for Sri Lanka to identify the importance of providing the right tourism offering, if the country is serious about achieving her ambitious tourism targets.
Views: 2199

NDB comes up with biggest debt issue ever

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National Development Bank PLC (NDB), a development financier, yesterday announced its plans for Rs.10 billion listed debt, the largest ever debenture issue a listed company has so far announced.
Views: 1559

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