LB Finance PLC, a licensed finance company yesterday said its Rs.2 billion unsecured debenture issue was oversubscribed the opening day.
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.
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.
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.
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.
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.
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.
President Mahinda Rajapaksa ceremoniously inaugurated the Business Forum of the Commonwealth Heads of Government Meeting at the Hotel Cinnamon Grand yesterday.
Nepal’s first Forbes billionaire yesterday called for policy consistency by governments in the region, to foster investments and become globally competitive.
Fashion Bug, one of Sri Lanka’s leading retail clothing stores with over 17 outlets island-wide, completed yet another project by donating a computer unit, under its present Social Sustainability platform titled ‘Sisu Dirimaga’.
High-end Italian restaurant chain SOHO is currently in discussions with potential local partners to set up a luxury restaurant in Colombo as early as next year, followed by a second restaurant in Galle, according to the founder owner.
With the objective of bringing together the accounting professionals of the Commonwealth countries under one common platform, Sri Lanka last week took the lead in launching the first-ever Commonwealth Association of Accountants (CAA).
The Commonwealth Business Forum (CBF) to be held from November 12 to 14 in Colombo within the ambit of CHOGM, would definitely provide the Sri Lankan businesses the prospect of harnessing new as well as expanding their existing business dealings to a greater level, a media statement by the Ceylon Chamber of Commerce (CCC) stated.
MillenniumIT, London Stock Exchange’s proprietary technology business service provider said yesterday that it has been selected by Singapore Exchange (SGX) to power the bourse’s post trade operations.
Hemas Holdings PLC yesterday announced changes to its director board and the top management.
The National Mobile Service Provider, Sri Lanka Telecom Mobitel which introduced the innovative mTicketingservice which also offers purchasing train tickets via your Mobitel phone, has now extended its services for the greater convenience ofgovernment employees through a new service titled ‘mWarrants’.
As exclusively reported by Mirror Business a couple months back, Sri Lanka’s Aitken Spence PLC yesterday said it is teaming up with Spanish Hotel chain RIU Hotels to set up a US $ 100m million resort in Ahungalla.
India’s Krrish Group, which is supposed to be building a luxury apartment complex on the Transworks House land in Colombo Fort, yesterday, denied the claims that the Transworks site is going to be offered to potential investors attending the forthcoming Commonwealth Business Forum.
Eden Hotel Lanka PLC (Eden) said it is buying 99.9 percent of Dickwella Resorts (Pvt) Ltd (Dickwella), a 76-room luxury property for Rs.1.5 billion from LOLC Leisure Ltd, a subsidiary of LOLC Group.
Lanka Walltile PLC has acquired 13.59 percent of Lanka Tiles PLC in a deal worth over Rs.575 million. The purchase was executed at Rs.80 per share.
Sriyan de Silva Wijeyratne, who stepped down as Country Manager, Sri Lanka and Bangladesh for Microsoft, has been appointed MD/CEO of knit fabric maker, Textured Jersey Lanka PLC.
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