Last Updated : 24-04-2014 19:37

 
 

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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: 1378

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: 1314

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: 2939

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: 1798

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: 2285

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: 2888

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: 1172

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: 1331

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: 1166

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: 2002

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: 1303

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: 1251

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: 1870

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: 1206

President visits and tweets to the world from Airtel booth

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President Mahinda Rajapaksa ceremoniously inaugurated the Business Forum of the Commonwealth Heads of Government Meeting at the Hotel Cinnamon Grand yesterday.
Views: 1435

Neapli billionaire calls for policy consistency to boost SAARC investments

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Nepal’s first Forbes billionaire yesterday called for policy consistency by governments in the region, to foster investments and become globally competitive.
Views: 1230

Fashion Bug takes another stride in contributing to regional development

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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’.
Views: 1782

Italian high-end restaurant chain plans Lankan entry

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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.
Views: 2332

Commonwealth Association of Accountants launched

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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).
Views: 1142

CCC urges businesses to make use of CBF

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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.
Views: 1147

S’pore bourse selects MillenniumIT as post-trade tech partner

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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.
Views: 1236

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