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Norfund to Invest up to 9.99% in National Development Bank PLC

NDB and the Norwegian Development Finance Institution, Norfund, have reached an agreement for Norfund to invest up to 9.99% in National Development Bank PLC (NDB). Under this agreement, Norfund will participate in the Rights Issue for LKR8Bn that NDB has already announced by way of subscribing to unsubscribed rights and also by way of a…

(0)Comments | March 5, 2021 5:54 pm

WindForce launches LKR 3.2 billion IPO to boost Renewable Energy in Sri Lanka and abroad

WindForce Limited, the pioneers in the growth and supply of renewable energy in Sri Lanka, has announced an Initial Public Offering (lPO)  that aims to raise Rs.3.24 billion to fund its strategic expansion and growth in the renewable energy sector. The IPO offers 202,615,341 ordinary voting shares at Rs.16 per share and aims to raise…

(0)Comments | March 5, 2021 3:39 pm

Stock Market: It’s time to hold or buy – State Minister Cabraal

The performance of many companies this year is definitely on the rise, the State Minister of Money & Capital Markets and State Enterprise Reforms, Ajith Nivard Cabraal, said in a Twitter message. “The market overall PEs are low. The Rupee’s holding value. Interest rates are low. There’s ample room for the market cap to grow….

(0)Comments | March 5, 2021 3:27 pm

Next largest foreign debt repayment is US $ 1 billion on July 27 2021

In spite of adverse speculation, all debt service obligations of the Government have been duly met thus far in 2021, and the Government remains committed to maintaining its impeccable debt service record in the future as well, Central Bank of Sri Lanka said. According to the latest statistics released by the Central Bank of Sri…

(0)Comments | March 5, 2021 2:23 pm

JAT Holdings the “Official Overseas Team Sponsor of Sri Lanka Cricket”

Supporting the nation’s beloved sport, JAT Holdings (Pvt) Ltd was announced as the “Official Overseas Team Sponsor of Sri Lanka Cricket” for the 2020/2021 cricket season, until 31st May 2021. Having sponsored the Sri Lanka tour of South Africa and Sri Lanka’s Home Series against England previously this year, the completely local and home-grown brand is also…

(0)Comments | March 5, 2021 11:47 am

Luxurious living in Colombo 5! 40 Apartments with a rooftop pool facility overseeing breathtaking city views

  Total investment of Rs. 1.2 billion for the project by Trillium. Affordable luxury living in Colombo City Limits – Havelock Town, Colombo 05. A Condominium that allows pets for the first time in history in a pet care facility. Exclusive rooftop pool with all modern amenities. Trillium Havelock Residences – an Ideal investment opportunity….

(0)Comments | March 5, 2021 11:20 am

Central Bank of Sri Lanka and IFC Launch the Country’s First National Financial Inclusion Strategy to Boost Financial Inclusion for All

Sri Lanka’s first National Financial Inclusion Strategy (NFIS), launched today, aims to make financial services more accessible, efficient, and affordable for all households and businesses in the country. The NFIS is a joint effort led by the Central Bank of Sri Lanka—with technical and financial assistance from IFC, a member of the World Bank Group—under the IFC-DFAT…

(0)Comments | March 5, 2021 9:05 am

Way Forward for Tiles and Bathware in Sri Lanka

Countries across the world today are faced with severe economic hurdles and ramifications brought upon by the COVID-19 pandemic, with some key industries having come to a grinding halt. In an effort to become a self-sufficient nation in a post-COVID economy and to safeguard the currency, the Government of Sri Lanka recently took a policy…

(0)Comments | March 4, 2021 4:17 pm

CSE organizes Family Business Forum themed ‘Founder to Family’

The Colombo Stock Exchange (CSE) in collaboration with the Securities and Exchange Commission (SEC) is hosting the inaugural Issuer Forum for 2021 on the theme ‘Founder to Family – Leveraging Going Public’, at the Shangri-La Hotel Colombo on 16th March 2021 from 5.30 p.m. onwards. The event will highlight how a Family Business can take…

(0)Comments | March 4, 2021 4:15 pm

Citrus Waskaduwa joins hands with Kings Hospital to commence operations as an Intermediary Care Centre

Sri Lanka’s luxury beachfront resort, Citrus Waskaduwa, recently joined hands with Kings Hospital Colombo to commence operations as an Intermediary Care Centre (ICC), strengthening Sri Lanka’s fight against COVID-19. Citrus Waskaduwa, which was one of the first resorts to offer its property and facilities to the government of Sri Lanka to be utilized as a…

(0)Comments | March 4, 2021 2:29 pm