Richard Pieris & Company has decided to issue thirty million (30,000,000) Rated, Unsecured, Redeemable, Debentures with a value of Rs. 03 billion with the option of increasing the size up to thirty five million (35,000,000) Rated, Unsecured, Redeemable, Debentures with a total value of Rs. Three billion and five hundred million.
The Urban Development Authority (UDA) has decided to offer opportunities to the government and private sectors to establish office complexes of over 10 stories within the proposed ultra modern Kottawa expressway city near the interchange to the Southern Expressway. The UDA has prepared to reserve land to an extent of five acres for this purpose….
Sources have revealed that a garment businessman named Rolick Augustus Krishantha Perera had allegedly given the forged Rs.5000 notes worth Rs.2 million to UNP MP Sajith Premadasa’s sister Dulanjalee Premadasa. Apart from the Rs. 2 million which Dulanjalee attempted to deposit at a private bank in Colombo 7, police found 471 Rs.5000 notes at his…
The better way to minimize the printing of forged currency notes is to raise awareness among the public on ways to identify such currency notes, an official of the Sri Lanka Central Bank’s Currency Department told AdaderanaBiz. She made this comment in response to the questions regarding the incident where the Rs. 5,000 currency notes…
The District Court of Colombo restrained Anura Lokuhetty from acting as the CEO of Serene Pavilions Hotel in Wadduwa. The Commercial High Court on March 19 refused an enjoining order sought by Anura Lokuhetty, restraining his termination as the CEO of the Serene Pavilions Hotel. The Commercial High Court of Colombo in December issued an…
As reported by AdaderanaBiz yesterday, members of the Sri Lanka Motor Vehicle Importers’ Association met Finance Ministry officials for discussions last evening in a bid to popularize fully electrically operated vehicles in Sri Lanka. During these discussions, the vehicle importers had requested government assistance to encourage prospective buyers to go in for these vehicles. Towards…
Amana Bank CEO and Managing Director Faizal Salieh will retire from his post effective June 1, 2014. A suitable candidate will be appointed, Amana Bank stated.
Share Market managed to end positively on Tuesday as both indices closed higher. Bench mark all share price index advanced by 30.55 points (+0.52%) to close at 5,952.78 and 20-scrip S&P SL index advanced by 9.58 points (+0.30%) to close at 3,256.49. Progression in counters such as Ceylon Tobacco (closed at LKR 1,080.00, +4.7%), Carson…
The boards of directors of the DFCC Bank (DFCC) and the National Development Bank PLC (NDB) have signed a memorandum of understanding towards exploring the possibilities of amalgamating under the consolidation of certain banking businesses. The boards of both DFCC and NDB add that there is no definite decision on aspects of such consolidation at…
The demand in the world market for high and low grown Sri Lankan tea has currently decreased and it may reportedly cause tea prices to fall. Though tea prices are thus decreasing, Sri Lanka’s tea still fetches better prices, said Asia Siyaka tea brokers chairman Anil Cooke while speaking to AdaderanaBiz. “Recently, Iran bought a sizeable amount of…
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