DFCC Bank has launched its Debenture Issue to raise LKR 4 billion with an option to go up to LKR 7 billion in the event of an over subscription. The purpose of this Issue is to strengthen the Tier II capital of the Bank while supporting its lending operations in the Corporate, Business and SME…
The extra ordinary general meeting of the Hatton National Bank PLC has been adjourned and would not be proceeded with on 26 October (tomorrow) as scheduled. This meeting was to be held to obtain the approval of the company shareholders on issuing of shares to the Asian Development Bank (ADB) by way of a private…
The World University Service Canada (WUSC) in collaboration with Chambers and National Level organizations held seminars and networking sessions from the 17th to the 20th October with Canadian CSR coach Steven Fish, Executive Director of Canadian Business for Social Responsibility (CBSR). On October 20th construction sector representatives were hosted at the BMICH to hear Steven…
Public Utilities Commission of Sri Lanka (PUCSL) appointed a high-profiled three member committee to carry out an independent investigation of the recent break down of Lakvijaya coal power plant at Norochcholai. Shibly Aziz, Former Attorney General and President Counsel has been appointed as the Chairman of the Committee with R I Senaratne, Head of the…
Hemas Holdings in partnership with Minor Hotels is pleased to announce the launch of the second Anantara resort in Sri Lanka. Anantara Kalutara Resort, offering 141 guest rooms, suites and pool villas, is located on the Kalutara peninsula between the Indian Ocean and Kalu Ganga providing coastal, river and lagoon frontage. The property was originally…
Taking Sri Lanka’s education sphere to greater heights, the National institute of Business Management (NSBM) Green University Town, first of its kind in South Asia, will soon open its doors for the benefit of all Sri Lankans. This state-of-the-art university is spread over an area of 26 acres and has been designed to provide an…
Proposals for Budget 2017 from Trade Unions of Public sector, Statutory boards and Private sector were collected yesterday (24th Oct.) at a meeting held with the patronage of Finance Minister Ravi Karunanayake at the Ministry of Finance. Representatives of several Public sector Trade Unions participated in this event. The proposals which should be included in…
Reuters – Sri Lankan shares closed Monday at their lowest in 12 weeks in lean trade as investors awaited cues from the central government budget and the five-year plan ahead of corporate results. Sri Lanka’s quarterly earnings season started two weeks back, but the bulk of locally listed firms will not report until late October…
A fee levying system for recharging electric cars and a electronic card for same was introduced at a ceremony held at the Kelanitissa power station presided by Power and Renewable Energy Minister Ranjith Siyambalapitiya. It provides electric car owners a simple process to re-charge their cars at a minimum cost during peak and non peak…
In terms of the provisions of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), the Financial Intelligence Unit (FIU) of Sri Lanka entered into a Memorandum of Understanding (MOU) with the Department of Inland Revenue on October 19, 2016 at the Central Bank of Sri Lanka to exchange information in order to facilitate…
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