The New Delhi based Polish Ambassador for Sri Lanka and India, His Excellency Tomaz Lukaszuk invited Sri Lanka to buy fruits from Poland, which he says does not use chemicals to increase the shelf life of the fruits, they produce. The ambassador made this request, when he held a discussion with the Sri Lanka –…
Sri Lanka’s E.B. Creasy and Company PLC has acquired 100 per cent issued shares (2,500,000) of Lanka Special Steels Ltd from its owning company, India’s Tata Steel Ltd. for Rs. 433 million. Beginning operations in Sri Lanka in 2003, Lanka Special Steels Ltd has been engaged in the manufacture and supply of hot dipped galvanized…
Colombo bourse managed to divert from the negative sentiments on Tuesday, after six consecutive sessions of losses amid drop in T-Bill Yields. The benchmark All Share Price index advanced 37.91 points or +0.56% to close at 6,820.34 while S&P SL 20 index gained 19.90 points (+0.52%) to end at 3,852.43. During the month of March…
Lakshman Hulugalle who was earlier the Director General of the Media Centre for National Security (MCNS) has resigned from his post of Director at Commercial Bank. His resignation is effective 31 March 2015. He does not hold any shares in the Commercial Bank of Ceylon PLC.
Anura Siriwardene and Sujeewa Rajapaksha who were Non Executive Directors of the National Development Bank (NDB) have tendered their resignations. The NDB has informed the Colombo Stock Exchange that these resignations are with effect from 31 March 2015. Earlier, Suni Wijesinha who was Chairman of NDB resigned and had revealed the reasons for his resignation…
Lanka Hospitals Corporation PLC has appointed Tissa Nanayakkara as an Independent Non Executive Director and its Deputy Chairman with effect from 27 March 2015. Nanayakkara is the Senior Deputy General Manager – Retail Banking at Seylan Bank and has over 35 years of experience covering a wide range of roles at several finance institutions including…
The Cinnamon Lakeside Hotel will be partially closed for urgent repairs from 30 March till October 2015, says Trans Asia Hotels PLC. Trans Asia Hotels PLC, the owning company of the hotel was incorporated in July 1981 as a Public Limited Liability Company and quoted on the Colombo Stock Exchange, with Insurance Corporation of Sri…
SME Factors Malaysia, one of Malaysia’s leading receivables financing houses, entered into a partnership with SME Factors Lanka Ltd. recently, aimed at expanding Sri Lanka’s SME industry. The collaboration is a result of initial discussions that took place last year between SME Factors and several Ministries and will look at imperative measures that need to…
Following the resignations of Dr. Rani Jayamaha as Chairperson of Hatton National Bank and Sunil Wijesinha as National Development Bank PLC Chairman and the likelihood of more such resignations, very reliable sources indicated that the Finance Ministry has notified several private commercial bank heads who had been appointed to represent government owned shares to step…
National Development Bank PLC (NDB) Chairman Sunil Wijesinha has indicated his personal wish to step down as Chairman and has tendered his resignation with immediate effect. Sunil Wijesinghe is an accountant and senior executive who has managed and chaired a number of private and public organizations. He is chairman of the Employers’ Federation of Ceylon,…
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