Renuka Organics Private Limited, a subsidiary of Renuka Agri Foods PLC has subscribed to 9,899,985 shares at Rs. 20 each of Kandy Plantations Limited on 31 March 2015. The value of the shares is Rs. 197,999,700 which is equivalent to 93.6 per cent issued shares of Kandy Plantations Limited. Renuka Organics Private Limited has also…
At the cusp of realizing its Sustainability Vision of becoming the most sustainable five star city hotel by 2015, Green Globe certified Cinnamon Grand today holds the pioneering stance of being the country’s most intelligent building. The state-of-the art-Schneider Building Management System (BMS) is the first in a hotel in South Asia, controlling, monitoring and…
A sporting icon, a legend and a genius came together today to launch the all-new 2016 Kia Sorento SUV in Colombo, an automotive icon in its own right, and the drive that the extraordinary trio have in common. Driven on to a stage in the packed ‘Oak Room’ at the Cinnamon Grand, Kumar Sangakkara, MuttiahMuralitharan…
The Sri Lanka-China Business Council (SLCHBC) facilitated a business meeting with a visiting delegation from Shandong Province of the People’s Republic of China on the 27th of March 2015. This is the third such visit from a Chinese delegation this month, with visits from the China Pacific Economic Cooperation CEO Forum and the Shenyang Province…
Colombo stock market continued the optimistic sentiment and started the month of April with hefty returns on Wednesday. Main index bagged 95.74 index points to witness sharp increase of 1.40% to end at 6,916.08 while 20-scrip S&P SL index gained 48.24 index points or 1.25% to close at 3,900.67. Index performance was mainly led by…
The Association of Commercial Bank Executives and the Commercial Bank branch of the Ceylon Bank Employees’ Union (CBEU), two trade unions representing nearly 80 per cent of the employees of the Bank have jointly written to the Director – Bank Supervision of the Central Bank of Sri Lanka (CBSL) expressing their concern over recent proposals…
Two trade unions of the Commercial Bank have jointly written to the Director of the Central Bank of Sri Lanka’s Bank Supervision Department to withdraw the government notice for Commercial Bank Chairman Dharma Dheerasinghe to resign and if not, the unions would resort to legal action, say reliable sources. Following recent written instructions from the…
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…
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