K.G.D.D. Dheerasinghe, an eminent economist with a distinguished career of over 37 years in the banking sector has been appointed Chairman of the Commercial Bank of Ceylon with effect from tomorrow (29 July 2014). Meanwhile, M.P. Jayawardena, a Fellow of the Institute of Chartered Accountants of Sri Lanka and counting nearly 35 years of post…
The issue of 10 million Rated, Senior, Unsecured Redeemable Debentures at Rs. 100 each by Dunamis Capital PLC to the value of Rupees of One Billion has been oversubscribed. Accordingly, the issue closes at 4.30 pm today (28 July) while entertaining the applications received till such time.
The 2015 Toyota Yaris has debuted with a new European-themed design, several new additional interior and exterior features and a manufacturer’s suggested retail price range from $14,485 to $17,620. The price range extends from three-door L with a manual transmission ($14,485) to the five-door SE with a four-speed automatic ($17,620). Like like the previous-generations, the…
Redington Global (Private) Limited has purchased 27,241,525 shares of PCH Holdings PLC today (25 July). Prior to this purchase Redington Global (Private) Limited held 17,887,884 shares of PCH Holdings and has now acquired 17.9 percent of the issued capital of PCH Holdings PLC.
Commercial Bank of Ceylon PLC Chairman Dinesh Stephan Weerakkody will relinquish office as Director/Chairman on 20 July 2014 after completing nine years as a Director of the bank. Mr. Weerakkody was appointed to the Board of Commercial Bank of Ceylon in July 2005. He was appointed Deputy Chairman in August 2011 and as the seventh…
Colombo stock market wrapped its weekly operations on a mixed note where main bourse marginally advanced by 2.24 index points or 0.03% to end at 6,783.64. 20-scrip S&P SL index declined 2.30 index points or 0.06% to close at 3,764.90. Price appreciations in counters such as Distilleries (closed at LKR 206.00, +1.5%), Overseas Realty (closed…
South Africa’s government will forbid foreigners from buying land within five years, but will not expropriate those who already possess deeds, the land affairs minister says. “The principle is that foreign nationals should not own land but should have a long-lease with a minimum of 30 years,” Gugile Nkwinti, minister of Rural Development and Land…
Fast food chain McDonald’s has suspended sale of chicken nuggets and some other products in Hong Kong. It said it had imported chicken and pork from Shanghai Husi Food, the Chinese firm that allegedly supplied out of date meat to fast food firms. China has suspended operations of Shanghai Husi after local media reports claimed…
Thushara Perera, Group Director Marketing, Derana has been conferred with the prestigious Platinum Honours 2014 at the PIMA Platinum Honours 2014. The Platinum Honours 2013/14 is the ultimate honors conferred on a PIM Alum by PIM Alumni, which is the largest in Sri Lanka with over 1,500 active members who are at senior managerial level…
The DFCC Bank is to offer 30 million Senior Unsecured Redeemable Rated Debentures at an issue price of Rs. 100 each, with an option to issue up to a further 20 million Debentures in the event the initial 30 million Debentures are oversubscribed. Subscriptions open on 07 August 2014. Managers to the issue are Capital…
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