Orient Garments PLC has decided to launch a rights issue of 54.9 million new ordinary shares at Rs. 15 each. While this decision has been made by Orient Garments board of directors, they hope to raise nearly Rs. 810 million. The company is to issue a new share for every existing share. Orient Garments which…
Colombo equity market started weekly operations on optimistic note where both indices witnessed notable returns. Core index gained 36.03 index points or 0.51% to close on 38 month high of 7,123.44 while 20-scrip S&P SL index gained 36.68 index points or 0.93% to close at 3,969.49. Price appreciations in large caps such as John Keells…
Fitch Ratings has affirmed Sri Lanka-based Lion Brewery (Ceylon) PLC’s (Lion) National Long-Term Rating at ‘AA-(lka)’. The Outlook is Stable. The agency also affirmed the company’s senior unsecured rating at ‘AA-(lka)’ and assigned an expected National Long-Term rating of ‘AA-(lka)(EXP)’ to Lion’s proposed unsecured redeemable debentures of up to LKR2bn (USD15.4m). Lion plans to use…
World class facility to produce Retail Packaging Solutions Wilkins Spence Sri Lanka, a subsidiary of the Wilkins Group UK recently laid the foundation stone for its USD 3 Mn plus state-of-the-art factory to produce retail packaging solutions. Present at the foundation stone laying ceremony were Group Chairman & MD of The Wilkins Group UK André…
Britain’s Prince William said on Monday he was “thrilled” that his wife Kate is pregnant with their second child, but admitted it had been a “tricky few days” as she struggles with severe morning sickness. Kate cancelled an official engagement on Monday because she is suffering from hyperemesis gravidarum, the same condition that caused her…
Marking the first visit in 24 years by a Japanese Prime Minister, the incumbent Premier Shinzo Abe and First Lady Akie Abe arrived in Sri Lanka this evening with probably the strongest trade delegation to visit the island in recent times, making this another significant feature in the country’s march towards progress. Among these trade…
The importation of potatoes has been temporarily suspended from midnight today in order to protect the local potato farmers, the Ministry of Finance and Planning said. Deputy Secretary of the Treasury S.R Artigala stated that the decision was taken with the intention of providing local potato farmers with a good price amidst an increase in…
Apple is to bolster iCloud security after intimate pictures of celebrities were stolen and published online, chief executive Tim Cook has said. Alerts sent to users will now include one when data is restored to a new device, Mr Cook told the Wall Street Journal. iCloud accounts may been broken into when hackers correctly guessed…
Ypsilanti, Michigan – Your car soon will do more to help avoid a crash. As for one day leaving all the driving to the vehicle while you relax in back, don’t get your hopes up. That’s the message from safety executives at Toyota, who on Thursday promised by 2017 to have collision-prevention technology installed across…
Colombo shares continued the optimistic momentum on Friday, to conclude the weekly operations in positive territory. Benchmark All share price index gained 26.81 points or +0.38% to close at 7,087.41 whereas S&P SL 20 index gained 30.00 points or 0.77% to close at 3,932.81. Price progression in counters such as Commercial Bank (closed at LKR…
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