The issue of five million Unsecured Subordinated Redeemable Debentures by the Bank of Ceylon at an Issue price of Rs. 100 each was oversubscribed after receiving applications for over Rs. 08 billion. The Issue closed at 4.30 pm today (01 October 2015).
* Former Unilever Sri Lanka Board Director to head Watawala Tea Ceylon Ltd, a member of the Sunshine Holdings conglomerate Eyeing significant expansion, including exporting the Zesta brand to several countries, Watawala Tea Ceylon (WTC), one of the most admired branded Tea Companies, has appointed top marketing & sales professional and former Unilever Sri…
Colombo bourse regained lost grounds on Thursday where the foreign investors lift their activity to record the highest foreign participation after 17 months. Activity level of the foreigners increased during the week to record average of 59% of the market activity, amid the positive sentiments triggered in the UNHCR session, favoring the country and its…
A bevy of beautiful women added extra colour and glamour to Arpico Supercentres recently when the 15 finalists of the 2015 Miss Sri Lanka for Miss World pageant visited the Supercentres at Hyde Park Corner, Battaramulla and Dehiwela. Accompanied by the winners of the Miss Sri Lanka contests of 2012, 2013 and 2014, the women…
Generally what were talked about earlier are continued price hikes of the normal consumer goods in Sri Lanka or Inflation. However, the Government’s latest data indicates that what is witnessed in Sri Lanka currently is in fact a ‘Deflation’. Accordingly, during September this year, when compared to September of 2014, the consumer prices in Sri…
Following the new Government coming into power and its commitment to good-governance, US companies are showing greater keenness on investing in Sri Lanka, said US Ambassador to Sri Lanka Atul Keshap while speaking at the 23rd Annual Convention of the American Chamber of Commerce. He is thankful to President Maithripala Sirisena and Prime Minister Ranil…
The city of Wolfsburg in Lower Saxony is not merely the hometown of Volkswagen. Wolfsburg is Volkswagen, Germany’s answer to Detroit – but rather more prosperous. It was founded in the 1930s as a place to house workers building the KdF-Wagen – the car which became the VW Beetle after the Second World War. Even…
Selling pressure in blue-chip stocks dragged the Indices down on Wednesday and the ASI declined by 34.51 index points or -0.49% to end at a 11-week low of 7,050.87. S&P SL 20 index dropped 32.46 points (-0.84%) to end at 3,826.15. Main index lost 59.93 points or 0.8% during this week. Today’s losses were mainly…
Fitch Ratings has affirmed Sri Lanka Insurance Corporation Limited’s (SLIC) Insurer Financial Strength rating (IFS) at ‘BB-‘ with a Stable Outlook. The agency has also affirmed the National Insurer Financial Strength Rating and National Long-Term Rating at ‘AA(lka)’ with Stable Outlook. KEY RATING DRIVERS SLIC’s ratings reflect its well-established franchise and market position in Sri…
Colombo’s rapidly developing hospitality sector witnessed its latest advancement on 29 September when Renuka City Hotel relaunched after a complete refurbishment. Patrons can expect to find the same familiar charm that they’ve grown accustomed to over the years but set in a brand new ambience owing to a LKR 300 million revamp of the hotel’s…
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