Asia’s largest synchronized forum for professionals – ‘Momentum’ was concluded a short while ago with over 2300 business leaders and industry professionals attending. Held simultaneously at four locations – Cinnamon Grand, Cinnamon Lakeside, Hotel Galadari and Hilton Colombo Residencies – this marked the first time in Sri Lanka that a synchronized forum was held. The…
Colombo bourse witnessed negative returns for the fifth consecutive day on Wednesday. ASI shed 23.83 index points or 0.33% to close at 7,199.73 while 20-scrip S&P SL index dropped by 17.85 index points (-0.44%) to end at 4,049.61. Price declines in John Keells Holdings (closed at LKR 245.00, -2.0%), Dialog Axiata (closed at LKR 13.00,…
The Finance Company PLC has received Rs. 06 billion from the Sri Lanka Deposit Insurance and Liquidity Support Fund as per the loan agreement signed on 15 December 2014 with the Central Bank of Sri Lanka.
The initial issue of 30 million rated, unsecured, redeemable debentures issued by Seylan Bank PLC at Rs. 100.00 each with an option to issue up to another further 30 million debentures has been oversubscribed. The issue has received applications for over Rs. 03 billion and accordingly the issue will close at 4.30 pm today (17…
The issue of 10 million listed, rated, unsecured, redeemable senior debentures issued by Singer (Sri Lanka) PLC at Rs. 100.00 each with an option to issue up to another further five million has been oversubscribed. The issue has received applications in excess of an aggregate value of Rs. 1.5 billion. Accordingly the issue will close…
Sri Lanka has kicked off its first ever industrial chemical technical sessions on 17 December-and a top team from the Hague’s (Netherlands) OPCW- which conducted widely publicised Syrian chemical weapon inspections in October 2013–is here to upgrade Sri Lanka’s industrial chemical expertise to the next level. “Chemical safety and security measures help to prevent re-emergence…
Lanka Clear which handles the cheque clearance in Sri Lanka has prepared several projects to make electronic financial transactions easier. Lanka Clear Chief Executive Officer Sunimal Weerasuriya expressed his views on these projects while speaking to www.adaderanabiz.lk Below is the interview BIZ 24X7 of Ada Derana 24X7 had with Lanka Clear CEO Sunimal Weerasuriya:
Colombo equities extended the losses for the fourth consecutive day amid bearish investor sentiments. Main index lost 6.70 points (-0.09%) to end at 7,223.56 while S&P SL 20 index marginally lost by 2.15 points (-0.05%) to end at 4,067.46. Today’s losses were mainly led by counters such as John Keells Holdings (closed at LKR 250.00,…
The NDB-DFCC Banks consolidation process is proceeding successfully and they are preparing a new name for the consolidated bank, NDB Chairman Sunil Wijesinghe told www.adaderanabiz.lk Below is the interview BIZ 24X7 of Ada Derana 24X7 had with NDB Chairman Sunil Wijesinghe, where he revealed several other details:
In keeping with the directions of the Monetary Board at its meeting held on 26 May 2014, the Central Bank has continued the implementation of the second phase of the restructuring of The Finance Company PLC (TFC) in order to further stabilise the Company and move it to a profitable level, in terms of the…
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