Fitch Ratings Lanka has assigned Hatton National Bank PLC’s (HNB; AA-(lka)/Stable) proposed senior debentures of up to LKR6bn an expected National Long-Term Rating of ‘AA-(lka)(EXP)’. The debentures, which are to have tenors of three, five and 10 years and carry fixed coupons, are to be listed on the Colombo Stock Exchange. HNB expects to use…
Sri Lanka and China signed the following agreements to further cooperation between the two nations: 1. Plan of Action of the Democratic Socialist Republic of Sri Lanka and the People’s Republic of China to Deepen the Strategic Cooperative Partnership Signed for Sri Lanka: Prof. G.L. Peiris, Minister of External Affairs Signed for China: Mr. Wang…
The government has taken steps to immediately reduce the electricity tariffs and prices of petrol, diesel and kerosene oil following commissioning of the third phase of the Norochcholai coal power plant which added another 900 megawatt of electricity to the national grid and also with an eye on attracting the voters at the upcoming Uva…
Toyota unveiled Friday a concept car that offers a look into the future of technology for the next generation of automobiles and consumers. The U^2, or Urban Utility, has a box-shaped exterior with a customizable interior that features a sleek design, removable front seat, an intuitive shifter and a spot to mount a tablet in…
While addressing the event to mark the commissioning of the third phase of the Norochcholai coal power plant which is Sri Lanka’s largest power generation project, a representative of the main contractor to the project China Machinery and Engineering Corporation (CMEC) said that the reliability of the plant has by now been increased. There was…
Colombo equities ended on Tuesday in the positive territory as the core index gained mere 1.13 points or 0.02% to close at 7,176.10 while S&P SL 20 index marginally gained 2.34 points or 0.06% to close at 3,976.76. Price progression in counters such as Hemas Holdings (closed at LKR 54.00, +4.7%), Nestle Lanka (closed at…
World famous American singer, song writer, musician, record producer and actor Lionel Richie is to arrive in Colombo in October for a gigantic performance. This musical extravaganza at the Sri Lanka Exhibition & Convention Centre on 11 October is to celebrate the 25th anniversary of Sri Lanka’s prominent construction company Access Group. Managing Director of…
Colombo share market started weekly operations on a negative note where both indices shed some of the hefty returns gained on last seven consecutive sessions. ASI declined by 43.71 index points or -0.61% to close at 7,174.97 while 20-scrip S&P SL index slipped by 41.21 index points or -1.03% to end at 3,974.42. Price declines…
The People’s Leasing & Finance PLC’s 15 million debenture issue of Rs. 100 each has been oversubscribed. The issue will close at 4.30 pm today (15 September) and the basis of allotment would be notified to the Colombo Stock Exchange in due course.
Hatton National Bank PLC, the premier private sector commercial bank in Sri Lanka, recently financed Softlogic Group’s strategic investment in the leading fashion brand ODEL, enabling the conglomerate to further strengthen its presence in the apparel and fashion accessories market. Softlogic purchased the shareholdings of Otara Gunawardene, and brothers Ajith and Ruchi Gunawardene (press release…
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