The Initial Public Offering (IPO) of LOLC General Insurance Limited, through an Offer for Sale of 120,000,000 Ordinary Voting Shares at a price of Rs. 7.90 per Share, which opened yesterday (16th December 2021) was oversubscribed on the initial day itself. The IPO by LOLC General Insurance Limited received applications for over the IPO value…
Privatisation is the need of the hour. Sri Lanka is already in one of the worst economic crises in its history. Experts warn that deep economic reforms are essential. Reforming SOE’s can curb further losses, which add to the fiscal deficit. The Cumulative losses of the 55 SOEs from 2006-2020 is a staggering 1.2 trillion….
Industry attempting to attract FDI to Eravur from leading players in fabric – Aroon Hirdaramani Sri Lanka’s apparel industry expressed confidence in reaching its target of $8 billion in export earnings by 2025, by implementing the concerted initiatives put in place by the sector, in collaboration with the authorities. These views were expressed at the…
The Department of Census and Statistics (DCS) Sri Lanka, has released the estimated Gross Domestic Product (GDP) at current price and at constant (2010) price in Production approach and the other macroeconomic indicators for the third quarter (July 1st to September 30th) of year 2021. The third wave of the Covid-19 pandemic, which began in…
A management buy-out backed by Tempest two (Pvt) Ltd is gearing to acquire SLT Campus (Pvt) Ltd (popularly known as Sri Lanka Technological Campus) from Sri Lanka Telecom PLC in order to launch SLTC towards its ultimate objective of being Sri Lanka’s first and most recognized research-oriented university. Having been initiated and funded by SLT,…
The shares of Capital Alliance Limited (CODE: CALT-N-0000) commenced trading on the Colombo Stock Exchange (CSE) today. The shares have been listed on the Diri Savi Board of the CSE under the “Investment Banking & Brokerage” sector. The occasion was marked with a special Bell Ringing Ceremony Chairman and Non- Executive Director of Capital…
Eng. Raja Edirisuriya assumed duties today (15) as the 22nd Chairman of the Board of Investment (BOI) of Sri Lanka, the apex investment promotion agency for the country. In addition to his post at the BOI, Edirisuriya also serves as the Executive Project Management Director for Colombo Port City Development Project and was also the…
rāgā, an innovative line of organic, kithul-based products was launched by Agri Deshiya (Pvt.) Ltd. – a local company committed to elevate Sri Lanka through value-added agricultural products of Sri Lankan origin to international fame. The official launch took place on the 14th of December at the opening of the Agri Deshiya factory, which was…
“Born in Sri Lanka – Ceylon Cinnamon” was the title of a virtual event conducted last week in Melbourne, with the participation of a panel of experts and businessmen in the field, for the promotion of Ceylon Cinnamon in the Australian states of Victoria, South Australia and Tasmania. The purpose of the event was to…
Shares of Capital Alliance Limited (CALT), will commence trading on the Diri Savi Board of the Colombo Stock Exchange (CSE) today It will be classified under the “Financials” industry group and trade under the ticker “CALT”. The IPO was oversubscribed by 8.6 times on the opening day itself. Capital Alliance Limited received a total of…
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