Capital Alliance Limited (CALT) will list its equity shares on the Colombo Stock Exchange (CSE) via an Initial Public Offering tomorrow. The CALT IPO has gained significant traction and is highly anticipated by investors. CALT offers 41,177,236 ordinary shares for a 12.5% stake to the public, priced at LKR 10 per share. The IPO price…
Sri Lankan global HR software solutions provider, hSenid Business Solutions, successfully concluded its investor forum, ahead of its IPO, which is due to open on the 3rd of December 2021. The event showcased the great strides made by hSenidBiz having penetrated the global market for Human Capital Management (HCM) software while presenting the investment case…
Two fold attack on Tourism Tourism was one of the fastest growing sectors in Asia and is the third largest foreign exchange earner in Sri Lanka. When the Covid-19 pandemic surfaced in 2020, tourism was the one to face the immediate impact and one of the industries to be strained the most. Sri Lanka first…
CFA Society Sri Lanka rang the Opening Bell to commence trading at the CSE Monday (22) to celebrate its 20-year anniversary. The event was followed by launch of the Commemorative Cover and Stamp, as a part of a series of initiatives conducted by the society to celebrate this significant milestone Special market opening ceremonies are…
Invests Rs 90 million in Sri Lanka’s largest steam-powered paddle dryer Reduces GHG emissions by 2,326 tCO2e in one year Sri Lanka’s largest textile manufacturer Teejay Lanka PLC has announced the achievement of an 81 per cent reduction in Greenhouse Gas (GHG) emissions from the disposal of sludge waste, after one year of sustained operation…
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100), increased to 8.3 per cent in October 2021 from 6.2 per cent in September 2021. This was driven by monthly increases of prices of items in both Food and Non-food categories. Meanwhile, Food inflation (Y-o-Y) increased to 11.7…
Capping off a year of record-breaking, export-led growth, both Lanka Monthly Digest’s (LMD) Top 100 and Business Today Top 40 ranked Hayleys PLC as Sri Lanka’s Number 1 corporate for 2020-21. This marks the fifth consecutive year and eighth occasion in total that Hayleys has been honoured with the top spot within the LMD100. Considered…
The Board of Directors of John Keells Holdings PLC (“JKH”; the “Company”) resolved to raise funds through a private placement for a maximum cumulative amount of the Sri Lankan Rupee (LKR) equivalent of USD 80 million to Asian Development Bank (“ADB”) through the issuance of up to a maximum of 122,500,000 new ordinary shares of…
DFCC Bank, one of the premier commercial Banks in Sri Lanka, in its path towards securing a resilient nation through the facilitation of equitable and inclusive economic growth, seeks to comprehensively utilize one of the largest credit lines of USD 150 Mn available to the Bank from the U.S. government’s International Development Finance Corporation (DFC)….
The Monetary Board, at its meeting held on 17th November 2021 has promoted Mr. K G P Sirikumara, Mr. D Kumaratunge, Mrs. U L Muthugala, and Mr. C P S Bandara to the post of Assistant Governor with effect from 17th November 2021.
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