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Hemas concludes Rs.4.1bn Rights Issue

Hemas Holdings PLC said that it has completed its Rights Issue raising Rs4.1bn of new capital to finance its expansion plans in healthcare and personal care. The capital raised is one of the most significant on the Colombo Stock Exchange in recent years, with the majority of capital being raised from world leading institutional investors, a press release said.Read More...

Biggest Spanish Incentive Group arrives in Sri Lanka


The biggest Spanish Incentive Group to Sri Lanka arrived in the country on May 11, comprising 115 of the best sales executives of a leading corporate institution in Spain.

Mega deals in Ceylinco push turnover to Rs. 5.2 billion

The Colombo bourse yesterday saw turnover hit a recent high of Rs. 5.29 billion due to some mega deals in Ceylinco Insurance (voting) and United Motors with speculation rife that a foreign party had acquired a stake in a major player in the domes...

Fitch assigns Singer’s Notes ‘A-(lka)’ final rating

Fitch Ratings has assigned Singer (Sri Lanka) PLC’s (Singer; A(lka)/Stable) unsecured redeemable debenture issue of up to LKR3bn a final National Long-Term Rating of ‘A-(lka)’.

Mobitel Cash Bonanza 2015


The National Mobile Service Provider Mobitel which aims to select a winner every minute of each day through its Cash Bonanza draw has rewarded 44,686 customers during the month of March through the giveaway of cash prizes worth over a staggering ...

DFCC retains its title as Mercantile Service Basketball Champions

The DFCC Group was recently crowned as the Mercantile Service Basketball Champions at the Mercantile Knock-out Tournament. The finals were attended by basketball fans, participating banks and staff from several mercantile organizations. The DFCC ...

Horizon Campus emphasizes Quality Assurance in Higher Education


Prof. Colin N. Peiris, Vice Chancellor of Horizon Campus, currently serves as Director, Quality Assurance and Accreditation (QAA) Council of the University Grants Commission, Ministry of Higher Education and is a Quality Assurance Expert in Highe...

‘Golden Key investments to be returned’


Finance Minister Ravi Karunanayake recently said that the government is ready to settle the moneys owed to the Golden Key Credit Card investors within the next two months with the intervention of the Central Bank of Sri Lanka (CBSL).

Sri Lanka to be world’s first state to protect mangrove forests


In a recent announcement, the Sri Lankan government disclosed plans to assist a project focusing on the protection and sustenance of local mangrove ecosystems. The financial investment in this project is US$ 3.4 million.

BOC dedicates Siri Medura – best-in-class home loans


Bank of Ceylon has launched "Siri Medura" in 5 provinces – a best in class home loan offering to help its valued customers purchase and build their dream home. This product offers unparalleled customer convenience:

CFW hosts CFW Day at University of Moratuwa


Colombo Fashion Week recently held its fourth successful CFW Day as part of its ongoing Designer Development Programme, which aims to nurture the next generation of fashion talent in Sri Lanka.



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