Business News

Sri Lanka’s most successful retail bank, HNB PLC announced the completion of another capacity building programme focused on building financial literacy and commercial competitive ability among Small and Medium Enterprises (SMEs) in the North-Central region.

The Commercial Bank of Ceylon PLC has announced plans to raise Rs 5 billion, with an option to raise upto a further Rs. 5 billion in the event of an over subscription, for its capital through a Basel III compliant debenture issue that opens on Monday, 16th July 2018, offering qualified investors an opportunity to invest in the growth of Sri Lanka’s benchmark private bank.

HUTCH, Sri Lanka’s fastest growing mobile telecommunications company, continued its support to motor racing in the country by stepping forward to power the recently-concluded Colombo Supercross 2018, the motor sports event organized by the Sri Lanka Navy in partnership with the Sri Lanka Association of Racing Drivers and Riders (SLARDAR).

CRYSBRO, a pioneer in Sri Lanka’s poultry industry, is geared up to launch Sri Lanka’s first ever alternative energy system fuelled by Litter Briquettes, which are generated from compressed chicken litter.

The ground preparation and retention wall construction work on Serenia Residences, the luxury devel-opment in Talpe-Galle, has already begun and is almost nearing completion.

Sri Lanka’s rapidly growing mobile broadband operator Hutch recently awarded 8 lucky winners of the HUTCH ‘Hatharawaram’ tune services campaign high-end iPhone 8 and Samsung Galaxy S8+ smartphones at a special event held at the Hutch Head office.

Colombo International Container Terminals Limited (CICT) has reiterated that its payment of Rs. 19,410,000/- (equivalent to US$150,000), to the Pushpa Rajapaksa Foundation was a donation, in good faith, for the construction of houses for the less privileged.

Ambeon Holdings PLC Announces Dividends

Thursday, 12 July 2018 06:21

Subsequent to the transformation and repositioning of the Ambeon Group, which included restructuring of its diversified businesses to bring about collective focus, optimize investments and increase shareholder value, Ambeon Holdings PLC announced today of an interim dividend to all its shareholders.

Continuing their winning spirit, Sri Lanka’s number one health insurance company Softlogic Life bagged the top three country awards at Emerging Asia Insurance Awards 2018, including the coveted ‘Best Life Insurance Company of the Year’ award.

Uswatte Confectionery Works, Sri Lanka’s oldest confectionery manufacturer, has expanded into the biscuits market with the launch of “Uswatte Golden Biscuits” at a special ceremony held in Colombo recently.

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