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Sunday Papers

  • HNB Finances Softlogic’s Strategic Move In ODEL
    Sun, 14 Sep 2014 14:00:49 +0000 - Hatton National Bank PLC has 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 in ODEL in a groundbrea... read more
  • Call For Importers To Grasp ‘Customs Valuation’
    Sat, 13 Sep 2014 19:05:03 +0000 - Dinesh De Silva, the Chairman of the Import Section of the Ceylon Chamber of Commerce says, having an understanding of Customs Valuation will help importers avoid under valuation, which puts them in great difficulty. He also says, in order to avoid issues such as under valuation, delayed clearance of goods on arrival, importers should understand [.... read more
  • USD 3 Million Packaging Factory At Mawaramandiya
    Sat, 13 Sep 2014 19:04:29 +0000 - Wilkins Spence Sri Lanka, a subsidiary of the Wilkins Group UK, recently laid the foundation stone for its USD 3 million plus state-of-the-art factory to produce retail packaging solutions. Present at the foundation stone laying ceremony were Group Chairman & MD of The Wilkins Group UK André Wilkins, Group Finance Director Ann Wilkins, D... read more
  • Public Private Collaboration A Must For 5-Hub Strategy
    Sat, 13 Sep 2014 19:03:53 +0000 - A lively panel discussion on international perspectives regarding Sri Lanka’s five hub strategy and the importance of public-private sector collaboration for optimal implementation was recently jointly hosted by Stax Inc, the global strategy consulting firm, together with the American Chamber of Commerce. The event, held on August 15 at the T... read more
  • Tea Industry Facing Huge Losses
    Sat, 13 Sep 2014 19:02:15 +0000 - By Camelia Nathaniel With 3.2 billion people living in the Asian region, Sri Lanka can revive its tea market if proper promotions and awareness campaigns are launched, said the CEO of Watawela plantations, Dr Dan Seevaratnam. Speaking to The Sunday Leader he said that at present, the Sri Lankan tea industry is facing huge financial losses... read more
  • Asia To Face Daunting Energy Challenge
    Sat, 13 Sep 2014 19:01:19 +0000 - Rapidly growing Asia confronts a daunting energy challenge in the decades ahead, says a new co-publication of the Asian Development Bank (ADB) and Routledge. With Asia’s economic growth estimated to accelerate from 6.1% in 2012 to 6.4% in 2014, the potential for future long-term growth is vast. With the right policy decisions, Asia could pote... read more
  • Indian Media Lauds Sri Lanka’s Development
    Sat, 13 Sep 2014 18:59:22 +0000 - Development programs similar to the ones launched in Sri Lanka were not found in any other country in the South Asian region since the island’s rural population was reaping the full benefits of infrastructure development, according to the Indian media team currently visiting the country. The visitors expressed confidence that the island would... read more
  • USD 15M For SME Portfolio Development
    Sat, 13 Sep 2014 18:58:46 +0000 - DEG – Deutsche Investitions und Entwicklungsgesellschaft mbH – recently provideda USD 15 million credit facility on a 5 year term period to Commercial Leasing & Finance PLC (CLC), a member of the LOLC Group, for the development of its SME portfolio. An official signing ceremony was held at the LOLC Head Office premises on September ... read more
  • Softlogic Group Buys ODEL In Rs 2.7 Billion Deal
    Sat, 13 Sep 2014 18:58:12 +0000 - By Faraz Shauketaly In one of the larger transactions seen on the Colombo Stock Exchange in a while, head of the Softlogic Group, Ashok Pathirage concluded a transaction worth over Rs 2.7 Billion (USD 20 Million +) which saw his companies secure a significant stake of 45.16% of ODEL Plc. Founder of ODEL – herself [...]read more
  • Winsetha Hospital Opens
    Sat, 13 Sep 2014 18:57:19 +0000 - With the state of the art medical care equipment Walking down Ananda Rajakaruna Mawatha from Punchi Borella Junction, just past the Immigration & Emigration Office, one can reach the Winsetha Hospital. For over two decades this hospital was known as Medicare Hospital. It was renamed as the Winsetha Hospital (Pvt) Ltd. by the new owners [...]read more



  • Trading Tuesday
    Sri Lanka stocks close higher
  • GDP Growth
    Sri Lanka GDP grows 7.8-pct in 2014 second quarter: Census Dept
  • Acquisition
    LOLC Group acquires 60 pct stake in Cambodian Microfinance Company for USD 20.3 Mn
  • Trading Monday
    Sri Lanka stocks close down 0.61-pct
  • Ratings
    Sri Lanka ranked 19th in creative productivity index by ADB
  • Oversubscribed
    People’s Leasing and Finance debentures oversubscribed
  • EPF Share
    Sri Lanka EPF Share Portfolio’s Unrealized Profits passes Rs10Bn mark
  • Trading Friday
    Sri Lanka stocks close up 0.27-pct
  • Trading Thursday
    Sri Lanka stocks close up 0.5-pct
  • Market Gain
    Sri Lanka CSE’s S&P SL20 crosses 4000 mark
  • Ratings
    Fitch rates Sri Lanka's NSB’s Senior Notes Final 'BB-'
  • Trading Wednesday
    Sri Lanka stocks close up 0.56-pct
  • Giving Up
    Sri Lanka Odel sells 44.5 Pct shares belongs to Gunawardene family to Softlogic
  • Ratings
    Fitch Affirms Sri Lanka's Lion Brewery at 'AA-(lka)'
  • Market Gain
    Sri Lanka Colombo Stock Exchange’s market cap crosses Rs 3 Trillion
  • Loan Facility
    Sri Lanka Commercial Leasing & Finance is to get USD15mn to develop SME portfolio
  • Share Gain
    Sri Lanka Orient Garments to raise 824 million rupees
  • Trade Agreement
    Looking at Sri Lanka’s Existing Trade Agreements and Lessons for the FTA with China : IPS
  • New Phone
    Apple announces iPhone 6 and iPhone 6 Plus
  • Trading Tuesday
    Sri Lanka stocks close up 0.5-pct





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