All Blogs
Lost Crown
Conglomerate John Keells Holdings (JKH) regained its triple A status following two-year break, after clocking in impressive earnings and boosting its share capital.Conglomerate John Keells Holdings (JKH) regained its triple A status following two-year break, after clocking in impressive earnings and boosting its share capital. The premier bluechip has diversified interest in tourism, real estate, […]
Quick Drip
Forty two year old leasing specialist Industrial Finance Ltd is coming out with a rights issue to up capital.Forty two year old leasing specialist Industrial Finance Ltd is coming out with a rights issue to up capital. The privately held company’s core capital stands at Rs.40 mn – just Rs. 10 mn short of Central […]
Shifting Bulge
Former Plantations Minister Arumugan Thondaman shifted baggage to the ruling Freedom Alliance, giving the government its longed for majority.Former Plantations Minister Arumugan Thondaman shifted baggage to the ruling Freedom Alliance, giving the government its longed for majority. Eight seats from the Ceylon Workers Congress will give the Alliance 114 seats in Parliament, one up on […]
Perfect Pitch
The Hayleys Group plans to acquire a few more ships in the coming months as it sees opportunities to expand its transport unit.The Hayleys Group plans to acquire a few more ships in the coming months as it sees opportunities to expand its transport unit. Hayleys, one of Sri Lanka’s largest conglomerates, has interests in […]
Joint Forces
India’s energy sector currently going through an overhaul might see state owned Bharat Petroleum merge with Indian Oil Corp., with repercussions for Sri Lanka. India’s energy sector currently going through an overhaul might see state owned Bharat Petroleum merge with Indian Oil Corp., with repercussions for Sri Lanka. Indian news wires on Thursday said that […]
Commercial Bank gets a AA (sri) rating for upcoming Rs. 1 bn debt issue
Commercial Bank is raising a billion rupees through private placement of four-year debentures, largely to feed its growing loan book. Commercial Bank is raising a billion rupees through private placement of four-year debentures, largely to feed its growing loan book. The issue carries a AA (sri) rating from Fitch Ratings Lanka, is ranked one notch […]
Building Trust
Edirisinghe Trust Investments an EAP Group company relaunched its services Wednesday, venturing into the leasing business.Edirisinghe Trust Investments an EAP Group company relaunched its services Wednesday, venturing into the leasing business. ETI, a strong player in the pawning business for over 35 years, said its leasing business was only the beginning of its stride into […]
Prime Cut
Commercial Bank of Ceylon has raised US$ 35 mn through a syndicated loan arranged by Standard Chartered Bank Colombo at slightly lower rate than the Sri Lankan government.Commercial Bank of Ceylon has raised US$ 35 mn through a syndicated loan arranged by Standard Chartered Bank Colombo at slightly lower rate than the Sri Lankan government. […]
State Secrets
Armed with a restraining order against a hydro project on forestland, environmental lobbies say secretive state procedures are keeping the public from getting involved.Armed with a restraining order against a hydro project on forestland, environmental lobbies say secretive state procedures are keeping the public from getting involved. The Court of Appeal on Tuesday extended an […]
NAMAL puts out Sri Lanka’s first money market fund making use of recent changes to the Unit Trust Code
NAMAL or National Asset Management Co., is coming out with a money market fund, capitalising on a recent change to the Unit Trust Code. NAMAL or National Asset Management Co., is coming out with a money market fund, capitalising on a recent change to the Unit Trust Code. Money funds are mutual funds that invest […]