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Sri Lanka Senkadagala Finance debentures allotted
May 28, 2013 (LBO) – Subscribers to debentures of Sri Lanka’s Senkadagala Finance Plc, rated BBB+(lka) by Fitch will get up to 180,000 the entire amount asked for, in either fixed or floating rate securities. The firm offered to sell 500 million rupees of debt, upsized to a billion rupees if oversubscribed, and offer closed […]
‘s Softlogic Finance raises Rs500mn in debt
May 28, 2013 (LBO) – Sri Lanka’s Softlogic said it had raised 500 million rupees in two year funds by selling securitized debt.The firm said commercial banks, development banks and institutional investors had subscribed to the issue, arranged by Liege Capital with Deutsche Bank as trustee and Nithya Partners as lawyers. The funds raised by […]
Sri Lanka tourism expansion, cement plant by Nepali magnate: report
May 28, 2013 (LBO) – Nepal’s Binod Chaudhary is expanding tourism investments in Sri Lanka and has also got preliminary approval for a greenfield cement factory in the island’s north, a media report said.Sri Lanka’s The Daily Mirror newspaper said Chaudhary is negotiating with owners for land in the Jaffna peninsular to build a 600,000 […]
‘s Malwatte Valley Plantations ups spice, fruit crop
May 28, 2013 (LBO) – Sri Lanka’s Malwatte Valley Plantations Plc, a tea and rubber growing company said it was expanding commercial spice and fruit cultivation.. Chairman Willem Bogtstra told shareholders in an annual review that the firm is focusing on pepper, cardamoms, rambutan, avocado, mango and mandarin, using currently uncultivated land. “During the review […]
Tennis: Sharapova pledges tough love to photo buddy
PARIS, May 27, 2013 (AFP) – Maria Sharapova and highly-rated teenager Eugenie Bouchard have shared a sponsors’ photo-shoot, but the Russian superstar pledged no favours when the pair meet for a place in the French Open last 32.Sharapova, the defending champion and world number two, and 19-year-old Bouchard, last year’s junior Wimbledon winner, are both […]
Way Cleared
May 28, 2013 (LBO) – Sri Lanka’s state-run Ceylon Petroleum Corporation has re-started its 50,000 barrels per day refinery after a crude carrier started discharging cargo through a repaired pipeline, the island’s petroleum ministry said.. The off-shore single point buoy mooring system and pipeline through which crude is unloaded and brought to the refinery was […]
Oil Pipe
May 28, 2013 (LBO) – State-run Ceylon Petroleum Corporation is repairing an off-shore oil pipeline is expected to completed Tuesday allowing crude to be unloaded from a tanker that was standing by, Sri Lanka’s petroleum ministry said.CPC’s refinery was shut after a consignment of crude failed to arrive in time, but when a second tanker […]
Sri Lanka and China to negotiate free trade deal, expressway funding
May 28, 2013 (LBO) – Sri Lanka and China will negotiate a free trade deal and Chinese support has been pledged for a planned expressway to the north of the island following a state visit by President Rajapaksa to Beijing.During bilateral meetings, agreement had been reached to set up two committees that will work towards […]
Sri Lanka President promised more funding by China Exim Bank
May 28, 2013 (LBO) – Sri Lanka’s President Mahinda Rajapaksa had been promised more funding by head of the Export Import of Bank of China, Li Ruogu during talks in Beijing, his office in Colombo said. President Rajapaksa is on a four day visit to Beijing. The Exim Bank chief will extend support for road […]
Korea business delegation visiting Sri Lanka in June
May 27, 2013 (LBO) – A business delegation from Korea will be visiting Sri Lanka in June to meet partners in Sri Lanka, the Ceylon Chamber of Commerce said.The delegation is interested in meeting businesses in liquor, ship maintenance and conversion, steel, tourism, vehicle components, housing and construction, the chamber said. The delegation which will […]
Sri Lanka stocks close down 0.6 pct
May 27, 2013 (LBO) – Sri Lanka’s stock closed down 0.65 percent on Monday with profit taking by retail investors, brokers said. The benchmark Colombo All Share Index closed 42. 31 points lower at 6,446.54 and the S&P SL 20 Index closed down 24.13 points at 3,641.91 down 0.06 percent. Turnover was 696 million rupees, […]
Aftermath
May 27, 2013 (LBO) – Sri Lanka Ports Authority said operations at Colombo Port are as usual following a fire in the early hours of May 24.SLPA is looking at compensating customers whose cargo was damaged, the SLPA said. “At present, all operations at SLPA and the Port of Colombo are carried out as usual […]