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‘s IPO draws Rs 25.7Bn worth applications
The WindForce Limited Initial Public Offering (IPO) of Rs.3.2 Bn, the largest IPO announced at the Colombo Stock Exchange (CSE) since 2011, has attracted applications amounting to a value of Rs 25.7 Bn, demonstrating the strong appetite for IPOs among investors in the Sri Lankan stock market. The company’s IPO for 202,615,341 shares at an […]
‘s first co-working space dedicated to mindfulness at work
Sri Lanka’s first coworking space dedicated to mindfulness at work, HomeTree Coworking, aims to re-invent pre-pandemic work culture by focusing on consciousness, community and co-creation in the new normal. Elaborating on HomeTree’s mantra for 2021, founder Semal Luthra noted that their vision was to re-invent how people work, create and connect in a post-pandemic world. […]
Statement by Pyramid Wilmar (Pvt) Ltd on imported coconut oil with high levels of Aflatoxin
The Management of Pyramid Wilmar (Private) Limited (“Pyramid Wilmar”) wishes to make the following statement in response to recent media and social reports on imported coconut oil with high levels of Aflatoxin: Pyramid Wilmar is an organization that engages in ethical business, following good governance and best practices which form the core of its existence […]
HOPE Consortium and leading experts pledge to close the global immunisation gap
Abu Dhabi’s HOPE Consortium and world-leading experts marked the end of The World Immunisation & Logistics Summittoday by pledging to close the global immunisation gap. Through a series of key discussions with global healthcare professionals, philanthropists, decision makers and senior government officials, the consensus was formed that innovation, ingenuity and inclusiveness are key to finding […]
Motherஸ்ரீ ලංකා celebrates 12 years of supporting local entrepreneurship
The Motherஸ்ரீ ලංකා (MSL) movement was started in 2008 by the Mother Sri Lanka Trust and its dynamic Chairperson Dr. Janaki Kuruppu and is a non-profit, independent charity using a unique operational model of private funding, public sector infrastructure and managed by a group of patriotic, dedicated passionate individuals from the public, private and non-profit […]
Fitch Ratings no longer provides ratings or analytical coverage of Ceat Kelani Holdings
The international credit rating agency, Fitch Ratings said that they no longer provide ratings or analytical coverage of Ceat Kelani Holdings. In a response to the publication of the private rating letter by Kelani Tyres PLC on 26 March 2021, the rating agency said that the previous rating was expired on 1 March 2021. Fitch […]
South Asian economies bounce back but face fragile recovery: World Bank
Prospects of an economic rebound in South Asia are firming up as growth is set to increase by 7.2 percent in 2021 and 4.4 percent in 2022, climbing from historic lows in 2020 and putting the region on a path to recovery. But growth is uneven and economic activity well below pre-COVID-19 estimates, as many […]
Vietnam to support investment and trade promotion in Sri Lanka
The newly appointed Ambassador of the Socialist Republic of Vietnam Ho Thi Thanh Truc to Sri Lanka presented her credentials to President Gotabaya Rajapaksa at the Presidential Palace yesterday (30). President Rajapaksa and the new Vietnamese Ambassador thereafter exchanged views on the current status of bilateral relations and the development of future cooperation between the […]
Sri Lanka – Korea Business Council hosts session on Post Covid Investment Opportunities
A dinner meeting was held by Sri Lanka – Korea Business Council of the Ceylon Chamber of Commerce on 25th March 2021 at Waters Edge. The Guest speaker was Dr. Nalaka Godahewa, State Minister of Urban Development, Coast Conservation, Waste Disposal & Community Cleanliness. The Minister spoke on new developments and investment opportunities in Urban […]
US-based Blackstone Group acquires 56.5-pct of Piramal Glass
US-based private equity major Blackstone Group has acquired a 56.5 percent stake of Piramal Glass Ceylon PLC. The acquisition price implies a total enterprise value of 13.9 billion rupees for the target company. Asia Securities Advisors (Pvt) Ltd. acted as the buy-side advisor and Asia Securities (Pvt) Ltd acted as the executing stockbroker to the […]