Launching of 100 MW Renewable Energy Projects

Ministry of Power & Energy launched of 100 MW renewable energy projects on 10th July 2015,

In line with the Energy Sector Development Plan 2015-2025 of the Ministry of Power & Energy, action has been taken to increase new Renewable Energy projects. The plan will guide the nation to develop its entire renewable potential while optimizing energy supply through exploration, facilitation, R&D and knowledge management.

To start off this initiative, the Ministry plans to start 100 MW of renewable energy comprising of mini-hydro, dendro, solar thermal, solar power and biomass.

Milestone Target:

  • Increase the share of electricity generation from renewable energy sources upto 20% by 2020.
  • Achieving the target of meeting the total energy demand from renewable energy sources and other indigenous energy sources by 2030

For more detail about the combination of power sources and see below image

Launching of 100 MW Renewable Energy Projects
Launching of 100 MW Renewable Energy Projects

Ministry of Plantation Industries – Certified Price for Raw Rubber

Rubber Development Department of Ministry of Plantation Industries Convenient way to obtain the certified Price of Rs. 350 paid to you for a Kilogram of Raw Rubber from 1st of July 2015.

You have to fulfill the following requirement for that

  • Possessing rubber cultivation with latex crop of less than 50 acres registered with Rubber Development Department, But,
    • The person who enjoys the rights of the land though he is not the registered owner but a dependent of his or a person to whom the rights have been entrusted.
    • The person who harvests latex in such a manner the harvest is divided.

Can receive the relevant certified price upon obtaining the ownership certificate given by the Rubber Development Department.

  • Steps should be taken to obtain an ownership certificate after registering with the Rubber Development Officer of the area where your land is situated for obtaining the certified price.
  • Should sell the sheet rubber, raw rubber or latex directly to a licensed rubber dealer or to an institution that produces rubber finished products registered with the Rubber Development Department.
  • Should produce the ownership certificate issued to you to the rubber dealer when selling rubber as stated above.

 

You can receive the following certified prices at the time of selling rubber for a kilogram of smoked sheet rubber or latex.

Kind of Rubber Certified Price
RSS 1 and 2 Rs. 350
RSS 3 Rs. 325
RSS 4 and 5 Rs. 300
Latex Rs. 300

 

Please call the Rubber Development Officer or the relevant Regional Office of your area for further details.

This certified price can be obtained only for rubber sold after 01.07.2015 and for the rubber sold prior to that date Regional Office of the Rubber Development Department will pay as per the earlier method. Bills for payment for the rubber supplied earlier will be received by the Regional Offices of the Rubber Development Department only up to 10.07.2015 and the bills submitted thereafter will not be paid.

For more detail see below image

Ministry of Plantation Industries – Certified Price for Raw Rubber
Ministry of Plantation Industries – Certified Price for Raw Rubber

National Botanical Gardens earns record revenue

The Department of National Botanical Gardens recorded a revenue of Rs. 200 million from foreign and local tourists within the last six months. Nearly 935,000 local and 180,000 foreign tourists had visited the Botanical Gardens maintained by the Department at Peradeniya, Hakgala, Gampaha, Avissawella and Hambantota.

Foreign Currency Exchange ATM now at Sampath Bank Galle Super Branch

Sampath Bank’s newest Foreign Currency Exchange ATM serves you in Galle 24 hours a day 365 days of the year with the best rates for your American Dollars and Euros. Apart from the ability to convert foreign currency to rupees this new ATM is also capable of serving you with all other standard features and services of an ATM.

No. 05, Wakwella Road, Galle

Foreign Currency Exchange ATM now at Sampath Bank Galle Super Branch
Foreign Currency Exchange ATM now at Sampath Bank Galle Super Branch

Asiri Surgical Hospital PLC announces Dividend for 2014/2015

Asiri Surgical Hospital PLC announce to Colombo Stock Exchange that the company is proposed to offer Dividend for financial year of 2014/2015

  • Company ID: – AMSL
  • Date of Announcement: – 09.Mar.2015
  • Dividend per Share: – Rs. 0.40 per share / Interim Dividend
  • Financial Year: – 2014/2015
  • XD: – 18.Mar.2015
  • Payment: – 25.Mar.2015
  • Share Transfer Book Open

For more details visit www.cse.lk

Asiri Hospital Holdings PLC announces Dividend for 2014/2015

Asiri Hospital Holdings PLC announce to Colombo Stock Exchange that the company is proposed to offer Dividend for financial Year of 2014/2015

  • Company ID: – ASIR
  • Date of Announcement: – 09.Mar.2015
  • Dividend per Share: – Rs. 0.50 per share (Rs. 0.33 is tax free – i.e. paid out of dividends received) / Interim Dividend
  • Financial Year: – 2014/2015
  • XD: – 18.Mar.2015
  • Payment: – 27.Mar.2015
  • Share Transfer Book Open

For more details visit www.cse.lk

Trans Asia Hotels PLC announces Dividend for 2014

Trans Asia Hotels PLC announce to Colombo Stock Exchange that the company is proposed to offer Dividend for 2014

  • Company ID: – TRAN
  • Date of Announcement: – 09.Mar.2015
  • Dividend per Share: – Rs. 1.50 per share / Interim Dividend
  • Financial Year: – 2014/2015
  • XD: – 18.Mar.2015
  • Payment: – 27.Mar.2015
  • Share Transfer Book Open

For more details visit www.cse.lk

Sanasa Development Bank PLC announces Cash and Scrip Dividend for 2014

Cash Dividend

  • Date of Announcement:- 10.Mar.2015
  • Rate of Dividend: – Rs. 2.50 per share (Subject to Dividend Tax of 10%) / Final Dividend
  • Financial Year: – 2014
  • Shareholder Approval: – Required
  • Dates to be notified

 

Scrip Dividend

  • Date of Announcement: – 10.Mar.2015
  • Proportion: – One (01) share for every 15.080 existing shares held
  • Qty Offered: – 2,504,177
  • Financial Year: – 2014
  • Shareholder Approval: – Required
  • Share Transfer Book Open
  • Dates to be notified

For more details visit www.cse.lk

Lanka Aluminium Industries PLC announces Dividend for 2014/2015

Lanka Aluminium Industries PLC announces Dividend for 2014/2015 at Colombo Stock Exchange last week,

  • Company ID: – LALU
  • Date of Announcement: – 10.Mar.2015
  • Dividend per Share: – Rs. 1.50 per share / Interim Dividend
  • Financial Year: – 2014/2015
  • XD: – 19.Mar.2015
  • Payment: – 30.Mar.2015
  • Share Transfer Book Open

For more details visit www.cse.lk

 

Commercial Bank of Ceylon PLC announces a Cash Dividend and Scrip Dividend

Commercial Bank of Ceylon PLC announces a Cash Dividend and Scrip Dividend to Colombo stock exchange on last week,

Cash Dividend

  • Date of Initial Announcement:- 23.Feb.2015
  • Rate of Dividend:- Rs.2.00 per share (Voting & Non-voting) / Final Dividend
  • Financial Year: – 2014
  • Shareholder Approval: – Required
  • AGM:- 31.Mar.2015
  • XD:- 01.Apr.2015
  • Payment: – 10.Apr.2015
  • Share Transfer Book Open

 

Scrip Dividend

  • Date of Initial Announcement: – 23.Feb.2015
  • Proportion: – Voting – One (01) share for 99.888889 shares
  • Non-voting – One (01) share for 77.222222 shares
  • Qty Offered: – Voting – 8,114,083
  • Non-voting – 719,740
  • Financial Year: – 2014
  • Shareholder Approval: – Required
  • AGM:- 31.Mar.2015
  • XD:-01.Apr.2015
  • Share Transfer Book Open

For more details visit www.cse.lk

Overseas Realty (Ceylon) PLC announces Dividend for 2014

Overseas Realty (Ceylon) PLC announces Dividend for 2014 in Colombo Stock Exchange on 11th March 2015.

  • Company ID: – OSEA
  • Date of Announcement: – 11.Mar.2015
  • Dividend per Share: – Rs. 0.50 per share / Second Final Dividend
  • Financial Year: – 2014
  • Shareholder Approval: – Required
  • AGM: – 06.May.2015
  • XD: – 07.May.2015
  • Payment: – 15.May.2015
  • Share Transfer Book Open

For more details visit www.cse.lk

Asian Hotels and Properties PLC announces Dividend for 2014/2015

Asian Hotels and Properties PLC announces Dividend for 2014/2015 at Colombo Stock Exchange on March 11, 2015.

  • Company ID: – AHPL
  • Date of Announcement: – 11.Mar.2015
  • Dividend per Share: – Rs. 1.00 per share / Interim Dividend
  • Financial Year: – 2014/2015
  • XD: – 20.Mar.2015
  • Payment: – 31.Mar.2015
  • Share Transfer Book Open

For more details visit www.cse.lk

Hemas Holdings announces Rights Issue of 1 for 9

Hemas Holdings PLC announces their Right issues to Colombo Stock Exchange last week,

  • Company ID: – HHL
  • Date of Initial Announcement: – 20.Feb.2015
  • Proportion: – One (01) new ordinary share for every Nine (09) existing ordinary shares held
  • Issue Price: – Rs. 72 /-
  • Qty Offered: – 57,254,513
  • General Meeting / Provisional Allotment: – 10.Apr.2015
  • Date EX: – 15.Apr.2015
  • Dispatch of Provisional Letter of Allotment: – 21.Apr.2015
  • Trading Commences on: – 27.Apr.2015
  • Renunciation: – 06.May.2015
  • Last Date of Acceptance & Payment: – 07.May.2015
  • Share Transfer Book Open

For more details visit www.cse.lk

Amana- Candor Shariah Balanced Fund – Annual Dividend for Year end 2014

Candor Asset Management (Private) Limited announces a dividend of Rs. 1.00 per unit to the Unit Holders of Amana – Candor Shariah Balanced Fund whose names appear in the unit holder register as at 10th March 201 5.

Candor Asset Management (Private) Limited and the Shariah Supervisory Council of Amana Capital Limited hereby inform all Unit Holders of Amana – Candor Shariah Balanced Fund that the declared dividend of Rs. 1.00 per unit has been purified for non Shariah compliant income.

The following disclosure is made in respect of this dividend distribution

Dividend per unit Rs. 1.00
Net Asset Value per unit before the dividend Rs. 1.74/-
Net Asset Value per unit after the dividend Rs. 10.74
Dividend declaration date 10th March 2015
XD date: 11th March 2015
Payment date: 11th March 2015

 

For more details see below image for more details or contact to Candor Asset Management (Pvt) Ltd

Level 8, South Wing Millennium House, 46/58, Nawam Mawalha, Colombo 02

Tel: 011 2359 100

Amana- Candor Shariah Balanced Fund – Annual Dividend for Year end 2014
Amana- Candor Shariah Balanced Fund – Annual Dividend for Year end 2014

Ratmalana Airport to be used for more civilian transportation related to tourism

The government has drawn attention to utilize Ratmalana airport for inland civil passenger transportation. Ports Shipping and Aviation Minister Aijuna Ranatunga said.

The government will look into possibilities to carry out inland passenger transportation from Ratmalana airport as far as such activities do not affect the national security, Under this, flights will be operated to inland destinations such as the North and East. South and a few other tourist destinations.

Aviation authority has already discussed to conduct flights to tourist destinations with inland tour and airline operators. However, priority will definitely be given to the national security since it is above all other activities.

Work on Colombo-Kandy highway to start soon

Construction work on the Colombo-Kandy highway will begin immediately, Road Development, Higher Education and Investment Promotion Minister Kabir Hashim who was speaking in Parliament informed that government would start construction work on the Colombo-Kandy highway soon.

The Minister said the matara-Beliatta-Hantantota stretch of the Southern Highway will also begin soon after negotiations with the contractors He said the government believed that it would be possible to reduce the costs involved in the contract by 30 percent.

Referring to the Northern Highway he said the construction of the road had to be suspended as the work on the project was to begin without awarding contracts in a transparent manner.

Bank of Ceylon Branch to be open in Bangalore in India

Bank of Ceylon is planning to open their second overseas branch in India this year. This will be in Bangalore. The Bank also opened a branch in Seychelles last year. In addition to the local presence, the bank maintains an off-shore banking units in Male, London and Chennai.

Senior banker and BOC General Manager, D M Gunasekara said that overseas branches are highly profitable. The Male branch has gave us a Rs. one billion profit while the Chennai branch which was in existent for over 10 years made a profit in the excess of Rs. 500 million.

Locally the bank has a network of 618 branches, and 534 automated teller machines (ATMs).

Government to develop a new national policy for tourism industry

Plans are under way to prepare a new national policy for the tourism industry in Sri Lanka, Tourism and Sports Minister Navin Dissanayake said.

Dissanayake said it has been decided to introduce a three year strategic plan related to the new national policy on tourism.

We decided to introduce a new national policy for the tourism industry with the aim of developing the Sri Lankan economy and living standards of the people. We hope to obtain the assistance of all for the success of this. And he said arrangements are being made to launch a special program to grant benefits for people in villages in line with the new policy. Creating new employment opportunities for Sri Lankan youth and making more spaces for village level persons to increase their earnings are the main objectives of this new national policy which is to be introduced to the Sri Lankan tourism industry.

Indian Government will build 4000 houses for plantation workers

The construction of 4,000 housing units for needy families in the Plantation Sector, sponsored by the Indian Government, is slated to begin in March, Estate Infrastructure Development Minister P. Digambaram said.

The minister said the construction of the houses for estate workers in the Central Province and Badulla district will be flagged off next month possibly by Indian Prime Minister Narendra Modi himself during a likely official visit to Sri Lanka.

The 4,000 houses is part of a 50,000 housing project implemented by the Indian Government for the former conflict affected people in the North and East Provinces and needy families working in the estate sector in the Central Province and Badulla district. With a commitment of over US$ 270 million in grants, it is the flagship project of India’s developmental assistance to Sri Lanka. It is perhaps the largest such project undertaken by India anywhere in the world.

Minister Digambaram said around 35,000 houses in the North and East under this project has been already constructed, it was yet to get off ground in the estate sector. The minister also said the delay in implementing the project in the plantation areas was partly due to the inefficiency of the political authority who earlier held sway in the upcountry plantation areas.

The minister said soon after he had assumed office, he had taken steps to hold talks with the relevant officials to speed up the building of houses for needy people in the estate sector.

He said choosing housing recipients will be done in a very transparent manner which ensures that there are no discrimination due to political or other factors.

Central Bank News Alerts on mobile for Dialog Customers

If you’re a dialog customer Type “REG CBSL” Send to 77000 to subscribe to the SMS news Alerts on the Daily Exchange Rates, Sri Lanka Interbank Offered Rates, Open Market Operations, Treasury Bill and Treasury Bond auction, Inflation and Monetary Policy Review issued by the Central Bank of Sri Lanka. Charges: Monthly 30 Rs +Tax

New Board of Directors for the Lanka Hospitals Corporation PLC

Lanka Hospitals Corporation PLC announces their new Directors appointed to the Board of The Lanka Hospitals Corporation PLC, effective from 3rd March 2015.

  • Sarath Paranavitane as an Independent Non Executive Director and the Chairman of the Company
  • Damien Fernando as an Independent Non Executive Director
  • Dilani Lokuhetty as an Independent Non Executive Director
  • Rohan L Wijesundera as an Independent Non Executive Director

Malaysia Keen on Bidding for Northern Highway of Sri Lanka on Build Operate & Transfer Basis

Dato’ Seri S. Samy Vellu who is the Senior-Ministerial ranked Malaysia’s Special Envoy of Infrastructure for India and South Asia attached to the Prime Minister’s Office  have stated that Malaysia is willing  to bidding for the Northern Highway on a Build Operate & Transfer (BOT) basis. We want to do a good job if we get it. Even on the 1,100 Km Kuala Lumpur highway there were only a few vehicles at first but now a million vehicles are passing through every day.

Central Bank of Sri Lanka waiting for right time to rise up to US $1.5billion bond

Sri Lanka Central Bank Governor Arjuna Mahendran said to news that the Sri Lanka is waiting for the right time to launch a sovereign bond of up to US $1.5 billion, possibly with a longer tenure to roll over its debts in 2015.

The island nation’s last sovereign bond of US $500 million was priced at a yield of 5.125 percent in April 2014. And Now that inflation is coming down, I see no reason why we won’t get a better rate of interest, Mahendran told media.

Governor stated that we want to wait for an opportune moment. When that volatility decreases then we will be able to get the best possible rate for our borrowing and we will definitely go for a longer tenure, may be even a 20-year or 30-year is something to look for. We don’t want to increase the interest rate burden of the country.

News

Thousand public locations to get free Wi-Fi in Sri Lanka

The Information and Communications Technology Agency (ICTA), which implements the government’s ICT policies, will be launching the ‘Free Wi-Fi’ project in partnership with all telecommunication operators, in the coming months, to let citizens have further accessibility to information and participate in e-governance.

Thousand public locations will get Wi-Fi free of charge. This has been finalized. It is not a plan or a promise, because some said it is not economically possible or it was a ploy to get young votes,” Foreign Affairs Deputy Minister Ajith Perera stated to Media.

He noted that access to information is no longer a luxury but a critical need, similar to access to water, electricity and telephones used by youngsters in rural villages up to top corporate. This will open up new employment opportunities and new markets may appear.

The access points would be fixed at locations of importance, such as universities, public parks, libraries and highly frequented railway stations and bus stops.

We are going to implement at 250 locations within the 100-day programme and the rest to follow within two to three months. But our dreams go beyond these 1,000. We want free Wi-Fi to be available everywhere in the country.

DM News

Hayleys PLC debentures Allotments

Hayleys PLC announces to Colombo Stock Exchange that the Board of Directors of Hayleys PLC has decided to allot the subject Debentures on the following basis in respect of all valid applications:

Number of Debentures Applied Basis of Allotment
Type A
Applications up to and including 2,000,000 Debentures (i.e. up to and including LKR 200,000,000/-) 100% of the Debentures applied
Applications over 2,000,000 Debentures (i.e. over LKR 200,000,000/-) 2,000,000 Debentures pluss 43.92% of the Debentures applied over and above 2,000,000 Debentures rounded to the nearest 100 Debentures
Type B 100% of the Debentures applied

Renuka Agri Foods PLC Invest Rs. 609 Million on Renuka Organics (Pvt) Ltd

Renuka Agri Foods PLC  inform to Colombo Stock Exchange that the company has invested in 4,350,000 Ordinary Shares of its fully owned Subsidiary Renuka Organics (Pvt) Ltd of No. 69, Sri Jinaratana Road, Colombo 2, at Rs 140/= per share to a value of Rs 609,000,000/= on 27th February 2015. Renuka Organics (Pvt) Ltd is engaged in manufacturing and marketing certified organic agriculture products. Its subsidiary is engaged in plantations. The company will invest in plantations and other vertical integration projects to improve the supply chain.

Colombo Stock Exchange open its Social Media engagement in Face book and Linked in

The Colombo Stock Exchange (CSE) today announced the launch of Facebook and LinkedIn Pages to ensure greater engagement with stakeholders through social media channels, in its endeavour to broad base investment amongst the masses.

Facebook Link: https://www.facebook.com/cseonline2014

LinkedIn Link: http://www.linkedin.com/company/colombo-stock-exchange

The Facebook Page intends on reaching retail investors and students who are eager to receive information on upcoming awareness programmes and informational snippets on investing in the Stock Market.

Correspondingly, the LinkedIn page seeks to engage professionals by providing them information on the Sri Lankan Capital Market; furthermore it is seen as a medium of attracting new talent to the industry.

These ventures into social media, follows the CSE’s launch of a twitter handle in 2014 and a Mobile Application in 2013, both of which have seen a resounding response from those eager for up-to-date market information. The Facebook and LinkedIn pages hope to provide a broader overview of the professional opportunities, educational and awareness programmes to be conducted by the CSE.

“It is vital that investment is broad-based and retail investors both within and outside of Colombo have the familiarity necessary to trade in shares. Social Media, especially Facebook, has a high rate of proliferation amongst the urban and rural demographics therefore this is an easily accessible method of reaching out to the masses,” Chairman of the CSE Mr. Vajira Kulatilaka said.

“We believe in attracting well trained and experienced personnel, in order to serve the interests of the Sri Lankan Capital Market and the industry as a whole. LinkedIn being a specialised medium for professionals is therefore an ideal avenue through which we are able to attract talent. Furthermore we see LinkedIn as a viable platform for keeping professional groups informed of the various educational activities we conduct,” CEO of the CSE Mr. Rajeeva Bandaranaike said.

The CSE hopes its social media and web presence will facilitate engagement between investors and the educational and informational functions of the CSE to ensure a vibrant retail market with well-educated investors.

Facebook Link: https://www.facebook.com/cseonline2014

LinkedIn Link: http://www.linkedin.com/company/colombo-stock-exchange

 

DFCC Vardhana Bank PLC Dividend Announcement

DFCC Vardhana Bank PLC announce their Dividend on 2nd March 2015 at Colombo Stock Exchange with below statement,

This is to inform you that the Board of Directors of DFCC Vardhana Bank PLC (the Bank) decided, at the Board meeting held on 27th February 2015, to propose a first and final dividend of Rs 0.90 (90 cents) per share on the ordinary shares of the Bank for approval of the shareholders at the AGM to be held on 29th April 2015. The details relating to the dividend proposed by the Board are given below:

Financial Year:   2014

Rate of Dividend: Rs. 0.90 per share / First and Final Dividend

Date of AGM:    29th April 2015

XD from:              30th April 2015

Payment:            8th May 2015

Share Transfer Book: Share Transfer Book will be kept open