Hayleys PLC issue of 20,000,000 senior, unsecured, listed, redeemable, rated debentures of LKR 100/. Each

Hayleys PLC announced to Colombo Stock Exchange about their 20,000,000 senior, unsecured, listed, redeemable, rated debentures of LKR 1000/- Each details of payments received by way of Bank Guarantees, RTGS transfers, Bank Drafts and Cheques relating to the above prior to the rejection of applications:



Payments made by Bank Drafts and Cheques

  • For 100,300 debentures for Rs. 10,030,000/-
  • 04 Applications

Payments made by Bank Guarantees

  • 6,000,000 debentures for Rs.600,000,000/-
  • 02 Application



Payments made by Bank Drafts and Cheques

  • 21,300 debentures for Rs.2,130,000/-
  • 06 Applications

Payments made by Bank Guarantees

  • 8,000,000 debentures for Rs.800,000,000/-
  • 01 Application

Payments made by RTGS Transfers

  • 7,000,000 debentures for Rs.700,000,000/-
  • 02 Application


Marawila Resorts PLC Rights Issues for 122,500,000 Shares for 1:1

Marawila Resorts PLC announced to Colombo Stock Exchange that the Board of Directors of Marawila Resorts PLC at a meeting held this evening resolved to issue 122,500,000 Ordinary Shares at a price of Rs.3/- per share by way of a Rights Issue in the proportion of One (01) new Ordinary Share for every existing issued Ordinary Share, subject to approval by the Shareholders, Further the Board of Directors have resolved that, in their opinion, the consideration for which the shares to be issued is fair and reasonable to the entity and all existing shareholders.

The purpose of the issue is to settle the interest bearing borrowings of the Company,

The Stated Capital of the Company is Rs, 1,001,000,000/-,

The Rights Issue of Shares will not be underwritten.

Further, the Rights Issue is subject to the Exchange approving, in principle, the issue and listing of shares and obtaining Shareholder approval at an Extraordinary General Meeting

Browns Investments PLC Acquired fully (95%) of FLC Joint Venture Company (Pvt) Ltd

Browns Investments PLC announced to Colombo Stock Exchange that that Browns Investments PLC has acquired 50,000,000 shares of F L C Joint Venture Company (Pvt) Ltd, which is 50% of the stated capital of the Company, from Perpetual Holdings Limited on 03rd March 2015 for a consideration of a sum of Rs. 651,200,000/-.

FLC Joint Venture Company (Pvt) Ltd was a joint venture between Browns Investment PLC and a Perpetual Holdings Limited. FLC Joint Venture Company (Pvt) Ltd holds 747,600,000 shares amounting to 54.65% in FLC Holdings PLC.

Subsequent to the said acquisition Browns Investments PLC will be the sole shareholder of F L C Joint Venture Company (Pvt) Ltd,

Hemas Going for Right Issues of 57,254,513 ordinary shares (1:9)

Hemas Holding PLC announced to the Colombo Stock Exchange that the company is proposed to issue of 57,254,513 ordinary shares by way of a 1 for 9 rights Issue.

The statement stated “We wish to inform you that the Board of HHL has received a written statement from the major shareholders of HHL namely Messrs. A Z Holdings (Private) Limited, Messrs. Saraz Investments (Private) Limited, Messrs. Blueberry Investments (Private) Limited, Amagroup (Private) Limited, Mr. Murtaza Esufally, Mr. Husein Esufally Mr. Imtiaz Esufally and Mr. Abbas Esufally. The major shareholders, have informed HHL that they have received strong expressions of interest from reputed international institutional investors and domestic investors who want to become shareholders of the company or to increase their existing shareholding in the company, in order to accommodate this interest the major shareholders have decided not to subscribe for their rights, enabling these interested parties to become shareholders or increase their shareholding in HHL, with the objective of further broad basing the ownership of the Company and increasing the historically poor liquidity of the HHL share.

The major shareholders have assured the Board that they will remain fully committed to the ongoing success of HHL and that they consider this rights issue as an important step in expanding the capital base of the business and providing the funds for the growth plans of HHL


John Keells Holdings PLC Terminates Fitch Ratings for John Keells Holdings

John Keells Holdings PLC stated to the Colombo Stock Exchange that the Company has informed Fitch Ratings Lanka Limited (“Fitch”) that it wishes to terminate its Mandate with effect from 27 March 2015.

The Company believes that a local rating is not warranted at this juncture of time considering the Company’s current debt funding sources which are predominantly in foreign currency. However, if and when the need arises, the Company will consider obtaining an international credit rating.

First Capital Treasuries Limited Debenture Issue – Listed Today

Colombo Stock Exchange (CSE) announces that they were listed the First Capital Treasuries Limited Debenture Issue from today 3rd march 2015.

The debentures are Five Year Fixed Rate Debentures (9.50%) payable annually.

Bieco Link Carbons [Pvt) Ltd Becomes Adam Carbons (Pvt] Ltd

PCH Holding announce to CSE that the Bieco Link Carbons [Pvt) Ltd a fully owned subsidiary of PCH Holdings PLC is renamed and branded as “Adam Carbons (Pvt] Ltd” with effect from 18th February 2015.

Adam Carbons (Pvt) Ltd is a world-class manufacturer of granular and powdered activated carbon since 1989 and the only coconut shell activated carbon manufacturer in Sri Lanka, which is using both vertical and rotary kiln technologies, in steam activation process.

We submit herewith a copy of the certificate of incorporation issued by the Register General of Companies in terms of Section 8 (3) (b) of the Companies Act, No.7 of 2007, dated 18th February 2015 with the name duly changed.


USD 5 billion from IMF to pay off Chinese loans

The Sri Lankan government will approach global lenders including the World Hank and the International Monetary Fund (IMF) to borrow from them to the tune of US $ five billion to restructure expensive loans, obtained from China, by the previous regime for infrastructure development projects in the country.

According to Reuters, the Central Bank Governor has said that the country had borrowed more than US $ 6 billion, mainly from China, for a massive infrastructure drive under the Rajapaksa government at the end of a 26-year civil war which ended in May 2009.  The new government, under the leadership of Maithripala Sirisena has already ordered a review on all projects initiated by the previous government.

The new government claims that the Rajapaksa administration had to borrow money, on unfavourable terms and the Rajapaksa government agreed in respect of some public projects without following the proper tender procedures.

“We have to look at what options are available in the agreements and we should try and reduce the high borrowing cost, obviously with longer-term low cost borrowing,” Reuters had reported quoting Deputy Minister for Policy Planning and Economic Affairs Marsha de Silva.

Ramayanaya tour in Sri Lanka

The Ramayanaya trail will be re – launched by the Sri Lanka Convention Bureau together with SLTPB and Srilankan Airlines in the coming months. The 14 sites accessible out of identified 52 Sites will be heavily promoted through various itineraries and packages.

The traditions of the Ramayana form an integral part of the shared cultural heritage of India and Sri Lanka. Major part of the Ramayana Episode has taken part in Sri Lanka and therefore Sri Lanka has special significance in the Ramayana Epic where pilgrim tourism can be promoted from India.

The sites include the places where Sit ha Devi has travelled to, consisting of archaeological areas, caves, mountains and temples which are of immense interest to Hindus. Sita Eliya, Ravana Ella, Hakgala, Maligatenna, Roomasala, Sitawaka and Kelaniya are some of the prominent localities associated with the Ramayana traditions.

During the last few years, India became the primary tourist and MICE tourist generating market for Sri Lanka . To cater to Indian market, Sri Lanka Tourism structured many new tourism products. Facilities for Corporate meetings and Incentives were among them.


CCTV cameras in all buses in Sri Lanka (CTB and Private Buses)

The Transport Ministry is making arrangements to set up CCTV cameras in all private buses and Ceylon Transport Board (CTB) buses, Internal Transport Minister stated in news.

At present, the number of complaints received by the ministry and the CTB on inconveniences encountered by passengers inside buses are rapidly increasing. Violence against women, passengers not obtaining balance money, not offering seats to differently-abled persons, pregnant mothers and clergy, etc are some of the complaints.

The Transport Ministry will install CCTV cameras in buses to prevent passengers from encountering problems while using public transport, the minister added. CCTV cameras have been installed in about 1,000 buses and immediate steps will be taken to set them up in all CTB buses and private buses. Setting up CCTV cameras inside buses will support to identify inconveniences faced by passengers and to take action against bus operators, Transport Ministry sources explained

Rs. 212 Million fine on power pirates last year

The Ceylon Electricity Board (CRB) collected Rs. 212 million as fines from power pirates during raids conducted last year, Power and Energy Minister Patali Champika Ranawaka said.

The minister said 3,199 people were found guilty of power pirating CEB sources said some had altered electricity meters while Others had tapped power illegally.

Minister Ranawaka said the government has taken measures to provide electricity to 96 percent of the people considering access to power is a right of the masses. “Illegal power tapping causes damages to the CEB as well as to the national economy.” he said. Ministry officials requested the public to inform of power pirates on 2422259.


Colombo Stock Exchange Trade Summary – 26th February 2015

Colombo Stock Exchange (CSE) publish their trade summery for the 26th February 2015, see below key information of Colombo Stock Exchange Trade Summary, or click below link for details Colombo Stock Exchange Trade Summary published by Colombo Stock Exchange (CSE)

Price Indices Today Previous Day
All Share Price Index (ASPI) 7,317.44 7304.61
S&P Sri Lanka 20 Index 4,122.28 4,119.22
Turn over


Share Volume



Click Here to see details Colombo Stock Exchange Trade Summary of 25th February 2015



Senior Citizen Fixed Deposits new interest rates, Deposits Less than 1 Million 15% and Deposits Less than 2.5 Million 12% per Annum – Confirmed by Central bank of Sri Lanka

Central Bank of Sri Lanka has said that it had instructed all the banks to allow senior citizens who are over 60 years of age to avail them of the special interest scheme meant for them as announced in the interim budget of 2015, with effect from February 1, 2015.

Accordingly, senior citizens above the age of 60, who held fixed deposits not exceeding Rs.1 million in aggregate in all banks as at January 31, 2015, would be eligible for an interest rate of 15% per annum. Senior citizens who have reached the age of 60 after January 31, 2015 and hold fixed deposits not exceeding Rs.1 million will also be eligible for the same interest rate.

Senior citizens who opened fixed deposits of up to Rs.2.5 million prior to January 16, 2015, under the previous scheme, will be eligible for a 12%per annum interest rate

Free Wi-Fi access in Sri Lanka Railways Station for rail passengers

Railway passengers in Sri lanka would be able to enjoy free Wi-Fi facilities at some 100 selected railway stations in the country by April, the Railway Department said to news.

Under this programme Wi-Fi hotspots are due to be established in over 100 stations around the country with the support of Sri Lanka Telecom which is a leader in Telecommunication in Sri Lanka.

Railway Commercial Superintendent  stated to media that “We are going to begin this programme next week from the Fort Railway Station. By April, there will be almost 100 railway stations with free internet access which enables passengers to access internet via smart phones or tablets”. And the infrastructure facilities for the project are still being constructed by the Railway Department in the selected railway stations.

Another joint project was launched by SLT and Mobitel that has provided access to free Wi-Fi hotspots on Intercity Express trains for passengers. It was launched by SLT Chairman, Kumarasinghe Sirisena yesterday in the Jaffna Station

Hybrid vehicles Relief (No New tax for Hybrid vehicles till March 16) for those who Open LC

The Government has provided conditional relief to individuals who had opened Letters of Credit to import hybrid vehicles before the interim budget. Financial Ministry officials said they would not be charged new taxes until March 16.

The decision to provide relief to the individual importers of hybrid vehicles came after a series of discussions with the Finance Ministry. The relief will apply to those who have ordered hybrid vehicles below 2,500cc engine capacity.

Accordingly, individual importers will not be able to transfer the vehicle for four years from the date of registration. The vehicle should be registered under the importer’s name.

In the interim budget presented to parliament on January 29, those importing hybrid vehicles were required to pay additional taxes of more than Rs 600,000.

The move drew protests from individual vehicle importers and car sale owners. However, no relief has been provided to car dealers.


AIA Insurance Lanka PLC Scrip Dividend – 1:40 Ordinary Shares

CSE announced that the 749,370 ordinary voting shares were listed with effect from 9th February 2015, pursuant to a Scrip Dividend in the proportion of 1:40 ordinary voting shares.

Textured Jersey Lanka PLC going to acquire Ocean India (Pvt) Ltd and Quenby Lanka Prints (Pvt) Ltd

The Board of Directors of Textured Jersey Lanka PLC (‘TJL’) has decided to initiate an independent valuation and due diligence study for the purpose of looking at the feasibility of acquiring controlling stakes in Ocean India (Pvt) Ltd (‘Ocean India’) and Quenby Lanka Prints (Pvt) Ltd (‘Quenby Lanka’). This is in pursuance of TJL’s on-going regional expansion and capability enhancement strategy. The decision to proceed with the acquisitions will be subject to findings of the study and the ensuing negotiations between all parties concerned.

Brandix Lanka Limited a 30% equity holder in TJL also has equity stakes in both Ocean India and Quenby Lanka. In this context a board subcommittee consisting of the Chairman of TJL-Mr. Bill Lam, two Independent Directors, namely Mr. Amitha Gooneratne and Prof. Malik Ranasinghe, and the Managing Director- Sriyan de Silva Wijeyeratne, have been appointed to oversee the progress of the transaction. The independent valuation will be conducted by M/s Ernst and Young, Chartered Accountants. Upon the conclusion of the study, if an agreement between all parties is successfully reached, further details including consideration and payment method will be disclosed to the market. The completion of the transaction is also subject to approvals from the Board of Investment of Sri Lanka and the shareholders.

Ocean India is a Knit Fabric manufacturer based in Visakhapatnam, India. TJL currently has a technical services agreement with Ocean India that has allowed TJL’s management to familiarize itself with the operations of Ocean India since October 2013.

Quenby Lanka is a leading Fabric Printer based in Sri Lanka. Quenby Lanka is currently a strategic vendor to TJL and is located in the Seethawaka International Industrial Park in very close proximity to the TJL production facility. As a strategically located vendor, over the years Quenby Lanka has developed a strong working relationship with TJL.

Provided the decision is made to proceed with the two acquisitions, the strong working relationships already established, should help speed up the business integration process and potentially launch TJL to the next level of solution provision, innovation, and regional growth, thereby adding significant long-term value to its shareholders and reinforcing its leadership stature within the fabric industry.

IFC Completes Subscription of Shares in Cargills Foods Company (Privates Limited. Subsidiary of Cargills (Ceylon) PLC

The following announcement is made in accordance with Section 8.1 of the Listing Rules of the Colombo Stock Exchange By Cargills (Ceylon) PLC on 13th February 2015.

Further to the disclosure dated 25 August 2014, we wish to inform you that on 12 February 2015 International Finance Corporation (IFC) subscribed to an 8% stake in the share capital of Cargills Foods Company (Pvt.) Limited (CFC), wholly owned subsidiary of Cargills (Ceylon) PLC (CCP).

Having received IFC Board approval and Conditions for Subscription duly complete, IFC has invested a sum of LKR 2,550Mn (approximately US$ 20Mn) to subscribe for the allotted shares, endorsing a pre-money equity valuation of Rs.29,325Mn for the Group’s Retail business.

Cargills Foods Company (Pvt.) Limited carries out the Retail operations of the Cargills Group, made up of the Cargills Food City and Cargills Food City Express supermarket chains.


Employee Share Option Schemes for the Month of January, 2015 in Colombo Stock Exchange

The following voting shares were listed during the period 1st January 2015 to 31st January 2015 consequent to the exercising of options under employee share option schemes.

Name of Company No. of Shares Listed

Stated Capital as at 31st January 2015 (LKR.)

John Keells Holdings PLC 321,083 50,695,165,700.86
Hatton National Bank PLC 47,992 13,192,116,000.00
Commercial Bank of Ceylon PLC 85,414 21,470,389,138.41


New Chairman and Director General for Urban Development Authority

Change the Position of Chairman and Director General – Urban Development Authority We wish to inform you that the Chairman and Director General of this Authority have been resigned from their positions with effect from 13 January 2015 and details of newly appointed Chairman and Director General are as follows.


Position: Chairman
Name: Ranjit Michael Samual Fernando
Address: 7th Floor, Urban Development Authority, Sethsiripaya, Battaramulla
Contact Details 011 2873645 / chairs@uda.lk
Position: Director General
Name: Nayana Nadeesha Mawilmada
Address: 6th Floor, Urban Development Authority, Sethsiripaya, Battaramulla
Contact Details 011 2883301 / dg@uda.lk


Also, please note that the changes in the Board of Management of Urban Development Authority will be informed as soon as these appointments are made.


Dr. T. Senthilverl Left Vidullanka PLC

M&S Announces to CSE that Dr. T. Senthilverl has sold his 15.348% stake of Vidullanka PLC to Aberdeen Holdings (Pvt) Limited on 10th February 2015.

This sale has done at 73,251,835 Ordinary Shares at a Price of Rs. 6.00.

ECL Soft (Pvt) Ltd Jointed with E-Channeling PLC

Further to the previous announcement made on the 22nd day of January 2015, with reference to the amalgamation of ECL Soft (Pvt) Ltd with E-Chanr elling PLC in accordance with sec. 242(1) of the Companies Act No. 07 of 2007, it is hereby announced that the gazette notification pertaining to the said amalgamation was published on this day of 13tJl February 2015, in the government gazette, in accordance with sec. 242 (3) (a) of the Companies Act No. 07 of 2007.

Further, newspaper notices pertaining to such amalgamation were published in the Daily News, Dinamina and Thinakaran on the 27th day of January 1 015.


M.R Ramanan Acquire 10% of Millennium Housing Developers Plc

The Millennium Housing Developers Plc stated to Colombo Stock Exchange that M.R Ramanan Acquire 10% of Millennium Housing Developers Plc from the Nawaloka Construction Company PLC.

The purchases process was done for 13,468,132 Shares at a price of Rs 6.70 per share.

Is 15% interest rate for Senior Citizens’ Deposit is active in Sri Lanka? ( Highest Interest Rate Earnings in Sri Lanka at the Moment)

There were many confusion over 15% interest for senior citizens’ deposits, where the Sri Lanka Banks’ Association (SLBA) stated that they are going to meet the Deputy Governor, Ananda Silva on Monday to get few clarification about this scheme.

There are many Senior citizens are facing problem due to a less interest rate earning for their deposits which made them after their retirements. Therefore the past government has suggested to offer 12% per annum to Senior Citizens’ who deposits more than Rs. 2.5 Million (25 Lakhs), but the present government has increase the interest rates to 15% per annum and reduce the  minimum amount for senior citizens fixed deposits of Rs. 1 Million to deposits to obtain a higher interest rates.

Sri Lanka expectes to cross 2 million tourist arrivals in 2015: Sri Lanka Tourist Promotional Bureau Chairman

Respected marketer and business personality Rohantha Athukorala has been appointed as the Chairman of the Sri Lanka Tourist Promotional Bureau (SLTPB) by Sports and Tourism Minister Navin Dissanayake

Athukorala was the seventh Chairman of the Sri Lanka Export Development Board (EDB), the only Chairman to serve the EDB for over five years, and supported the industry in taking the export revenue from US $ 6 billion to US $ 11 billion in his tenure.

Athukorala commenting on the task ahead said, “Given the vibrancy of the private sector, the two million visitor arrivals can be achieved. We are targeting the UK market to generate a 190000 from the current 144,168, Germany to be 150,00 from current 102,977 whilst France to be 100,000 visitors from the current 78883, just to name a few. The economic instability in Russia is worrying given that almost 69,718 tourists were generated from this market but the rest of the world will so some catching up is our estimate.”


TV programme ‘Bachelor’ (French version) Shooting expected to be in Sri Lanka for Episode 9-10

The New Tourism and Sports Minister Navin Dissanayake has invited the leading French TV channel NT 1 from France to film and telecast the prime time TV programme ‘Bachelor’ (French version) in Sri Lanka in line with the global trend of marketing tourist destinations via film tourism.

Minister Navin Dissanayake voiced “The popular TV series Bachelor that will be aired in France will be filmed across the world and I am happy that we have been able to get Sri Lanka into the choice set.”

Episode 1-2 is to be filmed in Spain, 4-5 in Paris, 6-8 in the Alps and episode 9-10 in Sri Lanka. This is a big win for the country and we must pursue this strategy as a public-private partnership project as the beneficiaries must be the private sector Minister Naveen Dissanayake said.

The Chairman of the Sri Lanka Tourism Promotions Bureau Rohantha Athukorala commented “The programme Bachelor (French version) attracts a viewership of 1.3 million in France and as the minister mentioned it commands a prime time belt.

Colombo Stock Exchange Trade Summary – 10th February 2015

Colombo Stock Exchange (CSE) publish their trade summery for the 10th February 2015, see below key information of Colombo Stock Exchange Trade Summary, or click below link for details Colombo Stock Exchange Trade Summary published by Colombo Stock Exchange (CSE)

Price Indices Today Previous Day
All Share Price Index (ASPI) 7,304.70 7,198.44
S&P Sri Lanka 20 Index 4071.60 3,983.41
Turn over 3,282,028,910.60
Share Volume 232,486,217

Click Here to see details Colombo Stock Exchange Trade Summary of 9th February 2015

Queen Mary 2 Cruise arrive to Colombo Sri Lanka

RMS Queen Mary 2, the flagship of Cunard Line, arrived in Colombo on Friday, February 6, 2015. The vessel is on her world voyage 2015 and arrived in Colombo from the Port of Cochin in India. She left Colombo at 2000 Hrs towards her next port, Puket in Thailand.

With a length overall of 345 m (1132 feet) and a total of 17 decks, Queen Mary 2 is the largest, longest and most expensive North Atlantic liner ever built; a virtual city at sea.

She has a passenger capacity of 2,620 and 1,253 officers and crew on board. Built in Saint-Nazaire, France, the vessel was commissioned by Queen Elizabeth II in January 2004.  The facilities on board Queen Mary 2 include 15 restaurants and bars, five swimming pools, a casino, a ballroom, a theatre and the first planetarium at sea.

Queen Mary 2 has the Royal Mail Ship (RMS) title conferred on her, as a gesture to Cunard Line’s history by Royal Mail, when she entered service in 2004 on the Southampton to New York route.

Carnival UK commenced its vessel calls in Sri Lanka in 2012 after a lapse of many years. Since then, Queen Mary 2, Queen Elizabeth and Queen Victoria, have been calling in Colombo, on their world voyages.

Over a thousand passengers travelled on excursions to Kandy, Pinnawala and Ingiriya and on city tours. The ground tours were arranged by Exotic Holidays International.