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Category: Colombo Stoke Exchange [CSE] Today

  • Commercial Bank begins renovation of Sri Pada steps – as CSR Activity

    The Commercial Bank has begun work on renovating two sections of the steps to the summit of Sri Pada for the benefit of thousands of pilgrims who make the trek up Sri Lanka’s holy mountain. The Bank’s CSR Trust has allocated substantial funds for the project, which entails repairs to the steps between lamp posts…

  • John Keells Hotels looking forward to starts up a Hotel in Nuwara Eliya

    John Keells Hotels is currently looking forward an options of opening a property in Nuwara Eliya. It was pointed out that they were looking for expansion into the hills with a hotel project but there were no more details has been released. The hotels sector of the Keells group has no presence at present in…

  • Is Cargills Beer going out from Beer Business

    In December 2011, Chairmen of Cargills Group made a speech in Srilanka Foundation, that the company is looking to the businesses of Banking and the Breweries. and he  stated that he liked more to diversified their businesses according to the consumer needs and he do explained about the success of Cargills Foodcity and the theme name of…

  • Central Bank of Sri Lanka Licensed Commercial Banks, Special Banks and Finance Company – Name List attached

    The Central Bank is authorized to regulate and supervise the below named institutions in order to promote prudence in their business operations and thereby safeguard the deposits of the public. However, the Central Bank does not have legal authority to guarantee deposits or assure that any such institution will never fail. The Central Bank has…

  • Micro IPO for Rs 1.5Billion

    Sri Lanka’s only car manufacture, Micro Care Limited is to float at an Initial Public Offering to raise Rs. 1.5 billion. This is to raise funds for their proposed car assembly factory which is being built at Hambantota. “We have obtained all the necessary approvals to launch this IPO, said Chairman CEO, Micro Cars, Dr.…

  • Nawaloka to open first regional hospital in Negombo

    Nawaloka Hospitals PLC is to open its first regional hospital in Negombo next month, in a bid to expand its healthcare operations regionally, According to Nawaloka Hospitals Director/General Manager a 50-bed hospital will be equipped with all diagnostic facilities, a fully equipped ambulance service, a labour room, a 24-hour pharmacy, patients rooms and ample parking…

  • Shangri-La Increases Investment to US$ 450 Million

    The Shangri-La hotel chain, which will be initiating Sri Lanka’s first seven star hotel, has revised its plan of construction and has decided to increase their investment to US $450 million, excluding the cost of the land and along with an increase of rooms from the initial 500 to 625. The hotel is to be…

  • Central Bank Profits Decline in 2013

    The Central Bank (CB) has lost Rs.24.2 billion in 2013. Down from profits of Rs.66.2 billion in 2012. But the bank had transferred 25 billion rupees by way of profits to the state budget. Central Bank Governor Nivard Cabraal said yesterday Other than interest income from its forex assets, the CB primarily makes profits from…

  • Sri Lanka Development Bonds issue on

    The Central Bank on behalf of the Government will issue Sri Lanka Development Bonds (SLDBs) of US Dollars 60 million in 3 year tenors to eligible investors for subscription at a rate of US Dollar 6 month LIBOR plus a margin to be determined through competitive bidding. The offer was opened from March 3 for…

  • Cargills Bank Ready to operate – Get green light from island Bank Regulator

    Sri Lanka’ Cargills (Ceylon) PLC has been given the go ahead to start its own Bank by the Island’s banking regulator, a stock market disclosure by the firm announced. Cargill’s Bank Limited has been given the license to start commercial operations starting from the January 21, 2014. The entry’ of Cargills Bank has been on…