2015-11-23 News 

NUJ’s 109th birth anniversary marked in Colombo

52,433 Viewers The 109th birth anniversary of the late Deshamanya NU Jayawardena, first Sri Lankan Governor of the Central Bank, Senator and financier, was marked in Colombo yesterday.Photo shows his daughter Neiliya Perera paying her respects at Mr Jayawardena’s memorial located opposite his former residence at Cambridge Place, Colombo.He was the founder of the Mercantile Group of Companies that formed the Merc Bank Sri Lank, Sampath Bank and several investment portfolios.N.U. was born in the backwaters of Hambantota, studied at St. Servatius’ College, Matara and completed his secondary education at…

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11 News 

Singer to triple shares in issue

Singer Sri Lanka PLC which has a 140-year presence in Sri Lanka and has long been quoted on the Colombo Stock Exchange has announced that it is tripling the number of its shares in issue with a three for one subdivision of its shares without affecting the stated capital of the company now standing at Rs. 626.05 million.Consequent to the subdivision, the number of shares in issue will rise from the present (approx.) 125.2 million to 375.6 (approx.) million, the company announced in a Stock Exchange filing last week.The subdivision…

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11 News 

Galle Face Hotel Hosts United States Congress Representatives

South Asia’s leading Grande Dame, the Galle Face Hotel is one of Colombo’s most iconic institutions. For over 150 years, the landmark hotel has set the bar for luxury accommodations and is the preferred choice for guests. Recently, the hotel was host to a group of United States Congress Representatives who were in Sri Lanka to visit President Maithripala Sirisena, and promote strengthened democratic institutions.The iconic hotel has a long-standing history of hosting prominent guests, counting among them Sir Arthur C. Clarke, John D. Rockefeller, Carrie Fisher and Indira Gandhi…

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Commercial banks preserving cash by paying scrip dividends

20,169 Viewers Several commercial banks quoted on the Colombo Stock Exchange have announced scrip dividends – where shares are issued in lieu of cash – in addition to cash dividends on their 2016 results as a means of preserving some of the available cash in their books and also looking after their shareholders.”This way if a shareholder wants the cash, he has the option of raising those funds by selling off the free shares he has got by way of the scrip dividend,” an analyst explained. “Otherwise he can keep…

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52 News 

B P P L Holdings announces Rs. 368 mn IPO

27,091 Viewers One of the largest backwardly integrated brushware manufacturing facilities in South-East Asia, B P P L Holdings Limited (BPPL) is set to raise Rs. 368,220,000 through an Initial Public Offering (IPO) of 30,685,000 shares priced at Rs. 12.00 per Share representing a 10% stake in the company. At the Issue price, market capitalization is Rs. 3.7 Bn.The Offer will be a sell down of shares from Hirdaramani Investment Holdings (Pvt) limited who will lower its ownership in BPPL to 13.4% from 23.4%. Infinity Capital (Pvt) Limited and LOLC…

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71 News 

Delmege HiruKahata and Breeze BOPF make waves

86,872 Viewers Delmege ‘HiruKahata’ and Breeze BOPF teas, the latest products from the consumer cluster of the Delmege group were launched recently with a fascinating and unique curtain raising event.The official launch of the HiruKahata and Breeze BOPF was held recently in front of the Colombo Fort Railway Station as an innovative activation event where the general public was given the opportunity to experience the rich taste and the aroma of the two products.Handpicked tea leaves of the finest quality from the tea gardens of Dimbula region go in to…

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2(1) News 

Nestlé Lanka delivers revenue of Rs. 36.5 b. with growth of 5.1% in 2016

23,531 Viewers Nestlé Lanka’s Managing Director, Shivani Hegde stated: “2016 has witnessed a very challenging business environment. Our steady progress and the external recognitions are a testament to the trust consumers place in our products, and the skills of our people. We continue to invest in strengthening our brands, training our people, increasing manufacturing capacities, and enhancing the quality of life of the people of Sri Lanka.” Sales grew by 5.1% to Rs. 36.5 billion, with profit after tax of Rs 4.4 billion for the full year ending 31 December…

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11(3) News 

Global Lifts & Escalator Expo 2017 inaugurated at SLECC

72,022 Viewers Internationally acclaimed GLOBAL LIFT AND ESCALATOR EXPO (GLE EXPO), was successfully inaugurated on February 22nd at the Sri Lanka Exhibition & Convention Center, Colombo.This Expo will help showcase Elevator and Escalator, components and accessories manufacturers. This will be a one-stop shop both for learning about the industry and global opportunities, as well as showcasing their own prowess.The highlight of the GLE Expo will be the series of seminars and panel discussions organized by CTBUH India & Sri Lanka Chapter, and TAK Consulting India, on subjects that concern the…

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EFC’s ICT Training Centre trains visually impaired in internet surfing

44,664 Viewers An extension of the ‘Beyond the Reach’ initiative implemented by the Sri Lanka Chapter of the Internet Society together with The Employers’ Federation of Ceylon’s (EFC) Network on Disability, ‘Surfing the Internet’ project, geared to equip vision impaired persons with internet surfing literacy, was inaugurated at the EFC auditorium recently. The five-day residential programme was conducted by the Head of ICT Training, EFC, Manique Gunaratne at EFC’s recently upgraded ICT Training Centre for Persons with Disabilities.A group of 15 vision impaired persons including university undergraduates and a few…

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11(2) News 

Michael Koest, MD and CEO, CTC to address CIM SL

46,299 Viewers The Chartered Institute of Marketing (CIM) Sri Lanka will be hosting its first CIM CEO’s Breakfast Forum for this year onMarch 01st at the Union Ballroom, Hilton Colombo Residences from 7.30 am onwards.It will bring together top Business leaders, CEOs, CIM Fellow Members and Senior Corporate Executives and is organized with the objective of highlighting emerging themes in marketing /business and discuss best practices to support strategic decisions for the future. This forum will be a platform for participants to share and exchange key insights which would help…

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