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Grand finale of CA Sri Lanka 53rd Annual Report Awards Competition

2017-12-06 lankabusinessonline
Commercial Bank of Ceylon PLC won the coveted ‘Cyril Gardiner Memorial Trophy’ Gold Award for Overall Excellence in Annual Financial Reporting at the grand finale of the 53rd Annual Report Awards Competition organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka).

LVL Energy Fund announces Rs.1.2bn IPO to fund expansions

Leading energy company and a subsidiary of Lanka Ventures, the LVL Energy Fund, Limited officially announced a Rs.1.2 billion Initial Public Offering (IPO) yesterday to fund its strategic expansion and growth in the renewable energy sector.

Aitken Spence bags Best Corporate Citizen Sustainability Award 2017

2017-11-29 lankabusinessonline
Nov 29, 2017 (LBO) – Aitken Spence won the coveted ‘Best Corporate Citizen Sustainability Award 2017’ an annual event organized by the Ceylon Chamber of Commerce, the country’s premier business chamber to recognize sustainable champions of the local corporate world.

John Keells X Open Innovation Challenge winners enter 6 month accelerator programme

2017-11-27 lankabusinessonline
(PRESS RELEASE) – John Keells Holdings PLC announced the six winners of its second John Keells X Open Innovation Challenge at a Pitch Day recently. The winners advance to the JKX six month Accelerator Programme, which will allow them to tap into a wealth of JKH resources including seed funding, office space, access to support services such as legal, secretarial and finance, mentoring from the industry’s best and brightest, curated curriculum and the chance to pitch for and secure further funding for their business idea.

Thimal Perera appointed as new Deputy CEO of DFCC Bank

2017-08-16 lankabusinessonline
DFCC Bank PLC announced the appointment of Thimal Perera as the Bank’s new Deputy CEO, with effect from 16 August 2017.

Sri Lanka’s HNB offers 4.4 mnl shares to investors

2017-08-15 lankabusinessonline
Aug 15, 2017 (LBO) – Sri Lanka’s Hatton National Bank said it was offering 4.4 million shares, which were under subscribed earlier to potential investors.

Central Bank takes steps after HNB customer info leak

2017-07-24 lankabusinessonline
July 24, 2017 (LBO) – Sri Lanka’s Central Bank has conducted a preliminary investigation into a leakage of information of more than 4,000 customers of Hatton National Bank, and supervisory measures have been initiated, the central bank said.

10 Sri Lankan Finance Companies ratings affirmed : Fitch

2017-07-24 lankabusinessonline
July 24, 2017 (LBO) –  Fitch Ratings, a credit ratings agency, has affirmed the long-term issuer default ratings (IDRs) of ten local finance companies, a statement said.

SL Customs becomes fully automated with new online payment platform

Finance State Minister Eran Wickramaratne launching the SL Customs online payment platform. Others in the photo from left: LankaClear Chairman Anil Amarasuriya, SL Customs DG Chulananda Perera and Central Bank Governor Dr. Indrajit Coomaraswamy

HNB rights issue will boost capital, credit positive: Moody’s

2017-07-11 lankabusinessonline
July 11, 2017 (LBO) – Hatton National Bank’s rights issue will boost their capital buffer well above the Basel III requirements that took effect in Sri Lanka on 1 July, which is credit positive, Moody’s said in a analysis.

HNB Rights issue approved by shareholders at the EGM

2017-07-05 lankabusinessonline
(PRESS RELEASE) -The Extra Ordinary General Meeting(EGM) held by Hatton National Bank PLC with regard to the issuance of shares by way of a Rights Issue was successfully concluded yesterday.

John Keells to encourage innovators with Open Innovation Challenge

2017-05-02 lankabusinessonline
May 02, 2017 (LBO) – Sri Lanka’s blue chip John Keells Holdings plans to boost local creative and intellectual talent with the launch of its second John Keells X “Open Innovation Challenge 2017”

Sri Lanka’s HNB to strengthen balance sheet with rights issue

2017-04-28 lankabusinessonline
Apr 28, 2017 (LBO) – Sri Lanka’s Hatton National Bank is to issue up to 70,082,228 new ordinary shares by way of a rights issue, the company said in a stock exchange filing.

HNB, first Bank to make disbursements for Swashakthi million jobs program

2017-03-23 lankabusinessonline
The Hatton National Bank has disbursed 13 Loans under this program, refinanced by the CBSL, launched on an initiative of the Prime Minister.

Sri Lanka’s HNB cancels EGM to appoint new director

2017-03-17 lankabusinessonline
Mar 17, 2017 (LBO) – Hatton National Bank has said that a scheduled Extra-Ordinary General Meeting (EGM) for March 27, will not be held.