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Company Overview and News
Top corporate leader and a close associate of Prime Minister Ranil Wickremesinghe, Dinesh Weerakkody is entrusted with the task of resurrecting the Sri Lanka Tourism Promotional Bureau (SLTPB), which is currently in the doldrums, Colombo Telegraph learns.
DFCC 55BC CBQS HNB
July 26, 2018 (LBO) – Moody’s Investors Service has affirmed the local currency deposit ratings of Bank of Ceylon (BOC), Hatton National Bank Ltd. (HNB) and Sampath Bank PLC at B1/NP.
July 22, 2018 (LBO) – Guardian Acuity Asset Management underlined its position as one of Sri Lanka’s leading unit trust management companies, winning the Gold and Silver awards for the Best Unit Trust Fund at the CFA Sri Lanka Capital Market Awards 2018, held in Colombo Tuesday 26th June 2018.
DFCC GUAR CARS HNB
From left: Softlogic Holdings PLC Corporate Finance and Treasury Head Hiran Perera, HNB PLC Deputy General Manager Corporate Banking Ruwan Manatunga, Softlogic Holdings PLC Chairman and Managing Director Ashok Pathirage, Sampath Bank PLC Senior Deputy General Manager Corporate Banking Shashi Jassim and Bank of Ceylon PLC Deputy General Manager Corporate Banking and Offshore Banking Russel Fonseka
Hatton National Bank as the Lead Arranger of the Syndicated Loan together with People’s Bank, DFCC and Bank of Ceylon signed off Loan Agreements to finance the setting up of Western Power Company’s waste to energy plant, the first of its kind in Sri Lanka. A subsidiary of Aitken Spence PLC, Western Power Company has scheduled the commission of the 10 Mega Watt facility by 2020, in Kerawalapitiya, Muthurajawela, that will consume all of Colombo Municipality’s solid garbage.
The Sri Lankan banks satisfy many of the key matrices such as growth, profits, efficiency and asset quality against most regional peers but the sector is in deep thirst for fresh capital as the banks brace for full implementation of BASEL III as early as in few months.
55BC CBQS HNB SAMP
The Colombo Stock Exchange (CSE) yesterday said investment flows from the Scandinavian region to Sri Lankan stocks have made a noteworthy improvement in recent years, where inward investments have grown by 39 percent per annum (CAGR) since 2013.
DIAL HHL HNB
We are dismayed to learn that your bank had punished two employees of Kilinochchi Branch for commemorating the deaths of their relatives and beloved ones. Anniversary commemoration of the dead has been an important part of the culture of the Tamils and Sinhalese for several centuries. In fact one of the oldest Tamil moral text Thirukural dated 3000 years back in stanzas 42 and 43 stated the importance of humans to perform their duty towards manes.
There are two reform proposals on the agenda, both of which are likely to be rejected and rightly so. The two proposals are the JVP’s 20th amendment and the government’s draft constitution. There are many reasons that rejection is likely. One is timing. The mass mood is for change, but not of Constitutional reform. The mood is one of regime change; of rejection of the government. The one thing that the people are sure of is that an exit ramp is coming up next year—that of the Presidential election.
May 15, 2018 (LBO) – Sri Lanka’s Hatton National Bank reported a first quarter profit after tax growth of 22.5 percent to 4.5 billion rupees, while the Group reported a PAT of 5 billion rupees which is a 24 percent growth from last year.
May 01, 2018 (LBO) – Dinesh Weerakkody has been appointed as the new Chairman of Hatton National Bank with effect from 26 May 2018.
Hatton National Bank PLC (HNB) was awarded as the ‘Best Retail Bank in Sri Lanka’ at the ‘Asian Banker’s International Excellence in Retail Financial Services 2018 awards ceremony, held in conjunction with the ‘Asian Banker Digital Finance Convention’ at the Westin Kuala Lumpur, Malaysia on 22nd of March. The achievement marked the tenth time that HNB has been bestowed with the award which is widely held as the most coveted benchmark of Retail Banking Excellence.
Fitch Ratings Lanka has affirmed Sri Lanka-based HNB Assurance PLC’s (HNBA) National Insurer Financial Strength (IFS) Rating and National Long-Term Rating of ‘A(lka)’. Fitch has also affirmed its 100% owned subsidiary HNB General Insurance Limited’s (HNBGI) National IFS Rating and National Long-Term Rating at ‘A(lka)’. The Outlook on the ratings is Stable.
2018-08-18 - Asif
Business overview Rennova Health, Inc. (together with its subsidiaries, “Rennova”, “we” or the “Company”) is a provider of an expanding group of health care services for healthcare providers, patients and individuals. Beginning in 2018, the Company intends to focus on and operate two synergistic divisions: 1) Clinical diagnostics through its clinical laboratories; and 2) Hospital operations through its Big South Fork Medical Center, which opened on August 8, 2017, and a hospital in Jamestown Tennessee, including a doctor’s practice, the assets of which the company expect to acquire in the second quarter of 2018, pursuant to the terms of a definitive asset purchase agreement that the company entered into on January 31, 2018, as more fully discussed below. The company believe that its approach will produce a more sustainable business model and the capture of multiple revenue streams from medical providers, patients and hospital services. Management determined that because Big So...
2018-08-13 - Asif
Core Business At Ballard, Ballard Power Systems is building a clean energy growth company. Ballard Power Systems is recognized as a world leader in proton exchange membrane (“PEM”) fuel cell power system development and commercialization. The company's principal business is the design, development, manufacture, sale and service of PEM fuel cell products for a variety of applications, focusing on its power product markets of Heavy-Duty Motive (consisting of bus, truck, rail and marine applications), Portable Power, Material Handling and Backup Power, as well as the delivery of Technology Solutions, including engineering services, technology transfer, and the license and sale of its extensive intellectual property portfolio and fundamental knowledge for a variety of fuel cell applications. A fuel cell is an environmentally clean electrochemical device that combines hydrogen fuel with oxygen (from the air) to produce electricity. The hydrogen fuel can be obtained from natural g...
2018-08-13 - Asif
Overview Marathon Patent Group was incorporated in the State of Nevada on February 23, 2010 under the name Verve Ventures, Inc. On December 7, 2011, the company changed its name to American Strategic Minerals Corporation and were engaged in exploration and potential development of uranium and vanadium minerals business. In June 2012, the company discontinued its minerals business and began to invest in real estate properties in Southern California. In October 2012, the company discontinued its real estate business when its former CEO joined the firm and the company commenced its IP licensing operations, at which time the Company’s name was changed to Marathon Patent Group, Inc. On November 1, 2017, the company entered into a merger agreement with Global Bit Ventures, Inc. (“GBV”), which is focused on mining digital assets. Marathon Patent Group has since purchased its cryptocurrency mining machines and established a data center in Canada to mine digital assets. Following the me...