IFC commits US$ 100m to Dialog Telekom
Speaking at the financing to Dialog Telekom to
expand its telecom network and build a new telecommunication
infrastructure network with a US$100 million package he said the
current penetration is around 32 per cent. "This will reach the 40
per cent mark by the end of the year.
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Richard Pieris rights issue to raise Rs. 1b
Richard Pieris Limited will make a share rights
issue in the Colombo Stock Exchange to raise Rs. 1 billion to settle
part of their short-term debts. The company will issue rights at 2:9
basis at Rs. 35 in the CSE for this purpose, its sources said.
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HC praises Lankan travel industry
British High Commissioner Dominic Chilcott
praised the performance of the Lankan travel industry despite the
difficult environment created by the conflict.
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