Janashakthi Insurance to go for an IPO
JANASHAKTHI INSURANCE, Sri Lanka’s leading
insurance company will go for an Initial Public Offering shortly,
its sources said. General Manager, Sales and Marketing, Ravi
Liyanage told Daily News Business that the directive IBSL made of
all insurance companies to be listed in the CSE had prompted them to
take this decision.
Fitch affirms Singer Finance’s ‘BBB (lka)’ rating
Fitch Ratings Lanka has affirmed the National
Long-term rating of Singer Finance (Lanka) Limited (SF) at ‘BBB (lka)’.
The outlook on the rating is stable.
FINCO adjudged best in Asia for BASF chemicals
THE Engineering Sales Directorate of the Finco
Group (Finco ESD) has been adjudged the best distributor in the
Asian region in 2007 for BASF Construction Chemicals, a global
leader in the field.