Developer swallows Rs. 500 m
Controversy looms over the manner in which
property developer Premier Pacific Ltd has collected Rs. 500 million
in advance from prospective apartment owners at the premises at the
Topaz Towers but is unable to complete the project due to shortage
of funds.
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Vardhana records Rs. 264 mn profit upto September
DFCC Vardhana Bank, the commercial banking arm
of the DFCC Bank has recorded an impressive growth of 80% in its
deposit base as at end September 2008 compared with the figures
reported on the same day of 2007.
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Fitch affirms Vallibel Finance at ‘B+(lka)’
Fitch Ratings Lanka has affirmed Vallibel
Finance Ltd’s (VFL) National Long-term rating at ‘B+(lka)’. The
outlook remains stable.
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Sri Lanka ICT innovations strike gold at APICTA
Sri Lanka won five awards at the Asia Pacific
Information Communication Technology Alliances (APICTA) Annual
Competition and Awards 2008 at the awarding ceremony held in
Jakarta, Indonesia on November, 15 bringing honour to Sri Lanka.
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