Further relief on broker credit
The Securities and Exchange Commission of Sri
Lanka (SEC) has granted further relief in respect of broker credit.
The brokers will have to clear 25 percent remaining debtors by
September 30 and the balance 25 percent by December 31.
 Full Story
SriLankan buys new aircraft:
First step in long-term business plan
In facilitating long-term business plan,
SriLankan Airlines acquired its first A320 - 200 aircraft on an
operating lease basis investing US $ 350 million. This is the first
step in increasing the fleet and having a young fleet and there will
be two more A 320-200 added to the fleet within the last quarter of
this year,
Full Story
Galadari to convert Rs 6 b debt to equity
Galadari Hotels (Lanka) PLC expects to
restructure its balance sheet to reap the advantages in the booming
tourism industry, a CSE filing said yesterday. The Board of
Directors has approved that such restructure be effected by way of a
conversion to equity of the debt due and owing by the company to the
National Insurance Trust Fund (NITF),
Full Story
|
