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Sri Lankan operation valued at US$ 200m, four
parties show interest :
Singer Asia for sale for US$ 350m
Singer Asia, which includes the Sri Lankan
operation and those of Bangladesh, India, Thailand, Malaysia and
Pakistan is up for sale for a value in the region of US$ 350
million. The rationale for the sale of Singer Asia was that the US
and Hong Kong based investors who bought it almost at a give away
price in September 2000,
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HNB 1H profit tops Rs 49.3 m
Motor duty reduction helps business:
The insurance industry has continued its growth
momentum where a conducive environment has provided impetus for
industry sustainability. HNB Assurance was able to record positive
growth for the first half of 2011 compared to the same period last
year.
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Stock exchange will be a gold mine - Heraymila CEO
The Colombo Stock Exchange will be a gold mine
for Sri Lanka to sustain high economic growth. The companies will
continue to report robust results and have growth in earnings
gradually bringing down valuations to more realistic levels,
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