To further build investor confidence:
Business sector, chambers upbeat on CHOGM 2013
The decision to host the Commonwealth Heads of
Government Meeting (CHOGM) in Colombo and the subsequent business
leaders summit in 2013 will bring numerous economic benefits to the
country. Former Federation of Chamber of Commerce President Nawaz
Rajabdeen said it will open the doors for unprecedented investment
to the country.
Commercial Leasing goes for listing with Finance Company Licence
The Central Bank of Sri Lanka (CBSL) has
approved the granting of a licence to Commercial Leasing Company
Limited (CLC) to operate as a Finance Company. This approval will
require the holding company Lanka ORIX Leasing Company (LOLC) to
divest 10% of its shareholding in compliance with CBSL’s mandatory
listing rules for Finance Companies. As a result, the company name
is expected to be changed to `Commercial Leasing & Finance Limited’
in the near future while retaining the brand as ‘CLC’.
Dialog continues growth momentum with strong 3Q
Dialog Axiata PLC announced its consolidated
financial results for the nine months ended September 30, 2011.
Financial results included those of Dialog Axiata PLC (the
"Company") and of the Dialog Axiata Group (the "Group") post
consolidation with subsidiaries Dialog Broadband Networks (Pvt.) Ltd
("DBN") and Dialog Television (Pvt.) Ltd ("DTV").