Daily News Online

Tuesday, 1 November 2011


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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.

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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’.

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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").

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Trade Finance and Investments Limited debuts on CSE: Trading of Shares of Trade Finance and Investments Limited (TIFL) a registered Finance Company debuted on the Diri Saviya Board of the Colombo Stock Exchange on October 27 subsequent to its oversubscribed IPO late last month. Associated with the ceremonial launch were members of the Board of Directors of TIFL and staff of Capital Alliance Holdings (CAL)-the Managers to the IPO. From left – Roshendri Perera Financial Analyst CAL, Ajith Fernando Independent Non-Executive Director TIFL, L A J F Morais Managing Director TIFL, Hilal Peries – Chairman TIFL, Deshan Pushparajah Head of Capital Markets CAL, Imran Furkan Independent Non-Executive Director TIFL.

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