Daily News Online

Wednesday, 14 March 2012





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Commercial Bank to raise Rs 1 b through debenture issue

Commercial Bank of Ceylon PLC has received the Colombo Stock Exchange approval to list its debt securities on the Main Board of the CSE. Commercial Bank will raise Rs 1 billion through 500,000 unsecured, subordinated , redeemable debentures at an issue price of Rs 1,000 each ,

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The Blue Water to invest Rs. 450 m in new hotel

Union Resorts Ltd the managing and owner company of The Blue Water would further invest Rs. 450 million to build a second hotel adjoining the main property. Chairman of the Hotel, Ajith Wijeyesekera, told Daily News Business at the recently concluded ITB in Berlin that the new property would be an all suite,

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Mabroc Teas posts Rs 26.1 m net profit

Mabroc Teas Pvt Ltd which is a fully owned subsidiary of (KVPL) reported a post tax profit of Rs 26.1 million last year. KVPL Chairman A.M Pandithage said, the company revitalized its operational effectiveness through investments,

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