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Tuesday, 11 December 2012


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Dialog to acquire entry stake in DCL

Dialog Axiata PLC (Dialog) is to acquire 26% entry stake of newly formed Digital Commerce Lanka Pvt Ltd, which owns Anything.lk, an e-commerce operator in Sri Lanka for a value of $ 1.59 million.

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‘As prices are low, CSE ideal place to invest’

The Colombo Stock Exchange (CSE), is an ideal place to invest as most of the prices of its stocks are attractively low. However, given the current situation, the inflow of foreign investments have reached high, sources said.

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Fitch affirms HSBC at ‘AAA(lka)’; Outlook stable

Fitch Ratings Lanka has affirmed HSBC Sri Lanka Branch’s (HSBCSL) National Long-Term Rating at ‘AAA (lka)’.The Outlook is Stable. The rating reflects the financial strength of parent The Hong Kong and Shanghai Banking Corporation Limited (HKSB; ‘AA-’/Stable), given that HSBCSL is a branch of HKSB and part of the same legal entity as HKSB. Thus, Fitch believes that support from HKSB would be forthcoming if required, subject to any regulatory constraints on remitting money into Sri Lanka.

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Eswaran Brothers gets global accolades

Eswaran Brothers was presented with a global accolade when they received a Social Investment Pioneer Award under the responsible business category, in Australia. Nine other business companies from around the world were named in recognition of their outstanding contributions to the community development in their local region.

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An Army-owned holiday resort in the deep southern wilds of Palatupana in Yala ‘Laya Safari’ was opened
by Speaker of Parliament Chamal Rajapaksa with Army Commander Lieutenant General Jagath Jayasuriya. The duo after the opening. Picture by Lalith C. Gamage

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