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Wednesday, 23 January 2013


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Cinnamon Air takes wing from Mar. 15

Invests nearly Rs. one billion:

Cinnamon Air, a joint venture involving MMBL Leisure Holdings (Pvt) Limited, John Keells Holdings (JKH) and Phoenix Ventures Limited, would take wing from March 15. Saffron Aviation (Pvt) Ltd., will manage Cinnamon Air. The management has invested nearly Rs. one billion and would initially operate with two eight seater amphibious aircraft.

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Commercial Credit’s Debenture Issue opens today

Commercial Credit and Finance PLC’s much-awaited issue of 2.5 million five-year Debentures of Rs. 100 each opens on January 23, 2013 with an option to issue a further 2.5 million Debentures in the event of an over subscription amounting to a total value of Rs 500 million. The minimum subscription is Rs. 10,000 or 100 Debentures.

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Fitch affirms Vallibel Finance at BB- (lka)

Fitch Ratings Lanka has revised Vallibel Finance Plc's (VFL) Outlook to Negative from Stable. At the same time, the agency has affirmed VFL's National Long-Term rating at ‘BB-(lka)'.

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‘Four more Industrial Zones for North’

In a new initiative to draw international investors to the surging Northern Province, four more new industrial zones are mulled by the Ministry of Industry and Commerce.

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NCC auditorium complex ceremonially opened by President Mahinda Rajapaksa

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