Daily News Online

Wednesday, 10 April 2013


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BOC makes history by raising US $ 1 bn within 12 months

Bank of Ceylon (BOC) has launched their second five year US$ Bond (senior notes due 2018) within a space of 12 months. The notes were priced at a yield of 5.325%. BOC had originally planned US$ 300 million size issuance but with offers for over US$ 2,000 million (effectively oversubscribing by 6.8 times) BOC decided to up-size the issue to US$ 500 million.

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Ceylinco Life to home deliver Rs 31.7 mn

Cash bonanza between April 6-10:

Nearly 10,000 policyholders will shortly receive extra cash with which to celebrate the national New Year, courtesy of Ceylinco Life. Continuing a unique tradition that dates back to 2004, the life insurance leader has announced that it will home deliver Rs 31.7 million in cash bonuses to these policyholders between April 6 and 10.

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Northern enterprises to benefit from FCCISL project

The Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL), will implement “Financial Assistance for Repairs of Damaged Business in Kilinochchi and Mullaithivu” which is being fully grant-funded by the Government of India through High Commission of India (HCI).

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The Diyatha Uyana Night Food Market organized by the Sri Lanka Food Processors Association ended yesterday next to Water's Edge premises in Battaramulla. Reputed brands displayed their products’ and services at discounted prices to consumers. The association also endeavoured to benchmark best practices and to motivate the local industry to achieve global standards. In the light of the remarkable 14 % annual growth in the SL Food Industry, the SLFPA is continuously aiming to provide the membership opportunities to develop their businesses and gain profits through active participation at national level activity, while interacting direct with the consumers. Here Chief Guest Minister of Economic Development, Basil Rajapaksa and Secretary of Defense, Gotabhaya Rajapaksa at a Kitual treacle stall. Picture by Saliya Rupasinghe

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