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Tuesday, 7 May 2013

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Royal Ceramics acquires 80% stake of Lanka Ceramic Group

A consortium of investors led by Royal Ceramics, has purchased 24 million shares of Lanka Ceramic PLC held by Ceylon Theatres Group at a price of Rs.120 per share amounting to 80 percent of its stakes yesterday.

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Arabian Travel Market opens in Dubai:

Lanka targets 90,000 tourists from Gulf region in 2013

The 20th anniversary edition of Asia’s biggest travel and tourism industry event opened yesterday on a positive note, with the Arabian Travel Market featuring over 2,500 exhibitors from 87 countries at the the Dubai Convention and Exhibition Centre. Sri Lanka fielded the largest ever contingent of 53 companies for the four-day ATM, with a view to increase Gulf arrivals.

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Fitch rates HNB’s Subordinated Debt Final ‘A+(lka)’

Fitch Ratings has assigned Hatton National Bank PLC’s (HNB; AA-(lka)/Stable) issue of unsecured subordinated redeemable debentures of up to Rs 4 billion a final National Long-Term rating of ‘A+(lka)’.

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A H M Hisbullah, Deputy Minister of Economic Development, Nishantha Wickramasinghe, Chairman, SriLankan Airlines, Mahinda Balasuriya, Ambassador for Sri Lanka in UAE , Sampath Alahakoon, Assistant Director, Marketing/ Sports and Diaspora, Sri Lanka Tourism and other invitees and participants at the opening ceremony at the Sri Lanka stand . Picture by Shirajiv Sirimane



 
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