Top business leader Prabash Subasinghe last week doubled his stake in the Sampath Bank increasing his holding to 38.14 million shares (10%) through a major transaction concluded on Mar. 3, Sampath announced through a stock exchange filing.
A share split in Sampath is pending with each existing share due to be subdivided into three. Following shareholder approval at a general meeting to be held on Mar. 17, post-split trading of Sampath will commence on Mar. 23, the bank announced.
Subasinghe, a major player in the country’s seafood industry since 1999 and in rubber exports from 2002 has since been investing in many public listed companies now owning 18% of Resus Energy (renewable energy) and a minority stake in Pan Asia Power.
Vahdam: Overall best tea brand
For premium tea blends hailing from India, you can’t beat Vahdam. The tea brand is shaking up the industry with a refreshing approach. They source their teas directly from farmers in India and cut the middlemen to sell exclusively online. This ensures that you get the best prices and the freshest premium teas.
By applying organic principles to the company’s ethos, Vahdam prides itself on supplying some of the world’s finest organic and speciality teas.
Our favourite tea blend:
Earl Grey Citrus Black Tea
Vahdam’s Earl Grey Citrus Black Tea is a blend of the finest Indian black teas and premium Bergamot oil. The dry leaf boasts of a deeply refreshing aroma. With a refreshing citrus after taste, this tea is a delicious morning wake-up call and afternoon pick-you-up. Perfect for an iced brew pot too.
Wednesday, 30 December 2020 00:00 -
Dilmah Founder Merrill J. Fernando
Dilmah Founder Merrill J. Fernando has spent a lifetime dedicated to tea and helping others. In this interview he talks of his business philosophy, what CSR really means and what he wants to leave behind as his legacy for his employees and his children. Fernando was born on 6 May 1930, in the Negombo neighbourhood of Pallansena. Fernando strongly believes in the philosophy of seeing business as a matter of human service. He was awarded an Honorary Doctor of Science from Massey University, New Zealand, in recognition of his strong leadership in ethical business within the food and beverage industry. Fernando says every Government tends to rely too much on advice from their supporters instead of doing what every ministry should – engage two or three good, well-experienced businessmen to advice the ministry, then the Government activities will be far more productive. Following are excerpts of
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