While selling assets may be the easiest solution to ward off the national crisis Sri Lanka currently faces, another option lies in transforming loss-making SOEs (State Owned Enterprise) whose rich assets can be turned around to profitability driven and managed by clean, experienced corporate executives, said the SLT Group Chairman Rohan Fernando. He made these […]
By Hiran H.Senewiratne SLT stocks showed an acute price gain at the CSE yesterday following President Ranil Wickremasinghe’s revelations in the course of delivering the 2023 budget speech that the ‘re-structuring of state owned entities, including SriLankan Airlines, Sri Lanka Telecom, Sri Lanka Insurance Corporation, the Colombo Hilton and Water’s Edge would be carried out […]
The EU funded ‘Supporting Effective Dispute Resolution (SEDR)’, project amplified its support to the Mediation Boards Commission (MBC) through the provision of 70 laptops to enhance the administrative functions of the Development Officers (Mediation) across the island. The event was graced by several dignitaries – Dr. Wijeyadasa Rajapakshe, Minister of Justice, Priyanath Perera, Secretary Mediation […]
Leading Sri Lankan insurer Co-operative Insurance Company PLC (CICPLC) entered an insurance agreement with Bank of Ceylon (BOC), the country’s leading state-owned bank, on October 27, 2022, to maximise its service offerings to customers with banking requirements. Through this agreement, customers looking for financial services now have the ability to benefit from insurance facilities from […]
By Hiran H,Senewiratne Aberdeen Holdings, a privately-held diversified conglomerate in Colombo, has shed 4.5 per cent of its stake in Ex-Pack Corrugated Cartons PLC for Rs. 240 million, CSE sources said. It is said that I15 million shares were done via two crossings at Rs. 16 each. Overall Ex-Pack saw 20.4 million shares changing hands […]