Hela Apparel Holdings Raises Rs. 1.6 Billion Through Successful Rights Issue
Hela Apparel Holdings PLC has successfully raised Rs. 1,596,826,135 through its recent rights issue, marking a significant step in the company’s financial strategy.
Finance
Investments
Cinnamon Life Opens: Colombo’s New Landmark Designed by Cecil Balmond
Cinnamon Life, the latest lifestyle venture by John Keells, officially opened in Colombo yesterday, marking a significant moment for the city. Designed by
Uncategorized
News Summary: On 15th of Oct 2024
Economics Foreign Inflows into Sri Lanka’s Government Securities Rise Amid Deflationary Policies Foreign investment in Sri Lanka’s government securities rose 15.7% last week,
Markets
Sri Lankan Rupee Strengthens to 293.30/50 Against US Dollar; Bond Yields Rise
On Tuesday, the Sri Lankan rupee traded slightly stronger at 293.30/50 against the US dollar, compared to 293.50/80 from the previous day. Bond
Markets
Latest Gold Price in Sri Lanka: 15th October 2024
As of 15th October 2024, the gold prices in Sri Lanka are as follows: Gold Unit Gold Price Gold Ounce Rs. 778,364.00 24
Business
John Keells Group Unveils $1.2 Billion Cinnamon Life at City of Dreams in Sri Lanka
In a monumental move for Sri Lanka’s tourism sector, John Keells Group has officially launched Cinnamon Life at City of Dreams Sri Lanka,
Finance
Sri Lanka Banking System Repays Debt and Builds FX Reserves of US$7.4 Billion Since Default
Since Sri Lanka’s selective default in April 2022, the country’s banking system, including the central bank and commercial banks, has repaid or built
Finance
Sri Lanka’s Financial System Set for Recovery Amid Asset Quality Gains and Stronger Capital Buffers
Sri Lanka’s financial system is on the path to recovery, with expectations of improved asset quality and strengthened capital buffers, according to the
Tech
Exterminators PLC Launches IoT Digi-Pest-Tech for Innovative Pest Management in South Asia
Exterminators PLC, in collaboration with Pest Scan BV from the Netherlands and Sentario UK Ltd., has introduced its IoT Digi-Pest-Tech in South Asia,
Business
JKH’s Rs. 24 Billion Rights Issue Oversubscribed with Demand Reaching Rs. 27.4 Billion
John Keells Holdings PLC (JKH), Sri Lanka’s top blue chip company, has successfully raised Rs. 24 billion through its recent Rights Issue, which