The Sunday Leader

The ‘Risen Lord’ Strikes Back!

Early last week, Lalith Perera offered, through a close associate, to sit down with The Sunday Leader. We agreed to record the interview and print it verbatim as a Q&A. Perera then appears to have changed his mind. He has refused to speak or write to The Sunday Leader, and will only meet our reporter [...]

A Billion For Softlogic

The Softlogic Group successfully raised a billion rupees through a private placement that concluded on Friday, market sources who did not want to be named told The Sunday Leader. The placement comprised some 14 million shares at Rs. 72 a share, and consisted 20% of the Group’s equity after the placement. The company will be [...]

Caveat Emptor

The allegation according to the lead article in the business pages of our last week’s issue is that government administered funds are artificially pushing up the bourse by buying stocks across the board. This buying splurge started at the beginning of the year. Market sources have told this newspaper that as such the bourse is [...]

Messing Up In Style

Sri Lanka is poised to take off, we have got to get this instability out of the way,” Stefan Furkhan tells Benchmark. “In a nutshell, the outlook of the industry is optimistic. Month-on-month we’ve seen 20-30% growth in arrivals post-war since the middle of 2009, albeit from a low base. But we’ve seen that growth [...]

Dancing Shoes

Managing Director Sinidu Enterprises (manufacturers of the Genelle brand of upmarket women’s footwear) Sheran Wickremesekera was upbeat regarding the local shoe industry on the eve of his further expanding his business by way of a plush new showroom located at Duplication Road, Kollupitiya. Wickremesekera who has been in the local shoe industry for the last [...]

Sampath’s P.A.T. Up 48%

Sampath Bank PLC in the financial year ended December 31, 2009 saw income grow by 13.4% year on year (y.o.y.) to Rs. 25.2 billion and profit for the year by 48.4% y.o.y. to Rs. 2.1 billion. The Bank’s C.E.O./Executive Director Harris Premaratne speaking to the press on Monday said: “We are showing some of the [...]

Identity Crisis

D.F.C.C. Vardhana Bank (D.V.B.), a commercial bank, apparently overshadowed by its big brother DFCC Bank (D.F.C.C.), a development bank, will sponsor a weekly t.v. quiz show from May, in a move to create its own identity. “We are identified as a development bank, and in order to change this image, that we are in fact [...]

Trade Picking Up

Trade to and from Sri Lanka has been picking up this year, which a facilitator attributed to a rise in exports to the U.S.A. Volumes last year, year on year (y.o.y.) were however flat, Manish Patel, Country Manager, D.H.L. Colombo, affiliated to a multinational express freight forwarder, told The Sunday Leader. However last year was [...]

Fusion Of Two Giants

Alpha Industries (Pvt.) Ltd appointed sole distributor for STB time locks in Sri Lanka. Alpha Industries [Pvt.} Ltd, the pioneer and leading manufacturer of Security Safes in Sri Lanka have been appointed exclusive sales agents and distributors for STB branded Time Locks  from STB Microtechniques SA, Switzerland. All Alpha branded safes are acknowledged as world [...]

N’eliya Temperature Up 20 C

Sri Lanka has not been spared the effects of global warming, with the island’s temperature having had risen by an average of 0.2 degrees Centigrade per decade in the past 25-35 years, while the increase in Nuwara-Eliya’s minimum temperature has been much more rapid, an increase of 0.3 degrees centigrade. The diurnal temperature, i.e. the [...]

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