IFC commits US$ 100m to Dialog Telekom
Speaking at the financing to Dialog Telekom to
expand its telecom network and build a new telecommunication
infrastructure network with a US$100 million package he said the
current penetration is around 32 per cent. "This will reach the 40
per cent mark by the end of the year.
Richard Pieris rights issue to raise Rs. 1b
Richard Pieris Limited will make a share rights
issue in the Colombo Stock Exchange to raise Rs. 1 billion to settle
part of their short-term debts. The company will issue rights at 2:9
basis at Rs. 35 in the CSE for this purpose, its sources said.
HC praises Lankan travel industry
British High Commissioner Dominic Chilcott
praised the performance of the Lankan travel industry despite the
difficult environment created by the conflict.