Keells to manage Confifi Hotels
Consequent to a discussion and agreement between
John Keells Hotels PLC and the Confifi Group, KHL has announced
voluntary offers to acquire 100% of the issued shares of each of the
three listed hotel companies operated under the Confifi Group,
namely, Riverina Hotels PLC (Riverina), Eden Hotel Lanka PLC (Eden)
and Confifi Hotel Holdings PLC.
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French travel advisory relaxed
The French Government relaxed the travel
advisory to Sri Lanka on October 2, allowing French tour operators
and travel agents to resume selling travel packages to Sri Lanka
with immediate effect.
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Amana Takaful first half on all time high
Amana Takaful Insurance’s first six months sales
showcased continuity of the company’s solid performance with a 41%
growth in gross written premiums (GWP) compared to the first half of
2006.
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Fitch affirms national rating of People’s Bank at ‘A-(lka)’
Fitch Ratings Lanka has affirmed the National
Long-term rating of People’s Bank (Sri Lanka) (PB) at ‘A-(lka)’ (A
minus(lka)) reflecting the expected level of support available from
the Government of Sri Lanka (GOSL) due to its state ownership,
systemic significance and strategic importance to the state. As
such, Fitch has also affirmed PB’s Support Rating at ‘4’.
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