Aitken Spence to invest in India
Aitken Spence Hotels will go for a joint venture
hotel project with an Indian hotel company Floatels India Limited in
Cochin. The total investment would be around US $ eight million and
Aitken Spence will undertake the management of the entire hotel
under the agreement,
Seylan Bank invests in IT for the future
Seylan Bank has introduced many value added and
innovative products and services and has been in the forefront of
qualitative changes in the banking industry.
NAMAL launches Gilt Edge Fund
The National Asset Management Limited is
introducing a close ended four years unit trust NAMAL Gilt Edge Fund
1 to the equity market. This is the eighth unit trust fund joining
the NAMAL’s equity instruments chain.
Fitch downgrades Sinhaputhra Finance’s rating
[intro] Fitch Ratings Lanka has downgraded the
National Long-term rating of Sinhaputhra Finance Limited to ‘BB-(lka)’
(BB minus(lka)) from ‘BB(lka)’. The outlook is negative.