Most companies list by introduction:
RFCs must go for IPOs
For real capital market development:
More Registered Finance Companies (RFCs) are
opting to be listed through introduction to meet the deadline of
June 30. The Central Bank has made it compulsory for registered
financial companies to be listed in the market for transparency.
There are two methods of listing, by an initial public offering
(IPO) or listing through introduction. The IPO is a long process and
registered finance companies need to meet the June deadline.
HNB goes ‘green’ with bank building
In keeping with the efforts to contribute to
environment sustainability, Hatton National Bank (HNB) will open the
country’s first green bank branch in Nittambuwa on June 2. The bank
branch is built according to a green concept and the HNB has
invested Rs 125 million to make it environmental friendly.
Hotel sector can generate 80,000 more jobs - Cooray
Sri Lanka needs around 60,000 to 80,000
additional people for the Hotel sector to cater to the 2.5 million
tourists target. Addressing the SLASSCOM HR Summit 2011 on the theme
of ‘HR challenges in post conflict nations’ Jetwing Hotels Ltd
Chairman Hiran Cooray said they are optimistic that they would be
able to cross the one million tourist mark by 2012.