Indocean invests Rs 6.5 b
For a prime project near Gangaramaya:
A 400 $ million development project will be
launched shortly when one of Colombo City’s prime streets near
Gangaramaya will be transformed into a promenade in keeping with the
government’s development plans.
ComBank in Rs 2b debenture issue
Commercial Bank will shortly raise Rs 2 billion
through a Rated, Listed, Unsecured, and Subordinated Debenture Issue
through a private placement. The value of the debenture will be at
Rs 1000 each. The Board of Directors have approved of the deal at
its meeting on July 29.
Lanka to benefit from global re-balancing
Sri Lanka is well positioned to benefit from the
current global rebalancing of power and it could become one of the
top places in Asia for investment, Ceylon Asset Management, Economic
Advisor and Director Michael Preiss told Daily News Business.