Monday, 28th July 2014

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Business Editor: 0094 11 242 9221 / E mail: business@dailynews.lk

Business

Laksala in National Museum
Laksala recorded an increased and impressive revenue of Rs. 435 million in the first half of 2014 from both local and tourists’ sales. During the corresponding period last year the revenue stood at Rs. 292.7 million. The only state owned Gift & Souvenir Boutique in Sri Lanka, Laksala is looking to achieve the target of reaching sales of Rs. 1 billion for the calendar year 2014. “With the dawning of peace, supported by the commendable performance of Sri Lanka’s economy and the programs implemented by the Sri Lanka Tourism Authority under the guidance of The Ministry of Economic Development...
DFCC Bank will go for a listed Debenture Issue to raise Rs 3 bn with an option to issue up to Rs 5 bn, carrying a tenor of 3 years. The Colombo Stock Exchange has approved the listing of the debt securities on the main board and the issue will open to the public on August 7. Rated AA- by Fitch Ratings (Lanka) Limited, this public issue is attractively structured giving investors the opportunity to select between three options for receiving interest: 8.50% payable annually; 8.33% payable semi annually and 8.24% payable quarterly. DFCC Bank CEO Arjun Fernando said the decision to go public with...