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Regional Plantations Companies (RPCs) and the
Asian Development Bank (ADB) are discussing the raising of funds by
selling US dollar-denominated ‘tea bonds’ to foreign investors. The
ADB has come forward to assist the industry hit hard by the long
slump in tea prices and heavy debts,
Even as the insurance companies announced
flexibility and quick respite in meeting the thousands of insurance
claims arising from the recent island-wide storm disaster, two major
national business chambers called for a return to systematic town,
Flood-affected people and enterprises to benefit:
DFCC Bank will launch an initiative to help
flood victims as they commence the process of rebuilding their
lives. Going beyond providing short-term relief, the Bank is
focusing its efforts on facilitating a long-term rebuilding,
John Keells Group said its profit before tax
increased by 3 percent to Rs. 19.20 billion in the financial year
2015/16. The group's recurring profit before tax increased by 10
percent to Rs.18.94 billion and group's revenue increased by 2
percent to Rs. 93.28 billion and profit attributable,
Investor-confidence rises:
The Board of Investment of Sri Lanka signed an
agreement with the London Stock Exchange Group (LSEG) to set up its
global business services arm in Sri Lanka. The agreement was signed
by Chairman of the BOI of Sri Lanka, Upul Jayasuriya and LSEG Group
Head of Shared Services, Martin Ryan.
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