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Perpetual Treasuries defends bond bids

PT capital soars 400% in 1H of operations to Rs. 1.1 billion in 2014
Makes profits of Rs. 816 million from 1 April-31 September 2014
Says intention to focus on long-term bonds and secondary market trading from inception
Commission updated of market conditions in the run-up to February 2015 bond
Insists interest rates were kept artificially low ahead of February bond
Accurate bond sale predictions possible up to 2045 on CB data

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Lanka Ceramic announces restructuring

Lanka Ceramic Plc has announced a restructuring of operating assets of the company to give maximum value to shareholders and allow for capital to be raised at a reasonable cost to finance existing as well as future operations and to reflect the real net worth of the company based on growth potential.

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Toyota Lanka Supplies Prime Movers to CPSTL

Toyota Lanka (Private) Limited, the sole authorized distributor for Toyota vehicles and Hino trucks in Sri Lanka, recently supplied the Ceylon Petroleum Storage Terminals Limited (CPSTL) with 10 brand-new Hino Prime Mover units. These world-renowned transporters will facilitate in upgrading CPSTL’s island wide fuel delivery network.

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Sri Lanka promotes small sacle food industries

A huge sub-sector within Sri Lanka’s crucial Small and Medium Enterprises (SME) that directly impacts national food supply and security is being positioned for exports. Encouraged by raging exports in this sector, Sri Lanka has begun work on the country’s first ever international standard food testing and safety centre that directly focuses even the village food producers in the country.

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CEB faces severe challenges from ongoing drought

Ceylon Electricity Board (CEB) faced severe challenges due to dry weather condition prevailed in the country from the latter part of 2016. Hence, an operating loss of Rs. 16,590 million in the first four months of 2017 has been recorded compared to the operating loss of Rs. 5,781 million recorded in the same period of 2016. Cost per unit without Tax has increased to Rs. 20.28 per kWh in the first quarter of 2017 over Rs. 17.54 per kWh recorded in 2016.

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