Signs of stable government boost investor confidence
STOCK analysts said that they expected investors
to be active this week and the market to perform positively
responding to the latest political developments. Investors, both
local and foreign are expected to be on the buying side ahead of the
Sinhala Tamil New Year holidays and the scheduled peace talks in
Geneva.
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CHA, FCCISL sign MoU
The Consortium of Humanitarian Agencies and
Federation of Chambers of Commerce and Industry of Sri Lanka entered
into a MoU to strengthen cooperation between the private sector and
humanitarian agencies in the rebuilding of tsunami-affected
enterprises in Sri Lanka.
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'AA Sri' rating for CB debenture issue
Fitch Ratings Lanka Limited has assigned an 'AA(sri)'
national rating for the issue of Rs. 2,500 million 2006/2011
Unsecured Subordinated Redeemable Debentures of Commercial Bank of
Ceylon Limited. The bank retains the option of issuing up to Rs.
3,000 m in the event of over subscription.
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