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Janashakthi Insurance to go for an IPO

JANASHAKTHI INSURANCE, Sri Lanka’s leading insurance company will go for an Initial Public Offering shortly, its sources said. General Manager, Sales and Marketing, Ravi Liyanage told Daily News Business that the directive IBSL made of all insurance companies to be listed in the CSE had prompted them to take this decision.

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Fitch affirms Singer Finance’s ‘BBB (lka)’ rating

Fitch Ratings Lanka has affirmed the National Long-term rating of Singer Finance (Lanka) Limited (SF) at ‘BBB (lka)’. The outlook on the rating is stable.

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FINCO adjudged best in Asia for BASF chemicals

THE Engineering Sales Directorate of the Finco Group (Finco ESD) has been adjudged the best distributor in the Asian region in 2007 for BASF Construction Chemicals, a global leader in the field.

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 PRODUCT LAUNCH: CIBA Vision, a worldwide leader in contact lenses and lens care products has introduced series of innovative contact lenses to the market. The company has launched a contact lens that fits one’s skin and complexion. This will be marketed by A. Baur & Company.  Picture by Sumanachandra Ariyawansa

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