Hemas on new growth strategy
Hemas Holdings PLC reported another year of
double digit growth as it prepared to enter its 60th year with plans
to embark on a new and exciting growth strategy. For the year ended
March 31, 2008, Hemas recorded a turnover of Rs. 14.4 bn reflecting
a growth of 20.6 per cent over the previous year.
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Liberalising foreign deposits hailed
Most of the private commercial banks hailed the
Central Bank’s decision on the liberalising the acceptance of
foreign deposits by domestic banking units of all commercial banks,
banking sources said.
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Hayleys posts Rs. 31b turnover
Hayleys PLC has reported healthy turnover growth
and encouraging improvements in pre and post tax profit from
continuing operations in 2007-08, described by the multinational
blue chip as a year of hard decisions and one in which it witnessed
the most inimical macroeconomic conditions in memory.
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BoC to accept deposits from foreign citizens
Bank of Ceylon will accept investments and
deposits from citizens of foreign states, Sri Lankan citizens
residing outside the country, corporate bodies incorporated outside
Sri Lanka and foreign institutional investors.
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