Bangladesh’s container ship operator HR Lines Ltd. will be launching the Colombo-Chattogram feeder service on 4 April, in partnership with Clarion Shipping Ltd., a subsidiary of Hayleys Advantis Ltd. The operation will commence with two of the newest container vessels to be added to the fleet of HR Lines, MV HR Hera and MV HR…
Singer Sri Lanka PLC clinched prominent awards at SLIM People’s awards2021, reiterating its dominance in the consumer durables sphere. Singer was crowned SLIM People’s Brand of the Year 2021 award for 15th consecutive timet. Forging its way to another achievement, Singer clinched the coveted SLIM People’s Durables Brand of the Year 2021 award, reaffirming its…
Somerset Estate, Talawakelle previously achieved an all-time record price of Rs. 890 on a BOPSp grade in the Western High Grown category at the auction concluded on 24 February. Exactly a month after and almost at the end of the Dimbulla Quality Season, the Estate has bettered its own record at Sale No. 12 held…
For over 10 years, Litro Gas Lanka and Singer Sri Lanka PLC have been in a close partnership that enhanced customer reach and optimised customer access across product portfolios. The two companies recently renewed their strategic partnership as they signed an MOU to extend its scope. Litro Gas Lanka Ltd. and Singer Sri Lanka PLC…
Fitch Ratings has assigned Singer Finance (Lanka) PLC’s (SFL, A+(lka)/Stable) proposed Sri Lanka rupee-denominated subordinated unsecured debentures an expected national long-term rating of ‘A-(lka)(EXP)’. The proposed debentures are to total up to LKR2 billion with a maturity of five years and will carry fixed and floating rate coupons. Read the full article.
Singer Finance (Lanka) PLC has announced plans to raise Rs. 2 billion via listed debenture issue. Its Board has resolved to issue up to 20 million listed, rated, unsecured, subordinated, redeemable debentures of Rs. 100 each. The move is subject to regulatory approval. Source
As part of its ongoing efforts to empower and uplift the livelihood of its farmer co-operative societies, Dipped Products PLC (DPL) distributed school bags to the children of 1,500 smallholder rubber farmers for the 10th consecutive year, under its flagship Firstlight CSR project. This year’s distribution recorded the largest donation of school bags, which was…
Pedro Estate situated in Nuwara Eliya has established an all-time record price at this week’s tea auction held on 10 March by securing an attractive price of Rs. 1,450 for a BOP grade selling under the ‘Lovers Leap’ mark. This line of tea was purchased by Mabroc Teas Ltd. Read the full article here.
Continuing to strengthen the farmer co-operative societies in its loyalty network, Dipped Products PLC (DPL) distributed rubber plants to smallholder farmers in the Monaragala District under its flagship sustainability initiative: DPL Firstlight. The plants for the inaugural distribution were sourced from a new nursery established by DPL. Setting in motion plans to continue the initiative…
Top professional Ranil De Silva has been appointed to the Singer Finance PLC Board as an Independent Non-Executive Director with effect from 9 March. He served as the Joint Managing Director of Aitken Spence Hotel Management and as the Managing Director of THE Hemas Hotel Sector and has wide experience locally and overseas in diverse…