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Singer Finance

Fitch Rates Singer Finance’s Sub-Debt ‘A-(lka)(EXP)’

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.


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Singer Finance

Singer Finance Goes for Rs. 2 b Debenture Issue

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


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DPL Lends a Hand to Children in Monaragala Rubber Farming Communities

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…


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Pedro Estate Sets An All-Time Record Price

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.


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DPL Enhances Its Rubber Supply Chain

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…


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Singer Finance

De Silva joins Singer Finance Board

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…


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Shamalie Gunawardana Appointed to Haycarb Board

Top professional Shamalie Gunawardana has been appointed as an independent Non-Executive Director at Haycarb PLC. L.L.M. (UK) Attorney-at-Law Gunawardana, is currently a joint Managing Partner of Capital City Law-Colombo, a Consultant Senior Legal Advisor to CHEC Port City (Colombo) Ltd., Board Member DFCC Bank PLC and Group Legal Consultant International Distillers Ltd. She is also…


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Dimo-Advantis

Advantis Projects & Engineering Opts for Tata Signa 4018.S Prime Movers from DIMO

DIMO, one of Sri Lanka’s leading conglomerates and the authorised distributor for Tata Motors Ltd. in Sri Lanka, delivered 7 units of Tata Signa 4018.S Prime Movers to Advantis Projects & Engineering Ltd., Sedawatte recently. Tata Signa 4018.S Prime Movers delivered to Advantis Projects & Engineering Ltd. offer higher power-to-weight ratio and higher torque at…


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Somerset Estate

All-time Tea Record Price by Somerset Estate

Somerset Estate, Talawakelle achieved an all-time record price of Rs. 890 on a BOPSp grade in the Western High Grown category, which was sold at the eighth E-Auctions for the year held on 23 February. This line of tea was purchased by St. Clair Teas Ltd. and was auctioned through Forbes & Walker Tea Brokers…


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Dipped Products on a tear as pandemic boosts demand for rubber gloves

Dipped Products PLC has seen higher sales for its rubber gloves, due to COVID-19-related healthcare requirements. The company, which has glove making facilities in both Sri Lanka and Thailand, along with its tea and rubber plantations, reported revenues of Rs.12.3 billion for the three months to December 31, 2020 (3Q21), up 55 percent from the…