Bangladesh’s HR Lines to launch Colombo-Chattogram feeder service with Hayleys’ Clarion Shipping

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 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.

DPL Distributes Fertiliser to 1,500 Smallholder Rubber Farmers

Dipped Products PLC (DPL) invested Rs 2.1 million towards the distribution of fertiliser for 1,500 smallholder rubber producers in the Moneragala District. A total of 90,000 kgs of fertiliser was distributed among four DPL Loyalty Farmer societies across the Moneragala District at the event organised for the ninth consecutive year. Read the full article here.