Chief Operating Officer Sam Swire appointed MD/CEO
Finlays Colombo PLC Executive Chairman and Managing Director Kumar Jayasuriya will be retiring with effect from 31 August, 2013.
He will continue to remain as a Director and the Board, at its meeting on 4 June 2013, appointed him as its non-executive chairman with effect from 1 September, 2013. At the same meeting, the Board also appointed S.C. (Sam) Swire as the Managing Director and Chief Executive Officer, with effect from 1 September, 2013.
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Dr. Ali Asger Shabbir Gulamhusein and his spouse Danushya Mediwake Wethasinghe Gulamhusein’s controlled entity Adam Investments yesterday purchased an 8.9% stake in Ceylon & Foreign Trades PLC via a private crossing on the CSE for Rs. 100 million.
The block amounting to 12.5 million shares was done at Rs. 8 each, up from Rs. 7.10, CFT’s Wednesday’s closing price. The shares were sold by CFT Director Ali Asger Shabbir.
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The signing of the agreement for the establishment of a yacht/leisure craft repair/shipbuilding facility at the Port of Galle took place on 6 June 2013 at the Ministry of Port and Highways on the initiative of the Minister of Port and Highways (Projects) Rohitha Abeygunawardena. The agreement was signed between the Sri Lanka Ports Authority (SLPA) and Sea Gulf Shipyard Ltd.
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The dynamic Blue Ocean Group of Companies, has evolved over the years to become a versatile conglomerate and adopts an inspired namesake from the “Blue Ocean Concept”; one that describes growth and profit. With a diverse portfolio to its name that includes its flagship brand Blue Ocean Residencies, the group has taken bold strides as it strives to uphold a reputation of ethical, innovative and constructive practices not only in Sri Lanka but in the Asia Pacific region.
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Craighead, which has the highest sale average in the western medium elevation category, established an all-time record price of Rs. 800 per kilogram for a line of FBOPF grade at weekly Tea auction held on 4 June 2013.
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Reuters: Sri Lanka’s Central Bank is expected to keep key monetary policy rates steady in June after an unexpected 50-basis-point rate cut in May, a Reuters poll showed.
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CEMS-Global – Conference & Exhibition Management Services Ltd. USA and CEMS Lanka, the multinational exhibition organiser since 1992, with its operations in seven countries and organising over 37 exhibitions per annum, in its efforts to organise the most important and much needed trade shows in South and South-East Asia, is bringing its premier international ‘Power’ series of exhibitions once again to Sri Lanka.
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Canada Bionest Technologies Vice-Chairman François-Philippe Champagne and Switzerland Eco Nest Chairman Rejean Appleby will be in Colombo next week.
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The Board of Directors of Regnis (Lanka) PLC has named Chitral Perera as a Board Director and Singer Industries (Ceylon) PLC announced the re-appointment of Vidya Vidyaratne to its Board of Directors.
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A little known Lankan based BoI sister firm of a century old Belgian cigar maker not only feeds the parent’s huge supply chain but also is successful in nurturing a special brand identity in a competitive European segment. “J. Cortès is a collection of 100% selected tobacco. The tobaccos for our J. Cortès brand is made from only the finest Cuban Havana, Brazilian Bahia and Indonesian Java tobaccos,” said Emmanuel Blomme, CEO of United Tobacco Processing (UTP).
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