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Lankem to raise Rs. 1.2 b via Rights; Share subdivision to follow

Daily FT

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June 20, 2025

LANKEM Ceylon PLC is to raise Rs. 1.2 billion via a Rights Issue which will be followed by a share subdivision.

The Board of Directors of Lankem resolved to issue 17, 156,919 ordinary shares at a price of Rs. 70 per share by way of a Rights Issue in the proportion of one new ordinary share for every three existing issued ordinary shares.

The Board of Directors also resolved that, in their opinion, the consideration for which the shares are to be issued is fair and reasonable to the entity and all existing shareholders.

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Tourist arrivals cross 2.2 m mark

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Govt. clears Rs. 47.18 b revision for lower Malwathu Oya project

Cabinet approves extending timeline to 2030

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Three State agencies face Rs. 216 b Ditwah damages bill

Road and bridge restoration alone estimated at Rs. 190 b Power and water utilities report losses exceeding Rs. 25 b Damage to railways and regional roads yet to be assessed World Bank, ADB funding being explored to cover damages

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December 17, 2025

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SLASSCOM: Tech pay stabilising as firms pivot to performance

SRI Lanka's technology services sector (including IT, BPM, and tech services) is entering a phase of pay normalisation, with companies moving away from crisis-era salary hikes and sharpening their focus on performanceand skill-based rewards, according to the SLASSCOM Compensation and Benefits Survey Report 2025.

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December 17, 2025

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Yala paddy stocks to reach market ahead of festive season

THE Cabinet of Ministers at their meeting on Monday approved steps to mill and release paddy stocks purchased during the last Yala season into the domestic market, as the Government seeks to ease supply pressures ahead of the year-end festive period without resorting to direct price controls.

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1 mins

December 17, 2025

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JVP's II Viru Samaruva

THE JVP held its 36th annual mega commemorative rally, \"Il Viru Samaruva\" in November in Colombo to salute their comrades who laid their lives at the hands of their 'enemies', when they had valiantly struggled for the supreme objective of creating a socialist society in Sri Lanka in 1971 and in the 1988-'89 period.

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December 17, 2025

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Govt. urges media responsibility amid confusion over recent weather systems

CABINET Spokesperson and Mass Media Minister Dr. Nalinda Jayatissa yesterday issued a strong appeal to the media and the public to act responsibly and avoid spreading confusion over recent weather events, including the Cyclone Ditwah, warning that misinformation risks undermining the country’s recovery efforts at a critical moment.

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2 mins

December 17, 2025

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LAUGFS Rubber clinches Silver at NCPC Awards 2025 for cleaner production excellence

LAUGFS Rubber, a subsidiary of LAUGFS Holdings, has been recognised with the Silver Award in the Rubber Industry sector under the large category at the National Cleaner Production Awards (NCPC) 2025, which stands as the highest recognition awarded within the sector this year.

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1 min

December 17, 2025

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WTA signs with Mercedes in ‘most significant deal in our history’

THE Women’s Tennis Association has announced a long-term partnership with Mercedes-Benz which has the potential to be the largest in women’s sport.

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December 17, 2025

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PRASL hosts specialised cybersecurity masterclass

At Risk for PR & Communications Professionals

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2 mins

December 17, 2025

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