By Hiran H.Senewiratne
A JAT Holdings Ltd. Initial Public Offering (IPO) was successfully oversubscribed on the opening day, which was a tremendous achievement for the company in a situation where the country is heading for a major foreign reserve crisis, stock market analysts said.
In a CSE filing last morning JAT Holdings noted that they have received applications for over Rs. 2.23 billion for the above issues by it and accordingly the issue has been oversubscribed, market analysts said.
The company will issue 89.9 million shares at a price of Rs. 27 to raise Rs. 2.23 billion. Therefore, the issue was to close at 4.30 pm yesterday as per prospectus.
Amid those developments both indices moved upwards yesterday and CSE activities were up by 3 percent during the day. All Share Price Index went up by 46.48 points and S and P SL20 rose by 11.57 points. Turnover stood at Rs. 4.89 billion with four crossings. Those crossings were reported in Commercial Bank, where 3.5 million share volumes crossed for Rs. 304.5 million, its shares traded at Rs. 87, Expolanka one million shares crossed for Rs. 62.4 million, its shares traded at Rs. 62.80, Alumax 3.5 million shares crossed for Rs. 49 million, its shares traded at Rs. 14 and LOLC Holdings 500,000 shares crossed for Rs. 22.75 million, its shares traded at Rs.455.
In the retail market five companies that mainly contributed to the turnover, were Expolanka Rs 1.18 billion (18.3 million shares traded), LOLC Rs. 402.4 million (901,000 shares traded), Dipped Products Rs. 358 million (6.2 million shares traded),Hayleys Rs. 318.7 million (3.9 million shares traded) and Royal Ceramic Rs. 298.4 million (7.8 million shares traded).
Further, a Sanasa Development Bank Secondary Public Offer was announced this week. The company intends to offer 83 million ordinary shares at a share price of Rs. 51.50 to raise Rs. 4.3 billion. The purpose of this move is to enhance future expansion activities and also meet the capital adequacy ratio directed by the Central Bank.
During the day, topmost contributors to the ASPI were, LOLC 15 pts, Expolanka 8.8 pts and Hayleys 5.2 pts. Besides, banking sector share prices saw a slight decline. During the day, 330 million share volumes changed hands in 34206 transactions.
Sri Lanka Tourism introduces e-learning platform for all SLTDA registered tourist guides.
As an initiative to uplift the reviving tourism industry in the country, Sri Lanka Tourism Development Authority in collaboration with Sri Lanka Institute of Tourism & Hotel Management (SLITHM) have introduced the continuous professional development (CPD) e-learning platform to all registered guides to enhance their knowledge and skills.
The launch of the continuous professional development (CPD) e-learning platform took place this week under the patronage of Minister of Tourism Prasanna Ranatunga, Secretary of the Ministry S. Hettiarachchi and Sri Lanka Tourism Chairperson Kimarli Fernando.
“Tourist guides play an important role in our tourism sector as they spend a lot of time with visitors from arrival to departure. It is important that our guides stay updated on their professional/technical knowledge and I hope this e-learning platform by Sri Lanka Tourism will help them enhance their knowledge and skills” Sri Lanka Tourism Chairperson Kimarli Fernando shared while the Minister congratulated all the officials who were involved in bringing this initiative to reality.
Knowledge improvement, obtaining expertise knowledge from veterans, develop active participation with guests, improve the link between Tourism institutions & guides are some key objectives of this e-learning platform.
If you are a registered guide with SLTDA, you can now sign up on https://sltda.gov.lk/e-learning/login and avail of the online courses.
A certificate of completion will be given at the end of the course from SLTDA and SLITHM.
Impact of Climate Change on marine and fresh water resources and combating water pollution
Trilateral virtual dialogue among Pathfinder Foundation, Russian International Affairs Council and Asian Confluence
The Pathfinder Foundation (PF) has initiated a trilateral dialogue involving Sri Lanka, India and the Russian Federation to discuss issues of contemporary relevance. The first trilateral dialogue will be held to day 4:30 PM SLST on the “Impact of Climate Change on Marine and Fresh Water Resources and Combating Water Pollution: Best Practices from Russia, Sri Lanka and India”.
For this dialogue, Pathfinder Foundation will be partnering with Russian International Affairs Council and Asian Confluence.
The distinguished panellists for the webinar are, Ambassador GlebIvashentsov, Vice President, Russian International Affairs Council, Ambassador (Retd.) Bernard Goonetilleke, Chairman Pathfinder Foundation, Ambassador. IFS(Retd.) Rajiv Kumar Bhatia, Member Governing Council, The Asian Confluence and Distinguished Fellow, Gateway House,Dr. Anastasia Likhacheva, Director, Centre for Comprehensive European and International Studies, Higher Schoolof Economics, Dr. B. V. R. Punyawardena, Chairman, National Steering Committee on Climate Change Adaptation, Governmentof Sri Lanka, Dr. Fraddry D’Souza, Area ConvenerandFellow, The Coastal Ecology & Marine Resources Centre, TERI Goa,India , Dr. Konstantin Zgurovsky, Senior Advisor, Marine Programme, WWF Russia, Mr. Sarath Premalal, Retired Director General of Meteorology of Sri Lanka and Prof. Vinay Kumar Dadhwal, Director, Indian Institute of Space Science and Technology Professor Indira Gandhi Chair, National Institute of Advanced Studies, India
Those who are interested in participating may kindly register at the following link; https://bit.ly/3AZbYAN Program details are available at https://bit.ly/3zdUkY3 . The event will also be live streamed on the PF Facebook Page https://www.facebook.com/pathfinderfoundation/
Doc990 and MyDoctor partner SLVA to extend accessible veterinary services islandwide
Sri Lanka’s premier digital health solutions service providers, Doc990 and MyDoctor are now enabling customers to access online veterinary services island-wide in partnership with the Sri Lanka Veterinary Association.
The national professional body serving and representing the interests of the veterinary profession in Sri Lanka, the Sri Lanka Veterinary Association (SLVA), is dedicated to providing continued excellence within the profession of animal medicine and the provision of outstanding care for all animals while also actively creating public awareness of the contribution of veterinarians island-wide.
This collaborative effort with Doc990 and MyDoctor will bring pet owners, owners of farm animals and good Samaritans the ability to access remote video consultations with leading, specialist veterinarians of their choosing, without the hassle of physically entering hospital waiting rooms, transporting animals etc. This timely, contactless service will not only be convenient but also a relief to pet owners and caretakers in the backdrop of travel restrictions as a result of the ongoing global pandemic.
Customers can engage in video consultations with their chosen vet by downloading the Doc990 mobile app from the Google Play Store or the Apple Store. Through its widening network of hospitals and medical services, Doc990 strives to make health care accessible and convenient for all Sri Lankans.
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