Last Updated : 18-04-2014 15:42

 
 

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Holcim, Lafarge agree merger to create cement giant

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REUTERS: Switzerland’s Holcim has unveiled an all-share deal to buy France’s Lafarge to create the world’s biggest cement maker with combined sales of 32 billion euros.
Views: 1778

ComBank to start Myanmar operations soon: Chairman

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Commercial Bank PLC (Combank), Sri Lanka’s largest private sector bank yesterday expressed optimism of their foray into the fast emerging Southeast Asian nation, Myanmar before the third quarter of this year.
Views: 2494

Wijeya Newspapers partners Wow.lk to form largest interactive classified portal

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Wijeya Newspapers Limited owned Hit Ad and Lahipita, Sri Lanka’s largest classified giants joined hands with Dialog’s wow. lk, to create the country’s largest interactive mobile and web-based classifieds portal.
Views: 2864

CEAT to open Rs.600 mn radial plant in Kelaniya

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CEAT Kelani Holdings, the company that manufactures half of Sri Lanka’s tyre requirements, has announced a further commitment to the country in the form of an investment of Rs.600 million on a new tyre plant to produce highend radial tyres.
Views: 2409

Dialog Axiata invests further US $ 115mn to expand ICT infrastructure

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Dialog Axiata PLC, a unit of Malaysia’s Axiata Group, has recently inked a deal with Sri Lanka’s Board of Investments (BoI) to invest a further US $ 115 million, approximately Rs.15 billion, to expand Dialog’s nationwide telecommunication networks and digital satellite television services.
Views: 3110

‘The Elements’ - Fairway Holdings launches its 4th Luxury Apartment Project

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Emerging from the fusion of the elements, life is born anew to fulfil the dreams of those who wish to embrace it. Pure in form and perfect in spirit, "The Elements by Fairway" is a celebration of eternal life...in perfect harmony.
Views: 3202

Public and private cruises to be launched along country’s west coast

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Sri Lanka’s first tourist yachting company, Sail Lanka Charter (Pvt) Ltd, recently announced the launch of public and private cruises along the country’s west coast on board the company’s 48 foot sailboat, Topaz which is moored at the Beruwala Harbour.
Views: 2691

Etisalat comes on board with Dialog’s eZ Cash

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Dialog Axiata PLC, a unit of Malaysia’s Axiata group, yesterday announced that Sri Lanka’s Central Bank had granted its approval to extend Dialog’s mobile money platform eZ Cash to the country’s third largest mobile operator Etisalat Lanka (Pvt.) Ltd as well.
Views: 4611

Unilever’s Pureit : “Democratizing safe water”

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Pureit is an international range of water purifiers made by Unilever currently sold in India, Mexico, Brazil, Nigeria, Indonesia and Bangladesh, consisting of eight models - Pureit Classic, Pureit Advanced, Pureit Compact, Pureit Classic Autofill, Pureit Intella, Pureit Marvella, Pureit Marvella UV and Pureit Marvella RO.Pureit was first launched in Chennai India in 2005 and was subsequently introduced in Sri Lanka 2 ½years ago. Following are the excerpts of an interview held with Unilever Sri Lanka Ltd. Marketing Director - HPC & Water Siddharth Banerjee highlighting the Pureit’s role in Sri Lanka.
Views: 4410

LB Finance named Sri Lanka’s best retail finance company

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Global Banking & Finance Review, UK adjudged LB Finance PLC as “Best Retail Finance Company in Sri Lanka for 2013”, awarded on the back of the company’s outstanding efforts to support Sri Lanka’s small and medium entrepreneurs.
Views: 3691

Former Air Force Commander assumes duties as BoC Chairman

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Former Air Force Commander Air Chief Marshall Harsha Abeywickrema assumed duties as the new Bank of Ceylon (BoC) Chairman yesterday.
Views: 3943

Lubricant player calls for an effective regulator

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The Public Utilities Commission of Sri Lanka, which operates as the shadow regulator in the absence of a proper regulator, has not been empowered to deal with the issues confronting the lubricant industry, a top official of Sri Lanka’s largest lubricant industry player stated.
Views: 3697

Public unrest against another Hayleys factory

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Just under seven months to the incident which led to the closure of the Weliweriya glove manufacturing plant, another Hayleys group factory, Hanwella Rubber Products Ltd located in Hanwella has taken public to the streets, interestingly for the same contamination issue.
Views: 3977

Hennayake elected APB President

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The Association of Professional Bankers (APB) has elected Piyal D Hennayake as its President at the AGM held recently. He succeeded Sampath Bank CEO/MD Aravinda Perera.
Views: 4309

Lee Hedges to build Rs.1.2bn office complex

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Lee Hedges Investment Ltd, a fully owned subsidiary of Lee Hedges PLC has signed an agreement with Board of Investment (BoI) for a 15-story office complex in Colombo 03 at an estimated cost of Rs.1.2 billion.
Views: 4085

Commercial Bank Rewards Winners of the Special SMS Promotion on International Women’s Day

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The exclusive women’s savings account, Anagi from Commercial Bank, conducted a special SMS promotion based on the theme ‘The woman who inspired me the most’ in collaboration with Wijeya Newspapers Ltd to commemorate International Women’s Day on the 8th of March 2014.
Views: 4452

Sri Lanka to witness first pre-owned Porsche car fair

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Eurocars (Private) Limited, the official Porsche importer in Sri Lanka, is organizing for the first time a Porsche approved preowned car fair from March 8 to 9, at Arpico car park at Union Place.
Views: 5821

Singer Sri Lanka posts marginal growth in challenging 2013

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Consumer durables retailer Singer Sri Lanka said it recorded ‘marginal growth’ for the year ended December 31, 2013 (FY13) amid challenging business environment aggravated by low customer demand.
Views: 4942

SLT raises US $ 100mn to upgrade infrastructure

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Sri Lanka Telecom PLC, the leader in fixed telephone services in the country has raised US $ 100 million five- year term loan facility with the support of HSBC and Sampath Bank.
Views: 5730

Harsha demands for EPF’s audited accounts again

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United National Party Parliamentarian and economist, Dr.Harsha de Silva yesterday once again raised the issue of non-submission of audited accounts of Employees’ Provident Fund (EPF) —the largest superannuation fund controlled by the Central Bank—to the Parliament for the year 2011.
Views: 5394

Avirate expansion plan & launch of Spring/Summer 2014

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Avirate, the leading women’s clothing retailer in Sri Lanka held a press conference on Friday 21st Feb 2014 to announce the launch of their new Spring/Summer 2014 collection, combining casual, sassy street wear, festival trends and elegant evening wear & also to talk about their expansions globally this 2014.
Views: 5900

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