Last Updated : 30-07-2014 05:52

 
 

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Borderlands Circumnavigates Sri Lanka by Kayak to Celebrate 10th Anniversary!

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Sri Lanka’s leading adventure company, Borderlands, will be marking its 10th year in the country by organizing the first ever planned circumnavigation of the island by kayak, with Mount Lavinia Hotel playing host to the inaugural paddle.
Views: 2334

Despite CHOGM, November tourist arrivals up only 3%

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Tourist arrivals to the island grew only 2.8 percent in the month of November compared with the corresponding period of the previous year, the data released by the Sri Lanka Tourism showed
Views: 2189

Dipped Products to invest in new glove manufacturing facility in Biyagama Zone

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Dipped Products PLC, the rubber glove manufacturer of Hayleys Group said it is investing in a new facility at the Biyagama BOI Zone, where commercial operations are expected to commence from mid April 2014.
Views: 5126

Expolanka divests 38% stake in APIIT for Rs.664mn

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Expolanka Holdings PLC yesterday sold a 38 percent stake in Asia Pacific Institute of Information Technology (Pvt.) Limited (APIIT) to a Malaysian private equity fund in a deal worth Rs.663.7 million.
Views: 2457

Aitken Spence invests US $ 30mn in ‘Heritage Grove’ luxury villa

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Aitken Spence, the blue-chip conglomerate which has a strong presence in Sri Lanka’s commercial sector as well as the region, recently announced the launch of its upmarket luxury complex ‘Heritage Grove’, aimed at providing the ideal lifestyle for those wanting to spend the autumn of their lives in ultimate comfort.
Views: 2520

Subway to make Lankan entry in 2014

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The Subway restaurant chain, the largest submarine sandwich chain in the world, will launch its first restaurant in Sri Lanka in 2014.
Views: 12550

Sampath Bank launches first “Cardless Cash ATM”

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Sampath Bank , the pioneer in introducing many an innovation to the Sri Lankan banking sector yesterday launched its latest state-of-the-art banking facility “Cardless cash ATM” for the first time in Sri Lanka.
Views: 3357

Dialog becomes Apple iPhone partner in Sri Lanka

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Dialog Axiata PLC announced it will offer iPhone 5s, the most forward-thinking smartphone in the world, and iPhone 5c, the most colorful iPhone yet, to customers from today (December 13). The announcement follows Dialog being appointed the first and only Authorised Partner and Service Provider for Apple iPhone in Sri Lanka.
Views: 3302

NDB Rs.10bn debt issue oversubscribed

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National Development Bank PLC’s (NDB) Rs.10 billion debenture issue—the largest to-date—has been oversubscribed, the Registrars to the issue, SSP Corporates said a while ago
Views: 1776

Eden draws Rs.1.5bn loan from Seylan to finance Dickwella purchase

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The Board of Directors of Eden Hotel Lanka PLC approved a 6-year funding facility from Seylan Bank PLC worth Rs. 1.5 billion, to finance the company’s purchase of Dickwella Resorts (Pvt) Ltd.
Views: 1688

Hemas declares open modern container terminal

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Hemas Integrated Logistics (Pvt.) Ltd showcased its Inland Container Terminal and Services division to its customers and well-wishers, recently.
Views: 1679

Sampath to list debentures tomorrow

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Debentures of Sampath Bank will be listed on Colombo bourse’s Main Board tomorrow. Samapth raised Rs.5 billion in a five-year debenture issue, issuing 25 million rated, unsecured, subordinated, redeemable debentures at Rs.100 each with an option to issue a further equal amount in the event the first tranche is oversubscribed.
Views: 1454

EZ Cash connected to government payment service

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Sri Lanka’s Infor mation and Communication Technology Agency (ICTA) and Dialog Axiata PLC announced that Sri Lanka’s first and largest mobile payment and transaction service - eZ Cash had been selected and integrated as the first mobile payments service provider to Lanka Gate - the eServices portal of the Sri Lankan government.
Views: 3499

Lanka Hospitals adjudged 1st runner up at CIMA Business Case Awards 2013

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Lanka Hospitals today announced that it was adjudged 1st runner up at the CIMA Business Case Awards 2013, for their case study on ‘A Thriving Business Model in the State Sector - the Lanka Hospitals Story.’
Views: 2863

Sampath Bank Rs.5bn debt issue oversubscribed

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Samapth Bank PLC yesterday said its Rs.5 billion debenture issue was oversubscribed and the issue would close at 4.30 p.m.
Views: 1616

Dunamis to invest Rs.200mn in leather factory

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Dunamis Capital PLC, an investment firm connected to the Janashakthi group, said it plans to invest Rs.200 million in a fully-owned subsidiary, namely Premier Synthetic Leather Manufacturers (Pvt.) Ltd, a Board of Investment (BoI) company, manufacturing leather and related products for the local market.
Views: 1538

SriLankan, Mihin lose Rs. 16bn in first half

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The two state-owned airlines, which share the same Chairman and CEO has reported an operating loss over Rs.16.4 billion during the first half of the financial year 2013/14 despite an increase in the passenger load factor, a Finance Ministry report showed.
Views: 3226

World’s largest modular carpet company mulls Lankan entry

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Interface Inc., the world’s largest marker of modular carpets for commercial and residential applications may enter Sri Lanka with its plans to start a production facility in India, a top Interface official said.
Views: 2490

CB says 8 finance companies distressed

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Central Bank of Sri Lanka yesterday said there are eight distressed finance companies in the country under its off-site and on-site supervision.
Views: 2566

Mobitel introduces ‘mCash’; the most quick and convenient method to carry out monetary transactions

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Living by its credo of ‘We Care. Always.’ the National Mobile Service Provider, Sri Lanka Telecom Mobitel has introduced another life-style convenient service to its customers called ‘mCash’.
Views: 3422

SLPA leases H’tota LPG tank facility to Litro

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The Sri Lanka Ports Authority (SLPA) and Litro Gas Terminal Lanka (Pvt.) Limited yesterday signed a lease agreement for the liquid petroleum gas (LPG) facility of the tank farm at Magam Ruhunupura Mahinda Rajapaksa Port (MRMRP) for a period of 10 years.
Views: 1765

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