Last Updated : 29-08-2014 21:55

 
 

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Altair awards construction contract to Shapoorji Pallonji

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The US$ 3 billion construction company, Shapoorji Pallonji has been appointed the main contractor for Sri Lanka’s Altair residential twin tower in Colombo.
Views: 4355

Hayleys Q3 profits plunge

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Hayleys PLC posted a profit of Rs. 338.6 million during the quarter ended 31st December 2013, down sharply from the previous Rs. 662.4 million.
Views: 3183

Boeing sees Asia-Pacific fleet nearly tripling over 20 yrs

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Boeing maintained its 20-year forecast for airplane demand at US $ 4.8 trillion and predicted that nearly half of the world’s air traffic growth would be driven by travel to, from or within the AsiaPacific over the next two decades.
Views: 3488

Commercial Bank to pump up investment banking business

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Commercial Bank of Ceylon has signalled its intentions to sharpen its focus on the sphere of investment banking, with the relaunch and renaming of its Corporate Finance Unit as ‘Commercial Bank Investment Banking’ to reflect the broader dimensions of the unit.
Views: 4338

Access Engineering completes Eastern province bridge construction project

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Post-war infrastructure development in the North and East involved the construction and rehabilitation of a number of bridges and culverts along various roads.
Views: 3398

Ceylon Cold Stores profits swell 315%

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Ceylon Cold Stores PLC profits improved by a drastic 315 percent year-on-year (YoY) to Rs.259.4 boosted by strong operating profits during the quarter ended December 31, 2013. The turnover increased by 8 percent YoY to Rs.6.30 billion while the cost of sales increased by a modest 6 percent YoY to Rs.5.48 billion, leading in turn to a gross profit of Rs.826.1 million, an increase of 24 percent YoY.
Views: 3782

BoI nets Rotterdam-based IT company

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ISM eCommerce recently signed an agreement with the Board of Investment (BoI) for setting up a project to develop software and provide business process outsourcing (BPO) services for the export market. The total value of this investment is US $ 3 million.
Views: 3007

Havelock City Chairman S P Tao Donates New Temple Complex for Sama Vihara

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The reconstructed Sama Vihara Complex fronting Havelock City Project was declared open by His Excellency President Mahinda Rajapaksa amidst a distinguished gathering at a grand opening ceremony held recently. The temple was a gift from Havelock City’s Chairman, the visionary entrepreneur and leader, Mr. S P Tao.
Views: 3137

Growing business with CRM

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If you’ve heard of customer relationship management (CRM) and wondered why it’s so important, it’s simple. No matter what business you’re in, unless your customers are happy you won’t succeed and this is why CRM is so important - more important than sales or marketing or any other part of the company that wouldn’t survive without customers.
Views: 5860

Havelock City Unveils a Spectacular Clubhouse

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An architectural masterpiece spanning over 60,000 sq. ft. with luxurious star-class facilities where one will be spoilt for choice, is at the doorstep of every Havelock City resident at the newly opened clubhouse.
Views: 3453

Malaysia’s RAM announces sale of RAM Ratings Lanka

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RAM Holdings Berhad has divested RAM Ratings (Lanka) Ltd, its wholly-owned subsidiary in Sri Lanka. The acquisition was led by the management team from RAM Lanka comprising Mahinda Preethiraj Jayawardena and Adrian Perera.
Views: 2686

CIFL depositors seek Presidential intervention

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The depositors of distressed finance company Central Investment & Finance PLC (CIFL), who opposed the restructuring plan proposed by the Central Bank, yesterday requested a dialogue with President Mahinda Rajapaksa for relief.
Views: 2325

CIFL depositors protest

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The distressed depositors of Central Investments & Finance PLC (CIFL) yesterday staged a protest in front of the CIFL head office in Dharmapala Mawatha, demanding their moneys back
Views: 2153

Overseas Realty receives accolade for energy efficiency

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Striving for eco-friendly spaces Overseas Realty – owner, developer, manager of the most iconic building in Sri Lanka, the World Trade Center, Colombo (WTC) was recognized as the most energy efficient building under large scale commercial buildings sector at the Sri Lanka National Energy Efficiency Awards 2013 held at the BMICH.
Views: 2768

First passenger vessel at MRMRP port

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The luxury cruise liner MV Voyager called at Magam Ruhunupura Mahinda Rajapaksa Port (MRMRP) in Hambantota recently, creating history as the first cruise vessel to call at the port.
Views: 3038

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: 2427

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: 2260

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: 5725

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: 2542

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: 2602

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: 13152

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