Last Updated : 31-07-2014 18:58

 
 

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LB Finance Rs.2bn debenture snapped up

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LB Finance PLC, a licensed finance company yesterday said its Rs.2 billion unsecured debenture issue was oversubscribed the opening day.
Views: 1665

DPL blames authorities for prolonged crisis

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Dipped Products PLC (DPL), a top glove exporter linked with the contentious water contamination issue in Rathupaswala yesterday accused authorities including the National Water Supply and Drainage Board and the Health Ministry, for failing to clear the misconception among the villagers concerning their non-involvement in water pollution that has eventually led to a halt in company operations.
Views: 1688

SL could become mini Singapore

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Despite Sri Lanka having a rich human resource, the country is yet to harness its full potential because of its low presence in providing professional services to other international markets, according to a top Standard Chartered Bank (StanChart) executive, who operates in the Asian region.
Views: 2271

DFCC makes Fiji entry

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The DFCC group has been selected as a consultant in the transformation of Home Finance Company (HFC) of Fiji, a state-owned financial institution with a limited offering of products and services.
Views: 1566

Mobitel powers CHOGM App

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In light of the 23rd Commonwealth Heads of Government Meeting (CHOGM) being held this week, the very first Android app developed in the history of CHOGM, titled ‘CHOGM 2013 – Sri Lanka’ is gaining quick popularity.
Views: 1532

Packer makes strong case for his Lankan casino

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Making a compelling case for his controversial integrated resort (IR) project in Sri Lanka, the Australian casino mogul and the Chairman of Crown Limited, James Packer yesterday stressed the need for Sri Lanka to identify the importance of providing the right tourism offering, if the country is serious about achieving her ambitious tourism targets.
Views: 2146

NDB comes up with biggest debt issue ever

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National Development Bank PLC (NDB), a development financier, yesterday announced its plans for Rs.10 billion listed debt, the largest ever debenture issue a listed company has so far announced.
Views: 1505

President visits and tweets to the world from Airtel booth

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President Mahinda Rajapaksa ceremoniously inaugurated the Business Forum of the Commonwealth Heads of Government Meeting at the Hotel Cinnamon Grand yesterday.
Views: 1651

Neapli billionaire calls for policy consistency to boost SAARC investments

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Nepal’s first Forbes billionaire yesterday called for policy consistency by governments in the region, to foster investments and become globally competitive.
Views: 1489

Fashion Bug takes another stride in contributing to regional development

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Fashion Bug, one of Sri Lanka’s leading retail clothing stores with over 17 outlets island-wide, completed yet another project by donating a computer unit, under its present Social Sustainability platform titled ‘Sisu Dirimaga’.
Views: 2100

Italian high-end restaurant chain plans Lankan entry

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High-end Italian restaurant chain SOHO is currently in discussions with potential local partners to set up a luxury restaurant in Colombo as early as next year, followed by a second restaurant in Galle, according to the founder owner.
Views: 2968

Commonwealth Association of Accountants launched

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With the objective of bringing together the accounting professionals of the Commonwealth countries under one common platform, Sri Lanka last week took the lead in launching the first-ever Commonwealth Association of Accountants (CAA).
Views: 1412

CCC urges businesses to make use of CBF

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The Commonwealth Business Forum (CBF) to be held from November 12 to 14 in Colombo within the ambit of CHOGM, would definitely provide the Sri Lankan businesses the prospect of harnessing new as well as expanding their existing business dealings to a greater level, a media statement by the Ceylon Chamber of Commerce (CCC) stated.
Views: 1360

S’pore bourse selects MillenniumIT as post-trade tech partner

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MillenniumIT, London Stock Exchange’s proprietary technology business service provider said yesterday that it has been selected by Singapore Exchange (SGX) to power the bourse’s post trade operations.
Views: 1744

Hemas announces key changes to top management

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Hemas Holdings PLC yesterday announced changes to its director board and the top management.
Views: 1922

Mobitel mTicketing now enables government employees to make reservations via warrants

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The National Mobile Service Provider, Sri Lanka Telecom Mobitel which introduced the innovative mTicketingservice which also offers purchasing train tickets via your Mobitel phone, has now extended its services for the greater convenience ofgovernment employees through a new service titled ‘mWarrants’. 
Views: 2476

Aitken Spence in US $ 100mn resort deal with Spanish chain

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As exclusively reported by Mirror Business a couple months back, Sri Lanka’s Aitken Spence PLC yesterday said it is teaming up with Spanish Hotel chain RIU Hotels to set up a US $ 100m million resort in Ahungalla.
Views: 1708

Krrish Group says Transworks project in tact

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India’s Krrish Group, which is supposed to be building a luxury apartment complex on the Transworks House land in Colombo Fort, yesterday, denied the claims that the Transworks site is going to be offered to potential investors attending the forthcoming Commonwealth Business Forum.
Views: 2742

Eden Lanka acquires Dickwella Resorts for Rs.1.5bn

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Eden Hotel Lanka PLC (Eden) said it is buying 99.9 percent of Dickwella Resorts (Pvt) Ltd (Dickwella), a 76-room luxury property for Rs.1.5 billion from LOLC Leisure Ltd, a subsidiary of LOLC Group.
Views: 1858

Lanka Walltile ups stake in Lanka Tiles

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Lanka Walltile PLC has acquired 13.59 percent of Lanka Tiles PLC in a deal worth over Rs.575 million. The purchase was executed at Rs.80 per share.
Views: 1427

Sriyan appointed Textured Jersey CEO

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Sriyan de Silva Wijeyratne, who stepped down as Country Manager, Sri Lanka and Bangladesh for Microsoft, has been appointed MD/CEO of knit fabric maker, Textured Jersey Lanka PLC.
Views: 2367

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The scene of a tragedy
Video: Health workers in protest march
Video: Ravana Balaya at Buddha Sasana Ministry
Japanese coastguards cleaning Mt. beach