Last Updated : 20-04-2014 22:27

 
 

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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: 1542

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: 1159

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: 1912

SL’s domestic investment strategy not sustainable: Prof. Indraratna

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Sri Lanka’s strategy of meeting domestic investment requirements through borrowing cannot be sustained for much longer, according to Sri Lanka Economic Association (SLEA) President Prof. A. D. V. De S. Indraratna.
Views: 1811

Sri Lanka opens first private air terminal

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Sri Lanka opened its first private sector-operated domestic air terminal at the Bandaranaike International Airport (BIA) recently.
Views: 2913

Ceylon Beverage invests Rs. 238mn in restaurant subsidiary

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Ceylon Beverage Holdings PLC has made a Rs.238 million investment in its fullyowned subsidiary, Pubs ‘N Places Private Limited, which is engaged in the business of owning and franchising out restaurants.
Views: 1367

Hameedia to dress Lankan cricketers

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Sri Lanka Cricket yesterday announced the appointment of men’s clothing specialists, Hameedia, as the official formal clothing sponsor of the Sri Lanka national cricket teams.
Views: 1055

Browns Investments to acquire controlling stake in Sun & Fun

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Browns Investments PLC said it has signed an agreement with Sun & Fun Resorts Ltd to invest Rs.250 million to acquire 50.1 percent of the company and to construct a four-star international standard hotel in Pasikudah with 71 rooms.
Views: 1227

India's Maruti to set up manufacturing plant here

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Maruti Suzuki India Limited, (Maruti Suzuki), India’s largest car manufacturer yesterday announced their plans to set up a car manufacturing plant in Sri Lanka and are confident of starting operations as early as next year if all goes well.
Views: 1522

IFS gets service standards certification from KPMG

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A unit of IFS Sri Lanka was appraised at Level 3 Capability Maturity Mode Integration (CMMI) certification by KPMG recently.
Views: 1279

Ministry of Education together with Mobitel implements the student iCard project

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The National Mobile Service Provider, Sri Lanka Telecom Mobitel, along with the Ministry of Education today inaugurated the implementation of the student iCard project amongst schools in Sri Lanka. Royal College, Colombo is the first school to start using the iCard for attendance monitoring.
Views: 1962

Proposed Crown Resort staff to be trained by William Angliss Institute in Sri Lanka

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The William Angliss Institute entered into an agreement with Crown Sri Lanka Resort to provide hospitality training through the Colombo Academy of Hospitality Management (CAHM) recently.
Views: 2499

Petroleum Science studies enter university curriculum

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The University Grants Commission of Sri Lanka (UGC) with the support of the country’s state-run petroleum exploration unit, Petroleum Resource Development Secretariat (PRDS) announced the commencement of Petroleum Sciences degrees at the Peradeniya, Moratuwa and Sri Jayawardenapura Universities yesterday.
Views: 1804

Mihin to commence direct flights to Seychelles

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Mihin Lanka is to operate direct flights twice a week from Colombo to Mahe, the largest island of Seychelles, beginning November.
Views: 1344

TGI Fridays opens first outlet in Colombo

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US-based restaurant franchise TGI Fridays opened its first outlet in Colombo adjacent to the Dutch Hospital shopping precinct.
Views: 3303

CDB secures US $ 6mn Belgian funding

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Citizens Development Business Finance PLC (CDB) announced the securing of a US$ 6 million (approximately Rs780 million) funding line from Brussels-based Belgian Investment Company for Developing Countries (BIO).
Views: 1068

Mobitel bags the prestigious ‘Service Brand of the Year’ award at SLIM Brand Excellence 2013

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National Mobile Service Provider Sri Lanka Telecom Mobitel in its vision to lead Sri Lanka towards an info-com and knowledge rich society, through its service offerings has yet again confirmed its commitment to its customers by winning the prestigious ‘Service Brand of the Year’ Award at the 12th  SLIM Brand Excellence 2013 held on Wednesday.
Views: 1601

Sri Lanka should reduce thermal energy reliance: Report

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Sri Lanka must look at reducing its reliance on thermal energy while increasing the role of renewable energy in the country’s total power generation mix, according to a report from the Asian Development Bank (ADB).
Views: 2817

Dialog launches K-series smartphone range

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Sri Lanka’s mobile services operator Dialog Axiata PLC added two Android-based Dialog smartphones to its existing portfolio, increasing the options available for those seeking affordable smartphones, while widening the portals of accessibility to mobile Internet usage to a wider representation of Sri Lankans.
Views: 2816

Touchwood to pay all matured contracts in 8 months

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Touchwood Investments PLC yesterday undertook in courts to repay all matured contracts within a period not exceeding eight months in three instalments, according to the lawyers appeared for the company.
Views: 1737

Amãna Bank enters Ratnapura

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Amãna Bank opened its doors in the gem capital of Sri Lanka, taking its unique model of banking services to the residents of Ratnapura. The 24th branch of the bank is situated at 131-133, Main Street, Ratnapura and is the 10th branch opened by the bank during this year.
Views: 1767

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Yanni ready to rock Colombo
Recalling the ordeal
The ride that ended in tears
Bad weather destroys houses in Mahakachchikodi