Citrus subsidiary to manage hotel

?Citrus Silver Limited, a subsidiary of Citrus Leisure PLC has entered into a sub lease agreement with George Steuart and Company Limited worth Rs.132.3 million to manage The Steuart by Citrus. 

Finance and Highways Ministers discuss Central Expressway construction

?A discussion was held on June 17 at the Finance Ministry between the Highways and Investment Promotion Minister Kabir Hashim, Finance Minister Ravi Karunanayake...

9th WCC focuses on creating greater SME strategy for inclusive, sustainable businesses

?The ninth World Chambers Congress (WCC) was held in Turin, Italy recently, attended by over 1000 delegates representing a large number of leaders of business chambers and trade and industry associations of the world.

Maldivian company to invest US$ 3 mn in luxury chalets

?The Board of Investment of Sri Lanka granted approval to Alpha Kinam Holdings Lanka (Pvt) Ltd to set up a hotel project consisting of 13 Eco type luxury suites and 26 chalets in Matale. The project represents an investment of US$ 3 million.

Asanga exits Nation Lanka Finance

?Investor Asanga Seneviratne yesterday sold his entire interest in Nation Lanka Finance PLC, a registered finance company, in a deal worth over Rs.335 million.

Public sector focus on HR not very promising: IPM

The Institute of Personnel Management Sri Lanka (IPM) President asserted that public sector does not pay much attention to developing their human resources, which if done properly would contribute immensely to the country’s  economy.

Adam Capital incorporates new entity to enter micro finance business

?Adam Capital PLC, a subsidiary of Adam Investments PLC said it incorporated a company to enter into the micro credit business. The name of the new entity is Adam Capital Micro Credit (Pvt) Ltd.

Tokyo Cement ventures into producing manufactured sands

?Leading cement manufacturer Tokyo Cement Company (Lanka) PLC has ventured into producing of manufactured sands, the company informed the Colombo Stock Exchange yesterday.

People’s Insurance says no IPO for now

In response to Mirror Business story titled “People’s Insurance IPO on the cards,” People’s Insurance Limited Chairman Jehan Amaratunga in a statement said the company currently has no plans to go for an Initial Public Offering (IPO).

Rupee at record low as state bank lowers dollar selling rate

?REUTERS: Sri Lankan spot rupee fell to a record low yesterday after a state bank, through which the Central Bank usually directs the market, lowered its dollar selling rate by 20 cents to Rs.134.20 per dollar, dealers said.

Ma’s Organic Soups offer delicious flavours and healthy lifestyles

?Responding to a growing desire by customers seeking organic and natural produce Ma’s Foods is introducing its new Happy Home Organic Soup range.

Blue Mountain extends presence to Kurunegala

? Blue Mountain Group, recently opened a new branch office in Kurunegala, as part of the ongoing expansion of its network in the North Central and North Western Provinces.  

Discovery Networks Asia-Pacific acquires Setanta Sports Asia

?Discovery Networks Asia-Pacific (DNAP), a division of the #1 pay-TV programmer Discovery Communications, announced its acquisition of Setanta Sports Asia Limited, a premium sports channel specializing in rugby.  

Sinopec Lubricants powers INCO 2015

?Sinopec Lubricants will power the INCO Industrial Exhibition and Trade Fair once again as the Official Lubricant Partner for the INCO 2015 which will be held at the Bandaranaike Memorial International Convention Centre (BMICH) from June 26-28. 

“My Dad & Me” at Abans to celebrate Father’s Day

?Abans cordially invite fathers to participate in their Father’s Day promotion “My Dad & Me” to be held on Saturday 20th June from 10.00 a.m. onwards at Abans Elite Showroom, Kollupitiya.

iDealz Lanka’s Rizvi Rifkhan scoops Huawei-Singer’s Best Retail Partner Award

?Ahmed Rizvi Rifkhan of iDealz Lanka was adjudged the top performer in the inaugural Huawei-Singer Retail Partner Awards at a ceremony held at the Waters Edge recently.

Link Natural, Janet Ayurvedics, Native Herbals sponsor ‘Ayurveda Expo 2015’

?At a brief ceremony held at the National Chamber of Commerce (NCC), the sponsors namely Link Natural (Pvt.) Ltd – Principal sponsor, Janet Ayurvedics (Pvt.) Ltd – Silver sponsor and Native Herbals (Pvt.) Ltd...

NCE President to address WTO 5th Global Aid for Trade event in Geneva

?The World Trade Organisation (WTO) 5th Global Aid for Trade is to be held in Geneva from July 1 – 4, 2015.  Sarada M. De Silva, who is the President of the National Chamber of Exporters of Sri Lanka (NCE)...

Sri Lanka International University Romp-2015 “Strangers”

The Sri Lanka International University Romp-2015 organized by the Department...

Economy to grow 7.2% in 2015: Ravi

The Sri Lankan economy is expected to expand 7.2 percent this year despite a sluggish increase...

Grains ‘n’ Green invests Rs. 150 mn in rice milling factory

Grains ‘n’ Green (pvt) Ltd., a company headed by businessman Roshan Perera has ventured...

SLPA awaits Cabinet nod to set up cruise ship terminal at Colombo Port

The Sri Lanka Ports Authority (SLPA) has forwarded a proposal to the Cabinet to construct a cruise ship terminal in the Colombo Port.

Sliding rupee may hurt banks with foreign currency borrowings: report

The depreciation of the rupee (LKR) is likely to have a negative impact...

Kabir meets with ex-Japanese Foreign Affairs Vice-Minister

Highways and Investment Promotion Minister Kabir Hashim met with former Japanese Foreign Affairs...

CCC to hold ‘Sri Lanka Economic Summit 2015’ in August

‘Sri Lanka Economic Summit 2015’, an annual event organised by the Ceylon Chamber of Commerce....

NCC organises ‘Night Work for Women and Five Days Working Week’ forum

The National Chamber of Commerce (NCC) is always in the forefront and makes a special...

CA Sri Lanka focuses on liberalization of professional services

Leading professional figures from diverse sectors will come together to share their thoughts at an interactive....

Asha Central property yet to be disposed

The country’s youngest conglomerate Softlogic Holdings PLC is yet to dispose...

Rum Punch partners Asia’s largest online fashion store

Rum Punch, an exclusive brand of resort wear founded by Rukshika Fernando Seneviratne and Binara Seneviratne,

Omacx Healthcare cleared of allegations; ready to bounce back with profits

Omacx Healthcare (Pvt) Ltd, a leading pharmaceutical company in Sri Lanka set the record straight...