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.

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.

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.

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.

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

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

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.

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 Perade

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

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

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).

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 prestigiou

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).

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

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.

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

John Keells Holdings (JKH) is reported to have selected a consortium led by South Korea’s Hyundai Engineering and Construction, for a contract worth US $ 522 million to build its integrated resort in Colombo, South Korean media reports said.

International Lease Finance Corporation (ILFC) signed a 12-year lease agreement with SriLankan Airlines for three A350-900 aircraft yesterday.

Amana Bank is planning to list shares on the Colombo Stock Exchange (CSE) before the end of this year.

Governance reforms cannot be delayed if Asian nations are to promote higher growth, investment and poverty reduction, according to an update to the Asian Development Bank’s (ADB) flagship Asian Development Outlook report released yesterday.

Ceylon Theatres (Pvt) Ltd (Ceylon Theatres), the oldest theatre operator in the country and a subsidiary of C T Holdings PLC is now planning to expand its footprint taking their new generation film theatres to Jaffna.

Hemas Holdings PLC yesterday announced the appointment of two top professionals, Dr. Anura Ekanayake and Dinesh Weerakkody, as independent directors to its board.

Central Finance Company PLC (CF) has introduced to its “CF Lamaa” children savings accounts yet another value addition.

The Board of Investment of Sri Lanka (BoI) signed an agreement with Singapore Dialysis Medical Group (Private) Limited to develop and operate a specialized hospital for kidney dialysis.

AFP: China launched a free trade zone in its commercial hub Shanghai yesterday, state-media reported, with the project seen as a testing ground for much-needed reforms in the world’s second largest economy.

As a mark of respect towards the senior citizens of the country, Amana Bank introduced its very own Senior Citizen’s Savings Account on 1 October 2013 coinciding with World Elder’s day.

Pakistan High Commissioner in Sri Lanka Major General Qasim Qureshi hosted the Sri Lankan businessmen participating in Pakistan Expo 2013 along with the officials of the Export Development Board yesterday, at the Pakistan High Commission, prior to th

Aitken Spence is currently in negotiations with family-owned Spanish hotel chain, RIU Hotels and Resorts in connection with the construction of a new resort hotel in Ahungalla.

IFC, a member of the World Bank Group, launched a trade supplier finance facility with leading apparel exporting company Brandix. The first such facility in South Asia, the IFC Global Trade Supplier Finance programme will help Brandix boost internati

LIC (Lanka) Limited, a unit of Life Insurance Corporation (LIC) India, the world’s biggest life insurer sending a strong signal to the market said yesterday that they are to aggressively scale up operations to become the market leader in the li