Road Works
The Road Development Authority has commissioned a Korean Company to carry out a feasibility study to rehabilitate the Puttalam-Trincomalee (A12) Road.The study …
Industry
Direct Dialling
It is understood that the Premier had advised senior state officials to consider direct offers, with the option of listing part of the stake in the country of …
Sixth Sense
Thai resort and spa chain lquote Six Senses is in talks with John Keells Holdings, to develop a luxury tea spa on a 600-acre stretch of Maskeliya …
Boom Times
The Janashakthi Group expanded its property portfolio on Monday by taking full control of Kelsey Holdings (Pvt) Ltd.The deal, which cost just under Rs. 50 mn …
Water Birds
SriLankan Airlines will float its amphibious planes in November, whisking visitors off the runway and over ocean to the hills or as far off as Trincomalee in a …
Tourist Dollars
Sri Lanka is beginning to put in place its tourism infrastructure, with eight key areas around the island and four zones in the North and East tagged for …
Out Of CRIB
The local credit information agency is trying to add value to its services with donor help.Credit Information Bureau says that World Bank help is on offer to …
Cash Injection
The long established company plans to raise Rs. 300 mn through the Initial Public Offering sometime in November.rnrnShares will be offered at Rs. 20 each, …
Here She Comes
George OMarie, the first local designer label will hit shops around the world early next year.Backed by a top garment exporter Readywear Industries, the brand …
Malaysians Sail In
A top Malaysian business tycoon, Tan Sri Gnanalingam is keen to invest in and manage BOI free trade zones while also tapping potential of the leisure …
JKH Big Bang
John Keells Holdings entered the property market with a bang by taking a stake in Asian Hotels for Rs. 4 bn.The acquisition of the 60 percent stake gives JKH …
Go For Rating
Central Bank Deputy Governor W. A. Wijewardene told LBR that the credit rating would be in place early next year with bank funding for the whole …
Stricking it Rich
Following industry feedback, Development Lotteries Board (DLB) will launch two more draw based tickets to fill its current lquote off days - Mondays and …
Zipped Up
Zeelabs signed a deal to exclusively market and build upon Temptation Technologies (TT) 3D imaging products. Zeelabs is an integrated technology provider with …
Engaged Tone
Sri Lanka Telecom on Thursday informed the stock exchange that it had launched a bid to buy up wireless local loop operator Lanka Bell."SLT has entered into a …
Information Hunt
Peoples Bank restructuring committee has hired consultants PricewaterhouseCoopers to draw up an information memorandum for the bank.The consultants will put …
Growing Wings
An ambitious three-year expansion drive to upgrade the Bandaranaike Airport into a regional air hub officially got off ground Wednesday.The Airport is being …
Tidy Sum
The government has picked up Rs. 262 mn as dividends from SriLankan Airlines, after the national carrier reported a Rs. buy robaxin online …
Canal Park
Colombos underutilised canal system is getting fresh life, with the private sector called in to develop four of the citys waterways.rnrnThe sites include the …
All Or Nothing
Sri Lanka Telecom has made an official pitch to take up a controlling stake in the third fixed line operator Lanka Bell.Lanka Bell, which uses wireless local …