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.
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.
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.
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.
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.
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.
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.
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.
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 their departure for Karachi.
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 international trade opportunities.
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 life insurance business.
CBSL maintains policy interest rates at their current levels
Fitch affirms Sri Lanka at ’Restricted Default’
Tourist arrivals below expectation: SLTDA
Sri Lanka economy slows ahead of presidential elections
Planned cuts to former presidents’ perks face legal hurdles
Govt. to conduct probe into e-visa fraud: Vijitha Herath
African leaders pour in congratulatory messages to President
Police security assigned for former MPs withdrawn