Commercial property development group, RIL Property Limited (RIL), yesterday started trading on the Colombo Stock Exchange, with the share opening at Rs.9, one rupee above the issue price to later settle down at Rs.8.40-50 levels.
The Sri Lankan apparel major, MAS Holdings, which has extensive operations in the South Asian region, has taken a significant step as it sealed its commitment to become the first Sri Lankan apparel group to commence manufacturing in the United States.
The Board of investment of Sri Lanka hosted a delegation from the China Council for the Promotion of International Trade (CCPIT) Beijing Chapter that was visiting Sri Lanka to study the potential for trade and investments between the two countries.
Shangri-La Hotels and Resorts, the Hong Kong-based luxury hotel operator, revealed extensive details about its exciting pipeline of new luxury properties across the Indian Ocean and Asia at a press conference held yesterday at the Arabian Travel Market 2017, which is currently underway.
Sri Lanka will require an extensive study on the country’s tourism carrying capacity, a top government official told Mirror Business recently, amid the ongoing government plans to attract higher volumes of tourists to the country.
The current economic performance of Sri Lanka was given a special praise during the biannual summit of the International Monetary Fund and World Bank at Washington DC, which concluded yesterday, a Finance Ministry statement said, quoting Finance Minister Ravi Karunanayake.
Amid the dearth of foreign investments to Sri Lanka, SK Group, a Fortune 500 company and South Korea’s 3rd largest diversified conglomerate yesterday announced that it will be making a US$30-40 million equity investment in local car manufacturing and assembly pioneer Micro Holdings (Pvt) Ltd. “It is an honour to partner with Micro. We are hoping to help Micro expand its production facilities, its industry related clusters and new proj
Diversified conglomerate Hayleys PLC, continuing with its buying spree, yesterday struck a mega deal to acquire a 71 percent stake in leading consumer durables retailer Singer (Sri Lanka) PLC (SSL) in a whopping Rs.12.5 billion deal.
SriLankan Airlines yesterday celebrated the return to all day operations at its hub in Colombo’s Bandaranaike International Airport (BIA) by feting all passengers who arrived on the first flight of the day with traditional Sri Lankan milk rice and sweetmeats.
The local tourism scene will see the addition of a series of luxury properties within the next five years with the global hospitality giant, Hilton Hotels & Resorts, yesterday inking a deal with a local property developer to manage six top-notch leisure properties.
The Cargills group this week commissioned the country’s largest multi-product dairy manufacturing plant in Banduragoda, Gampaha, as a part of its Rs.3 billion dairy expansion project which began two years ago.
Sri Lanka’s tea industry has hit another stumbling block with the much-awaited global promotional campaign being put off for another few more months due to the shortcomings in the tender procedures and questionable capabilities of some of the selected service providers, Mirror Business learns.
India’s Manipal Technologies Limited (MTL) in association with Sri Lanka’s Lake House Printers and Publishers PLC (LHPP) yesterday launched a cutting-edge digital banking solution to cater to the growing needs of the Lankan banks and their customers.
The national carrier, SriLankan Airlines, which has been experiencing massive turbulences lately, has attracted interest from two international airlines and two regional airlines, a top minister in the coalition government said.
The world’s largest multilateral lender, the European Investment Bank (EIB), will be ramping up its funding to Sri Lanka due to the efforts made by the government, the head of the bank’s delegation currently in town said yesterday during a media briefing held at the Finance Ministry.
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