SL Insurance splits up
Sri Lanka's one of the leading insurance
companies, Sri Lanka Insurance is to be separated into two entities,
namely, life and general. In view of the changes, two Chief
Executive Officers will be designated for both units to manage them
more efficiently, its sources said.
Munchee, now premium Indian brand
Ceylon Biscuits Ltd, manufacturers and exporters
of the Munchee range has made giant inroads into the India
confectionary market with premium prices ahead of other premium
brands there - Britannia, Parle, and Sun Feast.
Indian Consortium buys stake in Eureka
An Indian based IT Company has bought over stake
of the Sri Lanka's IT pioneering company Eureka Technology Partners.
This would enable Eureka Technology to infuse more funds and the
company hopes to go public in five years.