Parquet likely to sell stakes
Lanka Walltiles Limited is likely to sell its
associate company of Parquet (Ceylon) Ltd, shortly, which is a
Public Company listed on the Colombo Stock Exchange, market sources
said.
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Seylan bank ties up with MasterCard worldwide
Seylan Bank has announced a tie-up with
MasterCard Worldwide to offer payment solutions to valued customers
and merchants. Seylan Bank will issue Credit and Debit Cards through
MasterCard to its customers and also grant card accepting machines
to merchants.
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Aitken Spence invests US $ 25 m in Adaaran Vadoo
Aitken Spence Hotel Holdings PLC will invest US
$ 25 million in Adaaran ‘Prestige’ Vadoo, a 50 luxury water
bungalows in the Maldives. The operations will commence next
February.
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Odel to promote ‘Backstage’ globally
Odel, a leading department store in Sri Lanka
will promote its brand ‘Backstage’ globally next year.
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Caltex ties up with Honda, TVS in B’desh
Caltex, the leading brand of lubricants in Sri
Lanka, has entered into an exclusive arrangement with TVS and Honda
motorcycles in the Bangladeshi Market under which, Caltex will be
the preferred brand of initial fill and aftermarket lubricants for
TVS and Honda motorcycles
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