Al-Futtaim acquires AMW shares
Al- Futtaim Engineering, the Dubai based
automotive retail, electronics and financial services conglomerate
acquired a majority shareholding of Associated Motorways PLC. With
this acquision AMW office in Colombo will be the head quarters for
the SAARC region, its sources said.
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Hemas turnover records Rs 3.8 b
Hemas Holdings recorded a Turnover of Rs 3.8
billion for the quarter ended June 2008 reflecting a year on year
growth of 22%, a satisfactory performance in a challenging economic
environment.
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Colombo Dhaka flights to open new vistas
The launch of direct flights between Colombo and
Bangladesh will open new vistas of business said High Commissioner
for Bangladesh in Sri Lanka, Shahdat Hossani.
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Allianz Lanka maintains positive growth
Allianz Insurance Lanka, the fully owned
subsidiary of German Insurance conglomerate Allianz SE, announced an
Interim profit before tax of Rs. 28 million for the six months
ending 30 June 2008;
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