Home

Indocean invests Rs 6.5 b

For a prime project near Gangaramaya:

A 400 $ million development project will be launched shortly when one of Colombo City’s prime streets near Gangaramaya will be transformed into a promenade in keeping with the government’s development plans.

Full Story

ComBank in Rs 2b debenture issue

Commercial Bank will shortly raise Rs 2 billion through a Rated, Listed, Unsecured, and Subordinated Debenture Issue through a private placement. The value of the debenture will be at Rs 1000 each. The Board of Directors have approved of the deal at its meeting on July 29.

Full Story

Lanka to benefit from global re-balancing

Sri Lanka is well positioned to benefit from the current global rebalancing of power and it could become one of the top places in Asia for investment, Ceylon Asset Management, Economic Advisor and Director Michael Preiss told Daily News Business.

Full Story

The new website of the Photo Focus Colour Laboratory was launched by Mass Media and Information Minister Keheliya Rambukwella at Hilton hotel on Monday. This was attended by the founder of Photo Focus G. Hettiarachchi, Tele and Film Video Producer Ayeshmantha Hettiarachchi, Managing Director Krishantha Hettiarachchi, Media Centre for National Security Director Lakshman Hulugalle and Senior Photo Journalist Jaliya Hettiarachchi.

GFH wins PATA Award: Galle Face Hotel, Colombo, created a major sensation when the hotel won the Grand award for Heritage Hotels presented by The Pacific Asia Travel Association (PATA). This year 26 PATA Grand and Gold awards were presented at the 60th PATA anniversary and conference held in Beijing, China and this was the only award for a Sri Lanka hotel. Galle Face Hotel, Management Company and Gardiner Group Chairman Sanjiv Gardiner is seen receiving the award. PATA (Sri Lankan Chapter) Chairman Hiran Cooray was present. PATA acts as a catalyst for the responsible development of travel and tourism within the Asia Pacific region.

• eChannelling sells 13.7 million Blue Diamonds shares

• Lanka Walltile commissions Rs 700m plant in Meepe factory

• PCH ups PAT to Rs 57.6m in 1Q

• Vallibel Finance ups profits by 91%

• The Finance makes profits in 1Q 2011

• Bourse gains momentum

• National Business Excellence Awards in November

• JAAF launches novel campaign

• UTE to woo visitors to Construct 2011

• UNIDO to promote bamboo industry

• Brightpoint implements IFS applications in 15 countries

• GISM joins Massey University, New Zealand

• LMRB "Consumer Portrait 2011 - New Frontiers: An evening - 'Charting the Uncharted'

• Laugfs to venture overseas in energy sector

• Export Awards in November

• ADVERTORIAL

• SHIPPING

• LEISURE