Auro invests Rs 1.3 b in leisure sector
Favourite Group diversifies:
Auro Holdings the newest player to enter the
hospitality field of Sri Lanka, has invested Rs. 1.3 billion to have
three hotels in Colombo, Tangalle (Ranna) and at Kalpitiya. Both the
Ranna and Colombo properties will open in December.
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Axis Bank opens branch in Colombo
Axis Bank, the third largest private bank in
India expanded its presence in Sri Lanka. The opening of its first
branch in Colombo bids to facilitate corporate and debt financing in
the country.
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Aeroflot to fly to Colombo again
Russian Air Company, Aeroflot intends to
recommence its regular flights from Moscow to Colombo from November
2. Sri Lanka's Russian Ambassador Vladimir P Mikhaylov said the
launching of Aeroflot flights to Sri Lanka will establish favourable
conditions for passenger and cargo operations between the two
countries and Russia is committed to further strengthen the
bilateral trade and economic cooperation between the two countries.
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