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Sri Lankan tourism booming:
Kalutara to get US $ 25 m hotel
Sri Lankan tourism is on an upward trend with
increased arrivals and revenue and the country would soon need
additional rooms to meet this demand. There is a renewed interest
for the leisure sector in Sri Lanka and this arguers well for the
industry said Group director of diversified group, Hemas Holdings,
Abbas Eurfally, speaking to ' Daily News Business' at the ITB in
Berlin. He said that there are new players entering the hotel sector
by building new hotels and this is encouraging.
Sampath Bank which continues its growth momentum
will infuse capital to support the fund base by securing a US $ 62.5
million syndicate loan. “We have successfully concluded the fund
raising initiative through a syndicated loan which opened for $ 30
million and over subscribed by twofold to close at $ 62.5million.
The bank's strong balance sheet and related financials, coupled with
tremendous growth resulted in overwhelming responses by the
syndicate participants amid prevailing global economic issues ,”
Sampath Bank Managing Director Aravinda Perera told Daily News
Business.
National Savings Bank had a productive year in
2011 in terms of deposit growth, asset growth, profitability
achievement of a number of milestones, expansion of the branch
network, re-launch of core products and winning of local, regional
and international accolade.
COYLE celebrates
13th anniversary: The Chamber of Young Lankan
Entrepreneurs (COYLE) one of the most vibrant chamber
for Sri Lankan entrepreneurial community celebrated its
13th anniversary last week at the Oak Room, Cinnamon
Grand Hotel, Colombo. Here invitees are
seen celebrating the event in a traditional manner with
‘kiribath'. Chairman, Asoka Glass, Nahinda Jinasena,
Neth FM, Chairman, Nihal Seneviratne, Chairman Laugfs
Holding W K Wegapitiya Epic Group Chairman, Nayana
Delgama, Doyles Sons,
Suresh Perera, Promo Watch Chairman Gitan Wasalathanthri,
Chairman, Doyles Sons, Saroj Perera and IDAC Chairman
Rohitha Silva at the event. Picture by Sumanachandra
Ariyawansa
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