SL Insurance ready for an IPO
The country's premier insurance company, the Sri
Lanka Insurance Company (SLIC), is now in the process of dividing
the life and general insurance sections in order to adhere to
Central Bank regulations to be listed in the Colombo Stock Market (CSE).
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Impact of tourism boom spreads to other sectors
Impact of the tourism boom enjoyed by the
country after the end of the conflict had spread to the other
sectors resulting in a big increase in the production and the
services. Internal conflict that prevailed in the country for 30
years was ended in May 2009 and tourist arrivals increased
unprecedently since then.
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Avirate to penetrate Indian market
With the opening of the first flagship store in
Bangalore last December, Avirate brand of Timex Garments is looking
at an major expansion plan in India. “There will be seven stores in
India by the end of this year with plans for more stores next year.
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Facets 2012 inaugurated
The 22nd International Gem and Jewellery Show
'FACETS 2012' was inaugurated yesterday, with a host of foreign
buyers attending the event at the Sirimavo Bandaranaike Memorial
Exhibition Centre. The event being conducted since 1991.
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