Southern Expressway ‘toll’ to hit Rs 1 bn mark soon
The Southern Expressway ‘toll’ revenue is likely
to reach the Rs. one billion by next February, just one year since
its operation. The country’s first highway from Kottawa to Galle
covering a distance of 96 km has already earned over Rs 850 million
up to now,
New plant planned to Hambantota:
Fortune 500 car manufacturer enters Sri Lanka
Geely, the Fortune 500 Chinese automotive
multinational that now owns 100% of Sweden’s Volvo and part produces
the famed London’s black taxi cabs, is entering Sri Lanka. “We
warmly welcome Geely to Sri Lanka. Geely’s entry in collaboration
with our ‘Sri Lankan pride’ Micro Cars will significantly enhance
our automotive industry’s profile but more importantly,
Seylan Bank PTP exceed Rs 3 bn
Seylan Bank recorded an impressive Q3
performance with Profits before VAT and Income Tax reaching Rs.
3,130 Million for the 9 months ended 30 September 2012 - a 120%
growth over the corresponding period last year. Profit before VAT
and Income Tax (before the exceptional VRS costs) for the 9 months
ending September 2011 was Rs. 1,424 Million.
Rs 750 mn Grand Udawalawe Resort opens on Sat.
The Management of The Grand Udawalawe Safari
Resort invested approximately Rs.750 million for their maiden hotel
in Udawalawe which will be opened on Saturday. The investor s
comprising seven directors would also invest a further Rs. 300
million to build the region's first Avurvedha hotel in Udawalawe.