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Friday, 26 October 2012

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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,

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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,

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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.

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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.

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Rishad Bathiudeen (Minister of Industry and Commerce extreme right) inspects a model of
a Geely Car gifted to him by Martin Xiang, visiting Director of Geely, Shanghai (second from
left) as Rabin Wang (Geely Project Specialist-far left) and Dr. Lawrence Perera (Chairman -
Micro Cars Ltd, third from right) look on.



 
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