$100 million SL apparel purchased annually:
UK’s TESCO enlists 23 Lankan exporters
The world’s third largest retailer TESCO, have
picked 23 Sri Lankan exporters in their hardline categories. This is
the first such initiative by TESCO in Sri Lanka.
Orient Capital Group reports strong profitability
Orient Capital Group recorded a profit after tax
of Rs. 243 million as of March 31, 2012. The group has a strong
profitability with a growth of 242 percent in profits after tax.
Freudenberg Leisure expands further
Freudenberg Leisure has committed a further
investment of over Rs 100 million on its Nuwara Eliya and Colombo
properties, said Rohan M Rodrigo, Freudenberg Leisure Group Chief
Accountant. He said the company is contemplation setting up a hotel
in the Deep South with special emphasis on Hambantota. A feasibility
study has already been done for this purpose. It would be the
company's fourth venture he added.
Sri Lanka Insurance awarded ‘Best in Sri Lanka’ title
Sri Lanka Insurance shone at the recently held
world finance Insurance Awards when the company bagged the most
prestigious coveted award as the Best Insurance Company competing
with the best in the Insurance Industry in Sri Lanka.