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Monday, 10 December 2012


| Business Editor: 0094 11 2429221 | Fax: 0094 11 2343694 | E mail: business@dailynews.lk |

$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.

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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.

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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.

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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.

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President Mahinda Rajapaksa in the Cargills Food City outlet situated at the new resting area along the Southern Expressway

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