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Odel IPO makes debut on July 5

Odel will open its Rs 250.5 million Initial Public Offering (IPO) on July 5, becoming Sri Lanka’s first fashion retailer to be listed on the Diri Savi Board of the Colombo Stock Exchange (CSE).

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Bright prospects for Lanka’s economy - IMF

Economic prospects for Sri Lanka are very bright now and the country must capitalize on it. The process can be accelerated with tourism, tea and garments, IMF Resident Representative for Sri Lanka and the Maldives Dr. Koshy Mathai said.

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More jobs for Lankans in Qatar

There will be US $ 130 billion worth projects in the next ten years in Qatar and this will create significant employment opportunities there for Lankans.

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The foundation stone for the construction of the first ever Holiday Resort in Pasikudah beach was laid yesterday by Economic Development Minister Basil Rajapaksa as part of the Government program to promote eco-tourism in the Eastern Province. The Amaya Resorts group is investing Rs 250 million for this 40-room holiday resort which will be constructed as a traditional fishing village. Deputy Resettlement Minister Vinayagamoorthy Muralitharan, Eastern Province Chief Minister Sivanesathurai Chandrakanthan, Tourist Board Chairman Nalaka Godahewa, Eastern Province Governor Mohan Wijewickrema and Amaya Resorts Chairman Chandra Wickremasinghe look on. Picture by Chaminda Hittatiya

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• Hayleys appointment

• Lankan promotion in Philippines

• Corporate sector making headway now

• ETI invests Rs 4b in pawning

• 'Sri Lanka has much potential for rapid development'

• Regional plantation companies to invest

• UKTI presents local oil opportunities

• Jiffy Products opens Substrate Plant

• Using layoffs as a first choice in cost saving

• SLPA signs agreement for Hambantota Port Phase II

• Chaturika develops ready to cook hard paneer cheese

• India eyes double-digit economic growth by 2013

• Making Hambantota mega development a success

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