Around s75 percent of the construction work on the Shangri-La Hotel now being built in Hambantota is complete and the hotel can be opened as scheduled, Investments Promotion Minister Lakshman Yapa Abeywardene told AdaderanaBiz.lk This means that the hotel could be opened by beginning next year. The hotel in Hambantota comprises 375 rooms, according to…
DNC Asiatic Holdings Sdn Bhd will invest RM20mil in a new assembly plant for motorcycles in Sri Lanka to boost production. The 51:49 Malaysia-China joint venture, which expanded to Sri Lanka in 2012, is the first company in that country to manufacture motorcycles. It currently operates an assembly plant in a leased factory. DNC Asiatic…
Dubai is building a massive temperature-controlled “city” that will house an 8 million-square-foot shopping complex called the “Mall of The World,” the United Arab Emirates’ ruler, Sheikh Mohammed bin Rashid al-Maktoum, announced Saturday, according to Khaleej Times. The entire project will be 48 million square feet, including approximately 100 hotels, a theme park, numerous theaters,…
Cargills Bank entered Sri Lanka’s Banking and Finance Industry as the 23rd licensed commercial bank in Sri Lanka with the ceremonial launch of its Head Office at No. 696, Galle Road, Colombo 3, today. The launch was presided over by Chief Guest, Governor of the Central Bank of Sri Lanka, Mr. Ajith Nivard Cabraal and…
Toyota recently announced its response to Tesla Motors’s fully electric vehicle with a hydrogen powered car that will be available in 2015. The hydrogen fuel cells only emit harmless water vapor. The first model of the vehicle will be a 2015 Sedan that is priced at $70,000 and will be first launched in Japan, which…
Aitken Spence partners with RIU Hotels Spain to build USD 100mn resort in Ahungalla spearheading the first business model around Southern development Aitken Spence PLC entered into an agreement with the Board of Investment of Sri Lanka (BOI) to set up a five star Luxury Resort in Aungalla. This agreement was signed by the Chairman…
The Sri Lanka Apparel Brands Association (SLABA) with the participation of some 100 organizations in the apparels sector has planned to set up a wide ranging sales centre in Colombo to sell apparels to local and foreign buyers. While speaking to AdaderanaBiz.lk, SLABA chairman Indradatta Dharmawardena said that countries like China and Thailand have already…
A special unit has been set up to deal with lost or stolen passports and the Department of Immigration and Emigration requests the owners of such passports to inform this unit. They are requested to lodge a complaint to the nearest police station and inform this special unit at the Department of Immigration and Emigration…
The Samsung Galaxy S5 is a great phone, but it’s also big and expensive, so a smaller, cheaper alternative could certainly find itself some fans. Sadly we’re still waiting for one, but there were shrunk down versions of the last two Samsung flagships so we’re pretty confident that a pint sized version of the S5…
The renovations of the building occupied earlier by the Auditor General’s Department is nearing completion now, it is to be opened by end July or beginning August as a shopping complex with 42 sales outlets, says the Urban Development Authority (UDA) chairman. UDA chairman Nimal Perera told AdaderanaBiz.lk that all the 42 sales outlets have…
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