European chocolate lovers are about to get an injection of Japanese culture, as Nestle SA’s green-tea matcha KitKat launches on the continent. The confectionery brand will begin to sell the green chocolate bar in Europe this month, 15 years after it was created in Japan. The blend of imported green-tea matcha powder with cocoa butter and…
The DFCC Group is a diversified financial organisation involved in commercial banking, development banking, investment banking, wealth management, information technology, industrial park management and consultancy businesses. Profitability DFCC Bank, the largest entity within the Group, reported a Profit before Tax of LKR 4,233 million and a Profit after Tax of LKR 2,768 million…
The deal includes Fontech’s Wi-Fi Service Management Platform (WSMP) and Connection Manager as well as an international roaming agreement with Fon Sri Lanka Telecom (SLT), the national ICT solutions provider and leading broadband and backbone infrastructure services provider in the country, and Fon, the world’s leading carrier Wi-Fi provider based on Madrid, Spain, have recently…
Sri Lanka’s leverage buyout King and retail King titled billionaire Ashok Pathirage owned and controlled leading retail conglomerates in Sri Lanka, Softlogic Holdings PLC group has witnessed a Rs. 335 million loss particularly in the aftermath of the Rupee depreciation in the retail and leisure sector, the latest financials released for the nine months ended…
Bloomberg – Forty two people in Mongolia were hospitalized and hundreds showed symptoms of illness from contaminated water and soda that health authorities linked to a KFC restaurant in Ulaanbaatar. Authorities from the Metropolitan Professional Inspection Agency said the local license holder of the KFC franchise, Tavan Bogd, was responsible for the 247 cases of…
The Board of Investment of Sri Lanka signed a Supplementary Agreement with Hutchison Telecommunications Lanka (Pvt) Ltd on 11th February 2019. Mr. Thirukumar Nadarasa, Chief Executive Officer, Hutchison Telecommunications Lanka (Pvt) Ltd and Mr. Hemasiri Fernando, Chairman, Board of Investment of Sri Lanka signed the Agreement. Mrs. Champika Malalgoda, Director General was present at the…
Sri Lanka has witnessed a ‘Beedi Boom’ with an increased volume of 4.8 billion sticks a year in 2018, Sri Lanka’s Ceylon Tobacco Company (CTC) latest quarterly financial highlights adding that it is a steep increase from 2017s numbers, amid a fragile economy. Financials from CTC said that key threat to government revenue from…
As part of an ongoing and sustained effort to connect Sri Lankan businesses with the global diaspora and with foreign investors looking at investing in Sri Lanka, Research Intelligence Unit (Pvt) Ltd. (RIU) will be hosting its next prestigious RIU Investor Forum 2019 along with the event’s platinum partner-Marina Square by Access Engineering, in the…
Reuters – ** The Sri Lankan rupee fell 0.6 percent on Monday in a lacklustre trade as importers stepped up dollar purchases, market sources said. ** The stock market also edged lower to a near four-month low despite foreign investors buying the island nation’s risky assets. ** The rupee settled at 179.80/180.00, compared with Friday’s…
Being one of the largest conglomerates, operating in a multitude of mandates in Transport, Real Estate and Retail in Japan; the Odakyu Group together with its consortium partners Stacia Capital and UDS, is no stranger to grand ventures. For the first time in its illustrious 70 year history, it reaches far beyond Japan as it…
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