Excel Restaurants Pvt Limited, a subsidiary of Browns Investments PLC (BI), was granted franchise rights of FLOOR by O! and SHORE by O!, two leading pub and restaurant brands owned by Pubs ‘N Places Pvt Limited, a sister company of Lion Brewery Ceylon PLC. The strategic move of Excel Restaurants Pvt Limited grants a substantial…
The Minister of Finance and Media Mr. Mangala Samaraweera who is attending the 51st Annual meeting of the ADB in Manila had discussions with Mr. In-Chang Song an Executive Director of the Board of ADB at the ADB HQ today, 4 May 2018. The ADB program in Sri Lanka has provided loans, grants and technical…
Softlogic Holdings PLC in a disclosure to Colombo Stock Exchange (CSE) said that its fully owned subsidiary Softlogic Restaurants (Pvt) Ltd completed the process of execution of Master Franchise Agreement with Délifrance S.A. based in France on 2nd May 2018 to develop, open and operate Délifrance Outlets in Sri Lanka. Délifrance is a bakery…
Xinhua – Sri Lanka plans to attract more tourists from the Middle East by conducting promotion campaigns, a minister here said on Thursday. Tourism Development and Christian Religious Affairs Minister John Amaratunga told Xinhua that Sri Lanka received only 35,000 tourists from Saudi Arabia last year. There was great potential for the attraction of more…
Reuters – Sri Lankan shares ended marginally firmer, led by financials, though gains were muted as investors looked for fresh cues from political and economic fronts, brokers said. The Colombo stock index ended 0.08 percent higher at 6,523.88, recovering from its lowest since April 24 hit in the previous session. The index lost 0.15 percent…
A variety of reasons caused delays to several SriLankan Airlines flights of on 3rd May. The untimely sickness of a passenger inbound from the Gulf initiated a diversion to Cochin on one flight. Another aircraft inbound from Kuwait was caught in a dust-storm and required attention from Engineering. Two other aircraft were delayed for technical…
The MTI International Team led by CEO Hilmy Cader and Consultant Darshan Singh are currently in Addis Ababa, as part of an initiative to strengthen ties with BCaD Consulting, MTI’s Associate in the second most populous African Country Commenting on the significance of the visit, MTI CEO Hilmy Cader said, “Our international go-to-market business model…
Sri Lanka Tourism leveraged the Arabian Travel Market (ATM) complemented by three road shows, B2B and industry meetings in Dubai last week in a major push in the Middle East market.Sri Lanka was showcased as an attractive holiday destination at the 24th Arabian Travel Market (ATM) which took place from April 22 to 25, 2018…
Reuters – Sri Lankan shares ended at their lowest in over a week on Wednesday led by textile company Teejay Lanka due to a fall in the rupee and on higher global cotton prices, brokers said. The Colombo stock index ended down 0.23 percent at 6,518.64, its lowest since April 24. The index lost 0.15…
IFC, a member of the World Bank Group, is investing $27 million in Melwa Hotels and Resorts Private Limited towards the development of 3 hotels across Sri Lanka. The investment will increase Sri Lanka’s capacity in the tourism sector, create jobs, and generate more foreign exchange. The hotels will be operated by Hilton Hotels. …
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