Eastern Merchants PLC is to sell its land and buildings at No. 284, Vauxhall Street, Colombo 2 and No. 341, Union Place, Colombo being one block 134 perches in extent. This property has been valued at Rs. 939,000,000 in 2014. The funds thus raised are to be invested to diversify the company’s business from its…
The National Development Bank (NDB) is to issue listed, rated, unsecured, senior, redeemable debentures for Rs. 05 billion with an option to go up to Rs. 7.5 billion.
Palm Garden Hotels PLC says it has repaid related property borrowings of Rs. 1,093,002,071.00 obtained from Browns Hotels & Resort Ltd and Rs. 207,060,925.00 from Eden Hotel Lanka PLC on 31 January 2015. Palm Garden Hotels is a subsidiary of Browns Hotels & Resort Ltd and Eden Hotel Lanka is a subsidiary of Palm Garden…
Colombo bourse edged lower on Monday amid profit taking in Blue-chip counters. Main share index lost 34.76 index points (-0.47%) to close at 7,300.75 while 20-scrip S&P SL index shed 36.36 index points or 0.88% to end at 4,076.83. Price depreciations in blue-chips such as Bukit Darah (closed at LKR 686.00, -4.2%), John Keells Holdings…
While there is a unique opportunity for eco-friendly tourism industry in Sri Lanka, tourists are able to watching a diverse species of animals within a short time span within the island. This is the full interview the BIZ 24X7 programme of Ada Derana 24X7 had with John Keells Additional Vice Chairman Chithral Jayatileke on promoting…
Even amidst a presidential election in Sri Lanka in January, the tourist arrivals during the month as compared the same month in 2014 has increased by 6.6 per cent with the arrival of 156,246 tourists, reveal latest data. There has been a significant growth in Indian tourists where as those from Russia and Ukraine has…
SriLankan Airlines has obtained the services of Peter Hill, a veteran in the civil aviation sector and Chief Executive Officer of the then Emirates managed national airlines, as advisor for a period of one year. Peter Hill was also Chief Executive Officer of Oman Air from 2008 till he left the airlines in December 2011.
Sri Lanka is prepared to enter into a USD 02 million promotional campaign with world renowned business media institution Bloomberg to promote the islands tourism sector, said Sri Lanka Tourism Promotion Bureau Chairman Rohantha Athukorala. This promotion campaign would be for only one quarter of the year. Bloomberg Television is telecast to over 40 countries…
• Lauds Provincial Agriculture Minister P. Ayngaranesan for condemning the misinformation campaign against the Chunnakkam Power Plant In the light of Environmentalist and Northern Provincial Minister of Agriculture, Livestock, Irrigation and Environment Ponnudurai Ayngaranesan condemning the misinformation campaign against the Northern Power Company-run Chunnakkam power plant, who stated that the protests are politically-motivated and requested…
Prominent Sri Lankan entrepreneur Hemaka Amarasuriya is to be appointed as head of Sri Lanka Insurance, Finance Minister Ravi Karunanayake told www.adaderanabiz.lk this evening (14 February). Hemaka Devapriya Senarath Amarasuriya is the Founder President of the Industrial Association of Sri Lanka. Mr. Amarasuriya served as Vice President of Retail Holdings N.V, Senior Regional Vice President…
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