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Sri Lanka JKH in joint venture to build Rs2.90bn business hotel
Sep 01, 2011 (LBO) – Sri Lanka’s John Keells Holdings (JKH) group plans to build a 25 storey, 240-room business hotel in Colombo with an investment of 2. 90 billion rupees in a joint venture with Sanken Lanka. JKH aims to have up to 1,000 business hotel rooms to cater to growing numbers of business […]
Sri Lanka Hayleys buys control of Amaya Leisure
Sep 01, 2011 (LBO) – Sri Lanka’s Hayleys conglomerate has spent 2. 6 billion rupees to buy a 51 percent stake in hotel firm Amaya Leisure owned by Hayleys deputy chairman Dhammika Perera, a stock exchange filing said. The transactions of 24,497,461 Amaya Leisure shares were done in five crossings or off-market private deals by […]
Brand Builder
Sept 01, 2011 (LBO) – Sri Lanka’s Cargills group, which has interests in foods and retailing said it will launch a new biscuit brand after buying a confectionery firm that earlier had a regional market. The firm also has an ice cream brand, Cargills Magic, which it says is now the top dairy ice cream […]
Detention Order
Aug 31, 2011 (AFP) – Sri Lanka on Wednesday used draconian anti-terror laws to detain thousands of Tamil rebel suspects who would have had to be freed when a state of emergency ended after 28 years, an official said. Attorney General Mohan Peiris said President Mahinda Rajapakse invoked regulations under the Prevention of Terrorism Act […]
Hactivism
Sep 01, 2011 (LBO) – A group of hackers said to be from Sri Lanka are claiming to have ‘DNS poisoned’ a series of internet servers related to domestic and foreign entities, where viewers are misdirected, using a recently exposed flaw, reports said. A patch for the flaw in DNS servers, discovered by Dan Kaminsky, […]
Freight Fortunes
Aug 31, 2011 (LBO) – New freight forwarding businesses in east Asia helped improve sales and profits for Sri Lanka’s Expolanka Holdings, which aims to further expand overseas and penetrate emerging markets. The group is looking at expanding by increasing its overseas stations and penetrating developing markets and also buying small and medium-sized freight companies […]
Ferry Orders
Aug 31, 2011 (LBO) – Sri Lanka’s Colombo Dockyard said it has won an order to build two passenger ferries for India’s Laskshadweep island administration, on the wake of an earlier delivery to the same customer. The contract comes a year after delivery of two passenger vessels, Arabian Sea and Lakshadweep Sea, for the Administration […]
Detention End
August 31, 2011 (AFP) – About 1,200 alleged Tamil Tiger rebels in Sri Lanka will be released, with the end of emergency rule imposed 28 years ago to deal with the separatist movement, state media said Wednesday. The Daily News quoted Justice Minister Rauf Hakeem as saying that the end of emergency rule, announced by […]
‘s Maruti Suzuki
MUMBAI, August 31, 2011 (AFP) – India’s largest car maker by sales Maruti Suzuki said it restarted production at one of its plants on Wednesday after locking workers out in a dispute over alleged sabotage earlier this week. “Maruti started assembly operations in Manesar, rolling out the first Swift car since production halted on Monday, […]
‘s economic boom fuels booze bonanza
PUNE, August 31, 2011 (AFP) – It’s Friday night at a microbrewery pub in Pune, western India, and Swapnil Dakshindas and his friends don’t know which beer to choose. The barman pours four different brews, fermented in giant steel vats just next door, for them to try. “It’s fresh, has no preservatives and I know […]