Category: General Services

Oct 04, 2012 (LBO) – Actis Investment Holding SL Limited, said it had invested 2.26 billion rupees through a private placement of shares in Sri Lanka’s Asiri Hospital Holdings Plc, a Colombo listed company. Sri Lanka’s Colombo Stock Exchange the stock has been listed from October 03. Actis said the investment, which was 19. 09 […]

Oct 03, 2012 (LBO) – John Keells Plc, a commodity broking firm said Mekala Wanigasuriya, one its employees became the first female to auction rubber, since Colombo auctions began 112 years ago. The firm said the first ever lady tea auctioneer was also from John Keells. “For the first time in 112 years, a lady […]

Oct 02, 2012 (LBO) – Sri Lanka chapter of UK’s Chartered Management Institute and KPMG, a accounting firm, has organized a forum on mergers and acquisitions as businesses look outside organic growth to expand. While mergers and acquisitions are becoming popular there are also risks and challenges. CMI and KPMG has brought together a group […]

Sept 27, 2012 (LBO) – India’s Krrish group, which has interests in alcohol and real estate launched a 460 million US dollar mixed development in Sri Lanka’s capital Colombo and has started marketing apartments, officials said. Krrish chief executive R Guptha said the group said a marketing office has been set up to sell apartments. […]

Sept 24, 2012 (LBO) – Organizers of Sri Lanka’s ‘Effie Awards’ is seeking advertisements and other marketing communications works in mainstream or alternative media, paid or unpaid, for this year’s contest. Ben Lightfoot, chairman of the Singapore Effies Chapter for 2012 and chief exectvie of the McCann Group will be a resource available to participants. […]

Sept 21, 2012 (LBO) – Cargills (Ceylon) Plc said it had struck deal with US based TGI Friday’s Restaurant Inc, to operate a chain of franchise restaurants in Sri Lanka. Cargills said in a stock exchange filing that it was planning to open the first restaurant in the fourth quarter of the current financial year. […]

Sept 14, 2012 (LBO) – Sri Lanka’s Maliban Biscuits says it has given a make-over to its popular 40-year old ‘Lemon Puff’ brand, which is also a niche export market, making it more appealing to younger consumers. The brand has been re-launched with pop stars Bathiya and Santhush as brand ambassadors. The Maliban Lemon Puff […]

Sept 10, 2012 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce said applications for its ‘best corporate citizen award’ for companies engaging in social work will close on September 14 as scheduled. The awards were started in 2004 to recognize companies which engaged in so-called corporate social responsibility activities. The Ceylon Chamber said application could […]

Sept 09, 2012 (LBO) – Citrus Kalpitiya, a unit of Sri Lanka’s Citrus Leisure group said it will build 32 villas bordering a lagoon in the Indian Ocean Island’s western coast to be sold on 99-year leases with an offer to manage on a time-share basis. The firm is also planning a hotel in 78 […]

Sep 06, 2012 (LBO) – Pure Gold, a Dubai based group wants to set up a chain of 30 outlets in Sri Lanka selling 18 carat gold jewellery by 2016, the island’s industries ministry said in a statement. Bank of Ceylon and Commercial Bank of Ceylon are the top suppliers of gold, and in 2011 […]

Sept 06, 2012 (LBO) – SREI Infrastructure Finance Ltd of India has tied up with Arinma Holdings (Pvt) Ltd, a Colombo based firm to explore infrastructure opportunities in Sri Lanka as the island emerges from a 30-year civil war. The collaboration is targeting opportunities in advisory, equipment rental for the construction and healthcare sectors, and […]

Sept 02, 2012 (LBO) – India’ Krrish group, which has interests in alcohol and real estate is in a deal with Sri Lanka to build a 460 million US dollar tower with land leased from the state, a media report said. The newspaper quoted documents as saying that the Indian firm will “offer the Central […]