Sri lankan's Unbiased Online Daily

Sri lankan's Unbiased Online Daily

Marina launches its new edible oils to local market.


The Colombo Times - Business News
Raigam sees salty potential, announces Initial Public Offering PDF Print
Sunday, 14 March 2010 18:47

The Kingdom of Raigam has come forward to explore the Sri Lankan salt industry (run as an oligopoly), announcing an Initial Public Offering (IPO) of 80mn ordinary voting shares worth Rs 200mn at Rs 2.50 per share through its subsidiary company Raigam Wayamba Salterns Ltd, beginning March 23.

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Thurulie receives LEED Platinum Green Building Certification PDF Print
Friday, 12 March 2010 18:49

MAS Intimates Thurulie, the ‘iconic’ eco-manufacturing facility of MAS Holdings was awarded LEED (Platinum) certification established by the U.S. Green Building Council and verified by the Green Building Certification Institute (GBCI). LEED is the world’s pre-eminent program for the design, construction and operation of high performance green buildings.

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Seylan Bank records Rs. 543.301 Mn. Profit after Tax in 2009 PDF Print
Thursday, 11 March 2010 17:09

Seylan Bank recorded a Rs. 543.301Mn Profit after Tax for 2009 representing an increase of 250% over the previous financial year. During the same period, the Bank’s cost-to-income ratio showed a marked improvement decreasing from 75.79% to 67.82%, while the total capital adequacy ratio – under severe pressure during the end 2008 crisis – rose from 8.06% to 11.74%.

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DHL Express opens new Air-side Gateway Facility at Bandaranaike International Airport PDF Print
Thursday, 11 March 2010 17:05

DHL Express today announced the opening of its new Air-side Gateway Facility inside the Bandaranaike International Airport, Katunayake -Terminal 3. The new DHL Gateway in Sri Lanka is one of the best in South Asia having the latest technology and material handling equipments.

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Malaysian investor Demak Manufacturing Lanka to manufacture motor cycles under BOI PDF Print
Thursday, 11 March 2010 17:04

The Board of Investment of Sri Lanka granted investment approval to Demak Manufacturing Lanka Limited. Mr. Dhammika Perera, Chairman / Director General signed the agreement on behalf of the BOI and formally presented the BOI Certificate of Registration to Mr. Gao Rong, Chief Executive Officer of DNC Asiatic Holdings SDN. BHD.

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