Business Notebook

Richard Peiris Exports Ltd., an associate of Richard Peiris & Co. Ltd., which began business in 1993 with equity collaboration...

Pelwatta sugar industries Ltd., the island sugar producer is to venture into distillation of alcohol. A subsidiary company Pelwatta Sugar...

The public offer of TSFL, which opened for subscription on Monday the 3rd of June, was heavily oversubscribed by Thursday...

The Toyota Group, Japan has floated Tokyo Lanka (Pvt.) Limited in Sri Lanka. The initial capital investment would be US$...

Sri Lanka for the first time participated in an international automobile trade fair held in Bangkok, in May. Ten companies...

Ceylon Chocolates Ltd. (CCL) has recorded a significant profit of Rs. 38 million during the last financial year ending 31st...

Tokyo Cement Company Lanka Ltd., will establish a 3.5MW power plant in Trincomalee besides a cement plant. The plant is...

Ayojana is an investment fund management company owned equally by National Development Bank (NDB) of Sri Lanka and Commonwealth Development...

A Sri Lankan, P. Nandadasa, Managing Director of Flexport and Coirpack won the prestigious award for invention for the first...

In the Asia's most Admired Companies 1996 survey, conducted by "Asian Business", Singapore Airlines topped the list for the second...

Walter Mackenzie assumed duty as Managing Director of Mobitel from June 1, 1996. Mackenzie, an Indian born telecom expert replaces...

L-R: Ramlee Adjumain, Director of Restaurants, Warnasena Rasaputra, Sri Lankan Highcommissioner, Fouzi Mohideen The Sri Lanka Trade Fair and Food...

The National Development Bank recently signed an agreement with Celltel to provide financing for the expansion of its network. Celltel...

Restrictions on public entry to the Bandaranaike International Airport (BIA) have been relaxed from June 13, according to the Airport...

Lanka Lubricants Ltd., (LLL) is gearing itself to face competition in the future with the liberalization of the import of...

Mrs T. J. Bata admiring the trophy At the annual "Shoecon 1996" conference held in Italy, BATA, Sri Lanka literally...

Singapore Airlines (SIA), the worldwide launch customer for the Airbus A340-300E the extended-range model of the A430 — took delivery...

Singapore Airlines (SIA) has won the "Best Airline" Award in the Travel Suppliers Awards Category of the 1996 Travel Awards....

The International Jewellery Tokyo (IJT) '96 exhibition was held recently in Japan where 9 Sri Lankan companies clinched orders worth...

CTC Eagle Fund Management Co. Ltd. was launched last week by CTC Eagle. Shedding their earlier policy of funding a...

President Chandrika Bandaranaike Kumaratunga ended a three-day visit to Beijing with pledges from China for USS 19.3 million of economic...

Singapore based Gleneagles International has launched a Rs 1.6 billion project to set up a 400 — bed modern hospital...

The 40 MW power plant at Sapugaskanda was formally inaugurated by the Minister of Irrigation, Power and Energy, Col. Anuruddha...

Fuji Cement Company(Lanka) Ltd., a wholly owned subsidiary of Tokyo Cement (Lanka) Ltd., signed an agreement with the BOI last...

Apollo Hospitals Group are extending their expertise and capability in high speciality health eare to Sri Lanka. They will establish...

Shell Gas Lanka Ltd., awarded 3.6 million shares of the new company to its 642 employees who were in service...

The Public Enterprises Reform Commission announced its decision to divest the government of the remaining 49 percent of its stake...

The prestigious "Offensive Marketing Award" for Instore Management 1995 has been presented to Stassen Foods, distributors of Kelloggs breakfast cereals...

A Federation of Information Technology Industry in Sri Lanka was formed recently at a joint meeting of the Committee of...

An important publication titled "Business and Investment Guide, Sri Lanka '95/'96" was released by the Federation of Chamber of Commerce...