Business Notebook

KLM Royal Dutch Airlines (KLM) and Northwest Airlines. (Northwest) have agreed on a transaction initiated by KLM, whereby, KLM will...

Mobitel and Lanka Pay Phones entered into an Memorandum of Understanding whereby, they would work together to install more payphone...

"Sunset Reef" an ambitious real-estate development backed by one of Sri Lanka's leading investment companies got-off to a flying start...

by Tharuka Dissanaike Dialog GSM is the newest arrival into the cellular phone market in Sri Lanka. Since it's first...

Hatton National Bank has launched yet another novel savings scheme a scheme that guarantees a regular monthly income to the...

The Board of Investment (BOI) has offered many concessions to investors whose projects exceed Rs.5 million in value. Tax holidays...

The 'Sanitact Service' is the newest environmental service marketed by Finlay Rentokil (Ceylon) Ltd. The sanitact service is a hygienic...

Investors from provinces who have never before ventured into share investment have expressed interest in the offer for sale of...

A leading local manufacturer, the Macky Group of Companies exported garments worth Rs.300 million to the Russian Federation recently. This...

British Airways has introduced a new concept called "Club World" on their flights, which has been designed to cater to...

The world over an increasing number of people are getting on to the information superhighway or what is popularly known...

On the directive from President Chandrika Bandaranaike Kumaratunge, an overall project costing Rs.10 billion, to develop Colombo Fort and Janadhipathi...

James W. Spain The US$200 million Uma Oya Hydro Power Project will be launched shortly by Lanka Infrastructures Ltd., a...

A 7-member Cabinet Sub-committee has been appointed by the President to promote investment. This panel will be headed by the...

Representatives of the Indian travel trade met their Sri Lankan counterparts in Colombo recently and launched a drive to promote...

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...