July 1996

by Tharuka Dissanaike In the light of a continuing power shortage and an increasing demand for power, the government is...

by Angeline K'Singam Telia, the Swedish telecom giant ties up with Metropolitan Group & National Development Bank and moves into...

The next time you nurse a fruit cocktail in an exotic bar in Paris or a regular pub in London,...

The Colombo stock market celebrated its one hundredth year of share trading this year. It has come a long way...

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...

by Gamini Abeywardane The privatisation process in any country, if it is to be successful should be speedy as well...

The Global System for Mobile Communication (GSM), represents a determined step by Sri Lanka towards the achievement of the ideals...

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...

by Champika Wijayatunga Office Automation.. it seems to be a nice jargon for Impressing people working in all kinds of...

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...