Business News

The Arpico retail chain in Sri Lanka achieved a milestone in August with the opening of its 50th and 51st retail outlets, in keeping with a fast-tracked expansion plan to widen the brand’s presence outside urban and suburban locations.

Cinnamon Red, Sri Lanka's first lean luxury hotel was unveiled under the aegis of Minister of Economic Development, Hon. Basil Rajapaksa who hoisted the Cinnamon Red flag to mark the ceremonial launch of this Rs. 3.5 Bn investment coming under the banner of the Cinnamon Hotels & Resorts chain.

SriLankan Airlines, the national carrier of Sri Lanka and the newest member of the oneworld global airline alliance, celebrates thirty-five years of flying, at the Airline Centre in Katunayake, today (September 1st).

The Training Partner portfolio of the Institute of Chartered accountants of Sri Lanka (CA Sri Lanka) continued to expand as new companies came onboard to provide practical training for students under the Strategic Level.

Siedles (Private) Limited, authorized distributor for Sony electronic equipment in Sri Lanka, redefined the television experience, when they introduced the Sony 4K in Sri Lanka during an exclusive launch held recently.

Emirates, a global connector of people and places, has opened its first branch office in Sri Lanka in Kandy, making it easier for residents and travel agents of the hill country capital and the central highlands of the country to interact with the airline.

During the visit of the Seychelles delegation to Sri Lanka, Minister of Finance of Seychelles Hon Pierre Laporte who was a former Governor of the Central Bank of Seychelles, paid a courtesy call on Governor, Central Bank of Sri Lanka Mr Ajith Nivard Cabraal on August 29, 2014 at the Governor’s Office of the Central Bank of Sri Lanka in Colombo.

Elephant House Ginger Beer (EGB) offered its support to the Pro Food Pro Pack & Ag Biz 2014 exhibition held at the Sirimavo Bandaranaike Memorial Exhibition Hall recently.

During August 2014, many banks and finance and leasing companies (NBFI) were actively involved in the consolidation process having understood the importance of meeting the set timelines.

The National Mobile Service Provider Mobitel was honored with the ‘Engineering - Services’ Award at the prestigious Excellence in Engineering Awards organized by the Institute of Engineers Sri Lanka (IESL) recently for following the best practices in project management designed to operate Mobitel’s sophisticated engineering systems and processes.