Tag: Sri Lanka Business News
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Starbucks Open 1st Outlet in India
The Starbucks will open its 1st outlets in India by October in an upscale neighborhood of Mumbai. The Starbucks operating in India through a 50:50jointventure with Tata Global Beverages, with new name of TATA Starbucks ltd.
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Srilanka & Pakistan Trades more than USD 400 Million in 2012
The Srilanka and Pakistan have recorded more the USD 400 Million trades in the year of 2012, which was the double the amount trades carries in 2011.
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Honda to recall 268,000 SUV’s in USA
The Honda will recall some of 268,000 CR-V Sport Utility Vehicles (SUV) Sold in united State due to the risk of Power window switches catching fire in case of water penetration.
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Lankan Rupee Strengthens Against US Dollar
The Srilankan Rupees strengthened against the US Dollar Closing to 130.16 on last Friday, the Rupee Strengthens indicating the lower Demand for the Imported Goods and services and leads to high demand for Rupees compare to US Dollar.
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Coconut Industry Sector Record 9% Growth in 2012
The Srilanka Coconut and Coconut based products has recorded an overall growth of 9% from the year of 2011 to 2012. The Country generated total earnings of Rs. 32 Billion in compare to Rs. 29 Billion in 2011.
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Prescription Medicine Home Delivery in Srilanka
The renowned pharmacist the Union Chemists introduces new faculties of the Prescription Medicine Home Delivery to your home or office for FREE of charge. The service is offered only in Colombo Municipal Council Limits and outside of Colombo with a Courier charge.
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Touchwood Investments PLC Capitalization of Reserves calls
The Touchwood Investments PLC announced to Colombo Stock Exchange that the Board of Directors has passed the resolution of capitalization of reserves as follows.
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Maskeliya Plantations Right Issues
The Maskeliya Plantation announces right issues as the proportion of one new shares for every one share held at a price of Rs. 12.00. The company offered 26,976,745 shares as right issues.
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People’s Leasing Company PLC rename as People’s Leasing & Finance PLC
The People’s Leasing Company PLC announced to Colombo stock Exchange, that the company have renamed as People’s Leasing & Finance PLC.
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Ceylinco Investment Corporation Ltd Divest by Nation Lanka Finance PLC
The continuous loss making entity of Ceylinco Investment Corporation Ltd has been divested by its parent company of Nation Lanka Finance PLC. The company has been sold to Moughul Fund (Pvt) Ltd at a Consideration of Rs. 1 per Share (total of 600,000 shares).