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Sri Lanka’s Mobitel plans to separate from parent company Sri Lanka Telecom (SLT) and list on the Colombo Stock Exchange. The operator is gearing up for a public listing this year with the goal of diversifying its ownership beyond SLT, citing official…
Sri Lankan mobile operator Mobitel has appointed Nalin Perera as its CEO. Perera started his career at Mobitel in 2001 as general manager of marketing and was later promoted to the positions of senior general manager of marketing and senior general manager of…
Sri Lanka’s Dialog Axiata boosted its net profit for FY16 by 74% year-on-year to 9 billion rupees ($59.4 million), recording strong growth across all its business segments. The operator reported total revenue of 86.7 billion rupees, up 17% year-on-year, with…
Sri Lanka’s Spa Ceylon Ayurveda retail and spa company has opened nine new points of sale in Asia, including business with standalones, kiosks and airlines since it exhibited at last May’s Tax Free Asia Pacific show and it is expecting five more new presences…
Sri Lanka’s Dialog Axiata has reported a 19% increase in revenue for the first nine months of the year to 64 billion rupees ($430.9 million) as a result of a temporary suspension of value-added tax (VAT) and strong growth momentum across the operator’s…
Sri Lanka Telecom has secured a contract to build a fiber network connecting government offices in the nation. The operator has been selected to build the LGN2.0 (Lanka government network 2.0). As well as connecting government agencies and public…
In a South Asia first, Sri Lanka’s Mobitel and Dialog Axiata have each completed successful trials of 4.5G technology capable of speeds of over 1Gbps. Mobitel announced it has tested a technology it calls LTE-A Pro at the operator’s test lab. The operator…
Indonesia has granted visa-free facility to 169 countries including Sri Lanka under a new visa regulation. Indonesian President Joko Widodo has signed Presidential Regulation concerning Visit Visa Exemption early last month adding 79 countries to the list.…
With effect from March 1, 2016, Carl Cruz assumed duties as Chairman of Unilever Sri Lanka, taking the helm from his predecessor, Shazia Syed who has returned to Pakistan to assume her duties as the Chief Executive Officer of Unilever Pakistan. Carl arrived…
Indian footwear and outdoor gear brand Woodland is planning to open stores in China, Malaysia and Singapore along with franchising its brand in other markets. Woodland is also taking the eCommerce route as part of its expansion, and is hiring social-media…
The Body Shop has entered Sri Lanka, with conglomerate Softlogic Group signing up for the franchise. Founded by Dame Anita Roddick 40 years ago, The Body Shop introduced fair trade to the cosmetics and toiletries industry in 1987, and was the first cosmetics…
Singapore has extended its support to revive Lak Sathosa, Sri Lanka’s sole State-owned retail chain In a significant development affecting Sri Lanka’s retail market segments. The immediate offer of support comes in the wake of a Ministerial level call made…
Sri Lanka’s state owned retail chain Lanka Sathosa, plans to get support to revive from Singapore as the retail chain is making continues losses, ministry of industry and commerce said in a release. Lanka Sathosa owned more than 310 outlets around the Island.…
Sri Lanka’s Odel PLC (Odel) is aiming at upgrading its Ward Place Odel flagship store to improve quality of offerings to customers and plans to build a Mega Mall of 300,000 sq. feet adjoining the Odel flagship store along with car park amenities. Addressing…
US ice cream chain Cold Stone Creamery is to open multiple stores in India and Sri Lanka. Parent Kahala Brands has partnered with Tablez Food Company, part of Lulu Group International, to open 40 locations in India over the next five years and five in Sri…
