Six Senses arrives in Ahungalla with Aitken Spence Hotels
Six Senses Resorts & Spas, together with the Favourite Group and its associates, signed an agreement with Aitken Spence Hotel Holdings PLC, a subsidiary of Aitken Spence PLC, yesterday to establish the first Six Senses property in Sri Lanka as a Board of Investment approved, 50:50 joint venture, worth US$ 35-40 m.
Asian Alliance announces Rs. 812.5 m Rights Issue
ASIAN Alliance Insurance Plc has announced a Rights Issue of one for two at Rs. 65 each raising Rs. 812.5 million.
SEC calls for views on minimum public float
The Securities and Exchange Commission (SEC) has called for the views of the public on the proposal to implement a minimum public float as a continuous listing requirement in local bourse.
Cabinet approves 2011 Appropriation Bill
Cabinet has approved the 2011Appropriation Bill, which will be presented to Parliament by President Mahinda Rajapaksa on 22 November.
world’s most sustainable retailer
By Cassandra Mascarenhas
British retailer Marks & Spencer (M&S) reported on the progress in year three of its ‘Plan A’ initiative, an eco and ethical programme which was launched in the year 2007. Following the success of the initiative, the major retailer has now spearheaded a programme to be the world’s most sustainable retailer by 2015.
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