Sri Lanka’s expropriation law names two listed firms: report

The underutilized assets named are the Charmers Granaries; the Badulla properties of Colombo Commercial Company, the Pettah and Narahenpita properties of Lanka Tractors Ltd, land belonging to Pelwatte Sugar Industries Ltd, and land owned by Sevanagala Sugar Industries Ltd, Labimanews said. Hotel Developers Lanka Plc was also named. It is state controlled and there are disputes with one of the promoting shareholders, over unpaid dues to the Urban Development Authority. Several others were Read more [...]

Fieldale festival ranked in top 20

Sunday, October 30, 2011 The Fieldale Heritage Festival, held each year on the third Saturday in May, has been voted one of the “Top 20 Festivals in the Southeast” by the Southeast Tourism Society for May 2012. Each month various events from across the region are chosen by the Southeast Tourism Society to be featured as the Top 20 Events and Attractions in the Southeast. The list of winning events is sent to more than 1,600 media outlets around the country and are listed on Read more [...]

Fieldale festival ranked in top 20

Sunday, October 30, 2011 The Fieldale Heritage Festival, held each year on the third Saturday in May, has been voted one of the “Top 20 Festivals in the Southeast” by the Southeast Tourism Society for May 2012. Each month various events from across the region are chosen by the Southeast Tourism Society to be featured as the Top 20 Events and Attractions in the Southeast. The list of winning events is sent to more than 1,600 media outlets around the country and are listed on Read more [...]

Tanduay allots P1.8 billion for factory upgrades

The amount will be sourced from proceeds of a share sale that will hike the listed firm’s public float in compliance with the local bourse’s rules, Nestor C. Medones, the company’s chief finance officer said. “The company currently has ongoing expansion programs with estimated costs of P1.8 billion for the next two years,� Mr. Mendones said in a telephone interview. He said the company will be spending around P700 million for the expansion of its bottling Read more [...]

Born to Sea moves up for Killavullan Stakes

1 of 1 Although a little unfair at this stage of his career, it's hard not to have huge expectations for the John Oxx-trained Born To Sea, who bids to maintain his unbeaten record in the Group Three JRA Killavullan Stakes at Leopardstown. As a half-brother to the brilliant Sea The Stars and the mighty Galileo among others, there was always going to be plenty of interest surrounding the Invincible Spirit colt, Read more [...]

Developer never disclosed remediated landfill beneath homes

LAND O' LAKES -- When Merv and Cheryl Herman moved into the master-planned Suncoast Meadows in 2006, they say they noticed monitoring wells scattered along the streets but had no idea what they were.Now, they and their Pasco County neighbors have learned some of their homes were built over an old landfill. The wells test for ammonia and methane gas and, from time to time, show methane readings some experts say are high enough to risk an explosion. Even though the land Read more [...]

‘Friends’ star Perry puts two homes up for sale

LOS ANGELES -- "Friends" star Matthew Perry has put two homes up for sale and sold a condo in the last few weeks.His contemporary-style house in the Sunset Strip area is priced at $5,695,000.The 4,100-square-foot mid-century modern features disappearing walls of glass that open to a patio and swimming pool, a home theater, and indoor and outdoor fireplaces. There are three bedrooms and 3 1/2 bathrooms. He bought the property in 2006 for $1.7 million.The actor's ocean-view Malibu house is listed Read more [...]

Tadawul-listed firms gain 42.5% of revenues abroad

BUSINESS JEDDAH - Listed companies on the Saudi stock market are deriving an increasing share of their revenues from abroad, Jadwa Investment report said Saturday.It said that based on the examined annual reports of all listed companies over the past six years, it showed that SR212 billion or 42.5 percent of total revenues were obtained abroad from exports, foreign subsidiaries and foreign investments, up from SR63 billion (29.7 percent of the total) in 2005.With production Read more [...]

West Country special: Homes for celebrities

Few people have a better insight than local buying agents. If you are a celebrity looking for a home, agents such as George Wade of Property Vision are your best friends. They have the inside story on how the rich and famous go about securing their West Country crash pads. “As other destinations have become high profile and glitzy, such as parts of the Cotswolds, well-known people have been forced to look further afield to find a private retreat,” explains Wade. “The West Read more [...]