Sri Lanka’s new government said on Thursday it might renegotiate a $1.5 billion “port city” deal with China Communications Construction Co Ltd, softening its pre-election threat to scrap the project. New Prime Minister Ranil Wickremesinghe, before last month’s presidential vote, said he would cancel the port deal if his party came to power. Maithripala Sirisena,…
The Chinese company which had submitted the estimate for the construction of the Northern Expressway to the earlier government has submitted a new estimate to the incumbent government with a reduction of some 50 billion Rupees, says the Finance Minister. While speaking in Colombo today (23 January) Finance Minister Ravi Karunanayake said that this particular…
Honda, the Japanese carmaker, is working on a new engine family that will power its future cars. Known for making some really capable naturally-aspirated petrol engines, the company has now decided to gradually move towards turbocharged powertrains. This will help the company develop small-sized engines which will be both powerful and fuel-efficient. Last year, the…
The European Union has suspended the import of fish and fishery products from Sri Lanka effective today (15 January). Three months before this import ban came into effect the EU allowed Sri Lanka to address the concerns by implementing international maritime law obligations and putting in place an efficient vessel monitoring system and a sanction…
An international narcotics trafficker with even a pending Red Alert from Interpol, Gampola Vithanage Samantha Kumara alias Wele Suda was arrested in Pakistan and brought in to Sri Lanka. Police Media Spokesman Senior SSP Ajith Rohana told adaderanabiz.lk that Wele Suda was currently under the custody of Sri Lankan defence authorities. A prominent pledge given…
The presidential election of neighbouring Sri Lanka garnered attention in India as the Indian factors like Prime Minister Narendra Modi and superstars like Salman Khan were involved with it. While incumbent president Mahendra Rajapakse relied on the star power as he invited Bollywood actor Salman Khan and his co-star and Sri Lankan beauty Jacqueline Fernandez…
Gotabhaya Rajapaksa has resigned as Chairman of Lanka Hospitals Corporation PLC. Meanwhile, Lanka Hospitals Corporation PLC Vice Chairperson Roshini S. Cabraal too has resigned from her post.
Apple now has a patent for a phone that is actually supposed to bend. Among 28 patents Apple was granted Tuesday is one for a “flexible electronic device” and another for smart glasses technology that could challenge Google Glass. The patents hint at what iGadgets Apple (AAPL, Tech30) may have in the pipeline. Flexible phone…
The government has decided to temporarily halt foreign vessels including those belonging to Japan’s Kiyoshi Kimura alias ‘Tuna King’ from fishing under the Sri Lankan flag in the island’s maritime waters, says the Ministry of Fisheries and Marine Resources. The ministry says that strong opposition has arisen against several companies registered with the Sri Lanka…
Rihanna is getting ready to start work at sports firm Puma. She’s been announced as women’s creative director and will be the face of the women’s training collection from January. The 26-year-old will develop existing clothing and shoe styles and help come up with new designs for the brand. Speaking about the partnership, Rihanna said:…
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