Huawei says Meng Wanzhou’s U.S.-ordered arrest was an unlawful abuse of process and guided by political considerations and tactics From the outset, Huawei has expressed confidence in Ms. Meng’s innocence. We have maintained that her U.S.-ordered arrest was an unlawful abuse of process – one guided by political considerations and tactics, not by the rule…
Reuters – Sri Lankan shares extended falls into a fifth session on Wednesday and closed at their lowest levels in six-and-a-half years on shattered investor confidence following the Easter Sunday bombings. ** Investigators have dismantled a major part of the network linked to the Easter Sunday bombings, Prime Minister Ranil Wickremesinghe said on Tuesday, but…
Despite the tragic setbacks the country has experienced, global travelers to the country who are comforted by assurances by the Tri-forces and political leadership are starting to show renewed confidence which is denoted in steady stream of tourists who are trickling in. This is amplified by the interest from travel writers and bloggers who…
Robert O. Blake says the influence of China’s Belt and Road Initiative and the debt, labor and other impacts on recipient countries, China’s militarization of disputed islands in the South China Sea are also concerns China’s growing surveillance state, powered by artificial intelligence and propagated by companies such as Huawei, the influence of China’s…
DFCC Bank concluded its Rights Issue with subscriptions reaching over 43% of the total LKR 7.6 Billion on offer. This Rights Issue was the culmination of DFCC’s capital raising programme for this year and came on the heels of a LKR 10 Billion debenture issue, which was oversubscribed. The capital so raised will enable DFCC…
Reuters – Sri Lankan shares recouped early losses on Tuesday, but closed at their lowest levels in six-and-a-half years on lingering investor concerns following the Easter Sunday bombings. ** Investigators have dismantled a major part of the network linked to the Easter Sunday bombings, Prime Minister Ranil Wickremesinghe said on Tuesday, but warned the chance…
Oman, host to a fast growing free port in the world, and a key gateway to Gulf Cooperation Council (GCC) has proposed a Joint Commission with Sri Lanka to advance present bilateral trade to new levels. During his meeting with the Sri Lankan Ministerial delegation on 6 May in Oman, the Omani Commerce and Industry…
Sri Lankan Billionaire Nahil Wijesuriya’s family controlled East West Properties owned Weligama Hotel Properties Limited (WHPL) is being sold to Singapore’s Hotel Properties Limited (HPL) founded by Singaporean billionaire businessman Dato’ Ong Beng Seng for US $ 22.62 million according to an earlier announcement, and today’s (7th May 2019) Colombo Stock Exchange (CSE) market opened with…
Business Sentiment – Index Falls To a Decade-Plus Low The sad truth is that Sri Lanka Inc. will suffer as much as the people, following the deadly Easter Sunday explosions in the commercial capital and elsewhere that rocked a nation basking in the glory of nearly 10 years of peace on the ground – and…
SriLankan Airlines, the National Carrier of Sri Lanka and a member of the prestigious oneworld alliance, has appointed Mr. Joshua Bustos as its Chief Commercial Officer and Mr. Shaminda Samaraweera as its Chief Financial Officer with effect from April this year. Mr. Bustos is an internationally experienced senior level airline executive with over 20 years…
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