Mr. S. R. Gnanam, Managing Director of Tokyo Cement Company (Lanka) PLC, in a statement welcomed Ube Singapore Holdings Pte. Ltd.’s decision to deepen their investment in the Sri Lankan cement giant. Ube Singapore Holdings recently bought 10% voting shares of Tokyo Cement, placing itself among the Top 20 shareholders of the public listed company….
Emirates and flydubai have unveiled an extensive partnership which will see the two Dubai-based airlines join forces to offer customers unmatched travel options. Both airlines will continue to be managed independently, but will leverage each other’s network to scale up their operations and accelerate growth. The innovative partnership goes beyond code-sharing and includes integrated network…
A 13 member Korean business delegation visited Sri Lanka at the invitation of the Ideal Group to explore business and investment opportunities in diverse areas . KICOX which is the Business Growth Support Center for the Honam Area was responsible for putting together the delegation which comprised both the private sector as well as government…
The complex correlation between reinforced concrete shear walls, steel frames and outriggers in modern skyscrapers was demystified by one of the world’s leading structural engineers at a professional forum in Colombo recently. Using case studies of some of most remarkable high rises under construction around the world, Predrag Eror, Principal of Derby Design Engineering and…
No less than six exhaustive sessions of official talks have been wrapped to-date in Sri Lanka’s pursuit of the coveted Free Trade Agreement (FTA) with the world’s second largest economy. “Our talks with China are progressing smoothly” said an upbeat Minister of Industry and Commerce of Sri Lanka Rishad Bathiudeen on 14 July in Colombo….
A large number of representatives from UK government authorities, international organizations, non-governmental bodies and private sector businesses joined the UK-edition of the Global Ceylon Tea Party, which was hosted by the Sri Lanka High Commission in London on 6th July in close collaboration with the Colombo Tea Traders Association and Sri Lanka Tea Board. In…
Hayleys Advantis has further solidified its position in the Maldives with the addition of two new landing craft that will further expand the range of services offered by their subsidiary, Total Transport Solutions Maldives (Pvt) Limited (TTS). These landing craft will allow TTS to actively participate in discharging cargo midstream and make deliveries in shallow…
Reuters – Sri Lankan shares posted their highest close in more than 18 months on Friday led by foreign buying in blue chips on expectations of strong corporate earnings, while improved local buying also helped boost sentiment. The Colombo stock index snapped three sessions of declines to end 0.41 percent higher at 6,766.14, its highest…
New York (AFP) – Honda announced Thursday a recall of 1.2 million cars sold in the United States, following four engine compartment fires linked to faulty battery sensors. The Japanese auto giant said the recall affects Accords from the 2013-2016 model years. Honda said it would replace the sensors for the 12-volt battery free of…
The Government of Kuwait has decided to extend financial assistance to Sri Lanka promoting the ties between the two countries. Accordingly, the Government of Kuwait will provide assistance to several projects in Sri Lanka including promoting the Mushroom Cultivation Enterprise, providing school bags and stationeries to most needed children in war affected areas in the…
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