A breakthrough Board and Committee meeting automation solution developed in Sri Lanka has been showcased at one of the world’s leading annual forums on governance which concluded in London recently. BoardPAC, the iPad enabled platform for paperless meetings was presented by its developer IronOne Technologies at the 2016 conference of the Institute of Chartered Secretaries…
One might reasonably and understandably assume that all passports are created equal, which is to say that a passport from most any country will provide a consistent level of travel access across all corners of the globe. The laws governing international travel, however, are much more nuanced than you might otherwise assume. In truth, the…
Fortune – Politically and financially troubled Myanmar just opened its first and only stock exchange to local investors, trading just one company with a market cap of $598 million. That makes the country’s stock exchange the second smallest in the world behind Cambodia, which touts an market capped at $103.1 million. It’s a microscopic slice…
“MS Amsterdam” the flagship of the Holland America Line, on her Grand World Voyage 2016, arrived in Colombo on Monday. The passenger vessel started from Florida on 5th January 2016 and arrived in Colombo port on 21st March 2016. She had called at Hambanthota Port on 20th March 2016 from the Port Phuket, Thailand before…
After a significant reduction in investments over the past two years, oil companies can no longer overcome the production declines from legacy wells. The oil business is nothing more than a rat race. Oil companies continually have to drill new wells to offset the decline from legacy wells. If they drill too much it causes…
Paris (AFP) – A bankrupt Luxembourg investment firm once chaired by disgraced former IMF chief Dominique Strauss-Kahn will be investigated for fraud, a French judicial source said Thursday. French prosecutors set out charges of organised fraud, misuse of corporate assets and breach of trust against Paris-listed Leyne Strauss-Kahn and Partners (LSK) earlier this month. “The…
Aims to promote two way trade and investment between Sri Lanka and Switzerland The Ceylon Chamber of Commerce and Zurich based Swiss-Asian Chamber of Commerce signed an MOU recently in a bid to promote trade and investments between Sri Lanka and Switzerland. The signing took place in Colombo recently with the participation of CCC Chairman…
Fitch Ratings Lanka has affirmed and simultaneously withdrawn the rating of HSBC Sri Lanka Branch’s (HSBCSL) National Long-Term Rating at ‘AAA(lka)’ with a Stable Outlook due to commercial reasons. KEY RATING DRIVERS NATIONAL RATINGS HSBCSL’s rating is at the highest end of the National Rating scale and reflects the credit profile and financial strength of…
• Watawala Dairy Ltd. set up with FDI of USD 3 million from Singapore-based Duxton Asset Management • International asset management’s first-ever agricultural FDI in Sri Lanka Watawala Plantations PLC, a member of the diversified Sunshine Holdings conglomerate and one of Sri Lanka’s largest Regional Plantation Companies (RPCs), has announced plans to set up a…
Sri Lanka’s next big power project in the pipe line is tipped to be coal. However, the country will need to shift to a cleaner alternative for a brighter future and developing the logistical capacity for it will be a crucial factor in deciding the viability of clean energy. Sustainable power generation is fast becoming…
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