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Altair’s structural engineer Predrag Eror explains high-rise design principles at Colombo forum

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…

(0)Comments | July 17, 2017 11:26 am

Sri Lanka moves closer to coveted China breakthrough

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….

(0)Comments | July 17, 2017 10:47 am

Global Ceylon Tea Party in London held in style

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…

(0)Comments | July 17, 2017 10:35 am

Hayleys Advantis strengthens end-to-end logistics solutions in the Maldives with new acquisition

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…

(0)Comments | July 16, 2017 10:56 am

Sri Lankan shares hit 18-month closing high on foreign buying

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…

(0)Comments | July 15, 2017 8:36 pm

Honda recalls 1.2 million cars, citing faulty battery sensors

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…

(0)Comments | July 14, 2017 11:42 am

Financial assistance from Kuwait Government to Sri Lanka

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…

(0)Comments | July 14, 2017 10:48 am

IIP increases in May 2017

The Index of Industrial Production (IIP) has increased by 2.3 percent in May 2017 compared to the same month in 2016. Among the manufacturing industries; Volume of products of ‘Fabricated Metal Product’ (21.6%),‘Furniture’ (15.4%) and ‘Basic metal products’ (14.0%) have shown remarkable increases in May, 2017 compared to that of May, 2016 while the volume…

(0)Comments | July 14, 2017 10:46 am

Sri Lankan shares post near 1-week closing low

Reuters – Sri Lankan shares posted their lowest close in nearly one week in low trading on Thursday as local investors booked profits while foreign players bought into risky assets, limiting the decline. The Colombo stock index ended 0.11 percent weaker at 6,738.42, declining for the third straight session. “Local retail profit-taking brought the market…

(0)Comments | July 14, 2017 10:40 am

Sri Lankan rupee ends steady; importer dollar demand weighs on market

Reuters – The Sri Lankan rupee ended steady on Thursday as greenback sales by banks and exporters offset importer demand for dollars, dealers said. The spot rupee ended at 153.65/70 per dollar, hardly changed from Wednesday’s close of 153.65/75. “There was (importer) demand in the morning. But in the latter part of the day, we…

(0)Comments | July 13, 2017 5:50 pm

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