The regulatory framework to develop Sri Lanka’s boat building industry was officially handed over to the implementing agencies under the patronage of Minister of Trade, Hon. Dr.Bandula Gunawardena on 29th March, at the Trade Ministry. Speaking at the occasion, Minister Gunawardena remarked that it was imperative for Sri Lanka to pursue a strategy reliant upon…
Bangladesh’s container ship operator HR Lines Limited, will be launching the Colombo-Chattogram feeder service on the 4th of April 2021, in partnership with, Clarion Shipping (Pvt) Limited, a subsidiary of Hayleys Advantis Limited. The operation will commence with two of the newest container vessels to be added to the fleet of HR Lines, MV HR…
Good Life X (GLX) Garage was very much an innovative experiment to take the best of Sri Lanka to the world! Good Life X brought together 5 sustainable SMEs in the food, agriculture and design sectors who were seizing opportunities to be different, innovative and wanted to take on the global “conscious consumers” by storm. As part of…
Another EVERGEEN mega container ship was troubled, EVER GIVEN sister ship EVER GENTLE, at Taipei Port, Taiwan, at around midday Mar 27, during cargo operations. Gantry crane struck ship’s funnel, severely damaging it. Crane and funnel were parted in some two hours, EVER GENTLE left Taipei shortly after mishap, bound for Yantian, China. Container ship…
The Government of the Democratic Socialist Republic of Sri Lanka and the Government of the Federation of Saint Kitts and Nevis in accordance with the interests and desires of the peoples of both countries have decided to establish diplomatic relations between the two countries with effect from 22 March 2021. The establishment of diplomatic relations…
Leading global manufacturing company Star Garments Group (‘Star’) recently established a state-of-the-art factory in Buttala in the Monaragala District, with the view of promoting inclusive growth and supporting the nation’s efforts in uplifting regional economies. This is the group’s eleventh factory in Sri Lanka and will go on to provide job opportunities for over 1,000…
CAIRO (Reuters) -The stranded container ship blocking the Suez Canal for almost a week was re-floated on Monday and is currently being secured, Inchcape Shipping Services said, raising hopes the busy waterway will soon be reopened. The 400-metre (430-yard) long Ever Given was successfully re-floated at 4.30 am local time (0230 GMT) and was being…
A meeting of the Enterprise Development Advisory Council (EDAC) was held on March 26 at the Shangri-La Hotel under the patronage of Hon Ajith Nivard Cabraal, Minister of State for Finance and Capital Markets and Public Enterprise Reforms. The progress of the subcommittees on ICT, Doing Business, Stock Market and Automobile initiated during the previous…
The Silk Road Journal – by Mahika Ming When the United States of America (USA) and Canada were constructing their first ever railroads, thousands of Chinese slaves were taken across the Pacific by the colonial rulers to work in these mega projects. As per records thousands of Chinese peasants have died constructing railroads in the…
The approval was granted at the cabinet meeting held on the 04th January 2021 to establish the Colombo Port City Special Economic Zone which will be an International business and services hub with specialized infrastructure facilities. Port City investor company, CHEC Port City Colombo (Pvt) Ltd. welcomes the Government’s move and expects this initiative will…
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