Reuters – Officials from China, India, Saudi Arabia and Group of Seven nations will participate in a first virtual meeting of a new sovereign debt roundtable on Friday, the International Monetary Fund said on Monday, confirming an earlier Reuters report. The roundtable will also include officials from countries that have requested debt treatments under the…
TOKYO, Feb 13 (Reuters) – Nissan Motor Co (7201.T) and Renault SA (RENA.PA) said on Monday they would invest $600 million to make six new models in India, one of three markets in which the two automakers plan to coordinate closely in a revamped alliance announced last week. The move will help address falling market shares for the Japanese…
The Ceylon Chamber welcomes and appreciates the financial assurances provided by creditors thus far, towards achieving Board approval from the IMF. The timely announcements by India, Paris Club members including members such as Japan, U.S. and UK, and non-members such as Hungary, are highly encouraging and appreciated by the business community at this time. We…
Strengthening Sri Lanka’s positioning as a global logistics hub, Advantis 3PL Plus, a member of the Hayleys Advantis Group, added 121,000 square feet of warehousing space to its mega distribution centre, Advantis Logistics City (ALC) housed in Ekala, Ja- Ela, making it the largest warehouse in Sri Lanka. With this expansion, the total footprint of…
As per the Chinese calendar 2023 is the year of the rabbit and rabbits were shown all over the world. However, the image of three-rabbits that can be found in China & in some other countries are considered as symbols of cultural exchanges between Great China & other civilizations during the prime of the ancient…
Grand Gain Industrial Ltd. (GG), a Hong Kong-based company specialized in the development, manufacturing and sale of polyurethane foam cups for the brasserie industry, has invested US$ 3.5 million in the recently declared open BOI-approved fully-fledged bra cups manufacturing facility in Rambukkana. The inauguration ceremony of the new factory was recently held with the participation…
FY 2022 Group Revenue Growth at 26% to record Rs178.1Bn and Q4 2022 Revenue Growth at 12% QoQ and 37% YoY to record Rs50.9Bn. One off /Non-cash provisions and Impairments of Rs12.1Bn in Q4 2022 and YTD Forex Losses amounted to Rs30.3Bn Rs35.7Bn Contributed to GoSL via Direct and Indirect Taxes, Fees and Levies up…
The board members of the Indian CEO Forum-Sri Lanka paid a courtesy call on the Board of Investment (BOI) Chairman Dinesh Weerakkody and had fruitful discussions on investments in the field of IT, Education, Manufacturing, Tourism and Logistics. The officials headed by Chairman T. S. Prakash, represented diverse industries including automobile, banking, cement, fuel, glass,…
Let’s dedicate ourselves to building the country despite having to take unpopular and difficult decisions The President requested the political leaders to dedicate themselves to building the country, during the launching ceremony of the Hyundai Grand i10 car, assembled for the first time in Sri Lanka at the Colombo City Centre Friday (10). These investments…
Reuters – State-owned SriLankan Airlines has defaulted on a $175 million bond as it was unable to meet a $6 million interest payment due in December, its chairperson told Reuters on Thursday, as the country struggles with its worst economic crisis in decades. The country of 22 million itself defaulted on loans last year and…
Video Story
