Subsidiary of CG Corp Global – CG Capital Partners Singapore to acquire 70.84% of Union Bank Colombo (UBC) Acquisition is Chaudhary’s CG Corp Global’s debut into SL’s financial industry When Nepalese billionaire Binod Chaudhary first made a significant investment in 2001 in the iconic Taj Samudra Colombo through a joint venture with Indian Hotels Corporation…
Marks GRI’s fifth global acquisition in five years Expanding its global footprint and growth trajectory even further, GRI today announced that it had acquired Klumpenaar Industriebanden BV in the Netherlands. Founded in 2010, Klumpenaar Industriebanden BV has been actively engaged in the Material Handling tire aftermarket service and distribution business. The company has grown its…
Ranked as the 24th Best Port in the World United Nations Conference On Trade and Development (UNCTAD) in its new Review of Maritime Transport 2022 has revealed that the Port of Colombo is the highest-performing port in South Asia. The Review of Maritime Transport is a recurrent publication prepared by the UNCTAD secretariat since 1968…
Revenue rises by 40% (YTD) PAT grows by 50% (YTD) WHITE by JAT sees revenues expand by 840% Incorporation of fully owned subsidiary to manufacture and cater to the Bangladesh market Completion of enhancement of R&D facility with state-of-the-art equipment Going from strength to strength, Sri Lanka’s market leader in wood coatings and multinational conglomerate,…
State Minister of Technology Hon. Kanaka Herath said at the Ministerial Consultative Committee on Technology held recently (Nov. 30) that a proposal will be submitted regarding the reactivation of Vidatha Technology centers across the island under the Ministry of Technology. State Minister said so in response to the request made by Member of Parliament Hon….
The Palm Oil Industry Association of Sri Lanka (POIASL) held its 4th AGM on the 24th of November 2022, at the JAIC Hilton in Colombo. High Commissioner of Malaysia to Sri Lanka and Maldives – His Excellency Dato Tan Yang Thai, and the Ambassador of the Republic of Indonesia, Her Excellency Dewi Gustina Tobing, stakeholders,…
Hindustan Times –Putting equal onus on rich global north and developing global south, the Paris Club creditor nations are proposing a 10-year moratorium on Sri Lankan debt and another 15 years of debt restructuring as a formula to resolve the current financial crisis in the Island nation. While the Paris Club is still to formally…
Regulatory Delays Creating Uncertainty Around Port City The Port City Colombo Special Economic Zone (PCC SEZ) is a game changer, especially for financial services, trade, IT/BPM, tourism, retail and many other sectors. This is because of its special status as an SEZ, governed by the Port City Economic Commission. However, although the Port City Economic…
– Chairman of the National Council Sub-Committee on Economic Stabilization Patali Champika Ranawaka Chairperson of National Council sub-committee on identifying short- and medium-term programs related to economic stabilization, Hon. Patali Champika Ranawaka said that the proposals related to earning the amount of 3500 billion rupees, which is the expected government revenue next year, will be…
Cinnamon Air, Sri Lanka’s premier domestic airline, has resumed daily scheduled flights after a temporary suspension during the COVID-19 pandemic. The airline is the only domestic carrier in Sri Lanka offering daily scheduled flights and the only such airline to operate flights from the Bandaranaike International Airport (BIA) with a dedicated passenger terminal and aircraft…
Video Story
