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Shares in embattled Chinese property giant Evergrande opened up 6% in Hong Kong after Chinese media reported it had made an interest payment before a crucial deadline. The company missed an $83.5m (£61m) payment last month,…
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Jason Avanceña has been appointed Managing Director of Nestlé Lanka PLC effective 1 October 2021 and will lead Nestlé’s operations in Sri Lanka and the Maldives. He takes over from former Managing Director, Fabrice Cavallin, who moved…
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The Governor of the Central Bank Ajith Nivard Cabraal had discussions with the Governor of Qatar Central Bank (QCB) Sheikh Al-Thani, one of the longest-serving Governors in the world last week. The duo also discussed ways and…
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Colombo International Container Terminals (CICT) has continued its winning streak on the global stage by winning the award for the ‘Best Container Terminal in Asia’ in the Under 4 million TEUs category for a record fifth consecutive…
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The Government plans to convert Trincomalee Port to a mega industrial port city that will house ship repairs and shipbuilding, a petroleum refinery, fertilizer manufacturing, steel and mineral sand industries and biomass storage…
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Symbolising its role as the National ICT Solutions Provider and committed to leading Sri Lanka towards the next phase of its digital revolution, SLT-Mobitel laid the foundation stone for Mobitel’s technologically advanced new…
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For the first time in Sri Lanka, Abans Electricals will be moving to the manufacture of Air conditioners in Sri Lanka and also refrigerators. The total investment for the two projects would be in the excess of Rs. 3.5 billion in two…
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The Prisons Department has decided not to recommend any inmate, who engage in rooftop protests or behaves violently or disturbs the prison administration, for consideration for release under any pardon. Prisons Commissioner General…
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An inquiry should be conducted immediately into the import of Nano Nitrogen liquid fertilizer, Opposition Leader Sajith Premadasa said. He was participating in another round of ‘Govi Hadagasma’ programme held in Bandagiriya,…
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The idea that receiving International Monetary Fund (IMF) assistance to bail out the economy would lead to drastic cuts of public welfare measures is untrue, UNP Leader MP Ranil Wickremesinghe said. Speaking at a meeting with a group…
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