Market

Global stocks gain as US eases Huawei restrictions

Stock markets gained on Tuesday, with chipmakers and companies exposed to Asia among the best performers, after Washington temporarily eased trade restrictions imposed last week on China’s Huawei. In Europe, the broader Euro STOXX 600 climbed 0.6%, extending gains earlier in the...
Posted On 24 May 2019

Shipping

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CICT invests US$ 1.5 mn. to open Sri Lanka’s only Dangerous Goods Storage Facility

Says South Asia’s most advanced IMDG storage will enhance Port of Colombo’s capabilities and reputation Sri Lanka’s first, and South Asia’s most advanced, Dangerous Goods Storage Facility (DGSF) was commissioned on Friday, 10th May at the Colombo International Container Terminal...
Posted On 14 May 2019

Enrergy

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The Hirdaramani Group achieves yet another milestone in sustainability by quantifying the Group’s GHG emissions from energy to a “Net-Zero Status”.

The Hirdaramani Group announced that greenhouse gas (GHG) emissions from energy use of its Sri Lankan apparel vertical has reached a net-zero status. This quantification using ISO 14064 standards was externally validated; considering overall emission reductions stemming from...
Posted On 11 May 2019

Other

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US $ 70 million loan facility from the IDA of the World Bank to strengthen services of 134 Local Govt. Authorities

The International Development Association (IDA) of the World Bank has provided a loan facility of USD 70 million to strengthen the service provided   by 134 Local Authorities in the Northern, Eastern, North Central and Uva Provinces under the Local Development Support Project...
Posted On 15 May 2019