Shipping during COVID-19: Why container freight rates have surged
By United Nations Conference on Trade and Development (UNCTAD) When the Ever Given megaship blocked traffic in the Suez Canal for almost a week in March, it triggered a new…
Hayleys Fabric to Become the largest fabric manufacturer in Sri Lanka After Acquisition of Ambeon’s South Asia Textiles
Dhamike Perera-controlled, Hayleys Fabric PLC (MGT) entered into an agreement with Ambeon Holdings PLC (GREG) yesterday (22nd April) to acquire the fourth largest fabric manufacturer in Sri Lanka South Asia Textiles…
IATA Welcomes WHO Emergency Committee Risk Management Recommendations
The International Air Transport Association (IATA) urged states to comply with recommendations on international travel from the World Health Organization’s International Health Regulations (2005) Emergency Committee on testing and risk management during…
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CSE listed firms posts record earnings for December Quarter
The Earnings of Colombo Stock Exchange (CSE) listed firms rose by 33% percent Year-on-Year (YoY) to Rs 88.6 billion in December quarter maintaining the growth momentum for the second straight…
Supreme Court to further consider petitions challenging Colombo Port City Economic Commission Bill tomorrow
The Supreme Court today postponed further consideration of the petitions filed challenging the ‘controversial’ Colombo Port City Economic Commission Bill until 10 am tomorrow (20th). The Bill aims to provide…
EU backs U.S. call for global minimum corporate tax, but rate to be decided
(Reuters) – The European Commission backed on Tuesday a call from U.S. Treasury Secretary Janet Yellen for a global minimum corporate tax, but said its rate should be decided in…
NEXT Recognises Trade Union at its Plant in Sri Lanka
The British multinational clothing, footwear, and home products retailer, NEXT agreed to recognize the newly formed branch of Free Trade Zones and General Services Employees Union (FTZ & GSEU) at its plant (Next Manufacturing (Pvt)…
New Zealand ban live exports of animals by sea citing reputational risks from poor animal welfare practice
Citing reputational risk from poor animal welfare practice, New Zealand is banning live exports of animals by sea. New Zealand’s Agriculture Minister Damien O’Connor on Wednesday announced the controversial practice…
Cabraal Leads Sri Lankan Delegation to Lulu Regional Office
A high-level delegation from Sri Lanka headed by the State Minister of Money & Capital Market and State Enterprise Reforms H E Ajith Nivard Cabraal visited Lulu regional headquarters recently.…
The United States Blacklists Seven Chinese Supercomputing Entities
The Department of Commerce’s Bureau of Industry and Security (BIS) has added seven Chinese supercomputing entities to the Entity List for conducting activities that are contrary to the national security…