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DateLine Thursday, 31 July 2008

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Arpico to shove losing entities

Richard Pieris and Company Limited (RPCL) is looking to move out from certain business entities, that are not performing well, due to the tough market conditions prevailing in the country, Director/ Chief Operating Officer Pravir D Samarasinghe said.

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Despite US recession:

Gem and Jewellery growth seven per cent

Despite the unfavourable economic condition in the US market, Sri Lanka was able to record seven per cent growth through gem and jewellery exports during first half of this year.

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Fitch affirms Hayleys MGT Knitting Mills at ‘BBB+(lka)’

Fitch Ratings Lanka has affirmed Sri Lanka-based Hayleys MGT Knitting Mills PLC’s (HMGT) National Long-term rating at ‘BBB+(lka)’. The Outlook is Stable.

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World’s largest Maritime Campus Dalian Maritime University signed an MoU with Colombo International CINEC Maritime Campus in Millennium Drive IT Park in Malabe on Tuesday. Prof Wqng Zuwen examining the bridge stimulation. President CINEC Maritime Campus, Captain Asitha Wijesekera and Dean of the Faculty Captain Nalaka Jayakody look on. Picture by Saliya Rupasinghe



 
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