SupremeSAT over subscribed
Supreme SAT -1 has been already successful in
obtaining contracts to their total capacity from the region. “Our
satellite space has already being oversubscribed.” Chairman Supreme
SAT, M. Manivan said that the satellite which was launched at 18.13
hours from Xi Chang,
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MAS Holdings US $ 70 mn knitting plant for Thulhiriya
MAS Holdings expanded its manufacturing scope
and value addition to the industry with an investment in automated
knitting technologies, fully renovating a 200,000 sq. ft. facility
to accommodate the largest, automated knitting plant in the region.
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Fitch affirms Singer Finance at ‘BBB+(lka)’; Outlook Stable
Fitch Ratings Lanka has affirmed Singer Finance
(Lanka) PLC's (SFL) National Long-Term rating at ‘BBB+(lka)'. The
Outlook is Stable. SFL's rating reflects Fitch's expectation that
support, would be forthcoming from the parent, Singer (Sri Lanka)
PLC (SSLP; ‘A(lka)'/Stable), given the strategic importance of SFL
to SSLP.
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SL Customs in final stages of full automation
Sri Lanka Customs is in the final stage of
automating whatever procedures that could be automated to ensure
that legitimate trade is facilitated with a minimum delay and
minimum cost said, Dr. Neville Gunawardena, Director General of
Customs addressing the annual members – evening and fellowship of
the Imports Section of the Ceylon Chamber of Commerce held on
Wednesday in Colombo.
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