The UN today denounced Sri Lanka's "slow pace" in addressing war crimes and warned that it may "derail" the momentum towards lasting peace and reconciliation with the minority Tamil community.
"Berger International Pvt Ltd, Singapore, indirect subsidiary of the company, has entered into a share purchase agreement with the existing shareholders of Causeway Paints Lanka (Pvt) Ltd (CPLPL), Sri Lanka, for acquisition of 100 percent stake in CPLPL in an all cash deal," Asian Paints Ltd said in a BSE filing.
Amid rising concern in Sri Lanka about Chinese investment, the country aims to finalise a free trade agreement with China this year.
Coca-Cola's interest was expressed by the Asia Pacific chiefs of the Company when they met the Finance Minister Ravi Karunanayake here over the weekend, it said in a statement.
"As more and more South Asian countries keep a positive attitude toward China's efforts to improve infrastructure in the region, skeptics in countries such as India should rethink their stance toward the Chinese-funded project in Sri Lanka," it said.
India has signed agreements with Sri Lanka, Finland, Spain and three other countries whereby airlines from those nations can operate unlimited number of flights to six Indian metro airports.
Harendra "Harold" Sirisena joined City University of New York (CUNY) in 1995 after serving four years in the bursar's office. His early years at City Tech college were highly productive and successful.
According to a Rashtrapati Bhawan spokesman, the President said Indian private sector companies were keen to be partners in Sri Lanka's infrastructure projects.
India has been vying for major projects in the island nation where China has secured multi-billion dollar infrastructure projects including a USD1.4 billion high-end property development and others ranging from a coal plant to ports.
Wickremesinghe's remark assumes significance as Sri Lanka was one of the five SAARC member-states which sided with India in pulling out of the summit scheduled in Islamabad on November 9-10 over an attack on an Indian army base in Uri on September 18 by Pakistan-based terrorists.
Sri Lanka and Bhutan strongly condemned the terror attack that left 18 soldiers dead and called for sustained regional and global cooperation to eliminate the menace of terrorism.
The decision of the Ministry of Power and Energy not to go ahead with the project in Trincomalee district's Sampur, was informed by the Attorney General.
Ports Minister Arjuna Ranatunga said they would like to see an Indian investor take at least a 20 per cent stake in a consortium that will run the 'East Terminal' of the expanded deep draught South Harbour of Colombo Port.
Nadda had in April said that the total expenditure on health as percentage to GDP for India in 2012 was merely 4 percent compared to poorest countries like Burundi which had around nine percent.
The new order will be completed in 24 months and margins from that are expected to be around 10-12 percent, said A Nithya, Whole Time Director, RPP Infra.
The company's wholly owned subsidiary in Sri Lanka has bagged order from High Commission of India Colombo worth USD 10.36 million.
CNBC-TV18‘s Navin Shetty reports that the order is for a building - Jaffna Cultural Centre. The company is likely to raise funds in second half of FY17.
The issue among others was came up for discussion during the meeting between the visiting Sri Lankan Minister for Development Strategies and International Trade, Malik Samarawickrama, and Commerce and Industry Minister Nirmala Sitharaman here.
The Lankan personnel damaged their fishing nets and also took away GPS equipment, Fishermen's Association President S Emiret said.
The Sri Lankan government today said that banking, trade and financial sectors were performing "normally" despite the impasse over its Central Bank Governor who was under fire for his alleged involvement in bond dealings favouring a firm linked to his son-in law.
"We hope to fast track the Economic and Technical Cooperation Agreement (ETCA) with India and free trade agreement with China. We are also hoping to sign similar trade deals with Japan and South Korea," Deputy Foreign Minister Harsha de Silva said.
Global sugar refining margins have fallen after the latest ICE raw sugar rally, driven by a shift of the global market into deficit. Margins could recover, however, as Indian low quality white sugar exports from mills would halt after the planned imposition of the tax, traders said.
The engineering exporters' body said country's engineering exports to Sri Lanka witnessed a degrowth of over 90 percent, falling to mere USD 63 million in April 2016 from USD 648 million in the same month last year, marked by a huge fall in exports of aircraft and spacecraft parts.
The IMF has approved a USD 1.5 billion loan to Sri Lanka, with USD 168 million being disbursed as the first tranche with immediate effect to support the country's economy, which is showing "signs of strain"
The partnership provides customers online booking options via thomascook.in covering standalone accommodation, and as inclusions in the company's holiday packages, Thomas Cook India said.