SLPA targets US$ 500m new projects in H’tota
Several new Hambantota Port related projects
would be commissioned this year. Among them are a sugar refinery
plant, fertilizer storage, processing and packing plant, petrol
chemical plant and a cement plant. The main stakeholders of these
investments would consist of Singaporean, Indian and Pakistani
investors along with several local companies .
South Asia Textiles awarded WRAP (Gold) Certification
South Asia Textiles Industries Lanka (Pvt) Ltd.
(SATL), received the prestigious Worldwide Responsible Accredited
Production (WRAP) certification with their compliance to the 12 WRAP
principles recently. The WRAP certification comes months after SATL
was awarded the GOTS certification which is the leading processing
standard for textiles made from organic fibers worldwide.It defines
the high level environmental criteria along the entire supply chain
of organic textiles.
Orient Wealth signs trust deeds with Deutsche Bank
Orient Wealth Limited signed three trust deeds
with Deutsche Bank Sri Lanka on July 19, 2012. Under the provisions
of the trust deeds, Deutsche Bank will play the role of trustee and
custodian for the three newly licensed funds to be managed by Orient
Wealth. The three funds include Orient Gilt Edged Fund, Orient
Corporate Debt Fund and Orient Equity Fund which are licensed by the
Securities Exchange Commission of Sri Lanka to be managed by Orient