- 01 May 2012
China over oil spill
Months after agreeing to a $160 million settlement, ConocoPhillips and China announced that the energy giant will pay an additional $191 million in the wake of oil spills last year in north China's Bohai Bay.
Money from the latest agreement goes to the State Oceanic Administration, which overseas waters off China. It follows a separate deal, announced in January, in which ConocoPhillips agreed to give about $160 million to China's agricultural ministry, funds that are intended for fishermen and others affected by the incident.
- 29 February 2012
Access Engineering secured controlling stake of Sathosa Motors PLC
Leading businessman Sumal Perera’s Access Engineering secured the controlling stake of Sathosa Motors PLC (SMOT), the agents for the Isuzu vehicle range in Sri Lanka,in a deal to the tune of Rs.846 million.
- 21 February 2012
B.Kotagama won the "OUTSTANDING Entrepreneurship Award 2012"
The managing director of CIC Agri Businesses (Pvt) Ltd. Mr.Keerthi B. Kotagama won the "OUTSTANDING Entrepreneurship Award 2012" at the Asia Pacific Entrepreneurship Awards 2012.
- 24 February 2012
Sugar companies at Sevenagala and Pelwatte resume operations
The state owned sugar companies at Sevenagala and Pelwatte will resume operations on March 5 after the take-over from private ownership, Productivity Promotion Minister Lakshman Seneviratne said today.
- 15 December 2011
Dialog dials with Suntel
Sri Lanka’s Dialog Axiata’s subsidiary, Dialog Broadband Private Limited (DBN) yesterday entered into a share purchase agreement (SPA) to purchase 100 per cent of Suntel Limited, the second largest wireless fixed line operator in Sri Lanka, from its current shareholders.
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