Financial Times

Hayleys pulls out of Dimo
The Hayleys Group on Friday exited from Diesel and Motor Engineering PLC (Dimo), the Mercedes Benz agent, saying it was selling off for strategy reasons while business circles saw the move as an effort to raise much-needed capital and reduce debt. Separately, stock analysts say more and more companies are seeking to sell their portfolios in non core business areas.
Kuwait keen to invest millions of dollars
Oil-rich Kuwait, a rapidly growing market for Sri Lankan workers, wants to invest millions of US dollars in Sri Lankan infrastructure like highways, airports, hotels or shopping malls but is constrained by the lack of investment protection and arbitration mechanisms. Kuwaiti Ambassador in Sri Lanka, Fahad H. Sh. Almetairi, firmly believes Kuwait and other GCC (Gulf Cooperation Council) countries want to invest here, but “the problem is we still have not signed an investment protection agreement and until we sign this, no investor is willing to put their money in.”
Other Financial Times Articles
New US$ 150 mln loan to fund state projects
DFCC - HNB venture starts operations on July 1
Lankan EPF on Malaysian model
Maxis-SLT tug of war over CEO post
Not garbage, but motor vehicle spare parts
End to portfolio investments
Global best practices in HR
Business in brief
Taxing NGO's and crisis over shorter duration visas
Al Ghurair commends MTI for work on Serendib Flour Mills
Malwatte Plantations modernising
Inventors get another chance to attend US Intl fair
Bigger role for business in SAARC
Newspapers must change with the times, need to attract young readers
LAUGFS to make a significant contribution on fuel issue
CEAT supports IDIRIYA to promote ‘Access Ability’ for everyone
Hemas Hospitals launch CPR in schools
Standard Chartered empowers its female leaders
PC Pharma to market new range of drugs
Silverjet rescue bid collapses, business-class airline lays off employees
Herbert Cooray: Gentle giant and an unsung hero
Ceylon Tea promo in US market
British Council hunting for young fashion entrepreneurs
Extra miles from Cathay Pacific
Walkers Tours partner wins awards at Arabian Travel Mart
Trade Point launched as trade gateway
Amarasinghe, Watawala on Lake House Printers board
Automated Cargo Clearance will cut import, export goods costs
Tourism Ministry seeking international donor support
Dankotuwa says labour issue has been resolved
Regional meeting of Ogilvy & Mather
Dialog tower network to become a revenue driver
Human rights concerns spilling over to the GSP+
Oil exploration soon in the Mannar Basin
Toshiba’s new range of note books to growing Lankan market
Deccan Lanka bags international charter contract



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