UK freight forwarder invests in Sri Lanka

Financial Times

Picture shows officials from both firms sealing the pact.

UK-based freight forwarding company, Cargo Overseas Limited, this week said it has opened a new branch in Colombo called Cargo Overseas Lanka (Pvt) Ltd.

The UK company is the first UK freight forwarder to invest directly in Sri Lanka. In conjunction with its long established local partner, Gamini Gunaratna, the compani expects the Sri Lankan market to provide vast potential for expansion following the end of the unrest in the country.

The new firm will commence operations in early August.

E-mail

views[1]

	Other Financial Times Articles
>	CIC looks for new name
>	PBJ not fit to hold public office-respondent says
>	Lankan firm produces top rubber glove
>	Hayleys to shed Lighthouse?
>	IMF loan: CB to prevent sharp rupee gains
>	IRD to recover Rs 12 bln tax dues in two years
>	Small miracle or small mistake
>	COMMENT - Exposing corruption in Sri Lanka
>	Attempt to block streams of justice
>	Call to eliminate permanent tax exemptions
>	Finlays Tea Estates annual awards ceremony
>	HSBC top-rated by prestigious magazine for its Internet banking
>	Forex fraud at Ceylinco Shriram Ltd revealed
>	UK freight forwarder invests in Sri Lanka
>	SIA opens new service centre at Ion Orchard
>	BOI receives ISO 9001:2000 accreditation
>	Kanchana Ratwatte gets new post
>	Lankan firms should look to invest in India
>	SCB CEO aggressively pushed for hedging deals-former employee
>	CSE to set up in Jaffna
>	Prolink Atom Netbook introduced
>	One computer for every 100 children today
>	Seminar on directors’ responsibilities during a financial crisis
>	Fitch confirms HNB National Rating
>	Office bearers of the Sunday Times Business Club
>	Mobile phones for inward remittances, awaiting guidelines
>	JKH profits down, but optimistic about the future
>	Seylan Bank shows Rs 188 mln profit in 6-mth period
>	Sri Lankan elected President of CNA World in Italy
>	29 GK-affiliated companies to be listed in the CSE
>	Airtel to go to East by year-end
>	CBL to launch medicinal garlic in pure bees honey
>	Ogilvy Action marks 10 years
>	Competition from India to increase with peace
>	Book Review
>	IMF: Government committed to implementing programme
>	IMF facility is good for the country- readers say
>	Fund to monitor foreign commercial borrowings and re-payments
>	Sri Lanka targets Northeast for tourism expansion
>	Recovering EPF contributions
>	ICASL seminar on Companies Act
>	Hameedia launches in the Maldives
>	Golden Key depositor commits suicide

Reproduction of articles permitted when used without any alterations to contents and a link to the source page.