A Memorandum of Corporation (MoC) was signed between Sri Lanka, India, and Japan for the development of the East Container Terminal (ECT) at the Colombo South Port yesterday (May 28).
India has been involved in about 70 percent of the Colombo Port's trans-shipment business while Japan has assisted the development of the Jaya Container Terminal since the 1980's.
At present, the Sri Lanka Port Authority (SLPA) hold 100 percent ownership of the ECT, the Ports and Shipping Ministry said.
However, the operations of the ECT is shared between Sri Lanka and the joint venture partners which holds a 51 percent and 49 percent stake respectively.
The Committee on High Posts has approved the nomination of Former Air Force Commander Air Chief Marshal (Retd.)
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
A Sri Lankan man was apprehended at Suvarnabhumi airport for attempting to smuggle wildlife out of the country after three ball pythons were found hidden in his underwear, the Bangkok post reported.
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