Sri Lanka’s LTL Holdings is on aggressive expansion and diversification plans in Bangladesh, where it has the largest investment outside Sri Lanka through its branch, Lakdhanavi in Dhaka. Amongst these plans going public with one of the subsidiaries, and diversifying into agriculture, leisure, animal feed production, fishing, and poultry are on the cards. “Bangladesh has provided us with many investment opportunities after the decade we have been in the country,” U Gamini Sarath, Country Director Lakdhanavi Ltd. Bangladesh told the Business Times at the company’s head office in Dhaka recently.
The United States has told Sri Lanka that the disposition of the Iranian naval vessel IRIS Bushehr and its crew is a matter for Colombo to resolve under its own laws and international obligations, while signalling it is in active talks with Sri Lanka to contain Iran’s threat to US interests.
The government today granted permission for an Iranian warship with 208 on board to enter the country.
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