FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post

Poll

Can there be another Covid-19 wave in Sri Lanka?

 
 
 

View results

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» Shares to Buy
by Bakkabwoi Yesterday at 11:12 pm

» EXPOLANKA HOLDINGS PLC Interim Financial Statements quarter ended 30th June 2021
by Accountant Yesterday at 10:09 pm

» Successful investment strategies require an understanding of the forces of stock market nature, and disciplined rules of portfolio management.
by Asoka Samarakone Yesterday at 9:12 pm

» LANKA ALUMINIUM INDUSTRIES PLC (LALU.N0000)
by Niwa Yesterday at 8:53 pm

» Directors' Dealings today
by SAGA Yesterday at 6:02 pm

» Top Foreign Trading today
by SAGA Yesterday at 5:59 pm

» CHEVRON LUBRICANTS LANKA PLC (LLUB.N0000)
by Antonym Yesterday at 5:37 pm

» Boga unusual Collection....
by Wickyz Fri Jul 30, 2021 1:14 pm

» MILLENNIUM HOUSING DEVELOPERS PLC (MHDL.N0000)
by jehan008 Fri Jul 30, 2021 1:11 pm

» Sri Lanka FOB prices for black tea highest in the world
by samaritan Fri Jul 30, 2021 12:18 pm

» DPL Take over
by Vishwanarth Fri Jul 30, 2021 12:12 pm

» HVA FOODS PLC (HVA.N0000)
by samaritan Fri Jul 30, 2021 11:02 am

» INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)
by dayandacool Fri Jul 30, 2021 10:09 am

» CITIZENS DEVELOPMENT BUSINESS FINANCE PLC(CDB.N0000)
by engineer Fri Jul 30, 2021 7:06 am

» RENUKA CAPITAL PLC . KZOO.N
by Pbv Fri Jul 30, 2021 12:22 am

» What will happen to AMF¿??????
by Tissa Thu Jul 29, 2021 11:46 pm

» Expert view on AMF??
by Tissa Thu Jul 29, 2021 10:12 pm

» Sell EXPO Buy EDEN sentiment changed to Exit EXPO Enter EDEN
by Bakkabwoi Thu Jul 29, 2021 8:57 pm

» What are the short term profit stocks you are planning to buy on this Monday? (Only honest ppl please)
by Hope123 Thu Jul 29, 2021 7:04 pm

» Discussion on mechanism to aid investors, Conducted BY Hon Finance Minister
by D.G.Dayaratne Thu Jul 29, 2021 6:57 pm

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Aitken Spence PLC takes over the management of two major ports in Fiji

Aitken Spence PLC takes over the management of two major ports in Fiji

2 posters

Go down  Message [Page 1 of 1]

K.Haputantri

K.Haputantri
Co-Admin
The Sundaytimes Sri Lanka

Aitken Spence PLC takes over the management of two major ports in Fiji

Sri Lankan blue-chip conglomerate, Aitken Spence PLC has taken over the management of two major ports in Fiji, a media release issued by the Fiji government revealed.

The move is aimed at bringing about efficiency and productivity in both the Suva and Lautoka ports in Fiji.

A Private Public Partnership agreement signed on Tuesday allows Aitken Spence to purchase 51 per cent shares, worth US $10.53 million of Ports Terminal Limited, a 100 per cent owned subsidiary of Fiji Ports Corporation Ltd.

Seen here Mr. Parakrama Dissanayake (right) signing the agreement.

The removal of special levies charged by international shipping firms on voyages to Fiji is an immediate challenge Aitken Spence will be taking on.

The levies were imposed because of constant port delays, the media release said.

It quoted Aitken Spence PLC Director, Parakrama Dissanayake as saying that the company will be bringing world class global best practices into the ports sector of Fiji which will increase the efficiency and the productivity of the ports.

“By doing that we can boost traffic and we hope that the surcharge that’s been applied on exports and imports will gradually move away. This will boost economic activity in Fiji as well,” he said.

“We will also be helping the government in establishing Fiji as the maritime hub of the South Pacific,” he added.

According to Mr Dissanayake only three to four people with port management skills will be brought to Fiji from Sri Lanka. Others will come in as trainers.

“So that’s the focus, training, development and creation of employment in the ports sector for the Fijians. Training is a very critical element, in fact Aitken Spence has the largest maritime campus in South Asia,” he revealed.

Fiji Ports Corporation Limited Chief Executive Officer Vajira Piyasena said the new partnership will allow FPCL to concentrate on other infrastructure development.Speaking at the signing, Prime Minister Voreqe Bainimarama said “In the modern global economy, staying competitive is essential and especially for smaller economies like Fiji.”For Aitken Spence, the partnership is just the beginning and they are already looking at investment opportunities in Fiji’s tourism sector. This is an area the company has extensive interests in Sri Lanka and the Maldives, the company said.

The company has been involved in handling cargo and other maritime services for more than hundred years.

cseguide

cseguide
Vice President - Equity Analytics
Vice President - Equity Analytics
Surprised will this help to rise revenue of spen?

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum