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Gov't devises 2.1 tln-won support package for petrochemical restructuring

SEOUL, Feb. 25 (Yonhap) -- The government announced Wednesday a 2.1 trillion-won (US$1.45 billion) financial package to support the restructuring project of Lotte Chemical Corp. and HD Hyundai Chemical at the Daesan industrial complex, the first authorized project of a broader self-rescue plan of the ailing petroche…

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Australia news live: bomb threat at PM’s residence ‘very troubling’, Gallagher says; tennis boss Craig Tiley leaving for US

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Joblessness looms large, is SL prepared to address it? - DailyNews

There is public concern now regarding the move by a powerful garments manufacturing company to close down one of its factories in Thulhiriya. The company appears to have considered the relocation of the factory to India considering market gains. Still, it has threatened the employment opportunities for 1400 people l…

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TWC Capital advises CBL Group on USD 25 Mn Indonesian acquisition - DailyNews

TWC Capital (PVT) LTD, the corporate financial advisory arm of TWC Holdings, acted as the exclusive buy-side financial adviser to CBL Group on its acquisition of PT Tri Jaya Tangguh Indonesia (TJT), a large-scale coconut processing facility in Indonesia, with an investment exceeding USD 25 million.

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MAS Thulhiriya facility shut for long-term operational resilience - DailyNews

MAS Holdings announced that the company’s strategic decision to cease garment manufacturing operations at its Methliya facility in Thulhiriya is part of a broader effort to re-position the business in response to the prolonged contraction in global apparel demand and evolving market conditions. The company said that…

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ComBank partners David Pieris Automobiles to offer leasing packages for GWM and BAIC vehicles - DailyNews

Driven by a commitment to elevate customer lifestyles while making the best in mobility accessible to all, the Commercial Bank of Ceylon has entered into a strategic partnership with David Pieris Automobiles (Pvt) Ltd., to promote the GWM and BAIC range of vehicles marketed by the latter, via a specially structured …

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RDB Bank appoints Asoka Bandara, Wasanthe Nandasiri as Board Directors - DailyNews

RDB Bank, a government owned premier development bank has announced the appointment of its new Directors. The newly appointed Board brings together a team of experienced professionals with diverse expertise in finance, development, governance, and management to guide the Bank towards achieving its strategic vision o…

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David Pieris Solar partners HNB to promote renewable energy solutions - DailyNews

David Pieris Renewable Energy (Private) Limited (DPRE), marketer of David Pieris Solar and the renewable energy arm of the David Pieris Group, has entered into a Memorandum of Understanding (MoU) with Hatton National Bank PLC (HNB) to promote the adoption of solar energy solutions among customers in both the domesti…

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As Epstein Brokered Rothschild Bank Deals, DEA Ran Secret Probe Into $50M Laundering Scheme

A newly uncovered DEA document from the DOJ's Jeffrey Epstein files release reveals that Epstein was the subject of a secret, 5-year investigation by the Drug Enforcement Agency (DEA) on suspicions of laundering approximately $50 million through a web of illicit drug and prostitution networks - yet federal prosecuto…

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Zelensky and EU leaders honour war dead as Ukraine marks four years

Ukraine marked four years since Russia’s invasion with a church service in Kyiv. President Volodymyr Zelensky stood beside European leaders and ministers to honour those killed. Candles were lit as prayers were read for soldiers and civilians lost since February 2022. Zelensky said Vladimir Putin had not broken Ukra…

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IFRS and the boardroom

IN many boardrooms, financial statements are treated like a sealed envelope. They are opened briefly, reviewed for key figures, then quietly set aside once the auditors have signed. The assumption is simple: accountants prepared the numbers and auditors checked them, so everything must be fine.

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AI, robotics fuel new year spending surge

CHINA’S consumer market has kicked off the year with a surge in demand for high-tech products, as strong sales of drones and artificial intelligence (AI) glasses, combined with heightened interest in robots following their appearance at the Spring Festival Gala, fuel a broader wave of technology-driven spending.

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Takeaways from Trump's address: Sales mode on economy, heavy on patriotism, dark turn on Democrats

In a marathon State of the Union address, President Donald Trump ticked through claimed victories, insisting the U.S. is “winning so much” even as his approval slips, and blasting Democrats as “crazy” for remaining seated rather than standing to applaud.

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