CSE's dismal run persists
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The United States has agreed to lend US$553 million to build a new container terminal in the Sri Lankan capital Colombo’s port – a deal that that will see Washington work with India on the island as it grows ties across Asia.
Latest news, analysis and opinions from the Daily FT, Sri Lanka's only national business newspaper. ..
“At the end of five years we want our ROCE to be in the range of 19 to 22% and we are at 12% right now. The reason why we have given that is because we have used the last 10 years to develop and create infrastructure. We believe that now is the time to optimize, to sweat the assets and to squeeze and to get more efficiency and more and more operations out of it.”
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