Merger of North and East will not take place

On the proposed donor conference for the North and the East, the Minister said Japanese had come forward to take part in the event, which, he said, could take place by June or July next year. (Colombo Gazette) Finance Minister Ravi Karunanayake has rejected the idea of merger of the Northern and Eastern Provinces for economic reasons.To a question why the merger should not be allowed to achieve cost reduction — considering the fact that the Northern Province accounted for four per cent of the Sri Lanka’s gross domestic product (GDP) and the East — six per cent, Karunanayake told The Hindu that “at this moment, we are trying to embrace all races, all religions together. I do not think we should segregate it geographically.” read more

Caterpillar Inc announces corporate headquarters will remain in Peoria after 2year study

Caterpillar Inc. announces corporate headquarters will remain in Peoria after 2-year study AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email PEORIA, Ill. – Caterpillar Inc. has announced it’s keeping its headquarters in downtown Peoria and expanding its corporate campus in what it calls a re-commitment to the central Illinois city.Chief Executive Doug Oberhelman told a crowd of about 200 people Friday that after two years of study, the $55 billion global construction equipment maker will modernize its riverfront complex to include a three-tower building.The company said it will expand the site to 31 acres and add amenities and innovative workspaces to “retain and attract the finest talent.”Oberhelman reassured the crowd that “Caterpillar will stay in Peoria.”Republican Gov. Bruce Rauner was among those in attendance. Oberhelman had complained about the state’s business climate under Illinois’ previous governor, Democrat Pat Quinn. by The Associated Press Posted Feb 20, 2015 11:25 am MDT read more