Mangala to visit Washington next week for talks with IMF

The IMF had in November decided to suspend funding for Sri Lanka as a result of the political crisis. Sri Lanka’s three-year extended arrangement was approved on June 3, 2016, to the amount of about US$1.5 billion, or 185 percent of quota in the IMF at that time of approval of the arrangement. Minister of Finance and Mass Media Mangala Samaraweera will visit Washington next week for talks with the International Monetary Fund (IMF).He will be in Washington from 14 – 16 January 2019 to resume negotiations with the IMF on the Extended Fund Facility, the Central Bank said today. The IMF program for Sri Lanka is on the condition that Sri Lanka implements key economic reforms proposals of the IMF. (Colombo Gazette) read more

ZYFRAs VIST Group moves onto automating Kamaz tow truck

first_imgZYFRA Group VIST Group has launched a robotised towing truck project in tandem with Nazarbayev University and Russia-based truck and engine manufacturer KAMAZ.As part of the project, a five-wheel tow truck, a KAMAZ 5490 Neo, will be equipped with computer vision systems to allow it to detect and autonomously manoeuvre around obstacles such as people, animals, traffic barriers and cones.The development comes shortly after VIST automated a BELAZ 7513R truck and BELAZ 78250 wheel loader for open-pit mining.Comparing the two autonomous applications, VIST said: “The implementation of the Kamaz autonomous truck is planned to take place on two fronts: one, the robot KAMAZ, due to its smaller (compared to BELAZ) external dimension, is more manoeuvrable and can facilitate the logistics of closed industrial zones at manufactures of various types, two, in the long run, a train of KAMAZ robot towing trucks could serve for long-distance transportation, probably on a separate lane.”The team is planning to finalise the project by September, it said.VIST is also working on completing  its Intelligent Mine project – a complex solution for unmanned surface mining with application of self-driving vehicles. The company is planning to spend a material share of investment provided by ZYFRA to accelerate its R&D projects including self-driving vehicles, autonomous surface mining machines and appliances, broader IoT- and AI-based solutions application as well as predictive analytics, it said.last_img read more