 |
*
Sri Lanka identifies project proposals for Commonwealth Business Forum
May 23 (CP) Colombo- Sri Lanka is making arrangements for the largest business event ever held in the country when it holds the Commonwealth Business Forum (CBF) on the sidelines of the Commonwealth Heads of Government Meeting (CHOGM) in Colombo this November.
Minister of External Affairs Professor G.L. Peiris met with the Director General of the Commonwealth Business Council, Peter Callaghan today at the Ministry to discuss the arrangements for the Business Forum.
According to the Ministry, the Commonwealth Business Council in London is collaborating actively with the Ministry to enhance the inflow of investment into Sri Lanka resulting from the Business Forum. (Ministry Photo)
[Full Story]
*
Emirates to add more flights to Sri Lanka's Colombo airport from next month
May 23 (CP) Colombo- Dubai's international carrier Emirates Airlines Wednesday announced plans to increase capacity on its services to Sri Lanka's Colombo International Airport from 30th June 2013.
The airline will add three more flights per week between Dubai and Colombo on Mondays, Thursdays and Sundays.
[Full Story]
*
Sri Lankan shares hit 19-month high, lifted by large caps
May 23 (Reuters) COLOMBO- Sri Lankan shares climbed to a
19-month high on Thursday, bucking the regional trend, as
investors encouraged by an interest rate cut this month piled
into large caps.
[Full Story]
*
SLT’s superfast Internet goes live
May 23 (DM) Celebrating the ‘World Telecommunication and Information Society Day (WTISD) last week, the national telecommunication service provider – Sri Lanka Telecom (SLT) announced the soft launch of its Very-High-Bit-Rate Digital Subscriber Line 2 (VDSL2) advanced fixed broadband technology.
[Full Story]
*
Sri Lanka' Watawala Plantations in profits with palm oil
May 23 (LBO) Sri Lanka's Watawala Plantations Plc reported profits of 124 million rupees in the March 2013 quarter down 54 percent from a year earlier, as commodity prices eased, with palm oil continuing to perform well. The firm reported earnings of 53 cents per share for the quarter, in accounts filed with the Colombo Stock Exchange.
[Full Story]
*
Sri Lanka imports one million barrels of crude, refinery to restart on May 24th
May 22 (CP) Colombo- Sri Lanka's Minister for Petroleum Industries Anura Priyadarshana Yapa said one million barrels of crude oil had been imported to restart the operations at the country's only refinery on the 24th of this month and no purchases of crude had been from Iran.
[Full Story]
*
NDB Capital Holdings profits up 572%
May 22 (Island) The first quarter of 2013 was a highly successful period for NDB Capital Holdings PLC (NCAP) with the company recording Rs. 320 million in revenue compared to Rs. 64 million during the first quarter of 2012, a 5 fold growth.
[Full Story]
*
Unit Trust industry a priority project - SEC
May 22 (DN) The Unit Trust provides a vehicle for unsophisticated investors to access the capital market. Hence, developing the Unit Trust industry and creating awareness of its benefits, is of paramount importance to ensure a wider segment of society that could reap the benefits and rewards.
[Full Story]
| |
*
Sri Lanka to get US$ 580 million loan from China for development projects
May 23 (CP) Colombo- The Sri Lankan government will obtain a US$ 580 million loan from China this year for the development projects in the country.
The government has received the cabinet approval to sign a Memorandum of Understanding between Sri Lanka's Ministry of Finance and Planning and the China Development Bank Corporation for the loan.
[Full Story]
*
SriLankan Airlines launches 'Upgr a'd' e-auction for Business Class upgrades
May 23 (CP) Colombo- SriLankan Airlines, the national carrier of Sri Lanka, has introduced Upgra'd e-auction, which gives passengers the opportunity to bid for Business Class upgrades, online.
Upgra'd is an extremely user-friendly online procedure, where an Economy Class ticket holder booked on a SriLankan flight operating to any SriLankan online destination can place a bid for an upgrade by filling in and submitting an e-form available in the website.
[Full Story]
*
Smallholders abandon tea for cinnamon
May 23 (Island) Tea smallholders, who account for nearly 70 percent of Sri Lanka’s tea production, said they wanted to shift to planting cinnamon as they were incurring huge losses due to the non-availability of fertilizer and the recent wage hike.
[Full Story]
*
hen Hua 25 arrives at Colombo International Container terminal
May 23 (DN) Zhen Hua 25 from Shanghai, China, arrived at the Colombo International Container Terminal (CICT), on May 20, carrying on board three gantry cranes and ten rubber tyre gantry cranes (RTG), to be installed at the CICT.
[Full Story]
*
China to lend US$580m for Sri Lanka development projects
May 23 (Business Times) China Development Bank Corporation will lend US$580 million to Sri Lanka to help implement key infrastructure projects, a government document released on Wednesday showed.
[Full Story]
*
Sri Lanka Army opens seafood restaurant in highway service plaza
May 22 (CP) Colombo- Sri Lanka's peace time Army assisting the government's tourism promotion drive has opened a seafood restaurant in the service plaza on the Southern Expressway.
Army Commander Lieutenant General Jagath Jayasuriya Tuesday opened Lāya Seafood Restaurant, an outlet of Army-managed Lāya Leisure Hotel at Kukuleganga in the new state-of-the-art Welipenna Service Plaza on the E-1 Colombo-Galle Expressway.
[Full Story]
*
Electricity protests: Losing trust and unplugging the refrigerator
May 22 (DM) The increase in electricity tariffs has united a wide array of trade unions, civil society and political parties in a protest that manifested on the streets yesterday. There have been so many sudden changes announced to the electricity tariffs
[Full Story]
*
Bora Bora Resources increases Sri Lankan graphite footprint
May 22 (Proactive Investors) Bora Bora Resources has strengthened its graphite portfolio in Sri Lanka adding two exploration licences granted covering 11 square kilometres in Sri Lanka.
[Full Story]
| |
