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Sri Lanka’s energy minister says no new coal power plants in the future
Apr 06, 2015 (LBO) – Sri Lanka’s power and energy minister says the country expects to run its power plants using gas and does not expect to make any new investments into coal power generating plants.“We will run our power stations that is Kerawalapitiya and also Kelanitissa using gas and we will not install any […]
Sri Lanka’s tourist arrivals up 18-pct in March 2015, 1st quarter up 13.6-pct
Apr 06,2015 (LBO) – Sri Lanka’s tourist arrivals rose 18 per cent to 157,051 in March 2015 from a year earlier with a surge in tourist arrivals from China and cumulative as at end 1st quarter to 478,838 with a growth of 13.6 per cent, data from the state tourism promotion office showed. Sri Lanka […]
‘s exports to Pakistan can be more diversified: Business potential seen in power generation: Official
Apr 06, 2015 (LBO) – Sri Lanka can increase its exports to Pakistan through diversification and investment in power generation will be one such area to explore, a Pakistani official said.“There is very little diversification in the products that Sri Lanka is exporting to Pakistan,” Hazan Ali Zaigam, First Secretary, High Commission of Pakistan in […]
Sri Lanka says “NO” to unsolicited proposals
Apr 06, 2015 (LBO) – Sri Lanka decided not to accept unsolicited proposals as a matter of policy, and plans to act according to the government tender procedure regarding all such proposals in the future, cabinet spokesman, Rajitha Senaratne said last week.The cabinet of ministers has already approved this proposals made by Prime Minister Ranil […]
Sri Lanka’s Coffee Bean and Tea Leaf opens Rs 50mn store in Colombo
Apr 05, 2015 (LBO) –Sri Lanka’s Coffee Bean and Tea Leaf, Californian coffee brand founded in 1963 in Los Angeles, has opened a new coffee store with an investment about 50 million rupees to cater to the trending coffee demand, an official said. “Other fast developing countries have shown the same pattern that Sri Lanka […]
Sri Lankan Airlines former chairman should be prosecuted; $2.3bn airbus deal to be probed
Apr 04, 2015 (LBO) – The board appointed to inquire Sri Lankan Airlines has recommended a criminal investigation into the entire re-fleeting process, a statement issued by the Prime Minister’s office said.“The former government of President Mahinda Rajapakse made management changes to carry out a re-fleeting of the airline with brand-new aircraft costing $2.3 billion […]
Apple releases demo videos to introduce ‘Apple Watch’
Apr 04, 2015 (LBO) – American multinational corporation, Apple recently released a series of videos demonstrating their first ever smartwatch that enters the wearables market this month. This anticipated watch which will bring an entirely new way to receive information at a glance; begins accepting preorders on 10 April 2015 and will be available in […]
Sri Lanka get ¥ 550mn Japanese grant to develop rail network and agricultural facilities
Apr 03,2015 (LBO) – Sri Lanka’s Cabinet spokesmen Rajitha Senaratne said, the government of Japan has agreed to provide grant assistance under non- project grant aid amounting to Japanese Yen 500 million or 550 million rupees for Japanese equipment to develop the islands railway network and agricultural facilities. The equipment to be obtained under this […]