Author: Jayantha Kovilagodage
‘s Altair residential tower to be built by Shapoorji Pallonji
Feb 11, 2014 (LBO) – A 68-storey lakefront apartment tower tipped to be tallest residential tower in South Asia when completed in 2017 will be built by Shapoorji Pollonji International, a Dubai based construction firm, its promoters said. The ‘Altair’ luxury condominium project by the Beira lake in Sri Lanka’s capital Colombo will be 240 […]
Lubricant Liberties
Nov 26, 2013 (LBO) – Sri Lanka will shortly license more players to sell lubricants in in the island officials said, expanding the freedoms of citizens.At the moment Chevron, Lanka OIC and state-run Ceylon Petroleum Corporation are among the front runners. Those will blending facilities also have an advantage over imported final product sellers. Though […]
”s Edge seeking investor for hotel
Oct 29, 2013 (LBO) – Water’s Edge, a hospitality facility coming under Sri Lanka’s Urban Development Authority is seeking investors to build a 200 room hotel, an official said.He said there was already interest from several investors and one will be chosen to build the hotel. Water’s Edge, which was built as a golf club […]
Sri Lanka Mattala airport duty free to open shortly
Oct 17, 2013 (LBO) – Duty free shopping facilities at Sri Lanka’s Mattala airport may open within two weeks, a top official said.Dufry said in August that it signed a master concessionaire agreement to run all airside duty free space in Mattala.It expected to have 1,000 square feet of space divided between arrival and departure […]
Online Reports
Oct 11, 2013 (LBO) – Sri Lanka’s credit information office will give online access for individuals to check their own status and get reports, an official said.The Bureau has credit information about 600,000 credit records relating to 400,000 customers. Sri Lanka’s Credit Information Bureau (CRIB) collects information from customers of 95 institutions. The information is […]
Sri Lanka Crown project to be built on same place: minister
Aug 08, 2013 (LBO) – A large casino resort by Australia’s Crown group will be built on the original location and they have only been informed to design two towers to maintain a view of a nearby lake, a minister said.Investment promotion minister Lakshman Yapa Abeywardene said the project, which borders Colombo’s Beira Lake should […]
Sri Lanka imposes 10 percent tax on gold imports
June 21, 2013 (LBO) – Sri Lanka slapped a 10 percent tax on gold, a senior government official deputy Treasury Secretary S R Attygalle said, as world gold prices fell to levels seen in 2010.India had imposed an 8.0 percent tax earlier. Sri Lanka’s gold import surged to 100 million US dollars in the first […]
Sri Lanka fishermen will be safer with vessel monitoring system: minister
June 14, 2014 (LBO) – Sri Lanka is expecting to have a vessel monitoring system operating within five months which will provide up to date weather information to fishermen and reduce loss of life, fisheries minister Rajitha Senaratne said.But warnings will be disseminated through the ‘Sayura’ a fishermen’s radio channel and other media, Senaratne said. […]
‘s Sri Lanka unit to target China and India: JV partner
June 5, 2013 (LBO) – A luxury hotel with Australian casino magnate James Packer’s Crown group targeting Indian and Chinese high rollers may need an investment of up to 400 million US dollars, its Sri Lanka partner said. He said the hotel will have a shopping mall and restaurants with specialist chefs. Wijeratne’s Rank Entertainment […]
Sri Lanka to call tenders for duty free emporium in Mattala: minister
May 10, 2013 (LBO) – Sri Lanka will tender a concession to operate a duty free shopping complex in the newly opened Mattala airport, aviation minister Priyankara Jayaratne said, in a move that could draw more passengers to the destination. “I have instructed officials to call for tenders to set up the duty free shops […]
Knowledge Cluster
Mar 21, 2013 (LBO) – Sri Lanka Urban Development Authority and the military is building a ‘knowledge park’ in the capital Colombo at the cost of about seven million US dollars which will be ready by the year-end, officials said.Defence secretary Gotabaya Rajapaksa told business forum of Sri Lanka’s software and business process outsourcing chamber […]
Sri Lanka start-up in medical tourism bid with Durdans
Jan 11, 2013 (LBO) – Healing Journey, a leisure sector start-up is offering medical tourism services as Sri Lanka attracts more foreign visitors after the end of a 30-year civil war, officials said.Ceylon Tours managing director Suren Ediriweera says competition from India is high but medical tourists going to India can usually only visit one […]