Sri Lanka Air Force Mi-17 helicopter crashes, no casualties

May 29, 2017 (LBO) – Police said an Air Force Mi-17 transport helicopter crashed Monday when descending to distribute goods to a flooded village in Baddegama. The Air force said the helicopter had crashed onto a house with no casualties and all crew members on board the helicopter were also safe. The government information said […]

New entrants to apartment development industry will face difficulties: Developer

May 29, 2017 (LBO) – Sri Lanka’s newer entrants into the apartment development industry will find it difficult to compete with established players as a result of revisions to Government policy over the past year, including the removal of tax concessions for real-estate development, a South Asian property developer said. Iconic Developments (Pvt.) Ltd, stated […]

United Nations support Flood Relief efforts

(PRESS RELEASE) – A formal request for support by the Government of Sri Lanka was received by the UN Resident Coordinator’s Office on 26 May 2017 following the onset of the monsoon and its impact in the Southern and Western regions of the country. An estimated 230,000 people in Sri Lanka are currently affected by […]

Sri Lanka flood rescue efforts continue, further rain expected

May 29, 2017 (LBO) – Sri Lanka’s rescue efforts continued Monday after floods and mudslides affected more than 471,000 people, with further rain forecast for the western slopes of the central hills. The death toll rose to 164 people, with a 104 persons reported missing, and 88 people reported injured, the Disaster Management Centre said. […]

Indian ships arrive in Sri Lanka with flood relief, China pledges USD2.2Mn

May 29, 2017 (LBO) – Sri Lanka’s monsoon death toll rose to 164 with another 88 listed as missing as Indian ships arrived with relief supplies and China pledged US 2.2 million dollars in disaster aid. The Indian navy ships INS Kirsh and INS Shardul have already reached the Colombo port over the week-end with […]

SriLankan Airlines adds Melbourne to network from October

May 29, 2017 (LBO) – SriLankan Airlines will be establishing its presence in Australia with daily non-stop services to Melbourne commencing October 29th this year, the airline said. The non-stop services will also facilitate passengers from the Middle East and South Asia seeking onward connectivity via Colombo to/from Australia, a statement said. “This also means […]

Sri Lanka flood and landslide death toll rises to 25

May 26, 2017 (LBO) – The death toll from torrential rain across Sri Lanka has risen to 25 persons with more than 42 people reported missing, the island’s Disaster Management Centre said Friday. The Disaster Management Centre said that over 7,800 people belonging to 2,811 families were affected in seven districts. Sabaragamuwa Province is worst […]

Lankem Ceylon acquires injection moulding firm for Rs150mn

May 26, 2017 (LBO) – JF Packaging Private Limited, a fully owned subsidiary of Lankem Ceylon, has acquired a firm engaged in the business of injection moulding. Lankem Ceylon said in a stock exchange filing that the acquisition of 100 percent stake in Alliance Five Private Limited took place Wednesday for 150 million rupees. Earlier […]

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