Category: Industry
Sri Lanka to expedite grid connections for roof top solar: PUCSL
Jan 25, 2017 (LBO) – Sri Lanka’s power regulator has directed the Ceylon Electricity Board (CEB) and Lanka Electricity Company Private Limited (LECO) to connect domestic rooftop solar plants to the national grid within two weeks from the date of application. “The direction to provide the connection for rooftop solar plants to the national grid […]
Aitken Spence Hotels Turyaa Chennai amongst Top Five-Star Hotels in the City
(PRESS RELEASE) – Turyaa Chennai, owned and operated by Aitken Spence Hotels has successfully met criteria for obtaining “5-Star Deluxe” classification, ranking it as one of five hotels in Chennai to have obtained this highly sought after accreditation. Turyaa Chennai now joins Hilton Chennai, Hyatt Regency Chennai, ITC Grand Chola Chennai and Park Hyatt Chennai […]
Former Governor Mahendran “NOT” working at Ministry: Ravi
Jan 24, 2017 (LBO) – Sri Lanka’s Finance Minister has denied reports that former Governor of the Central Bank, Arjun Mahendran is attached to his ministry or the Central Bank, a statement said. “The Ministry of Finance wishes to inform that Arjun Mahendran, the former Governor of the Central Bank of Sri Lanka, is not working in […]
Sri Lanka adds more investigation officers for price controls
Jan 23, 2017 (LBO) – Sri Lanka is enforcing new protection measures from 21st January to safeguard consumers from errant traders who violate price controls in the domestic market. Industry and Commerce Ministry said 62 new investigation officers were appointed bringing the total force to 250, island-wide, to safeguard 21 million consumers. Speaking at an […]
Bank of Ceylon becomes first bank in Sri Lanka to surpass Rs1 trillion advances
The Bank of Ceylon scored its third “Trillion” at the end of the year 2016. That is surpassing the Rs. One trillion mark in advances- another unique milestone in its 77-yearjourney as “the Bankers to the Nation” and becoming the first ,and up to now the only bank to pass this milestone in Sri Lanka. […]
New 10MW solar power plant construction to kick-off tomorrow
The foundation stone laying ceremony of a new 10MW solar power plant in Raṇamayurapura, Hambantota will be held tomorrow with the participation of Power Minister and offcials. New plant will be built under the Soorya Bala Sangramaya (Battle for Solar Energy) project of Sri Lanka Sustainable Energy Authority with the private sector investment. Power Ministry […]
New leasing scheme for vehicles comes into effect
Jan 18, 2017 (LBO) – Central Bank of Sri Lanka has advised commercial banks and leasing companies to follow new regulations in granting loans for vehicle leasing including three wheelers. “The new circular has slapped additional controls over credit facilities afforded to three wheelers. Under the new leasing regulations the leasing facility offered will be 25 […]
Sri Lanka to regularize small commercial vessels
Jan 18, 2017 (LBO) – Sri Lanka’s cabinet has decided to regularize small commercial vessels that have been in service as well as new vessels including pleasure vessels used for profit or reward. Accordingly, commercial vessels, which are cargo and passenger vessels of less than 24 meters, but five meters or more in length, which […]
Iconic Galaxy breaks ground, ready for occupation by end 2020
(PRESS RELEASE) – Colombo: January 18 2017: Leading infrastructure and property developer, Iconic Developments Ltd, the developer of Iconic 110 Parliament Road, celebrated the beginning of construction of their latest housing property project, Iconic Galaxy. A ground-breaking ceremony at the site was officiated by the Chief Guest, Minister of Megapolis and Western Development, Hon Patali […]
‘t pay for new electricity connection
Jan 18, 2017 (LBO) – Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, has introduced guidelines for those who are not able to pay the connection charge for a new electricity connection. “Sri Lanka has named year 2017 as the year for eradicating poverty in the country. These guidelines will ensure that […]
Standard Chartered’s “Welcome to the jungle” Global Research Briefing 2017
(PRESS RELEASE) – 18 January 2017, Colombo, Sri Lanka – Standard Chartered’s Global Research Team has included Sri Lanka as part of its Global Research Briefing circuit, and will conduct a closed-door exclusive session entitled “Welcome to the Jungle” for the bank’s clients on Tuesday 24 January 2017. Standard Chartered’s key economic researchers Dave Murray […]
‘ SmartHome system wins Eco-Innovation Award 2016
(PRESS RELEASE) – Innovative Smart Solution’s (iS2), Ape’ SmartHome system creator W.M. Jeremy Fernando was ajudged the winner of the Merrill J. Fernando Eco-Innovation Award 2016 in the Energy Prototype sector at a recently held ceremony. The award was in recognition of outstanding achievement in eco innovation and commitment to the sustainable development and growth […]