Category: Industry
Sri Lanka’s Mattala International Airport feasibility cost just Rs1mn: Harsha
Sept 23, 2016 (LBO) – Sri Lanka’s previous administration has spent only one million rupees for the feasibility study of the Mattala International Airport, a Minister revealed. Deputy Foreign Minister Harsha de Silva pointed out that the then government has spent just one million rupees before wasting 350 million US dollars for setting up the […]
Infrastructure: Sri Lanka should rethink housing for urbanizing population
Sep 23, 2016 (LBO) – Sustainable city development will need to entail alternative housing for urban poor as they are service providers for city dwellers, industrial hub and the ports while also looking at affordability for the middle income earner, a senior official said. “A paradigm shift is required. We need to rethink key areas […]
Sri Lanka’s CIFL awaits response from German investor for bailout
Sept 23, 2016 (LBO) – Sri Lanka’s troubled Central Investment and Finance Company says they are awaiting a response from a prospective German investor indicating their future plan of action to revive CIFL. In a stock exchange filing, the company said they submitted all clarifications to the investor delegation who visited the island recently. A […]
‘s solar energy drive
COLOMBO (Thomson Reuters Foundation) – An ambitious plan by the Sri Lankan government to outfit 100,000 homes with solar panels, to turn them into power producers for the national grid, may be too expensive for many families to afford, experts warn. Sri Lanka’s government this month launched a “battle for solar energy” that aims to […]
Germany to get first zero-emission hydrogen-powered train
Sept 22, 2016 (LBO) – The world’s first CO2-emission-free train powered by hydrogen has been unveiled at the Berlin InnoTrans trade show and is due to start operations late next year. Dubbed hydrail, the train developed by French company Alstom was presented to the public on Tuesday. “Coradia iLint is a new CO2-emission-free regional train […]
Infrastructure: Port city to transform Colombo, boost facilities
Sep 22, 2016 (LBO) – Sri Lanka’s planned Port City project says its vision is to offer a modern and sustainable lifestyle without comprising services delivered to attract high net-worth individuals in the region. Several hectares of public parks will increase facilities available to the public and the amount of commercial office space in Colombo […]
Yacht operator says Merchant Shipping blocks business
Sept 21, 2016 (LBO) – Sri Lankan Aggressor, a yacht named after the island, has been blocked by the Secretariat of Merchant Shipping from registering pending IACS classification. Releasing a statement, Yacht operator TVB Group said they delayed the launch of their new ‘Aggressor’ branded Super Luxury Liveaboard Yacht in Sri Lanka due to this […]
Summit: Office space in Colombo to quadruple with Port City
Sept 21, 2016 (LBO) – Sri Lanka’s capital Colombo office space will quadruple after the completion of the ongoing Port City development project, a Port City official said. Chief Marketing Officer of CHEC Port City Colombo, Liang Thow Ming, said the existing office space inside Colombo city is around 220,000 square meters. He was speaking […]
Sri Lanka committee to look in to Norochcholai environmental issues
Sep 21, 2016 (LBO) – Sri Lanka’s Public Utilities Commission (PUCSL) has appointed a 7 member committee to look at the environmental damage allegations that have been leveled against the Norochcholai power station. “We have received several complaints about this so we appointed a committee that is qualified to look into this matter,” Damitha Kumarasinghe, […]
Commercial Bank launches new series of ‘Cash Deposit & Withdrawal’ machines
(PRESS RELEASE) – The Commercial Bank of Ceylon has launched a new generation of machines that offersseveral new advancements on the standard ATMs and deposit machines, including cash deposits that are credited instantly. Sri Lanka’s largest private bank said it will beinstalling ‘Cash Deposit & Withdrawal’ machinesin stages within its 251 strong branch network. Card-less […]
Clearpoint Residencies structural work complete, ready for occupation 2017
Maga Engineering, announced that it has completed the building structure of its flagship residential project, the 48-storey Clearpoint Residencies, set to be the world’s tallest vertical garden upon completion. Clearpoint now stands at 185m and is presently the second tallest building structure in Sri Lanka, second only to Grand Hyatt Colombo which is also beingbuilt […]
Sri Lanka should add 1275MW to grid by 2020: PUCSL
Sep 19, 2016 (LBO) – Sri Lanka’s power regulator Public Utilities Commission (PUCSL) has given the nod for the Ceylon Electricity Board’s (CEB) to add 1,275 megawatts of power to the national grid during next four years through the least cost long term generation expansion plan (LCLTGEP) 2015 – 2034. “The plants listed in the […]