Category: Industry
Sri Lanka Lotus Tower land deed still not cleared
Apr 26, 2016 (LBO) – The Lotus Tower or Nelum Kuluna’s land is still in dispute and awaiting approval from the Urban Development Authority, a senior official told Lanka Business Online. “We are still waiting for the land issue to be sorted, it needs to be cleared by the Attorney General’s Department and then the […]
Paranthan Factory reconstruction starts this year with Rs525Mn
Apr 25, 2016 (LBO) – A now defunct Lankan chemical pioneer is to be revived and construction work shall start before the end of this year to revive the historic manufacturing giant, a minister said. “We have earmarked Rs 525 Mn to start work on the Paranthan Chemicals Factory in Kilinochchi, The construction work will […]
‘s emergency power plant request
Apr 25, 2016 (LBO) – Sri Lanka’s power regulator, Public Utilities Commission of Sri Lanka (PUCSL) in a letter denied the CEB a request to buy a 55 MW of emergency power plant that was approved by the cabinet. “Although approval was given by cabinet of ministers it was not in line with its least […]
BOC ATMs dispensed record Rs30bn during Avurudu season
The Bank of Ceylon, Leader in the Sri Lankan Banking Industry has set a bench mark of dispensing a record breaking Rs.30.72 Billion from its ATMs during Avurudu season. The Bank has made every possible arrangement to provide the utmost convenient and easy access to cash for its customers during this festive season. Bank has […]
Sri Lanka joins 9 countries that reformed fisheries governance
Apr 22, 2016 (LBO) – Sri Lanka has joined the growing list of countries that have reformed their fisheries governance systems following a lift of ban by the European Commission yesterday. Subsequent to specific warnings by the European Union, a total of ten countries (Sri Lanka, Ghana, Papua New Guinea, Korea, the Philippines, Fiji, Belize, […]
Sri Lanka plans new railway for coal transportation
Apr 20, 2016 (LBO) – Sri Lanka’s government is planning to build a new railway track from Maho to Puttalam to transport coal from Trincomalee to Norochcholai through railway lines, the Power Minister said. Power Minister Ranjith Siyambalapitiya speaking at a press briefing on Wednesday said the ministry is currently in talks with the Railway […]
CEB responds to shortcomings pointed out by power regulator
Apr 20, 2016 (LBO) – Sri Lanka’s Ceylon Electricity Board (CEB) has responded to shortcomings pointed out by the Public Utilities Commission of Sri Lanka (PUCSL) after recent island-wide power failures. In a letter dated 28th March, 2016, the CEB has agreed to the recommendations, but does not include a detailed explanation for the island-wide […]
‘s oldest barbershop to set up in Sri Lanka
Apr 19, 2016 (LBO) – The world’s oldest barbershop, Truefitt & Hill, is to start business in Sri Lanka and is looking for suitable partners, a statement said. “After the successful opening of this international barber shop in Mumbai, Delhi and Bangalore, we are very eager to expand in Sri Lanka,” Istayak Ansari, Director, Lloyds […]
Commercial Bank Dispenses Rs 21.54 billion in first 14 days of April
The Commercial Bank of Ceylon smashed itsrecords for cash dispensed via the Bank’s automated teller machine (ATM) network over a 14 day period this ‘Avurudu’ season, dispensing a jaw-dropping Rs 21.54 billion between 1stand 14thApril. On four of these 14 days, the 625-terminal network dispensed more than Rs 2 billion a day, with the peak […]
600 graduates of SriLankan Aviation College enter the world of aviation
600 young men and women qualified to embark upon rewarding careers in the international air transport industry at the graduation ceremony of the SriLankan Aviation College, one of Asia’s premier aviation academies, on Thursday (31st March) at the Bandaranaike Memorial International Conference Hall in Colombo. The SriLankan Aviation College is the academy of SriLankan Airlines […]
Nepali Himalaya Airlines commences flights to Sri Lanka
Apr 18, 2016 (LBO) – Himalaya Airlines, a Nepali-Chinese joint venture, commenced its aviation life last week with a flight to Colombo from Kathmandu. The flight was planned to coincide with New Year celebrations in both Sri Lanka and Nepal. “The flight intends to help promote tourism between Nepal and Sri Lanka and enhance people-to-people […]
SriLankan flight instructed to return to Singapore base
Apr 18,2016 (lLBO) – SriLankan Airlines flight UL 309 of April 14, 2016 was instructed to return to Changi International Airport due to security reasons soon after it was airborne to Colombo. The flight later arrived in Colombo at 0042 hrs on April 15, 2016 with a total delay of 3 hours. “Upon its return to Singapore, the airport […]