Category:
First Step
Dec 20, 2012 (LBO) – Australia based SMEC International (Pvt) Ltd, a consultancy, has been awarded the contract to study the feasibility and prepare bid documents for an expressway to the central Sri Lanka, a minister said. Later stages of the Northern Expressway project involve extensions to Jaffna in the north of the island and […]
Road Finance
Dec 20, 2012 (LBO) – Sri Lanka will build an 18 kilometre road for 1,802 million rupees with a loan from a commercial bank under a scheme of financing domestic contractors, minister Keheliya Rambukwelle said. Hatton National Bank, a private commercial bank will finance the road. The road runs from Meepe to Ingiriya in Sri […]
” model boosts production
Dec 20, 2012 (LBO) – Sri Lanka’s Kahawatta Plantations Plc, has increased production and boosted employee incomes by trying out an ‘out grower’ model of allowing workers to farm tea on estate land on their spare time. The statement said workers go to work in gem pits and other work and only about 40 percent […]
Sri Lanka floods leave 25 dead, thousands homeless – Update
Dec 20, 2012 (LBO) – Flooding and landslide from days of heavy rain in Sri Lanka’s central, eastern and southern areas have left 25 dead, 13 missing and more than 18,000 homeless, the state disaster management agency said. High winds and flood had left 8,237 homeless in Baticaloa in the East of the island and […]
Sri Lanka Treasuries yields plunge
Dec 19, 2012 (LBO) – Sri Lanka’s Treasuries yields plunged at Wednesday’s auction for the second week running with the 12 month rate falling as much as 27 basis points to 12. 18 percent, data from the state debt office showed. The 3-month yield fell 21 basis points to 10.23 percent and the 6-month yield […]
Sri Lanka tourist arrivals overtake Maldives
Dec 19, 2012 (LBO) – Sri Lanka’s tourist arrivals which rose 16. 5 percent to 883,353 in the 11 months to November 2012 from a year earlier, has outstripped that of Maldives which welcomed 866,310 tourists up only 2.4 percent. The phenomenon based mostly on overland travel revolutionized global tourism before the advent of privately […]
Sri Lanka tourist arrivals up 20-pct in Nov
Dec 19, 2012 (LBO) – Sri Lanka’s tourist arrivals rose 20.1 percent to 109,202 in November from a year earlier with arrivals up to November up 16 percent to 883,353 data from the state tourist promotion office showed. Tourists from South Asia rose 9. 6 percent to 26,649 helped by a recovery of the Indian […]
‘s economy grows 4.8-pct in third quarter
Dec 19, 2012 (LBO) – Sri Lanka’s economy expanded 4. 8 percent in the third quarter of 2012 slowing from 8. 5 percent a year earlier with agriculture contracting 0.5 percent, the state statistics office said. Sri Lanka’s gross domestic product was estimated to have grown 8. 3 percent in 2011 and is expected to […]
Sri Lanka reaches annual target with Polish tourist
Dec 18, 2012 (LBO) – Sri Lanka has reached an annual target of 950,000 for 2012 with the arrival of Agata Dziekn from Poland on December 18, the state tourism promotion office said. In November 2012 arrivals rose 20 percent from a year earlier to 109,202, the tourism office said. Dziekn, a graphic designer was […]
Sri Lanka flood, landslide toll rises
Dec 18, 2012 (LBO) – Flooding and landslides have killed at least nine people and left thousands homeless, Sri Lanka’s disaster management office said as heavy rains continued to lash parts of the island. Sri Lanka’s Disaster Management Centre said eight people had died in Matale and one is Kandy in central Sri Lanka and […]
Oman Air and Qatar Airways in codeshare do Doha
Dec 18, 2012 (LBO) – Oman Air has inked a code share deal with Qatar Airways allowing its customers to book flights from any of 42 points within its network to Doha, the capital of Qatar. “This codeshare will make travel within the Gulf region easier, effectively extending Oman Air’s network,” Wayne Pearce, chief executive […]
Sri Lanka opposition raises queries on payment for state land
Dec 18, 2012 (LBO) – A legislator from Sri Lanka’s main opposition United National Party had queried whether India’s Krrish group had made a payment for the purchase of leased state land on an announced date. A number of Sri Lankan and foreign firms which had been given state land were expropriated last year for […]