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Sri Lanka benefits from increased trade with India: OBG
May 20, 2016 (LBO) – Sri Lanka stands to benefit from efforts to strengthen economic cooperation with India particularly with a rebalancing of foreign policy, Oxford Business Group said. With talks around an expanding free trade agreement (FTA) in the works, momentum appears to be on Sri Lanka’s side. Full article is below: Thanks to […]
Private firm to build 10 Mw solar power plant in Vavuniya
May 20, 2016 (LBO) – Sri Lanka’s cabinet has decided to lease a 22 hectare state land in Nedun Kulam, Vavuniya to a private firm to build a 10 Mw solar power plant. The BOI approved Vydexa (Lanka) Power Corporation is to invest 14.5 million US dollars for the project and it would add 19 […]
PTL Watch: Yields tick slightly higher for third week
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Jordan to look into repatriation of 1,000 Sri Lankans
The Foreign Secretary of the Kingdom of Jordan Moh’dTaisir Bani Yassin, visited Sri Lanka from May 18-20, 2016 for bilateral discussions with Sri Lankan officials. The visit is a part of the ongoing engagement between the two countries to explore new avenues for increased bilateral cooperation. During the visit, the Foreign Secretary of Jordan called […]
UNDP Partners with the Private Sector to host Sri Lanka’s First National Summit on Foresight and Innovation
Ceylon Biscuits Limited and Holcim Lanka partners to co-finance Sri Lanka’s first National Summit on Foresight and Innovation for Sustainable Human Development. The Summit organized by the United Nations Development Programme (UNDP) and the Ministry of National Policies and Economic Affairs together with many core partners including the United Nations Global Compact Network Ceylon (UNGC) and […]
Sri Lanka opts for LNG plant over coal in Sampur: Petroleum Minister
COLOMBO (Reuters) – Sri Lanka will cancel plans for a 500 megawatt Indian-built coal-fired power plant at its strategic eastern port city of Trincomalee and will instead opt for a liquefied natural gas (LNG) power plant, a cabinet minister said late on Tuesday. Chandima Weerakkody, Sri Lanka’s petroleum minister, said President Maithripala Sirisena told Indian […]
SriLankan Airlines unveils oneworld priority signage at Colombo and Male Airports
SriLankan Airlines has unveiled oneworld priority signage at its Colombo hub, Bandaranaike International Airport and Male, its extended home market. The new signage aims to provide the alliance’s top tier, frequent flyers a comprehensive and clear idea on the alliance’s benefits throughout the travel process – check-in, airport fast tracks, lounges and boarding.The oneworld priority […]
Ravi K says Japan agrees USD2.5bn development loan to Sri Lanka
May 19, 2016 (LBO) – Finance Minister Ravi Karunanayake told Parliament Thursday that Japan has agreed to provide about 2.5 billion US dollars worth development policy loan to Sri Lanka. This has been revealed yesterday when Japanese Prime Minister Shinzo Abe’s Special Representative Hiroto Izumi called on Prime Minster Ranil Wickremesinghe, Finance Minister said.“Mr. Izumi also […]
National Telecommunications Museum declared open
Sri Lanka Telecom (SLT), the leading ICT solutions provider in the country inaugurated a novel national telecommunication museum at the company’s premises in Padukka on 17th May, to coincide with the World Telecommunication and Information Society Day. The museum will showcase telecommunications equipment dating back from the British era up to today, taking the visitors […]
”s war heroes behind bars: President
May 19, 2016 (LBO) – President Maithripala Sirisena says people who put war heroes in jail are now making allegations that the government is getting ready to hunt war heroes. The President was speaking at the national ceremony to commemorate war heroes, held yesterday at the War Hero Monument in the Parliament premises in Battaramulla. […]
More rain in Sri Lanka likely, depression turns to storm: Met Dept
May 19, 2016 (LBO) – Sri Lanka’s Met Department says the deep depression in the Bay of Bengal has intensified into a cyclonic storm ‘ROANU’ which is moving away from the island. Nevertheless, an increase of rainfall in parts of the island is likely. “There is a high possibility to sudden increase of rain in […]