Author Archive for Business

Coronavirus: Warning against ‘Made in China’ monopoly

Saturday, March 28th, 2020

LIONEL RAJAPAKSE Most countries in the world are experiencing a shortage of essentials. These include day-to-day household items, medical equipment, pharmaceuticals, food items, etc. Luckily, only a couple of cities in China were locked down, due to the COVID-19 threat. If the whole of China had been locked down, there would have been a catastrophic […]

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In Sri Lanka Departure flights to be operated as usual

Sunday, March 22nd, 2020

Courtesy The Daily News All departure flights leaving from Sri Lanka would continue to be operated as usual, officials at the Airport and Aviation Services Limited said. The President Media Division also said the departure terminal will continue to be operational. Also flights are allowed into the country to take the departing passengers. All passenger […]

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කොන්ඩෙ බැදපු චීන්නු

Saturday, March 21st, 2020

LUXMINDRA JAYASEKARA  PANIC SELLING In recent days, China broke many records, and earned absolutely everything, $ 20 billion in the first news and bought about 30% of the shares of companies that belong to the West in China. President Xi Jinping has surpassed Europeans and intelligent American Democrats. He played a wonderful game in front […]

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Coronavirus: Sri Lanka border closed to UK visitors

Sunday, March 15th, 2020

Courtesy BBC Sri Lanka has closed its border to travellers from the UK, affecting England fans who were still planning to visit the country despite the postponement of the two-Test series. Even though Joe Root’s side arrived home on Sunday, a number of supporters intended to go ahead with holidays. However, people from the UK, […]

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FOREIGN OFFICE ADVISES AGAINST ALL BUT ESSENTIAL TRAVEL TO SRI LANKA

Sunday, March 15th, 2020

Courtesy TTG Media The Foreign Office has updated its travel advice to advise against all but essential travel to Sri Lanka. The move effectively places the popular holiday hotspot off limits to British tourists. The FCO made the announcement shortly after midday on Sunday (15 March), citing a decision by the Sri Lankan government to […]

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Beauty supplement claiming to be made in Australia to ‘whiten skin’ criticised as ‘unethical’

Friday, March 13th, 2020

By Tasha Wibawa Courtesy ABC News PHOTO: The Australian Therapeutic Goods Association does not approve products to be sold as “skin lightening”. (Supplied: Krisantha Weerasuriya) A “skin lightening” product advertised as made in Australia, which is being sold in South Asian countries including Sri Lanka and Myanmar, has been slammed by experts and labelled “unethical”. Key points: The […]

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Scared to travel around? Here’s just what you needed for your fears to fly away! Come visit Sri Lanka, the Pearl of the Indian Ocean!

Tuesday, March 10th, 2020

Tourism Sri Lanka

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Doha airport closed to travellers from India, other coronavirus-hit countries

Monday, March 9th, 2020

Courtesy The Hindu Entry to Qatar has been temporarily suspended for passengers from several countries including India, China, South Korea, Sri Lanka and Thailand. The restriction will severely affect those travelling to the US, as Doha is one of the major transit points in West Asia, along with Kuwait and Dubai. Qatar’s restriction, following the […]

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Oil prices plunge after OPEC deal failure sparks price war

Monday, March 9th, 2020

Courtesy Adaderana Oil prices and stock indexes were in freefall Sunday after Saudi Arabia announced a stunning discount in oil prices — of $6 to $8 per barrel — to its customers in Asia, the United States and Europe. Benchmark Brent crude oil futures dove 30% — the steepest drop since the Gulf War in […]

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Sri Lanka launches 150 MW solar tender

Monday, March 9th, 2020

Courtesy Adaderana The Ceylon Electricity Board (CEB has, reportedly, issued a tender for 150 MW of solar power. Reportedly, CEB hopes to build 20 solar projects ranging in size from 3 MW to 10 MW. The facilities are set to be built in different locations and each of them will be connected each to different […]

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Visitor arrivals to Sri Lanka down 17.7% in Feb-2020, arrivals from China drop 92.5% From Russia increased by 61%

Sunday, March 8th, 2020

blueswandaily.com Sri Lanka‘s Tourism Development Authority reported (08-Mar-2020) visitor arrivals to Sri Lanka for Feb-2020. Details include: Visitor arrivals: 207,507, -17.7% year-on-year; India: 35,309, +9.4%; UK: 26.348, -11.4%; Russia: 20,948, +61.0%; Germany: 16,405, -5.0%; France: 11.430, -33.9%; Australia: 9578, +8.7%; US: 7803, -19.4%; Ukraine: 6072, +13.4%; Canada: 5482, -15.3%; Poland: 4693, +42.1%; China: 2096, -92.5%.

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Titanium Sands assays confirm THM depth resource potential at Sri Lankan project, shares up

Friday, March 6th, 2020

Jessica Cummins Courtesy Proactive Investors Australia An upgraded mineral resource estimate will be finalised once the mineralogical studies underway have been completed. Panning of samples from below the water table with the dark material being heavy minerals Titanium Sands Ltd (ASX:TSL) has received all RC aircore assay results drilled in late 2019 at Mannar Island Heavy Minerals […]

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India-Sri Lanka ferry service to take off soon: Union minister

Thursday, February 27th, 2020

Courtesy The New Indian Express It would take around three hours for one-way trip and would cost about Rs 6,5000-Rs 7,000 for a round trip. By Debjani DuttaExpress News Service PUDUCHERRY: In order to promote tourism, the ministry for shipping has mooted a proposal to start ferry service between Karaikal in the Union Territory of Puducherry and […]

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NEW PORT DEVELOPMENT IN SRI LANKA

Monday, February 24th, 2020

Courtesy Portstrategy.com Sri Lanka Ports Authority will carry out a 15-month feasibility study for a new port development to help it meet its goal of container handing capacity of around 35m teus. The port authority planned to develop the Colombo North Port, in the northern side of the existing Port of Colombo to use for […]

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Lanka Property Show 2020; Set and Ready to Wow Colombo with All Property Solutions Under One Roof

Saturday, February 22nd, 2020

Event Coordinator Lanka Property Web (Pvt) Ltd Over the past years, Lanka Property Show has cemented its position as Sri Lanka’s largest and foremost Real Estate show and convention. This year Lanka Property Show 2020 is scheduled to bring buyers, sellers, developers, financiers and experts together in grand style for the 4th consecutive time. Lanka Property […]

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Japan firm lands massive Sri Lanka airport contract

Thursday, February 20th, 2020

Courtesy Borneo Bulletin February 21, 2020 COLOMBO (AFP) – A Japanese firm was chosen by Colombo yesterday to build a new USD570 million terminal for Sri Lanka’s main airport, as Tokyo re-emerges as a key infrastructure backer amid a raft of Chinese projects. The Cabinet announced the Taisei Corporation was picked to develop the Japanese-funded […]

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Airbus kickbacks: $98 million paid as compensation

Tuesday, February 11th, 2020

Courtesy THE ISLAND (SRI LANKA)/ASIA NEWS NETWORK A now-retired SriLankan Airlines A340-300. Photo supplied Sri Lanka’s UNP MP Mujibur Rahman on Sunday said that yahapalana government had paid compensation to the Netherlands-based aircraft leasing company AerCap Holdings NV for the cancellation of the leasing agreement in respect of four Airbus A 350-900 ordered by the […]

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Mattala Mahinda Rajapaksa International Airport (MRIA) to receive Rs. 500 mn facelift

Thursday, February 6th, 2020

RAVI LADDUWAHETTY Courtesy The Daily News The Government will shortly invest Rs. 500 million for the rehabilitation of the Mattala Mahinda Rajapaksa International Airport (MRIA) to bring it back to international standards within six months. Despite the Government of President Mahinda Rajapaksa building the Mattala Airport to international standards, the ruination which was taking place […]

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Sri Lanka to construct new airport terminal to accommodate more arrivals

Thursday, February 6th, 2020

Courtesy NewsIn.Asia Colombo, Feb.6 – The Sri Lankan government will soon commence construction of a new terminal at the Bandaranaike International Airport in order to accommodate a larger number of arrivals, Xinhua news agency, citing local media reported here Thursday. Chairman of Airport and Aviation Services Sri Lanka Ltd (AASL), G.A. Chandrasiri told the Daily […]

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Sri Lanka to begin construction of 1st large-scale theme park

Thursday, February 6th, 2020

Courtesy NewsIn.Asia Colombo, Feb. 6 – Sri Lanka will soon commence construction on a world class theme park along the country’s southern coast in order to promote adventure tourism, local media reported here Thursday. Leading international theme park developer and operator, Sim Leisure Group Ltd, entered into a non-binding memorandum of understanding (MoU) with Sri […]

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Sri Lanka appoints high level task force to boost tourism

Tuesday, January 21st, 2020

Courtesy NewsIn.Asia Colombo, Jan. 21 – The Sri Lankan Tourism Ministry on Tuesday appointed a seven-member high level task force to transform the island’s tourism sector into a $10 billion industry by 2030. Minister of Industrial Export, Investment Promotion, Tourism and Civil Aviation, Prasanna Ranatunga said in a statement that the task force consisted of […]

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Minister Thilanga Sumathipala gives instructions to expedite the establishment works of Timber Design Innovation Centre (TDIC) and Timber Process Innovation Centre (TPIC)

Thursday, January 9th, 2020

Media Unit State Ministry of  Technology and Innovation. The State Minister of Technology and Innovation gave instructions to the relevant officials to expedite the process of setting up a Timber Designing Innovation Centre (TDIC) and Timber Process Innovation Center (TPIC), an initiative envisaged to add value to the Sri Lankan timber industry and being implemented […]

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දැව නිර්මාණ නවෝත්පාදන මධ්‍යස්ථානය සහ දැව පිරිසැකසුම් නවෝත්පාදන මධ්‍යස්ථානය කඩිනමින් ස්ථාපනය කිරීමට ඇමති තිලංග සුමතිපාල මහතා උපදෙස් දෙයි.

Thursday, January 9th, 2020

මාධ්‍ය ඒකකය තාක්ෂණ හා නවෝත්පාදන රාජ්‍ය අමාත්‍යාංශය. ශ්‍රී ලාංකීය දැව කර්මාන්තය සඳහා අගය එකතු කිරීමේ අරමුණෙන් අමාත්‍ය මණ්ඩල අනුමැතිය යටතේ දැව නිර්මාණ නවෝත්පාදන මධ්‍යස්ථානයක් සහ දැව පිරිසැකසුම් නවෝත්පාදනමධ්‍යස්ථානයක් ස්ථාපනය කිරීමට පියවර ගෙන ඇති අතර එම කටයුතු කඩිනම් කරන ලෙස තාක්ෂණ හා නවෝත්පාදන රාජ්‍ය අමාත්‍ය තිලංග සුමතිපාල මහතා විසින් අදාල නිලධාරීන්ට උපදෙස් දෙනු ලැබීය. ශ්‍රී ලාංකීය […]

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Potential of Hambantota Port to be Maritime Hub In Indian Ocean

Thursday, January 2nd, 2020

By Captain Chandra Godakanda Arachchi, Gladstone LNG, Australia (Member of the Company of Master Mariners) Courtesy The Island January 2, 2020, 6:13 pm It’s just over two years since China Merchant’s Port Holding Company (CMPHC) leased Port of Hambantota for 99 years. China Merchant Port Holding owning eighty five per cent of the company whilst […]

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PROJECT DIRECTOR ASSURES MORAGAHAKANDA LEAK WOULD DO NO HARM

Thursday, January 2nd, 2020

Courtesy Hiru News Project director of the Moragahakanda Multi-Purpose Project DB Wijerathna says that nobody wants to create any fear about the reported leak in the dam. Earlier, the HIRU CIA program revealed a water leak in the upper area of the main dam of the reservoir. The workers and the security guards had informed […]

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Govt. suspends import of ethanol with immediate effect

Wednesday, January 1st, 2020

Chaturanga Samarawickrama Courtesy The Daily News The Government suspended the import of ethanol for liquor manufacturing with immediate effect, the Ministry of Finance, economic and policy development Ministry said today. They said the decision was taken following the instructions given by Prime Minister Mahinda Rajapaksa, who is also the Finance Minister. He also said required […]

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Two Indian banks to cease operations in Sri Lanka

Wednesday, January 1st, 2020

Courtesy Ada Deara The Central Bank of Sri Lanka has permitted two Indian private banks Axis Bank and ICICI Bank to close down their operations in the country.  The Central Bank of Sri Lanka has said that it intends to take appropriate action against the banks that have not complied with the order to reduce […]

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Outlook positive as Hambantota Port grows with opportunities for Sri Lankans

Tuesday, December 24th, 2019

By Tang Lu, Shiran Illanperuma and Chen Jian Courtesy NewsIn.Asia Colombo, December 24 (Xinhua): It was early in the morning as 25-year-old Harshana Tennekoon zipped across southern Sri Lanka’s Hambantota International Port (HIP) in his hatchback to welcome the first roll-on/roll-off (RORO) ship of the day. The massive vessel, carrying automobiles manufactured in India and […]

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‘Made in Sri Lanka’ electric luxury supercar is a 900 bhp powerhouse

Tuesday, December 24th, 2019

Courtesy NewsIn.Asia Vega is powered by a 300 kw battery pack which gives it a range of 240 kilometers Colombo, December 23 (HTAuto) – Beautiful beaches, mild weather and rich cultural legacy are what are synonymous with Sri Lanka. Having its very own supercar then, is quite the contrasting picture that a company called CodeGen […]

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SMIDEX 2019 ජාතික සම්මාන උළෙලේදී විශිෂ්ඨතම කර්මාන්තය කොළඹ දිස්ත්‍රික්කයෙන්.

Monday, December 23rd, 2019

ලංකා කාර්මික සංවර්ධන මණ්ඩලය ලංකා කාර්මික සංවර්ධන මණ්ඩලයට වසර 50 ක් පිරීම නිමිත්තෙන් ලංකාවේ සුළු හා මධ්‍ය පරිමාණ කර්මාන්ත ඇගැයීම හා දිරි ගැන්වීම සඳහා දිවයිනේ සියළුම පළාත් ආවරණය කරමින් ක්ෂේත්‍ර 14 ක සුළු හා මධ්‍ය පරිමාණ කර්මාන්ත ඇගයීමට ලක්කර, සම්මාන ප්‍රදානය කිරීම 2019.12.20 වැනි දින ප.ව. 2:00 ට බණ්ඩාරනායක ජාත්‍යන්තර සම්මන්ත්‍රණ ශාලාවේ දී කර්මාන්ත හා […]

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