The high 8.4% economic growth enjoyed by Sri Lanka in the third quarter is considered the fourth best in the world according to an analysis by stock broking firm DNH Financial.It said that Sri Lanka judging by impressive third quarter GDP data has bucked the downward trend in the global economy. As per its analysis Sri Lanka is only lagging ...
The Sri Lanka Transport Board has decided to commence a super luxury bus service on major approach roads to Metropolitan City of Colombo. The CTB on a proposal by Transport Minister Kumara Welgama is to buy 25 super luxury buses to be deployed in the service. It is expected to minimize the traffic congestion on major highways approaching Colombo City. ...
Achieving another remarkable milestone in the country’s booming tourism industry, Sri Lanka Tourism welcomed the arrival of the 800,000th tourist in 2011 at the Bandaranaike International Airport yesterday evening.This is the first time ever; the tourism industry has received arrivals exceeding 800,000 in any given year, making it a ground breaking figure in tourism records. Sri Lanka Tourism offered a ...
A Sri Lankan hotel firm yesterday launched a Rs. 100 million worth floating Banquet hall on the Beira Lake.The floating Banquet hall was declared opened by President Mahinda Rajapaksa last evening.A Spokesman from Cinnamon Lake hotel, the owners and operators of the Banquet hall said, the new facility will be available for all types of event such as cocktails, dinners, ...
The construction of the first new container terminal under the Southern Harbour development project of the Colombo Port Expansion Project (CPEP) will commence today (December 16) at the Colombo Harbour under President Mahinda Rajapaksa's patronage. "Container handling capacity will significantly increase with the construction of the new container terminal. The present annual container handling capacity of the Colombo Harbour is ...
Sri Lanka has decided to implement a system to assess the health conditions of foreigners who apply for Resident Visas to remain in the country, in future.Authorities say, it has been observed that after the end of the conflict, there has been a quite a large number of foreigners who are remaining in Sri Lanka by obtaining resident visas to ...
The Government during the past two years has granted approval for 58 tourism related projects to be implemented by the private sector with an investment of nearly US$ one billion, according to Economic Development Ministry sources. They said the investment in the tourism sector has shown a significant growth due to the increase in the number of tourist arrivals and ...
The 3D cinema made its public debut on Friday (2), with the screening of The Three Musketeers, while MC’s Gold and Ultra are now screening Hugo and Tower Heist respectively.The new theatres are located on the fifth floor of Majestic City, leading off from a bright and spacious lounge area. Among the cinemas’ features are wheel chair access ramps, and, ...
Sri Lanka government has approved setting up of 11 five star hotels in the capital Colombo and 24 in areas outside of Colombo to meet the growing demand to accommodate tourists.Economic Development Minister Basil Rajapaksa has said the approval has been granted to set up two five-star hotels in Gampaha and one in Negombo, four in Beruwala, two in Jaffna, ...
The Independence Square and its adjacent area was declared opened for public, Saturday (Dec 03), evening by the Power and Energy Minister Patali Champika Ranawaka in the gracious presence of Secretary Defence Mr. Gotabaya Rajapaksa. The site will be open for public 24x7, including the newly constructed bikers' path and the walking lanes that run across the National Library and ...
The award-winning National Geographic Traveler magazine's November/December issue has picked Sri Lanka as one of the 20 best places to visit in 2012. As one of the "Best of the World 2012", the expose on Sri Lanka features the luscious green tea plantations in the hill country, ancient Buddhist temples of Dambulla and Temple of the Tooth in Kandy, ...
Old Colombo Dutch Hospital in Colombo Fort-New look The old Colombo Dutch Hospital in Colombo Fort that was built by Dutch colonial rulers in 18th century has been renovated as a modern trade complex. Sri Lanka's Defense Secretary Gotabhaya Rajapaksa and Minister of Economic Development Basil Rajapaksa will declare open the new trade complex tomorrow evening. Urban Development Authority, which ...
The ITC limited of India, a Franchise of SHERATON Group of USA is to invest in a luxury hotel and mixed development project in Colombo. The government has approved the US dollar 300 million FDI and a land extent of 5 acre in the close proximity of Military headquarters, Colombo on a 99 year long lease for the project, ...
Madhubhani Perera, acting Mktg. Director of SL Tourism presents the gift to AlbordniyPalestine’s Mohomad Albordiny who arrived in Sri Lanka last evening with his wife became the 750,000th tourist to enter the country during this year.Sri Lankan tourism officials were at the airport to congratulate Albordiny and his wife.To the much surprise of Albordiny and his wife, Sri Lankan tourism ...
Foundations are complete and the main construction is in full swing at 110 Parliament Road, a 380,000 square-foot complex that is the newest and largest luxury apartment project on Parliament Road . Situated less than 2 kms from Colombo 7, the apartment complex overlooks the Colombo Golf Course banked by the National Bird Sanctuary.Developed by Atlantis- a subsidiary of the ...
The Ministry of State Resources and Enterprise Development has taken steps to reconstruct the Paranthan Chemical Industry in a 217 acre plot of land. The factory was completely destroyed by the terrorists during the time of humanitarian operation.A Project Report estimates that it would require Rs.3 Billion for the re-establishment of the factory in Paranthan. Investors from India, Ireland and ...
