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A new city at Pore interchange in Athurugiriya too?

AdaderanaBiz earlier reported that though the Kottawa to Kothalawela, Kaduwela stretch of the outer-circular expressway has already been opened, the Kothalawela interchange is only temporary till a new interchange comes up at Pore in Athurugiriya. Accordingly, the Road Development Authority (RDA) has already begun work on reclaiming a part of the marsh/paddy land at Pore…

(0)Comments | May 7, 2014 6:21 pm

Packer’s regional expansion in jeopardy – report

Police are investigating a public brawl between James Packer, one of Australia’s richest men, and a television executive, which could jeopardise regional expansion plans for Packer’s casino business if it leads to a criminal conviction, report claims. The fight on Sunday between Crown Resorts Ltd Executive Chairman Packer and David Gyngell, chief executive of Nine…

(0)Comments | May 7, 2014 2:26 pm

Local expertise for three overhead walkways in Kottawa

AdaderanaBiz earlier revealed that three overhead electrically operated pedestrian crossings are to be constructed by the government at Kottawa. While updating AdaderanaBiz on the latest state of this project, Road Development Authority (RDA) chief R.W.R. Pemasiri said the discussions are in progress to construct these overhead walkways while resorting to local technological expertise. “We are…

(0)Comments | May 6, 2014 12:26 pm

SriLankan flies on new journey with ‘oneworld’

SriLankan Airlines which joined the ‘‘oneworld’ global aviation alliance with a ceremony at the Mattala Rajapaksa International Airport this morning, became the first airlines in South Asia to join such an alliance. Among the national and international guests who attended this ceremony were Senior Minister Sarath Amunugama, Member of Parliament Namal Rajapaksa and SriLankan Airlines…

(0)Comments | April 30, 2014 12:17 pm

Mixed project agreement among James Packer, JKH and Dhammika cancelled

The Sri Lanka Board of Investment (BoI) is preparing to cancel the three earlier agreements for the mixed development project involving James Packer, John Keells Holdings and Dhammika Perera and sign new agreements. Investment Promotions Deputy Minister Faizer Mustapha told AdaderanaBiz that the BoI is preparing to sign fresh agreements over these three projects with…

(0)Comments | April 30, 2014 5:38 am

Change of plans for Shangri-la at Galle Face

The earlier plans for the construction of a hotel opposite the Galle Face by the Hong Kong based Shangri-La Group have reportedly been changed and according to the new plans even the high tension electricity lines running across the area have to be relocated. While speaking to AdaderanaBiz on this issue, Investment Promotions Minister Lakshman…

(0)Comments | April 24, 2014 11:35 am

Ten private universities coming to Sri Lanka

The government has already given the go ahead to establish private universities in Sri Lanka. While commenting on this, Higher Education Ministry secretary Dr. Sunil Jayantha Navaratne told AdaderanaBiz that plans are afoot to establish 10 private universities in Sri Lanka by 2020. “Our plan is to establish 10 private universities in Sri Lanka by…

(0)Comments | April 22, 2014 9:37 am

Land Rover unveils its Discovery Vision concept

Land Rover unveiled its Discovery Vision concept at the 2014 New York International Auto Show. Its classification as a ‘leisure SUV’ may show the company as backing off its legendary off-roading capability. That notion would appear to be wrong, given the incredible array of futuristic terrain technology Land Rover describes for this concept. Rather than…

(0)Comments | April 18, 2014 3:41 am

Will Maruti’s fuel tank defect affect Sri Lanka?

Last week the foreign media reported that India’s largest car maker Maruti Suzuki would recall over one lakh units of its popular models – Ertiga, Swift and DZire – to replace faulty fuel filler necks. To find out whether this recall would affect vehicles sold in the Sri Lankan market, AdaderanaBiz contacted Maruti Suzuki agents…

(0)Comments | April 16, 2014 6:19 am

US-Sri Lanka export bonds continue to surge ahead

The United States, which is the main country which accuses Sri Lanka of violating human rights, is still in the forefront by buying the largest chunk from Sri Lanka’s export market. The US has bought 24 percent of the exports from Sri Lanka. While Sri Lanka’s largest export market, the US buys mainly apparels, 10.4…

(0)Comments | April 16, 2014 5:12 am