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EXCLUSIVE: CB Governor reveals details of PayPal arriving in Sri Lanka

The discussions with a local bank to represent the US based PayPal money transferring services in Sri Lanka is progressing, Central Bank Governor Ajith Nivaard Cabral revealed exclusively to AdaderanaBiz. The Governor revealed this during a discussion with AdaderanaBiz that he believes these services would be introduced to Sri Lanka before the end of this year. According to the…

(0)Comments | March 29, 2014 11:59 am

Japanese ‘Tuna King’ falls for Lankan seas

Japan’s ‘Tuna King’ and Sushi restaurateur Kiyoshi Kimura who has already six fishing vessels operating under the Sri Lankan flag on international maritime waters around Sri Lanka is reportedly planning to add another 14 such vessels to his fleet. Commenting on this, Fisheries Minister Dr. Rajitha Senaratne said, “The fish netted by these vessels are…

(0)Comments | March 27, 2014 11:43 am

How automated overhead walkways will come up in Kottawa

While we reported yesterday that Sri Lanka’s first ever automated or electrically operated escalator/overhead walkway is to be constructed in Panadura, AdaderanaBiz learns that the government plans to construct three more such overhead walkways in the Kottawa town. This is how Road Development Authority head R.W.R. Pemasiri explained the project, “We have found that around…

(0)Comments | March 22, 2014 6:02 am

Sri Lanka’s first ever automated overhead walkway rolls in

Preparations are afoot to construct Sri Lanka’s first ever automated or electrically operated overhead escalator/walkway for pedestrians to cross the road. Under this plan, the first ever such overhead walkway is to be constructed across the road opposite the Panadura bus stand. While the Urban Development Authority has entrusted this task to a local company,…

(0)Comments | March 21, 2014 11:35 am

Abu Dhabi’s ‘Rotana Jet’ eyes Mattala

Abu Dhabi’s ‘Rotana Jet’ is reportedly preparing to fly to Mattala International Airport. This airline has made preparations to begin flights to Mattala, Airport and Aviation Services Limited Chairman Prasanna Wickramasuriya told AdaderanaBiz. Apart from this, ‘Air Arabia’ is also preparing to send its flights to Mattala while FlyDubai is already flying to Mattala. ‘Rotana…

(0)Comments | March 19, 2014 8:11 am

More world’s largest aircraft over Mattala, more income for Sri Lanka

Flights of the world’s largest passenger aircraft, the A380 have increased over the Mattala international airport in Hambantota and this has contributed to an increase in earning for Sri Lanka, says the Sri Lanka Airport and Aviation Services Limited Chairman. Airport and Aviation Services Limited Chairman Prasanna Wickramasuriya told AdaderanaBiz that since the Mattala international…

(0)Comments | March 18, 2014 11:50 am

First Lamborghini Gallardo 550 registered in Sri Lanka

The first ever Lamborghini Gallardo 550 super luxury car has been registered in Sri Lanka last month (February). This has been revealed in a research carried out by JB Stock Brokers recently on registrations of motor vehicles in the country. Recently the tax imposed on the import of Lamborghini motor vehicles into the country had…

(0)Comments | March 17, 2014 10:09 am

Southern Expressway gets another rest area

Plans are afoot to construct another rest/service area along the stretch of the Southern Expressway from Pinnaduwa in Galle to Godagama in Matara which is being ceremoniously opened today (15 March). This is to be implemented by the Road Development Authority (RDA). While speaking to AdaderanaBiz, RDA chairman R.W.R. Pemasiri said, “We have planned to…

(0)Comments | March 15, 2014 7:10 am

Experiment successful: North, East to be covered with rubber

The experiments carried out to grow rubber in several areas in the North and East where the soil, climatic conditions and other factors are conducive have been successful and hence rubber has begun to be grown as a commercial crop in areas like Padiyatalawa, Mahaoya and Uhana in the Ampara district and Mamaduwa and Madukanda…

(0)Comments | March 12, 2014 10:00 am

Have you obtained your credit ‘iReport’ PIN number?

The Credit Information Bureau of Sri Lanka (CRIB) which recently made available the opportunity for borrowers to obtain their personal credit/loan information over the internet is in the process of further streamlining this process. The process that is currently being followed is for the borrower to visit the Credit Information Bureau of Sri Lanka in…

(0)Comments | March 12, 2014 8:44 am