It is no secret that China and India are showing keener interest on geo-strategically vital Sri Lanka. However, the arrival of Indian and Chinese tourists to Sri Lanka seems to be competitive. When the latest tourist data is analysed it shows that India has become the country from where the highest number of tourists have…
The Spanish legend and former captain of Barcelona, Carles Puyol was spotted in Sri Lanka with his wife Vanessa Lorenzo lately. Enjoying their holiday, Puyol posted a video of the couple at a whale watching tour. Carles and Lorenzo were also spotted enjoying a safari at the Udawalawe National Park. Being a nature lover, his…
A Board of Inquiry has found shocking details of corruption running into billions of dollars, manipulations of service contracting, recruitment of unqualified staff and major security breaches at the SriLankan Airlines under the former government. In February, the Minister of Ports, Shipping and Aviation Minister Arjuna Ranatunga appointed the Board of Inquiry (BoI) to report…
It has been revealed that since February 2012 Sri Lanka’s foreign reserves have recorded its lowest during last March. According to latest data from the Central Bank of Sri Lanka (CBSL) Sri Lanka’s foreign reserve has fallen to USD 6.8 billion in March 2015 while it was USD 7.4 billion in February. The last time…
It’s the kind of project that can make a legacy: A massive port complex, complete with luxury hotels and fancy shops, constructed on an artificial island. Mahinda Rajapaksa, the former president of Sri Lanka, was the driving force behind such a project, a $1.4 billion crown jewel to be built near Colombo by a state-backed…
The order of eviction issued by the Mallakam Magistrate against the Northern Power Plant in Chunnakam preventing its employees from reporting to work has been vacated by the Court of Appeal. The order will be in effect from Monday 06 April. The Jaffna High Court on 20 February allowed the Northern Power Co (Pvt) Ltd’s…
Some allege that the incumbent government does not construct any roads or highways. However, since the good governance government cannot construct road like the former government, certain systematic methods are being planned in the construction and development of roads to eliminate fraud and corruption, said the Highways and Investment Promotion Minister. Highways and Investment Promotion…
Asiri Hospital Holdings PLC has appointed its Executive Director Dr. Karunamuni Manjula Prasanna Karunaratne as the Group Chief Executive Officer of the Asiri Group of Hospitals with effect from 01 April 2015.
Renuka Organics Private Limited, a subsidiary of Renuka Agri Foods PLC has subscribed to 9,899,985 shares at Rs. 20 each of Kandy Plantations Limited on 31 March 2015. The value of the shares is Rs. 197,999,700 which is equivalent to 93.6 per cent issued shares of Kandy Plantations Limited. Renuka Organics Private Limited has also…
At the cusp of realizing its Sustainability Vision of becoming the most sustainable five star city hotel by 2015, Green Globe certified Cinnamon Grand today holds the pioneering stance of being the country’s most intelligent building. The state-of-the art-Schneider Building Management System (BMS) is the first in a hotel in South Asia, controlling, monitoring and…
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