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Sunday, 2 September 2012

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Trucks removing silt at the spill of the Kalawewa Tank. The de-silting project will increase the capacity of the tank by 750 acre feet Pic : Susantha Wijayagunasekara

Kalawewa de-silting project, a boon to NCP farmers

Work on the Kalawewa de-silting project has been accelerated to achieve the target of increasing water capacity of the tank by 750 acre feet before the north-eastern monsoon rain activates. The Director, River Basin Development and Reservoirs of the Mahaweli Authority H.H. Padmasiri said that over 175 tippers and 25 excavators,

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Phoenix invests Rs. 350 m on packaging plant

Plastic moulding company Phoenix Industries laid the foundation stone for a a new plant at Horana which will be fully dedicated to Unilever. It is on a seven acre plot of land opposite the Unilever factory premises.

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SEC chief to proceed with investigations

Dr. Nalaka Godahewa who assumed duties as the new chief of the Securities and Exchange Commission of Sri Lanka vowed to continue investigations on controversial transactions by some investors of the Colombo Stock Exchange.When contacted for comments on his new role and plans of the regulatory body, he said that he needs time to study the situation before he speaks to the media.

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Lubricant market growth slows in 2Q

The lubricant industry has not grown since the start of the second quarter this year, though there were prospects in the first quarter, said Chevron Lubricants Lanka PLC CEO, Kishu Gomes.

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Laugfs to add 398 hotel rooms

Laugfs Holdings will open a luxury hotel in Bangadeniya, Chilaw shortly, company sources said. “We are hoping to add around 398 hotel rooms by the end of 2014 under the Ananthaya branded chain”, he said. The chain comprises a 75-room hotel in Sigiriya, a 125-room hotel in Waskaduwa, a 110-room hotel in Passikudah and a 88-room hotel in Chilaw.

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Inflation down in August

Inflation, as measured by the Colombo Consumers’ Price Index (CCPI) (2006/07=100) computed by the Department of Census and Statistics, declined to 9.5 percent in August 2012 on a year-on-year (YoY) basis from 9.8 percent in the previous month, mainly due to the price decreases in the food category.

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SriLankan leads Asia's race into 'Paperless Flight Decks'

SriLankan Airlines' enters the new age of 'iPad electronic flying' by switching from using bulky mandatory paper manuals, to a sleek 662 gram iPad, as SriLankan becomes Asia's first airline to use the iPad Electronic Flight Bag (EFB). Pilots no longer need to lug 84 kilograms of paper manuals from aircraft to aircraft and from airport to airport and flip through pages,

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