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,
 Full Story
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.
Full Story
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.
Full Story
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.
Full Story
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.
Full Story
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.
Full Story
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,
Full Story |
