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Sunday, 10 February 2013

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The government policy on road development says ‘Road Transportation in Sri Lanka is considered a vital pre-requisite in Economic Development’. Provision of reliable transport facilities for easy mobility of people and goods stimulates economic growth. It helps to improve educational, health, economic and social standards of the people. During the last couple of years there was unprecedented development in the road sector from building expressways to rural pathways. This picture was captured by our staff photographer Tilak Perera in Pollebedda village in the Ampara district where the bullock cart is still used as a mode of transport.

‘Britain to invest in tourism expansion drive’

Britain is interested in investing in the expanding tourism industry in Sri Lanka specially to increase room capacity for the tourism sector which is now in progress. “We will play a major role in infrastructure development initiatives targeting roads, bridges and related facilities of construction to facilitate the Government's development drive,”

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‘Good green practices vital for sustainable development’

Most of the hotels in Sri Lanka still use energy-inefficient air conditioning systems, a recent study of SWITCH-Asia project revealed. The report said that only 10 percent of the SME hotels surveyed used energy-efficient modern AC systems. However, air conditioning is relevant only to about 40 percent of the total number of SME hotels in the sample studied.

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‘Protecting local industries critical for growth’

Protecting local industries that generate employment and value-addition is important to sustain economic growth. The way forward for this country is to invest more on research and development where policy directives help groom industrialists. Special emphasis should be on those using locally-produced raw material for manufacturing,

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SriLankan Airlines goes for ‘Altea suite’

SriLankan Airlines, the national carrier of Sri Lanka and the Amadeus IT Group, a leading technology partner for the global travel industry inked an agreement to upgrade the operational processors to Amadeus’ full Altea suite by 2014. The deal will enable both SriLankan Airlines and its sister airline, Mihin Lanka,

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ComBank and IFC sign $ 75 m debt agreement

IFC, a member of the World Bank Group, is investing $75 million (approximately Rs 9.6 billion) in the Commercial Bank of Ceylon PLC (ComBank), through a fund managed by its Asset Management Company (AMC), to expand Commercial Bank’s operations and increase access to finance for small and medium enterprises (SMEs).

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‘Ansell invests nearly $ 2m in R and D centre’

The newly constructed Research and Development centre (R and D) of Ansell Limited, an industrial solutions company was opened on Thursday at the Biyagama Free Frade Zone to increase manufacturing capacity. Ansell Lanka Limited has invested $ 1 to 2 million on a 16,000 square foot, state-of-the-art R and D centre to manufacture better products in protective solutions for customers.

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