‘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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