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Sunday, 23 June 2013

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The Colombo skyline is fast changing. Construction work on the Hyatt Regency Colombo, which could perhaps be the tallest building in Colombo, is now being expedited for the Commonwealth Heads of Government Meeting in November. Government last week said that the hotel would be ready before the CHOGM. Pic: Sarath Peries

Lanka now a potential regional maritime hub

The Sri Lanka Ports Authority (SLPA) is transforming Sri Lanka into a potential maritime and logistics hub in the region. Enhancing infrastructure investments in emerging economies would have a positive spin-off to rebalance global demand. It would result in positive investment with tangible growth,

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Processed food exports top $ 73 m

“In 2012, 26% of total food and beverages exports were processed foods, at $ 73.4 million. Our overall processed food exports which stood at $ 67.1 million in 2010 rose to a strong $ 95 million in 2011,” said Minister of Industry and Commerce, Rishad Bathiudeen,

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World Bank report:

Climate change may impact economic development

The rising possibility of a warmer world in the next two decades is magnifying the development challenges South East Asia is already struggling with, and threatens to reverse hard-won development gains, according to a new scientific report released by the World Bank Group.

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Economy grew by 6 percent in Q1, 2013

The Sri Lankan economy grew by 6 percent in the first quarter of the year according to national accounts data released by the Department of Census and Statistics last week. The GDP growth rate in the corresponding period of the previous year was eight percent and a slow down can be seen in all three sectors but is significant in the agriculture sector.

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Discounts for BoC card holders

Bank of Ceylon (BoC) is offering discounts for its debit and credit card holders up to the end of this year. Under this program discounts up to 50% are offered at selected hotels and restaurants. Hotel Ranna, Tangalle, Platinum Resorts, Marawila and Citrus, Hikkaduwa offer discounts up to 50%.

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