China eyes more infrastructure projects in SL

Despite concerns over the suspension of the Port City Project, China is eying more investments on infrastructure development projects in Sri Lanka with one Chinese company having submitted a US$760 million proposal for the upgrading of the railway track from Colombo to Kandy. Shandong High-Speed Group Co. Ltd. has in its proposal said the travel time between Colombo and Kandy …

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Cabinet Sub-committee to be appointed to review Uma Oya multipurpose irrigation project

Mar 21, Colombo: Sri Lankan President Maithripala Sirisena says Cabinet subcommittee will be appointed to review the plans of Uma Oya multi-purpose development project, which has extensively been discussed lately. The President, who is also the Minister of Mahaweli Development and Environment, has instructed the Secretary of the Ministry of Environment Conservation to immediately provide a report on the present …

My thoughts on Private companies and Privatization in Sri Lanka

This is my thought on privatization in Sri Lanka, Sri Lankan government spends large amounts of money for welfare, free education and free healthcare services. But is it the role of the government to sell clothes, run groceries and maintain dairy farms at the expense of taxpayers’ money? State commercial enterprises are not run by market based principles and State …

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Sri Lanka likely to follow Vietnam’s methods to achieve rapid agricultural and industrial growth

Fri, Mar 20, 2015, 12:02 am SL Time, ColomboPage News Desk, Sri Lanka. Mar 19, Colombo: Sri Lanka’s President Maithripala Sirisena said Vietnam’s rapid agricultural and industrial growth is a good example for other developing countries such as Sri Lanka to emulate. Meeting with Vietnam’s Ambassador in Colombo, Phan Kieu Thu at the Presidential Secretariat today, President Sirisena said Sri …

Sri Lanka budget proposals positive for large spirit makers – rating agency

Mar 19, Colombo: Sri Lankan government’s proposals to impose a minimum excise tax on liquor and beer manufacturers and tighten issuance of liquor licenses are positive for larger spirit manufacturers, including Distilleries Company of Sri Lanka, a global rating agency said. The impact is likely to be neutral for beer manufactures, including the market leader Lion Brewery PLC, the Fitch …

Part of Port City work is to go on

The Government has allowed the construction work on part of the Port City Project to continue to avoid damage from sea erosion. Ports and Aviation Minister Arjuna Ranatunga said that the Attorney General’s advice has meanwhile been sought on the project. He said that President Maithripala Sirisena will discuss the future of the project during his visit to China later …

Flying over Port City a taboo

The Colombo Port City project has run into a fresh snag with Sri Lanka’s Civil Aviation Authority pointing out to the government that the air space over the Chinese held area will exclusively be held by China. According to Article 01 and 02 of the Convention on the Civil Aviation which was signed in Chicago in 1944 – to which …

Sri Lankan Cabinet approves 19th Amendment to Constitution for government reforms

Mar 15, Colombo: The Cabinet of Sri Lanka that was summoned for an emergency meeting today by President Maithripala Sirisena has approved the 19th Amendment to the Constitution and decided to reach a final settlement on electoral reforms on Tuesday (17). A special gazette notification on limiting some powers vested the executive Presidency is reportedly scheduled to be issued tonight. …

Sri Lankan government to review Chinese funded Lotus Tower project

Mar 15, Colombo: The government of Sri Lanka, which is currently in the process of reviewing large scale projects launched by the previous regime, is to review the Lotus Tower project in Colombo. Ports and Aviation Minister Arjuna Ranatunga has told reporters that a review is sought on the Chinese funded Lotus Tower project that is already under construction. The …