GalleFace10272015_3

Historic Gall Face Hotel in Colombo opens after renovation

One of the oldest hotels East of the Suez, the Galle Face Hotel was established in 1864. Over the years, the hotel has housed royalty and celebrity. The North Wing of the iconic hotel was restored during the renovation with modern amenities while keeping the old grandeur intact. The management has taken great care to ensure the spirit of the …

Volkswagen plugs in assembly plant

$ 26.5m investment, venture to kick off immediately in Kuliyapitiya, completed within 2 years Employment for 200, training facility for 2,000, vehicles to be sold in local market for 3 years 8-year tax holiday, 500 annual manufacture, eye on exporting to South Asia       By Uditha Jayasinghe Notching up more foreign investment for Sri Lanka, the Board of Investment (BOI) …

Russia and Sri Lanka to ink new MoUs for cooperation

07 May Sri Lanka and Russia will enter into several new Agreements and Memorandums of Understanding (MoU) to expand bilateral cooperation in several fields such as energy, trade and commerce, agriculture, education, judiciary and defence. This was discussed when Russian ambassador Alexander A Karchava called on President Maithripala Sirisena at the Presidential Secretariat this afternoon (May 07). The Ambassador conveyed …

Sri Lanka, Japan to link FTA this year

Apr 19, Colombo: Sri Lanka and Japan plan to formulate and sign a Free Trade Agreement between the two countries to enhance bilateral trade. The Sri Lanka-Japan Business Co-operation Committee says that they are preparing for possible a FTA between Fri Lanka and Japan in 2015. The fact was revealed at a meeting held in Colombo by the Sri Lanka-Japan …

Sri Lanka, Bhutan leaders discuss enhancing bilateral cooperation, establishing air links

Apr 10, Colombo: Leaders of Sri Lanka and Bhutan today discussed enhancing bilateral relations between the two countries, especially in education and agriculture sectors and establishing direct air links. Sri Lankan President Maithripala Sirisena and the visiting Bhutanese Prime Minister Tshering Tobgay agreed to establish air links between Paro and Colombo by Druk Air, the Bhutanese national carrier when they …

War of words between Chinese firm and Sri Lanka escalates over Colombo Port City

The war of words over the stalled Colombo Port City project escalated yesterday as China Communications Construction Company (CCCC) called the Sri Lankan government’s recent statement on the matter “factually incorrect”. Finance Minister Ravi Karunanayake had told the South China Morning Poston Friday that CCCC had failed to furnish the necessary documents within the two-week deadline set for it by …

Sri Lanka launches ten-year energy sector plan for knowledge-based economy

Mar 31, Colombo: Sri Lankan Prime Minister Ranil Wickremasinghe Tuesday unveiled the energy sector plan for the next ten years formulated to achieve the ambitious goal of 100 percent energy self-sufficiency by 2030. Launching the “Sri Lanka Energy Sector Development Plan for a Knowledge-based Economy, 2015-2025” at the Water’s Edge Hotel, Battaramulla this morning, the Prime Minister said the country …

Sri Lanka to resume road development projects with China

Mar 30, Colombo: The Sri Lankan government has decided to recommence all the main and provincial road development projects in the island nation with China, a senior government official has said. Highways, Higher Education and Investment Promotion Ministry Secretary, Udaya Ranjith Seneviratne has told Xinhua Sunday that the Ministry had already made payments to the relevant Chinese contractors for the …