Colombo Port City project back on track

China’s biggest investment project in Sri Lanka, the Colombo Port City Project which was suspended for months by the new government is to continue, Assistant Minister of Chinese Foreign Affairs Liu Jianchao said. According Jianchao, Sri Lankan President Maithripala Sirisena has told Chinese counterpart Xi Jinping on Thursday that ‘what happened around the port city of Colombo is temporary and …

Sri Lanka lags far behind neighbors in innovation and technological adoption – ADB

Mar 26, Colombo: Despite that innovation is becoming an important policy agenda for Sri Lanka, the country lags far behind its South Asian neighbors in innovation and technological adoption, a recently released report of the Asia Development Bank (ADB) said. The Global Competitiveness Index of the World Economic Forum ranks Sri Lanka behind other countries in university-industry collaboration in research …

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Sri Lankans call for US $ 1.4b Chinese project to continue

COLOMBO, March 24 (Xinhua)– Ahead of Sri Lanka President Maithripala Sirisena’s first visit to China a local organisation called for China’s largest investment project to resume, an official said on Tuesday. The Sri Lanka-China Social Cultural Cooperation Association told reporters the 1.4 billion U.S dollar port city project should not have been suspended. They also called on the government to …

Sri Lanka to produce indigenous natural gas and stop importing fossil fuel: Official

Mar 24, 2015 (LBO) – Sri Lanka’s new government targets 100 percent clean indigenous energy to develop the island as a green country while importing fossil fuel, an official from the Ministry of Power and Energy said. “We want to develop the country but it has to be more green and environment friendly development,” Suren Batagoda, secretary, Ministry of Power …

Sri Lanka lacks skilled labor force to support socio- economic demands: Deputy Minister

Mar 25, 2015(LBO) – Sri Lanka needs to create a skilled labour force who will be able to compete with international markets in the phase of implementing new regime’s social market economy, Deputy Minister of Finance and Planning Harsha De Silva said. “We need a radical change in grade one admission in school and go beyond teaching science and mathematics …

Sri Lanka’s economy expected to moderate in 2015 due to political transition

Mar 24, Colombo: Postwar economic recovery in Sri Lanka is expected to moderate in 2015 as investors await clarity on the new administration’s plans for governance reform and economic policy, the Asian Development Bank’s flagship annual economic publication, Asian Development Outlook 2015 (ADO), released today says. Sri Lanka’s economy posted a growth rate exceeding 7.0% in every year since 2012 …

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A Greatest man has passed away today

A Greatest Man, A Greatest politician and founding father of Singapore,  A man who changed his country form nothing to everything, has gone for good today.  Ever since the day I got to know him and as a long living Singapore resident,  I  have seen what he has done to this country and to his fellow citizens with my own eyes.  He …

Meeting Sri Lanka’s Housing Needs

By Camelia Nathaniel During the former President Ranasinghe Premadasa’s term, attempts were made to uplift rural areas, notably via the Gam Udawa (Village Awakening) programme. The housing development programme of that government was enhanced and pursued vigorously. Unfortunately, after his demise, some of the village development projects he initiated, especially housing schemes, were neglected. During a ceremony held last year …

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Status of Work Safety in Sri Lanka

Some of you may know I’m a designer living and working in Singapore for a while now. Recently I have done a website to a scaffolding company in Singapore. When I was doing that project I get some basic knowledge in worker safety in this country. And how serious they are. Companies here are scared to death because of the …