Category: Srilanka Developments and Releated News

  • Kreate Design Singapore Invest 1 Billion in Lotus Tower

    Kreate Design (pvt) ltd of Singapore along with global investor are looking forward to invest USD 1 Billion in Lotus Tower in next 3 years. The company mainly focus on full-fledged casino and an entertainment area including water sports.  The MoU have singed recently in Colombo Sri Lanka, the company have already paid USD 56…

  • Central Bank of Sri Lanka Issues New Coins for Year 2019

    Central Bank of Sri Lanka Issues New Coins of Rs. 10, Rs. 5, Rs. 2 and Rs.1 made of stainless steel for the transection from 1st January 2019. Now you can obtain these coins from any commercial bank branch and can be used for payments amongst other currency notes and coins in circulation. Reasons for…

  • ‘Big Bad Wolf’ World Largest Book sale held in Sri Lanka from June 28 to July 8 at SLECC

    For the second successive year, the worlds biggest 24-hour book fair ‘Big Bad Wolf’ will take place from June 28 to July 8 at the Sri Lanka Exhibition and Convention Centre {SLECC). One of Sri Lanka’s foremost recruitment agencies. B-Connected will partner with Big Bad Wolf to assist the staff of different categories to man…

  • Spot fines for motor traffic related offences

    The Transport and Civil Aviation Ministry has introduced spot fines for range of motor traffic related offences instead of prosecuting at the court. The ministry issuing a Gazette Extraordinary has stipulated spot fines Hinging from Rs. 500 -Rs.3,000 for selected offences which previously required the institution and carrying on of legal proceeding in a court…

  • Sri Lanka’s first pharma zone to open with US$ 10 million investment

    I The Stale Pharmaceuticals Manufacturing Corporation of Sri Lanka (SPMC) and Pharma Zone (Pvt) Ltd entered into an agreement on January 8, 2018, to build the first ever exclusive pharmaceutical manufacturing zone of Sri Lanka at Welipenna in the Kalutara district with an investment in excess of US $ 10 million. Pharma Zone (Pvt) Ltd…

  • 2.116 Million Tourist Arrived to Sri Lanka in Year 2017

    Tourist arrivals to Sri Lanka reached an all-time high of 2,116,407 in 2017 according to the latest data released by the Sri Lanka Tourism Development Authority. The arrival figure for 2017 represents a 3.2 growth or 65,595 more arrivals over the preceding year when the figure crossed the 2 million mark for the first time.…

  • Establishment of Scheduled Airline Operations for Domestic (Passenger) Air Services based in Sri Lanka – Expressions of Interest Called

    National agency for public-private partnership, ministry of finance and mass media in conjuction with ministry of transport and civil aviation, request for expressions of interest (EOI) for Establishment of Scheduled Airline Operations for Domestic (Passenger) Air Services based in Sri Lanka . Expressions of interest (EOI) are called from local and international business enterprises having…

  • No one can run Cable TV and Direct-To-Home Satellite TV Service without licence

    Telecommunications Regulatory Commission of Sri Lanka made a Notice to Cable TV and Direct-To-Home Satellite TV Service Providers. In terms of Section 17 of the Sri Lanka Telecommunications Act No. 25 of 1991 as amended “No person shall operate a telecommunication system in Sri Lanka except under the authority of a licence granted by the…

  • Proposed Colombo LRT (Colombo Metro Service) Plan and Routes

    Megapolis and western development ministry announces a their proposed Colombo LRT plans. The proposals to establish seven LRT lines in order to ease traffic congestion in Colombo and the suburbs such as below, Kollupitiya to Maradana via Bambalapitiya, Boralla and Union Place (14.8km) Colombo Fort to Peliyagoda via Maradana and Mat-takkuliya (11.5km) Dematagoda to Bambalapitiya…

  • Loan scheme for electric three wheelers

    three-wheeled autos are replaced soon with environmental friendly electric three wheelers under the Enterprise Sri Lanka: Blue Green imitative. Sri Lanka’s 1.5 million three wheeler drivers will get an opportunity to become owners of brand new electric three wheelers under a scheme proposed by Minister Mangala samaraweera’s budget in Parliament on Thursday. It has proposed…