Bandaranaike International Airport runway overlaying project and its cost

The Bandaranaike International Airport (BIA) runway will be renovated at a cost of US $18 million. Airport and Aviation Services (Sri Lanka) Ltd. Chairman Saman Ediriweera said. Under the project, it has been planned to overlay the runway. The BIA has only one runway and over 950,000 aircraft operations have been carried out since its’ commissioning over three decades.

The runway has been designed and constructed in the mid-eighties to meet the then requirements. The overlaying project will limit to three months from January 5 next year to April 5 and the overlaying work will be carried out from 8.00 a.m. to 4.30 p.m. daily.

During this period no flights will be carried out and airlines are informed to carry out their flight operations from 4.30 p.m. to 8.00 a.m.. Ediriweera said. “After commissioning air traffic, no major rehabilitation work has been carried out to the runway.

Therefore, the International Civil Aviation Organisation (ICAO) has recommended an overlaying of the runway to improve runway surface condition for safe operations of aircraft.” he said. In line with the overlaying of the existing runway, several airport sector development activities such as overlaying of parallel taxiways, connecting taxiways, design of new rapid exit taxiways (RETs) and by pass taxiways, installation of new airfield ground lighting (AGL) system and modification of existing apron will be carried out.

All these moves are being taken to handle a further nine million passenger per annum aiming to cater to the ever increasing passenger volume in the region. With the BIA development project being carried out in three stages, the passenger handling capacity of the BIA will be enhanced by further nine million passengers per annum and on completion, the total passenger handling capacity of the airport will be increased to 15 million passengers per annum.

~NEWS~

Palaly Airport develop by Indian Government

The Indian government’s assistance has been sought to develop the Palaly Airport, said Development Strategies and International Trade Minister. The minister said Cabinet would take a decision on the airport in the next 2-3 months. India has been engaged in various development projects.

~NEWS~

 

What Are the Benefits of Solar Power to Business?

With the continuously increasing demand for electric power, the significantly high price of oil and the growing concern for the environment, many businesses are resorting to alternative sources of energy. Among the renewable energy sources, solar energy is a sustainable choice and’ one that can be used in various applications. Many businesses are now tapping into this alternative source of energy, hoping to benefit from its numerous advantages.

Reduced Operating Costs

Solar power systems will reduce or even eliminate your office building’s electric bill. For big and small businesses, this money savings can have a tremendous impact. Having a solar power system installed is the equivalent to prepaying for almost 40 years of energy, but at just a fraction of what you are currently paying for electricity. The cost per unit of your current energy costs is likely much higher than what you would spend for solar power. This results in further savings for your business.

Good Return on Investment

Government incentives and the decrease of solar equipment costs mean the utilization of solar power is a sound investment and a good financial decision for public agencies and businesses. Investing in solar power generates both long-term savings and quick payback.

Maintenance-Free &Amp; Reliable

Once installed, a solar power system will require little or no maintenance at all. Most especially if there are no batteries being used. The system will provide electricity quietly and cleanly for 25 to 40 years. Many solar panels carry a 25years Warranty.

Earning the Green” Label

Utilizing electricity from solar power will result in reduced consumption of fuels, thus reducing greenhouse gas emissions and pollution. By using this alternative source, any business or company can express its participation in the battle against global warming and can reduce the country’s dependence on foreign sources. Going green will not only reduce operation expenses but will serve as a great PR and marketing tool. Having an environmentally responsible image is good for any company. as it can generate a positive response from consumers.

~NEWS~

India Looking forward to invest on Trincomalee Oil farms and renewable energy

Over USS2 billion investments from India is envisaged within the next three to four years, said Indian Minister for State Commerce and Industry of India. She said that these investments would be in oil farms in Trincomalee, renewable energy, infrastructure and in other new areas of business.

Indian and Sri Lankan relations are now at its best and there are more investors who want to invest in Sri Lanka. They are looking for more opportunities here, she emphasized. She further stated that the Indian Petroleum Corporation together with Lanka Indian Oil Corporation would invest in the Trincomalee oil tank farm.

~NEWS~

Tourism will be highest foreign exchange earner in 2020

The Finance Minister has agreed not to impose any taxes any further on the Tourism Industry, disclosed Tourism Minister.  And the government will also explore the possibility to provide duty free concessions in the direction of refurbishment of old hotels.

The minister also stated to media that he instructed to Sri Lanka Institute of Tourism & Hotel Management to double up the intake of students and train them to cater to the increase of rooms by 45,000. And increase the emoluments of his staff in order to absorb quality staff even from abroad.

Hoteliers must help to fill in the void by coming up with their own training programmes to get out of this difficulty, the Minister insisted. “In house training is what matters not at the classroom. That is where you can come in and contribute to the development of trained staff in the hotel industry,” the Minister cautioned.

He further state that there were new trends in tourism with the development of religious tourism, agriculture tourism and medical tourism in which Sri Lanka can make inroads. The Minister said a foreign company had expressed their willingness to fund a huge convention center in Sri Lanka which could host 5,000 delegates. He said the Japanese were going to take over the entire development of Trincomalee and in Hambantota, the Chinese are asking for 15,000 acres to set up their enterprises.

By 2020 the Tourist Industry could be able to bring the highest amount of foreign exchange to Sri Lanka.

New Cigarette Prices in Sri Lanka

After the recent tax impose into a tobacco products the Ceylon Tobacoo Company announces their new places as below,

Brand Price per cigarette Price per 12’s Price per 20’s
Dunhill Switch Rs. 45/-   Rs. 900/-
Dunhill Blue (Dunhill Tube Filter Blue) Rs. 45/-   Rs. 900/-
Dunhill Grey (Dunhill Tube Filter Grey) Rs. 45/-   Rs. 900/-
Benson & Hedges Rs. 45/-   Rs. 900/-
John Player Gold Leaf Click Rs. 43/-   Rs. 860/-
John Player Gold Leaf Special Rs. 42/-   Rs. 840/-
john Player Gold Leaf Rs. 42/- Rs. 504/- Rs. 840/-
Bristol Original Rs. 28/-   Rs. 560/-
Bristol Gold (Limited edition) Rs. 30/-   Rs. 600/-
Capstan Rs. 20/-   Rs. 400/-

For more details see below image

New Cigarette Prices in Sri Lanka
New Cigarette Prices in Sri Lanka

Dialog Axiata looking forward for a acquisitions in Sri lanka

Axiata Group Berhad Malaysia Chief Corporate Officer, Idham Nawawi said, Axiata is keeping our options open with regard to acquiring of another mobile operator in Sri Lanka, he further said he strongly believes a country like Sri Lanka should have only three players instead of five. And Axiata looking forward a good offer to take over a company.

Further he stated that the Axiata Group is closing on a deal to acquire Indian based Bharti Airtel In Bangladesh and thought of entering to Nepal and Philippines if there is a good proposition. But it doesn’t have an idea of entering to china and compete with China mobile which is largest in the world.

How to check my name in Voters list or not? Check now on Online

The Department of Elections has made a new facility to check your eligibility of vote by online, Yes for the first time in Sri Lanka you can check whether your name is in voters list or not. If your name is not in list you can report a complain online and rectified your voting rights too.

it’s a great facility for you to get to know is your name correctly recorded in voters list or check out is your name has been registered in wrong location.

This facility available only on http://eservices.elections.gov.lk/

How to check my name in Voters list or not Check now on Online
How to check my name in Voters list or not Check now on Online

Cigarette Prices go up by another Rs. 5/- sooner

Health Minister stated to the media that a Cabinet paper proposing to increase the price of a cigarette by Rs. 5 and the VAT on cigarettes upto 15% would be presented to Cabinet sooner.

It is learn that the Cabinet sub-committee that had been appointed to implement a proposal to increase the tax levy on tobacco companies to 90 per cent had recommended that the price of a cigarette be put up by Rs 5 and to increase VAT levy on cigarettes to 15%.

Solar Power and Wind Power replace Coal Power Plant in Sampur – Secretary to the Ministry of Power and Renewable Energy

The Secretary to the Ministry of Power and Renewable Energy stated to the media that President Maithripala Sirisena had held talks with Indian Prime Minister Narendra Modi, and together they had agreed to put a stop to the construction of the project in Sampur. Subsequently, the Indian government had extended willingness for a wind power plant instead of a Coal Power Plant in Sampur.

And the villagers in Sampur stated to the media that they were not against the setting up of a solar power plant or a wind operated power plant instead of the proposed coal power plant which was recently ordered to be stopped owing to environmental concerns. And they further stated that they believed that setting up a solar power plant or a wind power plant would not have a negative impact on the environment that a coal power plant would have had, just because they were opposed to the coal power plant coming up in Sampur, they were not against the development projects carried out by the government.

It’s a good movement by the government of srilanka to looking forward with renewable energy options than the coal power plant options. But the huge question ahead is how government is going to solve energy requirement of country in long run.

5021 Teachers Vacancies from 1108 schools in Eastern Province of Sri Lanka

EPC Chief Minister Ahamed Nazeer Zainulabdeen said that there were 5,021 teacher vacancies for 1,108 schools in the Eastern Province at present. There are 1,530 teaching vacancies for Mathematics, Science and English, he said.

He further said he hope to appoint 390 teachers to teach Mathematics, Science and English. And try his level best to fill up the remaining vacancies within the educational budget of Rs. 7.5 Billions which allocated for Eastern Province education.

How many Three Wheelers in Sri Lanka?

It is everyone’s question that how many Three-wheelers are in Sri Lanka? the answer is 1.06 Million (1,062,447) as now (Year 2016).

In Sri Lanka total automobile are 6.3 Million, of which 3.3 Millions are Motor cycles and 1.06 millions of three wheelers. The motor Traffic department stated that around 4.3 Million out of 6.3 Million vehicles are always on the move.

Due to the gradual increment of tricycles registrations in Sri Lanka; Ministry of transport launched a programme to provide special licensees for three wheeler taxis along with proper training in road discipline, accident prevention and first aid.

Technological city Project Launched at Pitipanna, Homagama

The laying of the foundation stones for the first stage of the technological city planned under the Western Megapolis Project and the opening of the Nano Investigation Laboratory took place under the patronage of Prime Minister Ranil Wickremesinghe at Pitipana, Homagama.

Foundation stones were laid for five technological centres including a national science centre, a satellite centre and technological universities.

Moratuwa and Sri Jayawardenapura Universities and the Arthur C. Clarke Centre are scheduled to launch science and technology projects affiliated to the proposed National Science Centre.

The Urban Development Authority will provide 25 acres each for building the three universities and 10 acres each to the other technological institutes.

The Sri Jayewardenepura University will invest Rs. 7,500 million, Colombo University Rs. 2,096 million, Science and Technology Ministry Rs. 3,000 million and the Sir Arthur C. Clarke Centre will invest Rs. 1,700 million during the first stage.

A total of 1,000 acres have been allocated for the Technological City and the UDA is presently involved in the acquisition of land for this purpose.

The land area covered by the entire project is 1,200 acres. It is planned to build a four lane road complex to Uduwana from the Makumbura exchange of the Southern Expressway to facilitate the development of infrastructure facilities at the Technological City.

Colombo Light Rail Transit Project will starts soon

The Cabinet has approved the proposal by the Megapolis Project to introduce a Light Rail Transit (LRT) system for mass transit in the Western Province. While the long term plan developed by the Megapolis team includes an LRT network of approximately 75kms. The initial investment is to cover around 25kms, connecting Fort, Kollupitiya, Bambalapitiya, Borella, Maradana, Rajagiriya, Battaranmlla and Malabe.

The LRT system is also expected to interconnect with the rail and bus networks to provide part of an integrated solution. The government will looking for financing from Japan for the LRT. The Megapolis transport strategy places a sharp focus on improvement of mass transit. The overall plan includes introduction of a light rail system, electrification of railways, modernisation of the bus transportation system as well as an introduction of canal transport. It also includes the implementation of some immediate measures such as introduction of CCTV monitoring to strengthen enforcement, introduction of staggered working hours, synchronisation of traffic.

Light rail, also referred to as light metro, is a proven I technology used in many countries as the preferred mode of mass transit. It forms the backbone of transport networks in Bangkok, Kuala Lumpur, New Delhi, Calgary, Gold Coast, Dallas, Los Angeles and many other major cities worldwide.

Sinhala Aluth Avurudu Litha 2016 –Sinhala Tamil New Year Auspicious Times 2016

The New Moon

The new moon can be seen on Friday the 08th of April and on Sunday the 08th of May

Bathing for Old Year

Bathing for old year falls on Wednesday the 13th of April

Dawning of the New Year

New Year will dawn at 7.48pm on Wednesday the 13th of April

Punya Kalaya

Punya kalaya begins on Wednesday the 13th of April at 1.24pm and Thursday the 14th of April at 2.12am

Preparing of Meals

Preparing meals for the New Year should begin at 8.06pm on Wednesday the 13th of April

Trading and First Meal of the New Year

The tradition of trading and consuming the first meal of the New Year is to be done at 8.54pm on Wednesday the 13th of April

Anointing With Oil

Anointing the head with oil is set for Saturday the 16th of April at 10.41am

Leaving for Work

Leaving for work in the New Year is set for 6.27am on Monday the 18th of April

 

Maximise your Dollar Investment with US$ 150 million Sri Lanka Development Bond

First Capital Treasuries PLC invites potential investors in Sri lanka and aboard to invest on US$ 150 million Sri Lanka Development Bond. This Sri lanka Development Bond is a Risk – free, Tax – free, Higher rates than bank deposits and  its available for the period of 3Months, 6 Months, 1Year and 2 Years.

Eligibility Criteria:

  • Foreign Citizens & Entities
  • Non – Residents of Sri Lanka
  • Sri Lanka Dual Citizens
  • Non – Resident Foreign Currency (NRFC)
  • Resident Foreign Currency (RFC)
  • Resident Non – Nationals Foreign Currency (RNNFC)
  • Foreign Exchange Earners Accounts (FEEA)
  • Authorised Dealers in Foreign Exchange
  • Primary Dealers in Government Securities
  • Board of Investment of Sri Lanka Approved Companies
  • Specified Insurance Companies
  • Licensed Specialised Banks and Licensed Finance Companies
  • permitted to accept foreign currency deposits

Now open for subscription through First Capital Treasuries PLC Contact: +94 11 2639881, 2639889, 2639885

For more details see below image

Maximise your Dollar Investment with US$ 150 million Sri Lanka Development Bond
Maximise your Dollar Investment with US$ 150 million Sri Lanka Development Bond

New Rules for Whales and Dolphin watching in Sri Lanka – Department of Wildlife Conservation (DWC)

The Department of Wildlife Conservation (DWC) said it would impose new rules and regulations for visitors with the purpose of regulating whale and dolphin watching in Mirissa.

The official personal stated that the new laws and regulations would implement to safeguarded the whales and dolphins from the visitors. He further said that Department of Wildlife Conservation (DWC) taken this rule after receiving many complains that some visitors had caused impact on animals by going too much closer to them and this rule would be impact from the nest whale watching season of August 2016.

 

Sri Lanka Electricity Board Emergency Number: 1987

The Ceylon Electricity Board had activated a new hotline number of 1987 from any telephone lines, this hotline would cater to all your problems of electricity power failure, blackout, electric shortage and all other electricity issues.

This Hotline Number have been announces after the several issues face by public to calling to electricity board when the country came under blackout situation in recent past.

New Airports to build in Sri Lanka

Ministry of Transport and Civil Aviation said an airport was to be constructed in Haputale under a scheme to develop domestic air travel in the country very soon. As per the budge reading there are 4 new airports to be build in Srilanka for focusing more into tourism and local transport. Such as Haputale, Puttalam, Hinguragoda and Kandy.

As stated, above 4 highlight locations are main attraction of tourist itinerary, therefore the government is more focus to setting up these airport to boost the tourism segment in Sri Lanka to handle 4 Million travelers by 2020.

The airport would consist of a brand new airport terminal and a runway which would measure 1.2 km in length and 75 m in width. The cost of the project was estimated to be in the region of Rs. 700 million. The airport would be a boon to the area frequented by tourists, both local and foreign who visit Ella, Bandarawela, Nuwara-eliya, Badulla and Diyathalawa.

But in most common observation, only a small portion of the tourist are using the air travels between the domestic locations and majority of the tourist arrive is sort of budget tourist; who likes to explore srilanka at low cost and get more experience.

Therefore as my thought is about to improve the road transport such as improve the quality of roads and introduce new discipline government Buses (SLTB), increasing number of trains between the main destinations, create new railway lines to cover all over sri lanka to cater faster train service and introducing metro in main cities to avoid traffics in urban.

But in overall, all these development programme would be cost to government and increasing more financial burden to Srilanka for short term.

List of Airports in Sri Lanka

City Airport Code Airport Name
Koggala KCT Koggala Airport
Minneriya MNH Minneriya Airport
Wirawila WRZ Wirawila Airport
Kandy KDW Vic Resevour Kandy Airport
Trincomalee TRR China Bay Airport
Gal Oya GOY Amparai Airport
Colombo CMB Bandaranayake Airport
Sigiriya GIU Sigiriya Slaf Base Airport
Katukurunda KTY Katukurunda Slaf Base Airport
Dambula DBU Dambulu Oya Tank Airport
Hatton NUF Castlereigh Reservoir Airport
Dickwella DIW Mawella Lagoon Airport
Bentota River BJT Bentota River Airport
Ampara ADP Ampara Airport
Batticaloa BTC Batticaloa Airport
Hingurakgoda HIM Hingurakgoda Airport
Mahaweli KDY Mahaweli Airport
Ampara AFK Kondavattavan Tank Airport
Katugastota KDZ Polgolla Reservoir Airport
Kelaniya KEZ Kelaniya River Airport
Jaffna JAF Kankesanturai Airport
Anuradhapura ACJ Anuradhapura Airport

 

New Terminal Building to construct for Bandaranaike International Airport

Transport and Civil Aviation Ministry Nimal Siripala de Silva said a new terminal building will be built at the Bandaranaike International Airport (BIA) at a cost of Rs. 65 billion. He further state that the present terminal building can accommodate only six million passengers. Where the BIA capacity is not sufficient to handle all passenger movements and air freight as last year alone there had been over 8.5 million passenger movements. That is why the government planned to construct a new terminal building for the airport.

He said accommodation facilities should be improved to attract tourists to the country and If we do not follow international standards in building airports and improving facilities according to passenger demands, airlines will not come to Sri Lanka.

And he further state the existing runaway will repair at a cost of Rs. 200 million while new runaway will be constructed at a cost of Rs. 8 billion as there is a necessity of a new runaway to accommodate more aircraft.

University of Colombo MBA Alumi Budget 2016 – Discussion with Finance Minister Hon. Ravi Karunanayake

The MBA Alumi Association University of Colombo organized a forum of Budget 2016 with the Finance Minister, Hon. Ravi Karunanayake & key industry leaders at the Post-Budget forum. Take part of this forum and knew unseen background of Budget 2016 and thoughts of industrial leaders.

Date: 24th November 2015

Time: 9am to 12pm

Venue: Hotel Galadari

Ticket Price: Rs. 3,500/-

This would usefull for businessmen, Financial analyst and those who key concern on budget 2016.

For more details contact to The MBA Alumi Association University of Colombo on 0772 224 994 or see below image

University of Colombo MBA Alumi Budget 2016 – Discussion with Finance Minister Hon. Ravi Karunanayake
University of Colombo MBA Alumi Budget 2016 – Discussion with Finance Minister Hon. Ravi Karunanayake

SriLankan Airline New Business Strategies of MRO and Domestic Flight services

SriLankan Airlines will negotiate with an Asian based air service company to begin a Maintenance, Repair and Overhaul (MRO) centre at the Mattala airport in Hambatota.

SriLankan Airlines Chairman Ajith Dias states proposal for an MRO at the Mattala international airport was in the pipeline for several years but it never got off. We are now in talks with an Asian counterpart to get this project of the ground at least now and this MRO will help the bottom line of the airline to a great extent as they could harness big business due to SriLankan Engineering’s track record.

He further said Srilankan Airlines are going to re-evaluate to begin domestic operations next year by acquire two 40 seater aircraft for this operation and hope to operate regular flights to selected domestic airports out of total 12 domestic airports in Sri Lanka. and with increased tourism we see great potential in this project.

Commenting on the re fleeting of the airline by the end of this year they will have seven new aircraft increasing the total fleet to 20. In the next two years we will get eight more. Subsequently all ageing A340 aircraft will be retired and Sri Lankan will have a fleet less than 3 years of age. All these aircrafts will be for SriLankan Airlines and not for Mihin.

With the new aircraft the national carrier will add more frequencies to key destinations. The airline may not look at new routes but will increase frequencies to existing destinations that include China, London and India.

Korean company keen to start Mega City project in Sri lanka

Top officials from one of the world’s leading township developers, Korea Land and Housing Corporation were in Sri Lanka looking for a township development project to the value in excess of USS 5 billion.

The team met senior officials of the Megapolis Authority last week and informed that they are here on a fact finding mission to build a mega township development project which would be one of the biggest in South Asia.

The official said We are keen to create a new city in the Western Province in an area of around 300 hectares of land. He further said that with the new political developments, Korea Sri Lanka relations have reached a new dimension and they were also very impressed with the concept of Megapolis. This is the new trend of the world and we are happy to note that this is being followed by Sri Lanka even at this late stage.

The official said that they would clear the given land and have modem infrastructure in place for a ‘Mega City’ and then invite Korean and other investors from around the World to build housing, recreation, commercial and other facilities in it.

The company, then plans to link the proposed ‘City’ with a speed train which too would be included under the project. And ministry also said that they have similar projects located 50 km off the capital and they are connected with a speed rail link. Due to this link a resident in the ‘Township’ could get to the Capital in less than 20 minutes.

He said this proposed ‘Mega City’ would be self sufficient in every need of a modem population. ‘The project would have its own sewerage and garbage clearing system. They would also generate electricity from this waste and give it back to the Mega City.”

“Security too would be a prime concern and special cameras would be installed to even track each vehicle entering and departing. This would be based on vehicle registration number plates.”

Another first for Sri Lanka would be the special bus and speed train service where the station and the bus stand would have the route, arrival and departure times of each bus/train on a digital screen. He also disclosed that Indian Prime Minister, Narendra Modhi too had requested them to build six similar models in India and they are currently engaging this.

Sri Lanka is to face huge traffic near soon and suggestion to avoid traffic in Colombo

Motor Traffic Department of Sri Lanka has made a statement stated that they received 491,628 vehicles registration for first 8 months of this year.

Last year first 8 month vehicle registrations were 429,556 and it has increase by 14.45% over the year.

The highest numbers of vehicles registered this year were motorbikes and three-wheelers, which are 243,165 Motor Cycle registrations and 84,592 Motor Cycle Registration. In the meantime, Finance Minister Ravi Karunanayake said made a statement that the maximum loan-to-value ratio for vehicle leasing has been increased from 70 to 90 percent from4th October 2015.

Gradual increment of the vehicle registration shows, the country’s urban cities and sub-urban would face a huge traffic in near future. It is government responsible to develop a proper transportation infrastructure such as below,

Improve Public transports of Buses (SLTB and Private)

SLTB ultra luxury passenger bus
SLTB ultra luxury passenger bus

Government should taken steps to improve their SLTB bus services into Normal and comfortable ultra luxury passenger bus at an affordable cost. They could run their SLTB ordinary bus service at low price as usual and ultra luxury passenger bus at premium price.

This would help the SLTB to improve their standard and makes Profitable venture into Government Sector,

Proper Time Schedule for Buses

If the Transport ministry could taken steps to improve timely services for Buses and control the bus movement by GPS and makesure same route buses would be compete at any given time. If any bus drivers drown over speed or misbehave with passengers should be fined and taken action against to them.

Improve Train Services

Government should take actions to improve Train service between main cities and urban rail service on demand. Still many of working crowed has using train transport to reach their work place on time, if government could offer frequent train services with much comforable in peak time, many people would not considered to by a vehicle on their own.

Introduce Metro Rail Services

there were some rummer articles state that government is planning for metro services within western provinces and it stated that the Metro is from Negombo from North to Panadura to South and Kottawa from West to hub at Fort Colombo.

If that news was not rummer, this would be great help to avoid Colombo traffic and this would help to save millions of dollars as fuel and time.

In overall Sri Lanka need an ultimate transport solution to avoid traffic in city, unless we may face huge problems when Srilanka reaches 2.5 Million Tourist arrival in 2020.

Better Transport system will make Better Eco Friendly Sri Lanka to cater many industry in near future.

Lets Develop Sri Lanka

Commercial Bank open its new Bank services in Maldives

The Commercial Bank of Ceylon PLC has announced It is plans to extend their services to the Maldives following the receipt of regulatory approval.

Commercial Bank of Ceylon PLC is a Sri Lanka’s largest private bank  have obtained an approval from both the Maldives Monetary Authority and the Central Bank of Sri Lanka to set up a Commercial Bank of Ceylon PLC  banking subsidiary in the Maldives. This would be name as Commercial Bank of Maldives Pvt Limited and Commercial Bank of Ceylon PLC will invest 55% of stake and balance will own by leading group of Maldivian companies.

The bank start focusing into a new regional expansion after successful operation in Bangladesh, which entered in 2003, and Myanmar in June 2015.

Commercial Bank of Ceylon PLC  is enter to Maldives with single branch at male and increase their presence and increase upto 3 branches in near future and The Bank is to offer Mobile Units and ATM service at a strategic locations and the bank is willing to offer range of services like savings and current accounts, fixed deposits, personal loans, housing loans, credit cards, overdrafts, commercial loans, trade financing services, internet banking, mobile banking, remittances and foreign exchange.

Bus Fare for Kadawatha to Matara by Express Highway

Kadawatha to Galle – Rs.400/-

Kadawatha to Matara – Rs. 500/-

Sri Lanka Transport Board (SLTB) formally known as CTB operaing luxury buses from Kadawatha to Matara from today 17th September 2015.

Buses will be start from every hours to Matara and Galle from 6.30 in the morning. The bus fare will be Rs 400 per person to Galle and Rs. 500 per person to Matara.

There are buses will be commence from the Kadawatha bus stand and stop at Galle and Matara bus stands respectively.

Free Wi-Fi around Colombo – Now Viharamahadevi Park covers Free WiFi

The Colombo Municipal Council (CMC) had taken measures to install a Wi-Fi zone at the Viharamahadevi Park to provide free Wi-Fi facilities to people visiting there.

The CMC said the project would be launched toda at the Viharamahadevi childrens theme park. Colombo Mayor A J. M. Muzammd together with chairman of SLT. P.G Kumarasinghe Would be present to inaugurate the Wi-Fi zone to the use of the public thereafter.

The Wi-Fi facility and the equipment for it were provided by the Sri Lanka Telecom (SLT) on a request made to it by the CMC.

The government had previously established Wi-Fi zones at 26 public locations including the Fort Railway Station, Pettah Public and Private Bus Stand, the Pettah Floating Market, Colombo Law College, Colombo Public Library, Dehiwela Zoo, Colombo Racecourse, Colombo Police Headquarters, Galle Face Colombo, Foreign Employment Bureau in Battaramulla and Colombo Museum.

 

4.42% of total Voters were rejected in General Election

Official announce that 517,123 votes rejected on 17th August 2015 General Election held in Sri Lanka, this is due to lack of awareness among voters on the complicated voting process and a large number of candidates.

In overall 3.3 Million voters who doesn’t vote this election out of 15 Million registered voters. The Gampaha district recorded the highest number of rejected votes, with nearly 56,246 votes has been reject.