Sri Lankan Airline Suspend flights to Paris & Frankfurt

SriLankan Airlines will suspend flights to Frankfurt and Paris. Accordingly, the last flight between Frankfurt and Colombo will be on October 30, and the last flight from Paris to Colombo on November 6.

Sri Lankan Airline publish a statement stated that the Government of Sri Lanka has made it clear that it will no longer fund continuing losses…the route network is being continuously evaluated in the context of changing market dynamics in order to maximize on sustainable routes which bring in more contribution towards the bottom line. It said that while the drop in fuel prices had contributed to improved performance, that benefit was significantly eroded with the airline’s revenue for the financial year ending 2015/16 declining when compared to the previous year.

And it stated that the particularly by Middle Eastern carriers, accompanied by a drop in airfares in European markets has seen the contribution of the European network drop in comparison to the other routes, and it has been further exacerbated by the depreciation of the Euro against the Dollar.”

however SriLankan operates daily flights to both Doha and Abu Dhabi and has a strong code share relationship with Etihad and Qatar through which it will continue to provide onward connectivity to the European destinations it has been serving via Paris and Frankfurt. And London will remain the Airline’s gateway to Europe, where the Airline has deployed its state-of-the-art A330-300 fleet for daily non-stop operations, providing a greater comfort and an enhanced flying experience to its passengers.

Nurse Job in UK for Srilankan Nurses

Health Minister Dr. Rajitha Senaratne stated to the media that Sri Lankan nurses will be trained at the British Council and provided jobs in the UK, He further said that arrangements have also been made to provide jobs for nurses in the US, through a private nursing faculty.

Minister assure that the nursing faculty will be establish in Sri Lanka at a cost of Rs. 12,500 million for educating and provide international standard qualification to Sri Lanka Nurses.

As now Sri Lanka has recorded the highest foreign currency earning from remittance of domestic workers who works in aboard. If Sri Lanka is focusing to offer a professional services to aboard, then the foreign currency income will increase and it will support to the sri lanka economy.

But in overall the Sri Lanka Government should develop new policies to take care the workers who traveling aboard for works.

Life Expectancy of Sri Lanka has increase to 72 & 78.6 in 2016

Department of Census and Statistics announces that the life expectancy of Srilankan males and females has increased since 2001. The new life expectancy of Srilankan male is 72 years and female is 78.6 years which were 68.8 and 77.2 in 2001.

it is observe srilanka is emerging towards elder generation and it is government responsibility to improve the health care and elderly support services for the new segments.

Mihin Lanka Losses accumulated Rs. 17 Billion by Now

Finance Ministry stated that the state run airline Mihin Lanka has recorded a loss of Rs. 17 Billion over its 7 years operation.
Finance Ministry said it had been given a Rs. 15 Billion letter of comfort in 2015 to continue its operations and the ministry is expected to reduce losses to Rs. 938 million, from Rs. 1.48 Billion in last year.

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.

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  • Foreign Exchange Earners Accounts (FEEA)
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  • Board of Investment of Sri Lanka Approved Companies
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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.

 

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

Maradana to Battaramulla Train Service about to start in January 2016

The newly proposed Maradana to Battaramulla railway line hoping to reduce heavy traffic from maradana, boralla, rajagiriya and battaramulla. The government is considering its options in obtaining financial support from Asian Development Bank (ADB) to construct a new railway line from Maradana to Battaramulla.

Official stated that government is planning to negotiate with the Asian Development Bank in January about the project. Initially, ADB informed that they would support the project, but the it is necessity to clarify the exact nature of assistance and finalize the agreement.

The feasibility study on the construction of a 10km railway line would be based on the recommendations of a steering committee which had been appointed with the participation of the Transport Ministry, Sri Lanka Railways and Urban Development Authority officialsand the railway project would cater to over 20,000 government servants who travel to and from Battaramulla daily as most of the government institutions are now located in Battaramulla.

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.

Government loan for Samurdhi Officers

Social Empowerment and Welfare Minister S. B. Dissanayake stated that all officers in the Samurdhi scheme are entitled to receive an instant Rs. one million (Rs. 10Lakh) loan from the Samurdhi Fund. The Samurdhi Fund has exceeded Rs. 100 billion and all the Samurdhi officers can obtain a Rs. 1 million soft loan.

Samurdhi officers can utilise this soft loan for house constructions, other development activities or to settle a loan, which they have already obtained.

National Botanical Gardens earns record revenue

The Department of National Botanical Gardens recorded a revenue of Rs. 200 million from foreign and local tourists within the last six months. Nearly 935,000 local and 180,000 foreign tourists had visited the Botanical Gardens maintained by the Department at Peradeniya, Hakgala, Gampaha, Avissawella and Hambantota.

Solar Pumping Motor Systems for Farmers – from Micro PC System

Micro PC System introduces a green concept from the agricultural industry with wild life and Business industries and home Gardens, the company introducing Solar Pumping System at an affordable cost.

The System can be applied to many occasions such as People & Animal Drinking water in remote areas, Farmland Irrigation, Desertification control, Swimming Pools and City Landscape water use.

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For more details contact to Micro PC System on 077-3076409 or see below image

Solar Pumping Motor Systems for Farmers – from Micro PC System
Solar Pumping Motor Systems for Farmers – from Micro PC System

S. Thomas’ Preparatory School Kollupitiya Admission for Grade 1 in January 2016

Vacancies exist ONLY in GRADE ONE Sinhala and Tamil Media. Boys seeking admission should have completed FIVE YEARS of age on 31.01.2016.

Application forms are available at the School Office on any school day between 7.45 a.m. to 1.45 p.m. commencing from March 18th to 25th March 2015.

The cost of an application form is Rs. 500/-.

The purchase and submission of an Application Form shall not guarantee admission to the School.

All duly perfected forms must reach the headmaster on or before Tuesday 31st March 2015

Or see below image

S. Thomas' Preparatory School Kollupitiya Admission for Grade 1 in January 2016
S. Thomas’ Preparatory School Kollupitiya Admission for Grade 1 in January 2016

Foreign Currency Exchange ATM now at Sampath Bank Galle Super Branch

Sampath Bank’s newest Foreign Currency Exchange ATM serves you in Galle 24 hours a day 365 days of the year with the best rates for your American Dollars and Euros. Apart from the ability to convert foreign currency to rupees this new ATM is also capable of serving you with all other standard features and services of an ATM.

No. 05, Wakwella Road, Galle

Foreign Currency Exchange ATM now at Sampath Bank Galle Super Branch
Foreign Currency Exchange ATM now at Sampath Bank Galle Super Branch

Amana- Candor Shariah Balanced Fund – Annual Dividend for Year end 2014

Candor Asset Management (Private) Limited announces a dividend of Rs. 1.00 per unit to the Unit Holders of Amana – Candor Shariah Balanced Fund whose names appear in the unit holder register as at 10th March 201 5.

Candor Asset Management (Private) Limited and the Shariah Supervisory Council of Amana Capital Limited hereby inform all Unit Holders of Amana – Candor Shariah Balanced Fund that the declared dividend of Rs. 1.00 per unit has been purified for non Shariah compliant income.

The following disclosure is made in respect of this dividend distribution

Dividend per unit Rs. 1.00
Net Asset Value per unit before the dividend Rs. 1.74/-
Net Asset Value per unit after the dividend Rs. 10.74
Dividend declaration date 10th March 2015
XD date: 11th March 2015
Payment date: 11th March 2015

 

For more details see below image for more details or contact to Candor Asset Management (Pvt) Ltd

Level 8, South Wing Millennium House, 46/58, Nawam Mawalha, Colombo 02

Tel: 011 2359 100

Amana- Candor Shariah Balanced Fund – Annual Dividend for Year end 2014
Amana- Candor Shariah Balanced Fund – Annual Dividend for Year end 2014

Ratmalana Airport to be used for more civilian transportation related to tourism

The government has drawn attention to utilize Ratmalana airport for inland civil passenger transportation. Ports Shipping and Aviation Minister Aijuna Ranatunga said.

The government will look into possibilities to carry out inland passenger transportation from Ratmalana airport as far as such activities do not affect the national security, Under this, flights will be operated to inland destinations such as the North and East. South and a few other tourist destinations.

Aviation authority has already discussed to conduct flights to tourist destinations with inland tour and airline operators. However, priority will definitely be given to the national security since it is above all other activities.

Work on Colombo-Kandy highway to start soon

Construction work on the Colombo-Kandy highway will begin immediately, Road Development, Higher Education and Investment Promotion Minister Kabir Hashim who was speaking in Parliament informed that government would start construction work on the Colombo-Kandy highway soon.

The Minister said the matara-Beliatta-Hantantota stretch of the Southern Highway will also begin soon after negotiations with the contractors He said the government believed that it would be possible to reduce the costs involved in the contract by 30 percent.

Referring to the Northern Highway he said the construction of the road had to be suspended as the work on the project was to begin without awarding contracts in a transparent manner.

Bank of Ceylon Branch to be open in Bangalore in India

Bank of Ceylon is planning to open their second overseas branch in India this year. This will be in Bangalore. The Bank also opened a branch in Seychelles last year. In addition to the local presence, the bank maintains an off-shore banking units in Male, London and Chennai.

Senior banker and BOC General Manager, D M Gunasekara said that overseas branches are highly profitable. The Male branch has gave us a Rs. one billion profit while the Chennai branch which was in existent for over 10 years made a profit in the excess of Rs. 500 million.

Locally the bank has a network of 618 branches, and 534 automated teller machines (ATMs).

More botanical gardens to be established in Sri Lanka by 2016

The National Botanical Gardens Department (NBGD), recently announced that they were making arrangements to establish more botanical gardens in several parts of the country by the end of 2016.

Accordingly, plans have already been drawn to establish six new botanical gardens in Sri Lanka. new botanical gardens are to be opened at various places which have been identified as zones with the highest bio diversity, including Horton Plains. Sinharaja Forest, Nuwara Eliya, Ambangamuwa, Sri Pada and Knuckles Range.

The ‘Seethawaka Wet Zone,’ a new botanical garden of the country, will be opened during the current year at Awissawella on a land consisting of 105 acres, to conserve the threatened Wet Zone flora just after its completion and it would be the fifth botanical garden in Sri Lanka.

Dr Wijesundera said that 81 acres have been developed under Phase I of this botanical garden project and it would be expanded up to105 acres in the near future. He jointed out that the revenue earned by the NBGD during the last year through foreign visitors, have recorded over a 17.2percent increase, compared to 2013.

Nearly 345,470 foreign visitors have visited the four botanical gardens that presently exist last year and in 2013, while the number of foreign visitors amounted to 293,454.

The income incurred last year was over Rs. 4.46 million, while Rs. 3.7 million out of the total income was acquired from the sale of tickets issued to foreigners, the Director General added.

Arrangements are in place to upgrade the newly opened Mirijjawila Botanical Garden with the aim of attracting both local and foreign visitors, as it was found to be attracting a low amount of visitors compared to the three other botanical gardens located in Hakgala, Peradeniya and Henarathgoda in Gampaha.

The Mirijjawila Botanical Gardens was opened after the completion of the first phase and plans are underway to complete the other phases to attract more visitors.

Government to develop a new national policy for tourism industry

Plans are under way to prepare a new national policy for the tourism industry in Sri Lanka, Tourism and Sports Minister Navin Dissanayake said.

Dissanayake said it has been decided to introduce a three year strategic plan related to the new national policy on tourism.

We decided to introduce a new national policy for the tourism industry with the aim of developing the Sri Lankan economy and living standards of the people. We hope to obtain the assistance of all for the success of this. And he said arrangements are being made to launch a special program to grant benefits for people in villages in line with the new policy. Creating new employment opportunities for Sri Lankan youth and making more spaces for village level persons to increase their earnings are the main objectives of this new national policy which is to be introduced to the Sri Lankan tourism industry.

Indian Government will build 4000 houses for plantation workers

The construction of 4,000 housing units for needy families in the Plantation Sector, sponsored by the Indian Government, is slated to begin in March, Estate Infrastructure Development Minister P. Digambaram said.

The minister said the construction of the houses for estate workers in the Central Province and Badulla district will be flagged off next month possibly by Indian Prime Minister Narendra Modi himself during a likely official visit to Sri Lanka.

The 4,000 houses is part of a 50,000 housing project implemented by the Indian Government for the former conflict affected people in the North and East Provinces and needy families working in the estate sector in the Central Province and Badulla district. With a commitment of over US$ 270 million in grants, it is the flagship project of India’s developmental assistance to Sri Lanka. It is perhaps the largest such project undertaken by India anywhere in the world.

Minister Digambaram said around 35,000 houses in the North and East under this project has been already constructed, it was yet to get off ground in the estate sector. The minister also said the delay in implementing the project in the plantation areas was partly due to the inefficiency of the political authority who earlier held sway in the upcountry plantation areas.

The minister said soon after he had assumed office, he had taken steps to hold talks with the relevant officials to speed up the building of houses for needy people in the estate sector.

He said choosing housing recipients will be done in a very transparent manner which ensures that there are no discrimination due to political or other factors.

No more beggars in Sri Lanka trains

The Railway Department of Sri lanka stated to media that they will launch a special program to remove beggars in trains. The program will be launched under the directions of Railway Department General Manager Wijaya Amaratunga, as passengers travelling by trains are inconvenienced due to beggars.

The numbers of beggars in trains are increasing daily and public complaints against them are also increasing. Most complaints are made by passengers travelling in office trains, sources -said.

Railway Department Director Wijaya Samarasinghe said most of those engaged in begging in trains are sham beggars and that immediate steps will be taken to remove them from trains.

 

Central Bank News Alerts on mobile for Dialog Customers

If you’re a dialog customer Type “REG CBSL” Send to 77000 to subscribe to the SMS news Alerts on the Daily Exchange Rates, Sri Lanka Interbank Offered Rates, Open Market Operations, Treasury Bill and Treasury Bond auction, Inflation and Monetary Policy Review issued by the Central Bank of Sri Lanka. Charges: Monthly 30 Rs +Tax

New Board of Directors for the Lanka Hospitals Corporation PLC

Lanka Hospitals Corporation PLC announces their new Directors appointed to the Board of The Lanka Hospitals Corporation PLC, effective from 3rd March 2015.

  • Sarath Paranavitane as an Independent Non Executive Director and the Chairman of the Company
  • Damien Fernando as an Independent Non Executive Director
  • Dilani Lokuhetty as an Independent Non Executive Director
  • Rohan L Wijesundera as an Independent Non Executive Director

Malaysia Keen on Bidding for Northern Highway of Sri Lanka on Build Operate & Transfer Basis

Dato’ Seri S. Samy Vellu who is the Senior-Ministerial ranked Malaysia’s Special Envoy of Infrastructure for India and South Asia attached to the Prime Minister’s Office  have stated that Malaysia is willing  to bidding for the Northern Highway on a Build Operate & Transfer (BOT) basis. We want to do a good job if we get it. Even on the 1,100 Km Kuala Lumpur highway there were only a few vehicles at first but now a million vehicles are passing through every day.