Category: Business News

  • Durian plantation in Minuwangoda

    The Gampaha District Agricultural directors’ office has commenced a 30 acres Durian Village programme in Mabodala in the Minuwangoda divisional secretariat area. This programme was launched under an island wide fruit village creating programme by the Gampaha, said District Agricultural Director Nelson de Silva. Thirty farmers were trained under this programme and given 150 Durian…

  • Hong Kong Gifts & Premium Fair – 27-30 April 2014 at HKCEC

    The HKTDC invites applications from Srilankan Gifts & Premium enterprises to participate on upcoming Hong Kong Gifts & Premium Fair on 27th to 30th April 2014 at Hong Kong Convention and Exhibition Centre. The events with a highlights of More than 4,100 quality exhibitors from 37 countries and regions Hot products at theme zones: iAccessories,…

  • Piliyandala Eco-Park commences

    Constructions on the Eco-park in Kahapola, Piliyandala ceremonially commenced last week with the participation of Botanical Gardens and Recreation Minister Jayarathna Herath and Labour and Labour Relations Minister Gamini Lokuge as Chief Guests. The project was undertaken by the National Zoological Department with the aim of developing tourism. The Eco-park consisting of 77 acres of…

  • European Union provides Rs. 1,700 Million to develop Batticaloa

    The European Union apportioned Rs. 1,700 million for the development of Batticaloa under the guidance of Economic Development Minister Basil Rajapaksa. A meeting, presided by Batticaloa Government Agent P. S. M. Charles, was held to discuss how the funds can be used to develop Batticaloa. The meeting was held at Batticaloa Government Agent’s office. Economic…

  • Interest Free Loan for women Entrepreneurs in Sri Lanka – Budget Proposal 2014

    Women form an integral part of our society, driving its success and sustenance. In view of the undeniably essential role that they play, empowering them with the means to succeed in their efforts is vital. It is indeed heartening to see women realise their true potential through the initiatives of the Government. An interest free…

  • Coconut growing project in Urban areas ( Maharagama Area)

    The Coconut Development and Janatha Estate Development Ministry has launched a special program to grow coconut in urban areas. The aim is for people living in urban areas to obtain coconut for day to day consumption. The first phase of the program commenced at Sri Jayawardhanapura Kotte and second phase commenced at Maharagama. According to…

  • Moratuwa- Egoda Uyana a beach front park by Urban Development Authority

    The Moratuwa- Egoda uyana beachfront development project initiated to provide better facilities to people, especially for children who use the beach for leisure activities, would be completed by May 2014, the Urban Development Authority (UDA) source stated that UDA sources around Rs. 24.1 million has been estimated to undertake the project funded by the private…

  • Mihin loss estimated at Rs.2.2 Billion for this Financial Year

    Mihin Lanka, the state-owned budget airline, is expected to incur an estimated loss of Rs.2.2 billion for the current financial year sourced state, Mihin Lanka, a company established — on a proposal submitted in 2006, has continued to lose billions of rupees since its inception and  though it was even declared bankrupt the government pumped…

  • Colombo Outer Circular – New Express way of Sri Lanka

    Linking all expressways in the country, Phase I of the Outer Circular Highway (OCH) connecting the Southern Expressway to Kaduwela will be declared open on March, 8. The 29.1 Km Highway built in three phases, is to link al expressways I and major roads such as Southern, Northern and Kandy Expressways as well as Colombo-…

  • 413 semi-luxury bus owners fined for poor standards

    Nearly 413 semi-luxury bus owners were fined in 2013 for not maintaining the stipulated standards in their buses stated by Private Transport Minister. And he stated that ministry was keen on making sure that semi-luxury bus owners maintained the required standards for the convenience of the passengers. None of the bus owners will be spared…