Category: Srilanka Developments and Releated News
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Every Sri Lankan child is born with a half-a-million debt – Ministry of Finance
Shocking as it sounds, when this government came to office in 2015, it inherited a Rs. 7.4 trillion debt burden. Today’s accumulated public debt is equivalent to more than 5 times the government’s annual revenue in 2016. To make matters worse, Rs 1.7 trillion in debt service has to be paid next year, which would…
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Appointing members to the Office on Missing Persons
Under the provisions of the Office on Missing Persons (Establishment, Administration and Discharge of Functions) Act No. 14 of 2016 as amended by Act No. 9 of 2017, applications are called for the appointment to the Office on Missing Persons (OMP) from persons with previous experience in; fact finding or investigation, human rights law, international…
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Logo Design Contest for Colombo Light Rail (Metro)
Ministry of Megapolis and western development invites Logo design for Colombo Light Rail Service, the design logo and have the privilege to be a contributor to the revolution in public transportation of Sri Lanka. Here’s a chance to showcase the artist in you. The Minisry of Megapolis and Western Development is in need of a…
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Land Prices in Colombo
It has been observed that land prices in Colombo have increase day by day. And the shocking truth that the prices are unimaginable for an ordinary man to buy a house in Colombo now days. See below table for the update Average Price per Perch in Colombo Colombo District Number Average Price per Perch Colombo…
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Colombo City & its Traffic – Detail Analysis based on Ministry of Mega polis & Western Development
Ministry of Mega polis & Western Development stated that 1.9 Million passengers enter the Colombo metropolitan region daily from the 7 main corridors as now. This expected to increase by 4.4 Million in 2035. The huge traffic movement will cause delay in speed as 12km per hour speed in 2035 which is 17Km per hour…
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Chalmers Graneries Land in Pettah Goes to Mixed Development Project by Urban Development Authority (UDA)
UDA wishes to request proposals from potential bidders in order to undertake mixed development project in a prime land located within the Colombo city. The proposed development should be in line with the UDA guidelines and the selected bidder should eventually enter into a lease agreement for a period of 99 Years with UDA for…
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Ratmalana to become third international airport of Sri Lanka
Sri Lankan aviation history will be re written when the Ratmalana airport is converted to an international airport with flights to China via the Maldives. An official from the Transport and Civil Aviation Ministry said the first flight to the Maldives airport will fly out from Ratmalana operated by maldivian Airlines. It will also offer…
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Car registrations down by 40%, three wheelers by 50% in 2017
Motor car registrations have come down by 40% on a month and month basis mainly due to drop in financing share of motor cars. The three wheeler segment came down by nearly 50%,according to the JB Securities monthly review. Implementation of the budget proposal to restrict credit to new cars (50% LTV) and three wheelers…
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Calling Applications for the Lease of Wholesale Business Premises in the Dedicated Economic Centre – Kilinochchi
Calling applications for the lease of wholesale business premises in the Dedicated Economic Centre along the Kanagapuram Road in Kilinochchi District. The objectives of the center are to provide a reasonable price to the farmers, create a competitive market place for the vendors and provide a reasonable price for the consumers. This business premises have…
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Foot Operated Water Valves technology for washing
National Engineering Research & Development Centre Of Sri Lanka (NERD Centre) invites manufactured, and developed, and introduced to the market successfully a Water Valve which is foot operated, that is made to happen, using newest and latest Technology, to be utilized very easily and effectively, in order to save the resources of water, whenever using,…