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Tag: financial news

  • 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’…

  • 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…

  • 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…

  • Matala Airport deal is on a way

    Sri Lanka is on the brink of sealing a deal with Chinese and Dubai based airlines and infrastructure companies to run the operations of the loss making Mattala International Airport in Hambantota. Minister said that there were several other bids as well. he confidence that there would be a positive message soon and the government…

  • 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…

  • Malaysia Visa Center relocated to Colombo 3

    Foshwa Lanka (PVT) LTD a Malaysian Visa Centre has relocated to the below address from world trade center. Foshwa Lanka (PVT) LTD No. 321, 4/1 Lakshmans Building, Galle Road Colombo03

  • India’s $10 billion gap in foreign exchange may put rupee under pressure

    The Indian banking system has left a $10-billion position unhedged amid foreign exchange deposit redemptions, making the rupee vulnerable to a sudden depreciation in the next few months. On the other hand, such a drop would act as a booster for exports and possibly narrow the trade deficit although imports of oil and other commodities…

  • Tesla, Panasonic to collaborate on solar cells production

    Tesla Motors said it would collaborate with Japan’s Panasonic Corp to manufacture solar cells and modules in New York. Under the agreement, which is a nonbinding letter of intent, Tesla said it will use the cells and modules in a solar energy system that will work seamlessly with its energy storage products Powerwall and Power-pack.…