tag:blogger.com,1999:blog-35943842012-02-08T08:54:47.335+05:30Sri Lanka Investment and DevelopmentLankadatahttp://www.blogger.com/profile/17843868984532329759noreply@blogger.comBlogger171100tag:blogger.com,1999:blog-3594384.post-61292433580357821952011-09-20T00:59:00.000+05:302011-09-20T00:59:06.647+05:30

Releasing its Asian Development Outlook Update, ADB indicated Sri Lanka’s 8% growth forecast for 2011 and 2012 is intact and is in line with its original estimate. This is on account of robust exports and tourism. However for overall South Asia it revised growth rate downwards to 7.2% for 2011 in the update from 7.5% previously and to 7.7% from 8.1%.

DataOnehttp://www.blogger.com/profile/08653566900270093772noreply@blogger.com0tag:blogger.com,1999:blog-3594384.post-61981325619504620902011-09-06T18:46:00.000+05:302011-09-06T18:46:20.737+05:30

Sri Lanka, India US$500mn coal plant deal inked Sept 06, 2011 (LBO) - Sri Lanka's state-run Ceylon Electricity Board and India's National Thermal Power Corporation inked a deal to build a 500MegaWatt coal plant in the island's northeast coast. The 50/50 joint venture will begin construction at Sampur in Trincomalee, in late 2012 and is expected to be commissioned in 2016, CEB chairman

Lankadatahttp://www.blogger.com/profile/17843868984532329759noreply@blogger.com0tag:blogger.com,1999:blog-3594384.post-51168684780152519202011-07-27T15:55:00.000+05:302011-07-27T15:55:13.939+05:30

July 04, Colombo: The construction of the runway of Sri Lanka's second International Airport at Mattala in the Hambantota District in the South has been completed, the government said Monday. The runway with a length of 4,000 meters and a width of 75 meters has all necessary facilities to land the largest aircraft available at present such as Airbus A-380. The Taxi route to the runway is 370

Lankadatahttp://www.blogger.com/profile/17843868984532329759noreply@blogger.com0tag:blogger.com,1999:blog-3594384.post-5927260669612846332011-07-21T14:09:00.000+05:302011-07-21T14:09:40.342+05:30

Sri Lanka raises one billion dollars at 6.25 percent July 21, 2011 (LBO) - Sri Lanka raises has sold a 10-year sovereign bond at 6.25 percent to raise one billion dollars from international markets, a source close to the deal said. The deal had attracted 7.0 billion dollars in subscriptions, indicating strong demand. Orders were high This was the fourth sovereign issue by Sri Lanka. The

Lankadatahttp://www.blogger.com/profile/17843868984532329759noreply@blogger.com0tag:blogger.com,1999:blog-3594384.post-82590603450243139882011-07-18T08:55:00.000+05:302011-07-18T08:55:03.354+05:30

Sri Lanka’s sovereign rating outlook was raised to positive from stable by Moody’s Investors Service, which cited a “peace dividend” of greater economic and financial stability. Sri Lanka’s improved credit assessment comes as the island plans to raise $1 billion from the sale of dollar-denominated bonds in its fourth international offering. The nation’s foreign-currency rating remains at B1, four

Lankadatahttp://www.blogger.com/profile/17843868984532329759noreply@blogger.com0tag:blogger.com,1999:blog-3594384.post-52118654255802359272011-07-15T17:02:00.000+05:302011-07-15T17:02:03.722+05:30

Sri Lanka remaining north railway to be built by India July 15, 2011 (LBO) - India's state-run Indian Railway Construction International Ltd (lRCON) has been given a 149.3 million US dollar contract to build a remaining part of a railway track to Sri Lanka's north, the government's information office said. The entire track from Vavuniya to Jaffna was destroyed during a civil war which ended

Lankadatahttp://www.blogger.com/profile/17843868984532329759noreply@blogger.com0tag:blogger.com,1999:blog-3594384.post-71619453197381570902011-07-14T08:08:00.000+05:302011-07-14T08:08:40.825+05:30

Lankadatahttp://www.blogger.com/profile/17843868984532329759noreply@blogger.com0tag:blogger.com,1999:blog-3594384.post-17820731220765659522011-07-14T08:04:00.002+05:302011-07-14T08:04:24.277+05:30

July 13, Colombo: Sri Lanka Minister of Economic Development Basil Rajapaksa said the government had identified 47 acres of prime land from the capital Colombo city that is suitable for mass scale investments. The land which belongs to the Urban Development Authority will be released for investment step by step to prevent the decline of market price of prime land, the Minister had told the media

Lankadatahttp://www.blogger.com/profile/17843868984532329759noreply@blogger.com0tag:blogger.com,1999:blog-3594384.post-76479366595944674362011-07-14T08:02:00.002+05:302011-07-14T08:02:35.095+05:30

Sri Lanka credit to business up 33.3-pct in May July 11, 2011 (LBO) - Credit to business from Sri Lanka's commercial banks rose 33.9 billion rupees in May 2011 to 1,664.4 billion rupees, with rupee denominated loans rising 30.5 billion rupees and forex loans rising 3.4 billion rupees, official data showed. In the year to May commercial bank loans to business rose 33.3 percent or 416 billion

Lankadatahttp://www.blogger.com/profile/17843868984532329759noreply@blogger.com0tag:blogger.com,1999:blog-3594384.post-44213715936600495412011-07-14T07:59:00.000+05:302011-07-14T07:59:08.239+05:30

(Reuters) - Sri Lanka expects $1.5 billion foreign direct investment (FDI) through its first tourist city project, that includes four five-star hotels comprising 2,300 rooms, the government said on Thursday. The planned hotel city at an 80 hectare site in Katana, a coastal town 15 km from commercial capital Colombo, is the latest destination where the island nation aims to build infrastructure

Lankadatahttp://www.blogger.com/profile/17843868984532329759noreply@blogger.com0tag:blogger.com,1999:blog-3594384.post-34006946570892544262011-07-14T07:55:00.000+05:302011-07-14T07:55:10.711+05:30

(Reuters) - Sri Lanka's tourism industry has secured $1.2 billion foreign investment this year due to a post-war tourism boom and has raised its investment target to $3 billion within the next five years, an official said on Friday. The end of the 25-year war in May 2009 has boosted the $50 billion economy's leisure industry, making it one of the most attractive sectors for investment due to the

Lankadatahttp://www.blogger.com/profile/17843868984532329759noreply@blogger.com0tag:blogger.com,1999:blog-3594384.post-29647811316173157542011-07-14T07:53:00.000+05:302011-07-14T07:53:03.828+05:30

COLOMBO, June 23 (Reuters) - Sri Lanka has secured around $2.5 billion in local and foreign investment for the island nation's port expansion and related infrastructure, the head of country's ports authority said on Thursday. It is Sri Lanka's largest investment since the end of a 25-year war and comes as the $50 billion economy emerges from the end of a 25-year war. "We have already secured

Lankadatahttp://www.blogger.com/profile/17843868984532329759noreply@blogger.com0tag:blogger.com,1999:blog-3594384.post-85061592684233127872011-07-14T07:44:00.002+05:302011-07-14T07:44:53.281+05:30

Sri Lanka power demand hits new peak Mar 23, 2011 (LBO) - Sri Lanka's night power demand hit a new peak load of 2,000 MegaWatts on Tuesday amid hot seasonal weather and growing usage, in a day that the utility officially commissioned a new 300 MegaWatt coal plant. Power demand hit a peak of 1,999 MegaWatts at 7.30 in the evening not counting power generated by mini-hydro plants which can go up

Lankadatahttp://www.blogger.com/profile/17843868984532329759noreply@blogger.com0tag:blogger.com,1999:blog-3594384.post-58887896548420487582011-07-14T07:42:00.000+05:302011-07-14T07:42:10.420+05:30

May 23, 2011 (LBO) - Sri Lanka's listed Hayleys group said a wind power plant it is building in the island's north western coastal town of Kalpitiya will begin commercial operations in September 2011. The 10 MegaWatt wind plant is run by its unit Nirmalapura Wind Power (Private) Ltd. The Kalpitiya peninsula has another wind plant by Sri Lanka's Senok group. The Hayleys group also has several

Lankadatahttp://www.blogger.com/profile/17843868984532329759noreply@blogger.com0tag:blogger.com,1999:blog-3594384.post-53184821519129593542011-07-13T09:27:00.000+05:302011-07-13T09:27:00.378+05:30

Lankadatahttp://www.blogger.com/profile/17843868984532329759noreply@blogger.com0tag:blogger.com,1999:blog-3594384.post-71885229478492972582011-07-13T09:24:00.000+05:302011-07-13T09:24:15.291+05:30

When ready, Sri Lanka's new Colombo South Harbour port terminal, a US$ 500 million project built by a consortium led by China Merchant Holdings International which put up 55% of the funding compared to local partners Aitken Spence and the Sri Lanka Ports Authority, who will maintain a 30% and 15% stake, respectively, will be the only port in the region equipped to service new 18,000 Twenty foot

Lankadatahttp://www.blogger.com/profile/17843868984532329759noreply@blogger.com0tag:blogger.com,1999:blog-3594384.post-64392586528366714132011-07-13T09:17:00.000+05:302011-07-13T09:17:56.428+05:30

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