Singapore’s Mustafa Center to build US$200mn complex in Sri Lanka

Singapore’s Mustafa Center to build US$200mn complex in Sri Lanka

Colombo, March 3 (NIA) - Singapore's popular Mustafa Centre will go head with a 200 million US dollar mixed development project in Sri Lanka, the Head of BOI, Upul Jayasuriya said here Friday. An EconomyNext report, quoting Jayasuriya said the Mustafa's project in Sri Lanka will have a hotel and apartments as well as a shopping complex. The complex will come up in...

Sri Lankan Airlines A320neo to offer wider cabins, larger seats

Sri Lankan Airlines A320neo to offer wider cabins, larger seats

Colombo, Feb 27 (NIA) - Sri Lanka national carrier, Srilankan Airlines has taken delivery of its first A320neo on lease from Air Lease Corporation (NYSE: AL), making the airline the latest operator of the type. The delivery from Airbus’ facilities in Hamburg is the first of a fleet as six A320 variants are expected to arrive in the next 15 to 18 months....

Sri Lanka, very interesting spot for the maritime industry, says Norway

Sri Lanka, very interesting spot for the maritime industry, says Norway

Colombo, Feb 21 (NIA) - Norway, on Tuesday said it was ready to invest on the Sri Lankan ports as Norway had good knowledge and expertise on the marine industry. Norway's Ambassador to Sri Lanka Thorbjorn Gaustadsaether said Norway could not do huge investment like China or India but it could provide advanced technology in several areas. "We have advanced technology to control the...

Pilots‘ Guild Okays Suspension of License of Drunken Sri Lankan Airlines Pilot on international flight

Sri Lankan Airlines named ‘Best Airline in South Asia’

Colombo, Feb 17 (NIA) - Sri Lanka's national airline carrier, SriLankan Airlines added yet another accolade when China’s Top Travel magazine named it the Best Airline in South Asia at the 10th Annual Top Travel Awards, recognizing SriLankan’s continuous efforts at expanding travel between China and Sri Lanka. This is the latest in a string of awards for Sri Lanka’s...

Sri Lanka foreign reserves drop by $568 million in January

Sri Lanka foreign reserves drop by $568 million in January

Colombo, Feb 13 - Sri Lanka’s official reserves dropped 567.5 million US dollars to 5.45 billion dollars in January, down from 6.01 billion dollars at the end of December, official Central Bank data showed. Foreign currency reserves were 4.52 billion US dollars and reserves in Gold were 0.86 billion US dollars, the LBO reported. The Central Bank’s Treasury bill holdings...

Sri Lanka, Israel discuss direct air links to increase tourism

Sri Lanka, Israel discuss direct air links to increase tourism

Colombo, Feb 7 (NIA) - Sri Lanka and Israel have discussed the possibility of establishing direct air links in order to increase the number of tourist arrivals into the island nation, the Tourism Ministry said here Tuesday. The Ministry said renewed efforts are being made to position Sri Lanka as an attractive destination for the outbound Middle East tourism market. The...

China acquiring lands and businesses in Pakistan in a big way

China acquiring lands and businesses in Pakistan in a big way

Karachi, February 6 (Reuters): Chinese companies are in talks to snap up more businesses and land in Pakistan after sealing two major deals in recent months, a sign of deepening ties after Beijing vowed to plough $57 billion into a new trade route across the South Asian nation. A dozen executives from some of Pakistan's biggest firms told Reuters that...

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