Sri Lankan PM to announce five-year economic plan in a few weeks

Sri Lankan PM to announce five-year economic plan in a few weeks

Colombo, August 2 (NIA): The Sri Lankan Prime Minister, Ranil Wickremesinghe, will be announcing a Five Year Plan for the country in the next few weeks, the Sri Lankan Central Bank Governor, Dr. Indrajit Coomaraswamy, told the Sri Lanka Economic Summit 2016 here on Tuesday. The Five Year Plan is expected to give the government, the private sector, and foreign...

Japan agrees to finance LRT for Colombo

Japan agrees to finance LRT for Colombo

July 30 - Japan has agreed to provide concessional funding to build a Light Rail Transit (LRT) system in Sri Lanka’s proposed Megapolis plan, with the initial section to be elevated and the rest at ground level, the EconomyNext reported. The two governments have agreed to expedite the detailed technical feasibility in order to initiate the physical implementation of the...

Bangladesh, Nepal to begin direct flights to Colombo

Bangladesh, Nepal to begin direct flights to Colombo

July 27 (NIA) - The national carriers from Bangladesh and Nepal will begin direct flights to the Sri Lankan capital, Colombo from this year in a bid to increase air connectivity to Sri Lanka, Director General of Civil Aviation H. M. C. Nimalsiri said on Wednesday. Bangladesh’s Biman Airlines and Nepal’s Himalayan Airlines will fly to Sri Lanka by the end...

Sri Lanka to revise electricity price twice yearly from 2017

Sri Lanka to revise electricity price twice yearly from 2017

July 26 - Sri Lanka plans to revise electricity tariffs every six months starting from April 2017, in a bid to maintain cost-reflective pricing, the country's power regulator said. The government has given the go ahead to revise power tariffs every April and October, director General of Sri Lanka's Public Utility Commission Damith Kumarasinghe told a forum in Colombo. Sri...

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