LNP - 57mn cubic meters sand required for development projects between 2021-25: Amaraweera

2021-07-19   |   Development

With the scheduled 13 development projects between 2021 and 2025, a total volume of 57 million cubic meters of sand will be required, Environment Mini...

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LNP - Construction of 4th car park commences in Colombo

2021-06-22   |   Development

The construction of the fourth car park has commenced at Abdul Kader Mawatha in Colombo 11 as part of a programme to construct 12 new car parks to eas...

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LNP - Colombo elevated highway project handed over to CHEC

2021-05-25   |   Development

The Cabinet approval was granted to award the contract for the construction of the elevated highway to Kelaniya New Bridge (NKB) via Rajagiriya connec...

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LNP - GS Sports denies links to Namal’s project

2021-05-07   |   Development

GS Sports has denied any involvement with a project initiated by Sports and Youth Affairs Minister Namal Rajapaksa to establish 500 container crossfit...

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LNP - COYLE marks celebratory hour with accent on driving development

2021-03-30   |   Development

Chief Guest Prime Minister Mahinda Rajapaksa graced the occasion at the COYLE anniversary celebrations following the 22nd AGM and appointment of the...

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LNP - New housing for squatters cost taxpayers’ Rs 500 mn

2021-02-18   |   Development

The government has allocated Rs 500 mn for relocating squatters who prevented the laying of new underground pipelines from the Colombo Port to the K...

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LNP - CBSL foresees brighter growth prospects in 2021

2021-01-20   |   Development

Sri Lanka’s 2021 GDP growth prospects  seem positive despite the economy contracting by 1.7 per cent and 16.3 per cent in the first and ...

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LNP - Unauthorised constructions cannot be permitted within university premises – GL

2021-01-13   |   Development

Education Minister Prof. G.L. Peiris yesterday (11) said that monuments of any kind couldn’t be built within university premises under any circumsta...

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LNP - Development activities have been implemented in every electorate, fulfilling the expectations of the people – Nimal Lanza

2020-12-02   |   Development

Nimal Lanza, State Minister for Rural Roads and Residual Infrastructure said that the present government has implemented development activities in e...

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LNP - Softlogic Holdings’ topline records 9 per cent growth for 2QFY21

2020-11-18   |   Development

Extracts from Softlogic Holdings plc’s interim financial statements for the six months ended September 30, 2020 For a consumer-driven conglomerate i...

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LNP - Biden close to projected victory; Trump confident

2020-11-06   |   Development

Democratic candidate, Joe Biden, was leading in the US presidential race with several key battleground states being balanced on a razor’s edge, at...

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Human development on course to decline this year for first time since 1990: UNDP

2020-05-21   |   Development

Global human development, which can be measured as a combination of the world’s education, health and living standards, could decline this year for ...

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UNDP’s HackaDev launches Innovation Challenge to crowdsource ideas for COVID-19 recovery

2020-05-18   |   Development

With the emergence of COVID-19 in Sri Lanka, the country has seen far reaching social and economic consequences affecting the livelihoods of many indi...

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Construction in further quandary with govt. delaying release of due payments

2020-04-26   |   Development

By Shabiya Ali AhlamThe local construction sector is set to slump further with its pleas to the government to release due payments, which are in exces...

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Construction work begins to launch CineCity Waterfront and Art Centre by 2020

2019-10-07   |   Development

Bringing in new hopes to the Sri Lankan cinema industry, construction work for Cinecity Waterfront and Art Centre commenced yesterday. Back in the day...

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Western Province economic growth could be accelerated by 10% with MCC grant

2019-09-24   |   Development

The economic growth of the Western Province could be accelerated by 10 percent per annum with the implementation of the advanced traffic management sy...

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Investor interest wanes in Chalmers Granaries project

2019-07-18   |   Development

The second attempt in two years to attract investors to develop the nine-acre Chalmers Granaries land opposite the Fort railway station as a mixed dev...

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Oman reiterates commitment to Hambantota refinery project

2019-05-08   |   Development

Omani Oil and Gas Minister Dr. Mohammed Hamed Al Rumhy has reiterated Oman Oil Company’s firm interest to take part in the Hambantota oil refinery p...

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IMF says materialising of key global risks could upset growth of emerging Asia

2019-04-12   |   Development

Washington DC Although the growth in emerging markets and developing economies is expected to stabilise around 5 percent, the International Monetary F...

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A money guzzling road project!

2019-03-05   |   Development

The development work on a proposed five-kilometre four-lane- stretch of a road in the main city being represented by a leading politico, taken on hand...

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PM inaugurates construction work of Bingiriya EPZ

2019-03-05   |   Development

The construction work of the Export Processing Zone (EPZ) in Bingiriya was inaugurated by Prime Minister Ranil Wickremesinghe together with Minister o...

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Dialog invests Rs. 30.6 bn for broadband infrastructure

2019-02-20   |   Development

Dialog Axiata PLC has recorded a consolidated revenue of Rs 109.2 billion, demonstrating a growth of 16% Year-to-Date (YTD) for the year ended Decembe...

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Planning to do the somersault with a big bang!

2019-02-06   |   Development

The action taken by this politico from an area North of the hill country sacred city to convene a special meeting of the party’s electorate Bala Man...

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National Govt. proposal made to House to accelerate development process - Kiriella

2019-02-05   |   Development

The proposal to form a National Government and increase the number of Ministers was made to Parliament with the objective of obtaining the participati...

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Panasian Power continues ‘success streak’ with 452% growth in PAT during 1H 2018

2018-11-20   |   Development

Panasian Power PLC (PAP.N), one of Sri Lanka’s leading green energy solutions providers, posted a consolidated net profit of Rs. 54 million for the ...

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