(14.08.2012)     Due to massive development endevours by the government and private sector in 2012, the construction industry has recorded a phenomenal growth of over 17 % in their third quarter of 2011 versus 11 % in the corresponding period of 2010.

(14.08.2012)     President Mahinda Rajapaksa yesterday told both state officials and political representatives not to lay foundation stones to initiate development projects hereafter unless they are certain of having adequate funds to complete the programme.

(13.08.2012)     One of the key elements that led to the youth insurrections in 1971 and 1988/89 and the birth of the LTTE was the minimum focus paid by authorities to development in the provinces. Thus, a common slogan used to woo youth to take up arms was Kolambata Kiri Apita Kekiri which meant that all resources were based around the Western Province. Central Bank data too supported this theory as the per capita income and GDP of the Western Province was far higher than those of the other provinces.

(13.08.2012)     The ground breaking ceremony for the first Three Star internationally funded hotel in Kandy was held near Suisse Hotel, Kandy yesterday.

(10.08.2012)     Decisions taken by the Cabinet at its Meeting held on 2012-08-08...

(08.08.2012)     The first stage of construction of the country’s second zoological gardens adjoining the Pinnawala Elephant Orphanage will be completed by October according to a spokesman for the Sabaragamuwa Provincial Council.

(08.08.2012)     Construction of the main tunnel of the Uma Oya multi-purpose reservoir project started under the patronage of President Mahinda Rajapaksa yesterday.

(07.08.2012)     Indian investors are looking at opening a fertilizer plant in Eppawala. Chairman, NPK Fertilizer Plant of India and the President of the SAARC chamber of Commence Vikramajith Singh Sahney, said that they are looking at a joint venture.

(07.08.2012)     The first and the second stages of construction of the Colombo to Kandy alternative highway through Kegalle has been completed, a Sabaragamuwa Provincial Council spokesman said.

(06.08.2012)       The Economic Development Ministry provided Rs 896 million to develop education facilities in the Sabaragamuwa Province. These funds are spent to launch 225 projects in the Sabaragamuwa Province, sources said.

(06.08.2012)      Sri Lanka has made rapid progress in information and communication technology in recent times, Telecommunication and Information Technology Minister Ranjith Siyambalapitiya said.

(06.07.2012)     India is to set up a mega manufacturing and export zone for engineering and manufacturing auto parts and also a pharmaceutical hub in Sri Lanka, India’s Trade and Commerce Minister stated.

(06.08.2012)     The commissioning of the new bus stand in Batticaloa town has taken passenger transportation to a new level. It has helped provide an uninterrupted bus service throughout the day to all key destinations in the country, Resettlement Deputy Minister Vinayagamurthy Muralitharan said.

(06.08.2012)      India plans to establish a Special Economic Zone in Sri Lanka. It will be located near Trincomalee along with a Skills Development Institute and an Automobile and Engineering Zone, said Indian Commerce, Industry and Textiles Minister Anand Sharma.

(03.08.2012)     Saffron Aviation (Pvt) Ltd, a joint venture between John Keells Holdings PLC (JKH), MMBL Leisure Holdings (Pvt) Limited and Phoenix Ventures Limited, signed an agreement with the Board of Investment of Sri Lanka to establish a domestic air taxi service in Sri Lanka with an initial investment of USD 6.8 million out of a total planned investment of USD 8.4 million.