Monday 24 August 2015

Malaysia’s MATRADE wants to finance Sri Lanka monorail projects

Malaysia’s MATRADE says it is ready to work with Sri Lanka in the areas of property development, monorail, railway infrastructure development, port operations, real estate, and also constructions of resorts

This was announced by MATRADE, when they met a group of Sri Lankan businessmen at the Ceylon Chamber of Commerce. The meeting was organized by Sri Lanka Malaysia Business Council and the Ceylon Chamber of Commerce.

Mr. Silmi ABD Rahman, Director, Transport, Logistics, Machinery & MRO / Europe Trade and Services Promotion division of Malaysia External Trade Development Corporation (MATRADE) also said, that the funding into projects in Sri Lanka will come through Malaysia’s EXIM bank channeled via the Central bank of Sri Lanka.



 Mr. Mangala Yapa, Secretary General/ CEO of the Ceylon Chamber of Commerce, elaborated on the economic policy of the newly appointed Sri Lankan government and invited Malaysian companies to consider investing in Sri Lanka with possible local collaborations.

The meeting was presided jointly by Mr. Aashiq Lafir, President of the Sri Lanka -Malaysia Business Council of the Ceylon Chamber of Commerce and Mr. Mangala Yapa, Secretary General / CEO of the Ceylon Chamber of Commerce.

“We are glad to assist you to identify matching business partners and provide necessary information regarding prevailing regulations in Sri Lanka for investments in the areas we discussed.” said Mr. Aashiq Lafir.

He also invited MATRADE (Malaysia External Trade Development Corporation) to consider relocating or operating an external office in Colombo to speed up the process of further strengthening trade and investment opportunities between Sri Lanka and Malaysia.

The meeting took place on Monday evening at the Ceylon Chamber.



http://www.adaderana.lk/bizenglish/malaysias-matrade-wants-to-finance-sri-lanka-monorail-projects/

ඇස්බැස්ටස් තහනම් කරන්න ජනපති සූදානම්…

2018න් පසු ශ‍්‍රි ලංකාවට ඇස්බැස්ටස් තහඩු ගෙන්වීම තහනම් කරන බව ජනාධිපති මෛත‍්‍රීපාල සිරිසේන මහතා පවසයි.
කොළඹදී පැවති උත්සව සභාවක් අමතමින් ඔහු කියා සිටියේ මහජන සෞඛ්‍යට ඇස්බැස්ටස් තහඩු මහත් තර්ජනයක්ව ඇති බැවින් ඇමැති මණ්ඩලය සමග සාකච්ඡුා කර මෙම පියවර ගන්නා බවයි.
පසුගිය සන්ධාන රජයේ සෞඛ්‍ය ඇමැතිවරයා ලෙස තමන් සිටියදී මෙම යෝජනාව ඉදිරිපත් කළද ඉහළ පුද්ගලයන් ඊට හරස් වූ බවද ජනාධිපතිවරයා කියා සිටියේය.

http://lankacnews.com/sinhala/news/135064/

Saturday 8 August 2015

Major Banks come forward to promote first Luxury Apartment development in Kandy – Dynasty Residence

Kandy the last hill capital of Sri Lanka is transforming into the next best investment destination in the country. The highly anticipated Colombo-Kandy Expressway commenced last week with an ambitious target set by the Prime Minister to be completed by the end of 2017. Travel time from Colombo to Kandy will be reduced from a grueling journey of four hours to less than one hour.  Being the second largest city in the island, Kandy is now under the spot light of the Government for infrastructure developments and city beautification. The Colombo-Kandy expressway will definitely have a greater impact for attracting investments to create further economic growth and increase the property values. The World Bank is also funding Kandy under the ‘Strategic Cities Development Project in Sri Lanka’ to develop a more and better competitive, environmentally sustainable and a well linked city. 
Developers of Dynasty Residence, GVR Lanka (Pvt.) Ltd funded by the Serendib Investment Group from USA has foreseen these development opportunities and pioneered the first ever integrated development project in Kandy with a Luxury Condominium and a Star Class Hotel. Dynasty Residence, the 19-storey masterpiece ideally located minutes away from the proposed Colombo-Kandy Expressway exit. Also, the location is blessed with multiple access routes, which can be used to bypass the congested areas and reach the outskirts of the city during traffic hours.
Showcasing strong support for this project, several major local banks including Sampath Bank PLC, Hatton National Bank PLC and National Development Bank PLC have entered into tripartite agreements with GVR Lanka, to provide home loan facilities for this development at very attractive interest rates. These banks are also promoting this development as a possible investment for their High Net worth clients. Soon other major banks are expected to be on board.
Dynasty Residence is designed to accommodate a wide audience of demanding clientele, whether they are looking for their dream home, a home away from home, a peaceful and fulfilled retirement or even a great investment opportunity.
The apartments overlooking the breathtaking scenery of the lush hill capital and the Majestic Mahaweli River, offers a new era of luxurious and serene living brought about by world class architectural designs, engineering and construction excellence. The developers are committed to protecting the environment and this will be the first residential apartment project designed in Sri Lanka under the US Green building Council’s LEED rating system. Under this system the apartment is designed for energy & water efficiency and natural ventilation thought out the building.
Dynasty Residence is equipped with all the necessary amenities and comprises of 93 units configured in to 24 single bedroom, 23 two – bedroom, 25 three – bedroom, 12 four – bedroom, 5 four – bedroom duplex SKY villas and 4 exquisite penthouse suites with their own private sky gardens including golf putting and an entertainment area. Dynasty Residence is the only apartment complex in Sri Lanka to offer 42% of the total floor area specifically dedicated for an elegant lifestyle experience with a rooftop jogging track and a healing/reading garden, swimming pool and kiddies’ pool, gymnasium, multi-function room, game room, medical facility, mini-market and Café, outdoor BBQ area and a 24 hour security system.
Recently, the Kandy Municipal Council officially authorized GVR Lanka to develop and maintain the river front property, complementing the value of the development. This is a CSR effort by GVR Lanka (Pvt.) Ltd.
Commenting on the latest status of the project, Mr. Mahasen Samaravijaya – Founder and Chairman of GVR Lanka (Pvt.) Ltd stated that “our Design Build Construction partner, Sanken Construction is committed to delivering a high quality product in a record breaking completion time of 22 months and well within the planned construction budget. This project would not have been possible without the support and dedication from all our consultants; Architecture & Interiors – RDC Architects (Pte) Singapore in collaboration with Surath Wickramasinghe Associates. QS Consultants, Engineer in the contract and Project Management – Davis Langdon KPK, Singapore (A subsidiary of AECOM Company). Green Building Consultant – Green Technologies FZCO in Dubai. Structural Engineering Consultant – Mr. Vasantha Ratnayake. MEP Consultants – KE Engineering Consultants and EIA Consultant – Mr. Hemantha Jayasundara”.
About GVR Lanka (Pvt.) Ltd.: GVR Lanka (Pvt.) Ltd is a BOI-approved real estate development company registered in Sri Lanka founded by two Sri Lankan-born, US-based entrepreneurs, Mohan Chandramohan and Mahasen Samaravijaya.  The company is based at the IBM Building, Navam Mawatha, Colombo 02

http://www.adaderana.lk/bizenglish/major-banks-come-forward-to-promote-first-luxury-apartment-development-in-kandy-dynasty-residence/

Friday 7 August 2015

පෝට් සිටි නඩුව කල් යයි

කොළඹ වරාය නගර ව්‍යාපෘතිය (පෝර්ට් සිටි) පිළිබඳව අමාත්‍ය මණ්ඩලය මෙතෙක් ගෙන ඇති තීන්දු තීරණ ගැන ඉදිරියේදී අධිකරණයට කරුණු වාර්තා කරන්නැයි අභියාචනාධිකරණය අද(07) නීතිපතිට දැනුම්දුන්නේය.
අභියාචනාධිකරණය මෙසේ දැනුම් දුන්නේ  කොළඹ වරාය නගර ව්‍යාපෘතියට එරෙහිව පාරිසරික යුක්ති කේන්ද්‍රය විසින් ගොනු කැරුණු රිට් පෙත්සමක් අද(7) කැඳවු අවස්ථාවේ අභියාචනාධිකරණ සභාපති  විනිසුරු  විජිත් මලල්ගොඩ සහ එච්.සී.ජේ.මඩවල හමුවේ පෙනී සිටි නියෝජ්‍ය සොලිසිටර් ජනරාල්  අර්ජුන ඔබේසේකර මහතා නව පාරිසරික වාර්තාවක් සකස් කොට එය ඉදිරියේදී අධිකරණයට ලබාදීමේ හැකියාවක් පවතින බව කීය.
එසේම එම වාර්තාව සැකසීමේදී මහජන අදහස් විමසා බැලීමට සූදානම් යැයිද ඔහු කීවේය.
සැප්තැම්බර් 09 වැනිදාට නඩුව කල් තැබිණි.



http://www.lankadeepa.lk/index.php/articles/338642

Thursday 6 August 2015

Committee to probe Security Services Headquarters construction project

The Cabinet has appointed an official committee to investigate into and report on the activities of the Security Services Headquarters construction project being implemented at Akuregoda in Battaramulla.

The attention of the Cabinet has been focused on the report submitted by the officials’ committee on the following matters relating to a company which has been appointed to provide consultancy services to this project:



 • This company has been selected without any competitive bidding processes



 • The company has registered itself with the Registrar of Companies and the Sri Lanka Architects Institute only after being selected to provide the advisory services.



 • The relevant authorities have not entered into a proper agreement to obtain the services of this company, and



 • To obtain the advisory services for the entire project it has been decided to pay this company a sum of Rs. 606.032 million. Though a sum of Rs. 509.926 (83% of the amount to be paid) has been paid as of 31.05.2015, only 30.02% relating to the project has been carried out so far.

The Cabinet decided to investigate into these matters pointed out in the report of the officials’ committee report on this advisory company and take appropriate legal action based on the results of these investigations."



http://www.adaderana.lk/bizenglish/committee-to-probe-security-services-headquarters-construction-project/

Tuesday 4 August 2015

Rameswaram-T'mannar road, rail link a reality soon!

NEW DELHI: A road and rail link between India's Rameswaram and Sri Lanka's Thalaimannar could be a reality soon as the government of India has asked Asian Development Bank to carry out pre-feasibility study for financing the project across Palk Strait between India and Sri Lanka.

A short boat ride used to connect the railway lines that ended at Thalaimannar in Sri Lanka and Dhanushkodi in India, which was in operation till 1966.



 The Project may be a combination of bridge and underwater tunnel which may allow unhindered movement of ships. As the project is in the conceptual stage, it is too early to comment on the time bound programme of this project.

However, the government of SriLanka is yet to give its nod to the project, Minister of State for Road Transport & Highways, Pon. Radhakrishnan informed the Rajya Sabha on Monday. "



http://www.dailymirror.lk/82027/road-and-rail-between-rameswaram-and-thalaimannar-could-be-a-reality-soon

Monday 3 August 2015

Construction of Colombo-Kandy Expressway kicks off today

The first phase of construction work on the Colombo-Kandy Expressway will begin today (03 August) with the participation of President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe, says the government.

The first phase of the Colombo-Kandy or Central Expressway is planned for construction from Kadawatha to Mirigama while its second phase would be from Mirigama to Kurunegala.



 The third phase would be from Kurunegala to Kandy, says the government.

Recently the government approved the contract for the construction of the 32.55 kilometre stretch of this expressway from Kossinna to Mirigama.


http://www.adaderana.lk/bizenglish/construction-of-colombo-kandy-expressway-kicks-off-today/