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Sri Lanka to increase passenger handling capacity at Airports

Sri Lanka is planning to increase the passenger handling capacity at Airports to 12 Million by 2015 from the current capacity of 6 million.

“Lotus Tower”, which is planned to be built in Colombo by the Sri Lankan government, for the telecommunication purposes, will become the tallest tower in South Asian region and the 19th tallest in the world.

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Sri Lanka Tourism welcomed the arrival of 800,000th tourist in year 2011 at the Bandaranaike International Airport today (19th Dec.) This is a record in Sri Lankan tourism history, as this is the first time it exceeds 800,000 in any given year.

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The Monetary Board of the Central Bank has decided to raise the current threshold for foreign investments in Treasury bills and Treasury bonds from 10 per cent of the outstanding Treasury bill and Treasury bond stock to 12.5 per cent.

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Cabinet approval has been granted to provide a block of land in extent of five acre near Army headquarters in Colombo on a 99 year lease M/s ITC limited of India, Franchise of SHERATON Group of USA is to invest in a luxury hotel and mixed development project in Colombo.

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The Sri Lankan Cabinet Wednesday approved the appointment of Competent Authorities for the 37 enterprises listed in the Schedules to the newly approved Assets Acquisition Act.

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Vehicle imports and new registrations in Sri Lanka have risen in an outstanding level during the last few months. As per the Central Bank stats, Car imports, trishaw imports and motorcycle imports have risen from 62 percent, 30 percent and 18 percent respectively, during the month of August.

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With the aim of safeguarding the Bank customers and stability of the Banking sector, Central Bank of Sri Lanka has issued a “Customer Charter” for all the licensed banks, which will be effective within six months time.

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Sri Lankan rupee is unchanged compared to the Dollar. Since the war got over, Sri Lanka sees a rapid growth in the economy and even infrastructure wise.

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National Carrier – Sri Lankan Airlines has commenced flights to Moscow, expanding its network. There will be flights twice a week to Moscow.

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