Rapid lifts at Lotus Tower goes before courts

Small scale Constructions has gone before courts guaranteeing that Japan's Fujitec Corporation and its joint endeavor organization Fujitec Lanka (Pvt) Ltd, the Board of Investment sanction Sri Lankan backup built up by Micro Holdings Ltd to which the previous government had granted the delicate for the supply and establishment of fast lifts and elevators to the 'Nelum Kuluna' or Lotus Tower being developed at D.R. Wejewardene Mawatha in Colombo, are get ready to exchange this delicate to another organization and for court to intercede in this issue and stop such an exchange.

As needs be, the Colombo District Court as of late issued a urging request keeping this delicate from being crossed out.

The development builders to the Lotus Tower, China's CNEIEC Ltd and the Telecommunications Regulatory Commission (TRC) have been named as respondents.

The aggregate tallness of the Lotus Tower being built by the Telecommunications Regulatory Commission at D.R. Wejewardene Mawatha in Colombo is 350 meters.

Sri Lanka concentrates on setting up an electric train administration

The legislature is arranged for an introductory study on building up the essential base for an electric train benefit in Sri Lanka, said Power & Energy Minister Patali Champika Ranawaka.

While talking at a meeting in Colombo, the Minister said government has arranged this as a force sparing measure.

Places for fast re-charging offices for electric vehicles

The Minister further included that the legislature has anticipated more quick re-charging focuses to support the import of more electric vehicles into the nation.

In spite of the fact that electrically controlled vehicles are increasing more prevalence around the world, they are not all that well known in Sri Lanka because of the absence of re-charging offices.

Indeed, even through its between time spending plan the administration made moves to diminish the obligation on imports of electric vehicles.

Evaluating formulae for fuel and power

Colombo stocks begin month to month operations on a negative note

Colombo values began month to month operations on a negative note where both records shed robust returns in the midst of blended corporate profit. Fundamental list declined by 25.10 record focuses or 0.35% to end at 7,195.19 recording an one month low while 20-scrip S&P SL file declined underneath 4,000 imprint following six weeks, shedding 14.49 file focuses or 0.36% to end at 3,986.17.

Value deteriorations in high topped counters, for example, Nestle Lanka (shut down at 2,149.00, -2.3%), Aitken Spence Hotels Holdings (shut at LKR 75.60, -6.8%), Distilleries (shut at LKR 275.10, -1.5%) and John Keells Holdings (shut at LKR 194.00, -0.6%) influenced file execution adversely.

Day by day market turnover was LKR 731mn. John Keells Holdings rose as top patron to the turnover with LKR 161mn supported by a solitary intersection of 0.1mn shares at LKR 194.70. Intersection represented 3% of the aggregate turnover.

Citrus posts unfaltering execution in difficult times; bullish about future

Citrus Leisure Group has posted 102% development in income for 2014/15, recording Rs 616 million of which its first property in Hikkaduwa contributed Rs 270 million. The recently opened Citrus Waskaduwa lodging contributed Rs 317 million in income, working just for 9 months of the monetary year.

The solid incomes were posted in spite of the whole business encountering a sharp drop in both Summer and Winter entries from two of its key source markets – Ukraine and Russia – which were affected by the Crimean emergency. Therefore, Citrus Hikkaduwa, the Group's first venture, was not able to benefit from a generally decent year however kept up its benefit force by recording an operational benefit of Rs 66 million.