Kalpitiya gets seven star hotel
The regions second comprehensive seven star hotel
would be opened in two years in the Kalpitiya integrated tourism
zone. The first hotel is currently being built by the Hong Kong
based Shangri-La Hotel chain in Galle Face at the former the Army
Headquarters. This would be a US $ 500 million investment and would
have 500 rooms.
Galle's canned fish factory opens tomorrow
Sri Lanka's first ever semi-government owned
canned fish factory constructed in Galle is to open tomorrow. This
is a joint venture project between Ceylon Fisheries Corporation
(CFC) and Happy Cook Lanka Food Pvt Ltd. At the initial stage, it is
expected to produce 10,000 cans per day and CFC intends to increase
the daily production capacity with the passage of time.
Inflation up in March due to petroleum prices, bus fares
The year-on-year inflation as measured by the
Colombo Consumers’ Price Index (CCPI) (2006/07=100), computed by the
Department of Census and Statistics increased to 5.5 percent as
anticipated, mainly due to the upward adjustment of petroleum
prices, electricity charges and bus fares. However, the annual
average inflation decreased marginally to 5.9 percent in March from
6.1 percent in February 2012, for the sixth successive month a
release from Central Bank Statistics Department said.