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Thursday, 17 January 2013



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US $ 800 mn gem export revenue target in 2013

Sri Lankaís gem exports would receive a boost this year. Speaking about the gem industry, Chairman and Chief Executive Officer of National Gem and Jewellery Authority, Prasad Galhena told Daily News Business that they might be able to reach a gem export revenue target of US $ 800 million during this year,

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Electricity demand in South Asia growing at 5 %

Sri Lanka should possess a multilateral power trading system covering the whole of South Asia in years ahead to meet the aspirations of the people of this region, a Public Utilities Commission of Sri Lanka top official said. The electricity demand in the South Asian region is growing at a rate of 5 %, faster than in any other region of the world.

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Edge Hotels and Resorts to develop six new properties

The newly formed Edge Hotels and Resorts signed two agreements yesterday with the BOI for the development of two of their properties, namely Reefs Edge Hotel and Villas at Uswetakeiyawa and City Edge Colombo at Marine Drive, Bambalapitiya. These agreements were sealed between the Board Of Investment and Edge Hotels & Resorts respectively for the two hotels.

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Dell appointed Lackshmindra Fernando as new Country Manager for Sri Lanka. Here Fernando with Harjeet Singh Rekhi, Dellís General Manager for the South Asia Developing Markets Group and the Dell team in Colombo. Picture by Sumanachandra Ariyawansa.

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