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,
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.
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.