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LOLC gets approval to build hotel in Port City!

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Preliminary approval has been given to set up an international school, a hospital of international standards, a financial center and a tourist hotel of international standards in the Colombo Port City.

The international school, which can cater to about 1,000 students, is a project of about USD 40 million.

The 1,000-bed international hospital is an investment of USD 105 million.

The International Financial Center is a USD 500 million investment and construction is scheduled to begin in the next three months.

It was reported that about USD 14 million will be spent for the initial construction of a five-star hotel named Marina Hotel which is an investment by the reputed firm LOLC.

Accordingly, the total investment value is about USD 650.9 million.

Source – Deshaya

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Kottu, Fried Rice prices reduced

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The All Ceylon Restaurant Owners’ Association has decided to reduce prices of several food items, following the reduction in gas prices that was announced earlier today (May 03). 

Accordingly, the Association announced that the prices of Fried Rice and Koththu will be reduced by Rs. 20 while prices of shorteats will be reduced by Rs. 10.

However, prices of plain tea and milk tea are to remain unchanged, the Association adds.

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Laugfs Gas also slashes prices

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Laugfs Gas has also reduced its LP gas prices with effect from midnight today (May 03) following the price reduction by Litro Gas.

Accordingly, the price of a 12.5kg cylinder has been reduced by Rs.275 to Rs. 3,840 while the the price of a 5kg cylinder has been reduced by Rs.110 to Rs.1,542.

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Litro gas prices reduced

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Litro Gas Lanka has reduced the prices of domestic LP gas cylinders with effect from midnight today (May 03).

According to Chairman of Litro Gas Lanka – Muditha Peiris, the price of the 12.5 kg cylinder has been slashed by Rs. 175 to Rs. 3,940 while the price of the 5 kg cylinder has been reduced by Rs. 70 to Rs. 1,582. The price of the 2.3 kg cylinder has been reduced by Rs.32 to Rs.740.

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