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ITC Ratnadipa Colombo launched (Pics)

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President Ranil Wickremesinghe declared open the super-luxury hotel ‘ITC Ratnadipa Colombo’ which boasts Sri Lanka’s first ever sky bridge ‘AHASA ONE’ connecting two towers at a height of 100m above the ground.

ITC’s Hotel Group, one of India’s leading luxury hotel chains, is reported to have invested close to INR 3,000 crore in the luxury Sri Lankan property, which is being set up under a subsidiary WelcomHotels Lanka. The luxury hotel – ITC Ratnadipa in Colombo – reportedly features about 352 rooms.

The USD 500 million + ITC development, comprising the Sapphire Residences and super-luxury hotel ITC Ratnadipa, occupies pride of place at the centre of Colombo’s most prestigious ocean front location.

Overlooking the Galle Face and the Indian Ocean on one side and the Beira Lake on the other, this landmark is already redefining the city’s skyline.

Speaking at the event,President Ranil Wickremesinghe expressed his dedication to fostering an economic landscape in the nation that would prevent future struggles among its citizens. Emphasizing the swift reconstruction of the economy within a mere two-year span, he underscored his resolve to elevate the standard of living by fortifying the economy’s resilience.

extended a warm welcome, the President said, “ITC welcome to Sri Lanka.” He highlighted the prominent hotels in the vicinity, including the historic Galle Face Hotel which is bestowed as the first five-star hotel in Asia, the Taj Hotel from India and the Shangri-La Hotel from Singapore. He emphasized the significance of the newly established ITC Ratnadipa Hotel, positioned among these esteemed establishments by its height. He mentioned the forthcoming Cinnamon Life project located behind the hotel.

Prime Minister Dinesh Gunawardena, former Presidents Chandrika Bandaranaike Kumaratunga and Gotabhaya Rajapaksa, along with a host of ministers and dignitaries including Minister Ali Sabry P.C., Minister Prasanna Ranatunga, Senior Advisor to the President on National Security and Chief of Presidential Staff Sagala Ratnayaka, former Minister Ravi Karunanayake and Indian High Commissioner to Sri Lanka H.E. Santosh Jha, were among the distinguished guests present at the event. Also in attendance were General Shavendra Silva and the Chairman and Managing Director of ITC Ltd Mr. Sanjiv Puri among others.

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1st stock of imported coconut milk to undergo clearance, lab testing today

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The first consignment of imported coconut milk under the Government’s raw material importation programme is scheduled to undergo clearance and laboratory testing today (31), as part of a coordinated initiative by the Plantation Industries Ministry.

This initiative, approved by the Cabinet, aims to supply essential raw materials to industries linked to the coconut sector, aiming to reduce domestic coconut prices and support local manufacturers. The consignment currently under clearance includes products equivalent to 200 million coconuts. They are in the forms of frozen coconut milk, coconut milk powder and chunked coconut with testa (non-copra), imported as part of the programme initiated in March 2025. The stock will be used primarily in the coconut milk powder industry, which has been facing raw material shortages. The Plantation Industries Ministry expects this move to reduce the pressure on local coconut supplies and contribute to a drop in retail coconut prices.

(dailynews.lk)

(Except for the headline, this story, originally published by dailynews.lk has not been edited by SLM staff)

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BoC employees to strike over unpaid incentives

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Employees of all Bank of Ceylon (BoC) branches have decided to walk out of service at 12.30 pm today (May 29).

The decision has been taken over the current management not taking the initiative to provide them with the 06-month incentive package approved by the Board of Directors, according to the Bank Employees’ Union.

Central Committee member of the Bank Employees’ Union – Najith Wijeratne, stated that they will initiate a token strike if this issue is not resolved by June 06.

BoC employees have also held lunchtime protests yesterday (May 28) in front of 22 branches in major cities islandwide.

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Imported salt released to market

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The National Salt Ltd. says that 2,800 MT of salt imported from India have been released to the market.

It says the food-grade salt stock, which arrived on May 23, is being distributed to the market through local salt sales agents for consumer sale.

The Ministry of Industry and Entrepreneurship Development states that Lanka Salt Ltd. is importing 10,000 MT of salt, while over 100 importers, including those from Pettah, are bringing in an additional 100,000 MT.

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