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President opens ‘Blue Orbit’ today; Dilith Jayaweera as Director

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President Ranil Wickremesinghe is to open South Asia’s first revolving restaurant and a banquet hall today.

The project is a joint venture between Colombo Lotus Tower management which will have an 80 percent stake and Citrus Leisure PLC. The ‘Blue Orbit’, South Asia’s tallest restaurant and Sri Lanka’s first-ever revolving restaurant will create new icon for the country.

Citrus Leisure PLC is chaired by Prema Cooray, and Derana owner Dilith Jayaweera, who is ready to run as a candidate in the upcoming presidential election, is also a director.

The directors of Citrus Leisure PLC include Varuni Fernando, Chandana Talwatte, Sarva Amarasekere, Rajinda Seneviratne, Manoj Pilimatalawwe, Suresh De Mel and Vasula Premawardhana.

With seating capacity for 225 guests at any given time, the Blue Orbit promises an extraordinary dining experience with culinary creations designed to tantalise true connoisseurs. This restaurant will feature an extensive international buffet for lunch and dinner, operating from 11.00 am to 11.00 pm.

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CSE to close early for LG polls

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The Colombo Stock Exchange (CSE) has announced that trading hours will be shortened on May 06, in view of the Local Government Elections.

On that day, trading, which commences at 9.30am, will conclude at 12:30pm – two hours earlier than the usual closing time of 2:30pm.

The CSE stated that the decision was made to accommodate the convenience of investors, staff, and other market participants during the election day.

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Coconut prices soar

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Consumers are struggling due to a sharp rise in coconut prices across the country.

Traders say large coconuts now sell for Rs.200 – 250, while smaller ones range from Rs.175 – 190.

The steep price hike is straining household budgets and impacting small businesses that depend on coconuts for daily food preparation.

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More restrictions on vehicle imports eased

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The Ministry of Finance has issued a new gazette notification easing several more restrictions on vehicle imports, with effect from April 29, 2025.

The directive, issued by President Anura Kumara Dissanayake in his capacity as the Minister of Finance, Planning and Economic Development, paves the way for the clearance of several types of vehicles that had been stranded at ports due to previous restrictions.

Commenting on the development, Chairman of the Sri Lanka Vehicle Importers’ Association Prasad Manage said: “We’ve been unable to clear these vehicles for the past one and a half to two months. With the new gazette, we can now release hybrid models such as the Toyota Raize and the Nissan X-TRAIL. Other hybrid vehicles using similar technology have also been approved for clearance.”

In a related move, the government has also lifted the ban on the import of unregistered new motorcycles. A separate gazette notification has been issued allowing the import of new motorcycles under a licensed import scheme.

(adaderana.lk)

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

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