News
Port City Colombo marks 7th anniversary with vertical development set to commence
Port City Colombo, the largest and most ambitious development project ever undertaken in Sri Lanka, proudly marks its 7th anniversary since the initial land reclamation work commenced in 2014.
During this period, the project has committed USD 1.4 billion of foreign direct investment to Sri Lanka for initial reclamation and internal infrastructure development. The project is expected to attract USD 15 billion in the 25 years of its development phase.
Last year, China Harbour Engineering Company (CHEC) and Browns Investments PLC announced their joint venture of the first vertical development at Port City Colombo – the Colombo International Financial Center (CIFC). CHEC, as the leading partner, recently entered into a Cooperation Term Sheet to begin development work on the CIFC Mixed Development Project. This will be the first of many landmark development projects planned for Port City Colombo. China Harbour Engineering Company and its partners will further enter into an investment agreement with the Government of Sri Lanka shortly with the aim of commencing development work before the end of 2021.
The passing of Port City Economic Commission Act in Parliament and the appointment of the Commission is a significant milestone for Port City as it marks seven years of existence. Over the past seven years, Port City has undertaken an unprecedented transformation of the very topography of Colombo. In the years to come, Port City Colombo looks forward to leading the transformation of the face of the city, helping Colombo take its place among the great cities of the world. Further, Port City awaits for Covid restrictions to relax to open the Marina and beach areas to the public upon government approval.
Port City Colombo is a brand-new city development built as an extension of the existing Colombo CBD, with an initial investment of USD 1.4 billion and an expected USD 15 billion overall investment when completed. Port City Colombo’s entire reclaimed land of 269 hectares is owned by the Government of Sri Lanka (GoSL). Ninety one hectares of land is dedicated for common amenities such as parks, green shaded roads etc. while 178 Ha are slated for state-of-the-art developments constituting A Grade office, retail destinations, unique residential developments, medical facilities, educational facilities, an integrated resort, a luxury marina, hotels and other lifestyle developments.
News
Malaysia declares emergency in Sarawak as haze from Indonesia worsens
Malaysia has declared a state of emergency in a district in Sarawak state after haze caused by wildfires in neighbouring Indonesia increased air pollution to “hazardous” levels.
King Sultan Ibrahim “has consented to the declaration of emergency throughout Serian Division, Sarawak, following haze conditions that have reached air pollution levels hazardous to public health and safety”, Prime Minister Anwar Ibrahim’s office said in a statement on Thursday.
The declaration followed a formal request from the Sarawak Disaster Management Committee after the region’s Air Pollutant Index reached levels warranting consideration of a local emergency.
Under the order, 647 schools in Serian will close from Monday until at least the end of next week, alongside government and private offices, plantations, construction sites and quarries, with only essential services continuing to operate.
The state’s disaster management authorities said a three-day cloud-seeding operation launched on Thursday would be extended to at least Monday, citing forecasts of “more conducive cloud formations” during that period.
Sarawak State Disaster Management Committee chairman Douglas Uggah Embas, speaking at a news conference in Kuching, stressed that the emergency applied only to Serian, not the entire state, but urged residents there to take the situation seriously.
“Please minimise outdoor activities and avoid strenuous activities outdoors,” he said.
Sarawak, in the northern part of Borneo island, has been heavily affected by haze for weeks, as have the neighbouring states of Sabah and Peninsular Malaysia.
(Aljazeera)
Latest News
Sun directly overhead Moratuwa, Kesbewa, Handapangoda, Idalgashinna, Yudhaganawa, Kotiyagala and Panama about 12.08 noon today (05)
The sun is going to be directly over the latitudes of Sri Lanka from 28th of August to 07th of September due to its apparent southward relative motion.
The nearest places of Sri Lanka over which the sun is
overhead today (05) are Moratuwa, Kesbewa, Handapangoda, Idalgashinna, Yudhaganawa, Kotiyagala and Panama about 12.08 noon
News
Namal remanded until Sept. 18 over Airbus deal investigation
Sri Lanka Podujana Peramuna (SLPP) National Organiser and Parliamentarian Namal Rajapaksa was yesterday remanded until September 18 by the Colombo Chief Magistrate’s Court following his arrest by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) in connection with an investigation into the controversial SriLankan Airlines Airbus aircraft transaction.
Rajapaksa appeared before the CIABOC at around 9.15 am yesterday to record a statement after being summoned over the transaction. He was taken into custody following several hours of questioning and subsequently produced before the Colombo Chief Magistrate.
The investigation centres on allegations surrounding the acquisition of six Airbus A330 and eight A350 aircraft by SriLankan Airlines in 2013, in connection with an alleged USD 2 million bribe.
Former SriLankan Airlines Chief Executive Officer Kapila Chandrasena and his wife, Priyanka Niyomali Wijenayake, had previously been named in connection with the alleged bribery.
Chandrasena was arrested on March 12 as part of an investigation launched by the CIABOC under the Anti-Corruption Act and was subsequently released on bail. He was later found dead on May 8 while on bail, with police suspecting that his death was a suicide.
Open warrants have been issued for the arrest of Wijenayake, who is named as the second suspect, and Shamindra Rajapaksa, named as the third suspect, in the case pending before the Fort Magistrate’s Court in connection with the Airbus transaction.
The investigation has also received assistance from Airbus, with a delegation from the company’s parent group in France visiting Sri Lanka during the first week of August. The delegation provided statements and other assistance to the CIABOC as part of the ongoing inquiry.
Rajapaksa’s arrest and remand yesterday mark a further development in the widening investigation into the controversial aircraft deal.
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