Outotec to build EUR70m water treatment plant in Sri Lanka
Finnish construction and engineering company Outotec Oyj said today the government of Sri Lanka has awarded it a contract of more than EUR70m to build a water treatment plant that will supply drinking water. The company will build the facility in Ampara district on the eastern coast of Sri Lanka under a project for the provision of treated pipe-borne water to more than 75% of the district. Outotec completed the first and second phase of the project in 1999 and 2002, respectively. The completion of the current phase three is expected in November 2013.
Highlights of proposals in the Budget 2011
40 People Who Changed the Internet
The world has become tightly connected since the internet. The web itself has replaced the practice of reading newspaper. Most of us now communicate through e-mails instead of paper and pen. We now watch networks or movies online, it has even become a wide business venture, so much so we can now make purchase and pay our bills through the internet. The web has also transformed friendships through various social media. It also provides us the possibility to reconnect with people from our childhood and it can be a life changing event.
Sri Lanka Exports More Pepper In 2010: IPC
Up to September 2010, export of pepper from Sri Lanka to India has reached 9,073 mt as against 3,710 mt in the same period last year. In 2010, Sri Lanka is estimated to produce around 16,700 mt and it is expected that more than 10,000 mt is for export.
Sri lanka cuts bank taxes but hikes tax on stock trading
Sri Lanka has cut a series of taxes on banks in a bid to increase banking activities, but raised a tax on stock trading, President Mahinda Rajapaksa said presenting the budget for 2011 in parliament.
A debit tax on withdrawals from banks would be lifted and a so-called financial value added tax would be cut from 20 to 12 per cent, Rajapaksa said.
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