Bank of Ceylon, a Sri Lanka state owned bank has planned to build a 5 star Diamond Hotel which will have 500 rooms after the completion of the three stages.

The hotel will be developed in Grand Oriental Hotel owned by the Bank of Ceylon and adjoining lands owned by the Police Department which are situated in prime land in Colombo Fort.

The heritage outlook of the 170 year old colonial era Grand Oriental Hotel is to be safeguarded in the development.

Bank of Ceylon expects US $ one billion investment in the public private partnership (PPP) basis.

Bank of Ceylon has prepared a comprehensive redevelopment project proposal in this regard.

Grand Oriental Hotel came into being in 1870. In 1954, it was handed over to the Bank of Ceylon following negotiations for a price of Rs. 6, 250,000. In 1963, the hotel was renamed as Hotel Taprobane. The re-designing was undertaken by famous architect Mr. Geoffrey Bawa in 1966, which saw the birth of the restaurant – the Harbour room, which overlooked the Colombo port.
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Sri Lanka government has decided to apply for the membership of the International Sugar Organization.

The cabinet of Ministers has endorsed a proposal set forth by the Ministry of Minor Export Crop Promotion in this regard.

The International Sugar Organization which was launched in 1962 is an intergovernmental body devoted to improving conditions on the world's sugar market through debate, analysis, special studies, transparent statistics, seminars, conferences and workshop.

It presently has a membership of 50 nations including European Union. The annual per capita consumption of sugar in Sri Lanka is around 30 kg and the current total annual requirement of sugar in the country is about 550,000 metric tons. Sri Lanka produced 35,000 metric tons of sugar in 2011.

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Governor of Central Bank Ajith Nivard Cabral will present the President Mahinda Rajapaksa a commemorative coin issued by the bank to mark the 60th anniversary of the diplomatic relations between Sri Lanka and Japan today at the Temple Trees.

The commemorative one thousand rupee silver proof coin will be issued to public since today. In obverse, the coin carries a colour print image of the Upper Kotmale Hydropower Project, located within the central hills in Sri Lanka built with the assistance of Japan. This is the first coin minted in Japan and first coin with an actual multi-colour photograph.

Sri Lanka established diplomatic relations with Japan in 1952 and since then, the two governments have enjoyed a very prosperous and steady friendship with the Tokyo also contributing to several government initiatives and infrastructure projects in Sri Lanka.

First-Strike of the issuance of 1,000 Rupee Commemorative Silver Coin, Ceremony was held at the Japan Mint of Tokyo Bureau on 4th of October, 2012. It was conducted by Ambassador of Sri Lanka to Japan, Admiral Wasantha Karannagoda with the participation of the former Prime Minister of Japan and Honorary Chairman of Japan Sri Lanka Association, Mr. Yasuo Fukuda.

The Japan Mint, the Government entity which issues coins, made the commemorative silver coin as per the order by the Central Bank of Sri Lanka.

This is the 59th commemorative coin issued by the Central Bank of Sri Lanka.

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India Show - Land of Limitless Opportunities organised by the Confederation of Indian Industry (CII) in partnership with the Ceylon Chamber of Commerce will be held from August 3 to 5 at Bandaranaike Memorial International Conference Hall (BMICH), Colombo.

The India Show is supported by the Indian Ministry of Commerce, Industry, India High Commission and India Brand Equity Foundation (IBEF).

India Show includes a three day exhibition at BMICH, visit of ministerial delegation, visit of high level business delegation, business conference, meetings, a cultural evening and a gala dinner.

Indian Minister of Commerce, Industry and Textiles Anand Sharma will visit Sri Lanka from tomorrow to August 5 coinciding with the India Show. The minister will be accompanied by a high level official and business delegation.
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Ceylon Petroleum Corporation sources say that the Sapugaskanda petroleum refinery will be re-opened on August 05.

Sapugaskanda Petroleum Refinery was shut since July 2 for regular maintenance. Ceylon Petroleum Corporation spends Rs 700 million for the maintenance.

Around 1200 employees are busy with the regular maintenance activities making the plant ready back for operations since August, a spokesman of the Ceylon Petroleum Corporation said. Certain media reports recently indicated that three machines of the refinery have broken down. However, Petroleum Corporation rejected the claim.

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Sri Lanka's ruling Sri Lanka Freedom Party (SLFP) sources say that steps have been initiated to sack 24 party politicians outright from the party.

These politicians are accused of crime like murder, rape, assault and corruption. Among these politicians, there are one mayor, four chairmen of local councils and 19 members of them.

SLFP sources say that the party is considering stern disciplinary action against another mayor and a Provincial Councilor.

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Sri Lanka government has planned a new method of giving information to the international police in case of loss of passport.

If the passport is lost in Sri Lanka, the bearer should complain to the nearest police and inform to the telephone number 011-5329501 of the Department of Immigration and Emigration.

The Department will take actions to cancel the passport and to give its details to the international police.

The bearer needs to apply for a new passport. The lost passport cannot be used even though it is found later.

The bearer may be responsible for offenses committed by other persons using the lost passport.

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