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A number of articles which appeared in print media in the recent past signify the volatility in the economy. High volatility leads to vulnerability. Volatility and vulnerability are reflections of the haphazard nature of the economic policies and poor economic governance in a country. What is volatility? Volatility is the severity and the frequency with ...
- Achieving economic goals amidst global challenges (Category: Business)
- Raising the bar: The rise of the Sri Lankan economy (Category: Business)
- Lion leads frontier markets (Category: Business)
By Cassandra Mascarenhas Sri Lanka’s biggest ICT events of 2012, the ASOCIO international conference and the country’s national IT expo INFOTEL, will be held consecutively portraying the country’s persistent ICT development and the significance of the rapidly expanding industry. Hosted by the Federation of Information Technology Industry (FITIS), the Asian-Oceanian Computi...
- Nominations called for ICT Lifetime Achiever 2012 (Category: Business)
- Sri Lanka re-elected as Chair of UNESCAP ICT Committee third time (Category: Business)
- Microsoft Sri Lanka Partners ICTA for FutureGov SAARC Summit 2012 (Category: Business)
. Accordingly, the Sri Lankan Embassies in Russia, ...
- Foreign Ministry coordinates efforts through Sri Lanka.... (Category: Breaking News)
- Heads of Sri Lankan missions summoned for a special meeting today (Category: Breaking News)
- Guidebook on Sri Lanka in Russian published (Category: Business)
- Guide book on Sri Lanka in Russian language debuts (Category: Business)
NAIROBI (Reuters): Kenya’s horticulture export earnings are expected to grow by 10%this year thanks to above-normal rainfall, but the eurozone’s financial woes were expected to dampen demand for flowers, a senior industry official said on Monday. Horticulture is one of the east African country’s leading sources of foreign exchange alongside tea exports and tourism. The ...
- Japan corporate mood up despite yen worry (Category: Business)
- HE the President visits "Diyatha Uyana" at Battaramulla (Category: Breaking News)
- HE the President visits "Diyatha Uyana" at Battaramulla (Category: Breaking News)
- Nestlé to buy Pfizer baby food unit for $ 12 b (Category: Business)
Last week I had the opportunity of meeting Hermawan Kartajaya, one of the top 50 gurus who has shaped the world of marketing. His perspective to the changing landscape of marketing and what business must do sure opened my mind set to a new way of thinking business and Sri Lanka’s policy decision making. Hermawan ...
- Storm in Sri Lanka’s teacup: A more pragmatic approach is key (Category: Business)
- Eminent speakers at SLIM International Marketing Conference 2012 tomorrow (Category: Business)
- Honorary Fellow Dr. Hermawan Kartajaya visits SLIM (Category: Business)
- Driving marketing in the boardroom (Category: Business)
Tea is our pride, for which we can be proud of for the reason that it is the best tea on the globe. It is the duty of every Sri Lankan, especially the diplomatic missions worldwide, to defend and promote our silver inherited as much as the beauty of Sri Lanka which is matchless. Sri ...
- Hub is no hoodoo, says TEA (Category: Business)
- Sri Lanka secures direct access to fifth largest global buyer of Pure Ceylon Tea (Category: Business)
- Local tea industry in a fix (Category: Business)
- Storm in Sri Lanka’s teacup: A more pragmatic approach is key (Category: Business)
Playing off India against China and vice versa‘The Great Game’ was the name given to a diplomatic and military tussle between the British and Russian empires during the time of the British Raj in India for influence over what constitutes today’s central Asian states. Commonly known as the ‘Stan states,’ they were located along the ...
- Fearing political pressure, Sri Lanka president wants to avoid trade integrations with India (Category: Breaking News)
- Sri Lanka is no pearl on China’s string: President (Category: Business)
- From defence sales to electricity grids, India upgrades Lanka ties (Category: Business)
- In bid to counter China, US ramps up effort to boost military ties in Asia (Category: Breaking News)
Want to directly involve in the five-hub strategy in a big way Two new export zones coming, will act as India’s supply chains India to double bilateral trade to $ 10 b by 2015 $ 5 b Indian investments in various sectors now lined up $ 5 b investments are apart from huge outlay ...
- Top Lankan CEOs bullish post Indo-Lanka meet (Category: Business)
- Indian mantra for merry ties! (Category: Business)
- Indian interest - Sri Lanka readying for dedicated trade talks in March (Category: Business)
New York: Muslim tourists globally represent a lifestyle tourism market worth $ 126.1 billion in 2011, and growing at a rate of 4.8 per cent through 2020, compared to global average of 3.8 per cent, a study said. The new ground-breaking study, ‘Global Muslim Lifestyle Travel Market: Landscape & Consumer Needs,’ highlights how airlines, tourism ...
- Japan named partner country for ITB Asia 2011 (Category: Business)
- AMET Cruises to launch Kochi services to Maldives, Lakshadweep (Category: Business)
- New breed of Chinese traveller can be targeted by niche companies (Category: Business)
- Cyprus launches $26m tourism campaign (Category: Business)
According to the Thai Ministry of Tourism and Sports, Thailand recorded a 31% y-o-y increase in tourism receipts in 2011. The total earnings of 776 billion Baht (US$25.45 billion) were also well above the original target of 716 billion Baht (US$ 23 billion). The growth in total number of visitors is being matched by increased ...
- Thai Airways sacks President, jeopardising revamp (Category: Business)
- New York City set for record 50 million tourists in 2011 (Category: Business)
- Kenya 2011 tourism revenues up 32%, sees tough 2012 (Category: Business)
- Foreign visitors to US hit record 62 m in 2011 (Category: Business)
With affluence improving post-war as well as its value for money, Sri Lanka is among the fastest growing markets for tourism in Thailand. According to official data from Thailand, visitors from Sri Lanka grew by 20.85% to 32,878 in the first half of this year. Percentage growth wise it is one of the highest apart ...
- Asia Pacific tourism arrivals up 7% in July: PATA (Category: Business)
- Macau tourist arrivals surge (Category: Business)
- Tourist arrivals continue to shoot up (Category: Breaking News)
The Tourism Authority of Thailand has unveiled a series of strategies designed to maintain, enhance and promote Thailand’s brand image, marketing profile and visitor arrivals. TAT has set a 2013 target of 22.22 million international visitor arrivals, generating estimated foreign exchange revenues of 966 billion Baht (US$ 30.62 billion, based on the exchange rate of ...
- Thailand ranks as No. 1 outbound destination for Indian travellers (Category: Business)
- Chamber of Tourism and Industry Chief meets Thai Deputy PM and Tourism Minister (Category: Business)
- Discussion on ‘Bilateral Trade between Sri Lanka and Thailand’ (Category: Business)
- Huawei launches its largest-ever regional Seeds for the Future Program, inspiring digital talent... (Category: Breaking News)
By Cassandra Mascarenhas Setting its sights on placing Sri Lanka in the global economy and expanding its reach in overseas markets, the Sri Lanka Economic Summit 2012, the Ceylon Chamber of Commerce’s annual flagship event, aptly themed ‘Positioning Sri Lanka in the Global Economy,’ commenced last evening at the Cinnamon Grand. In the context of ...
- Lion leads frontier markets (Category: Business)
- Young political guns speak up for economy (Category: Business)
- Ceylon Chamber spearheaded repositioning post-war Sri Lanka forum kicks off today (Category: Business)
- Sustainability in volatility: The bankers’ challenge (Category: Business)
Tie-up with East West Properties to see 200-room, 11-storey Weligama Marriott Resort and Space come up in mid 2014Marriott International has announced the signing of an agreement with Weligama Hotel Properties Ltd., a fully-owned subsidiary of East West Properties PLC, to open a hotel in Sri Lanka – the Weligama Marriott Resort & Spa in ...
- Marriott International to open its first Sri Lankan hotel in 2014 (Category: Breaking News)
- Marriott International announces its first hotel in Sri Lanka (Category: Breaking News)
- Marriott Debuts in Sri Lanka (Category: Breaking News)
- Serene wins World Luxury Hotel Country Award again (Category: Business)
WASHINGTON: Developing countries should prepare for a long period of volatility in the global economy by re-emphasising medium-term development strategies, while preparing for tougher times, says the World Bank in the newly-released Global Economic Prospects (GEP), June 2012. A resurgence of tensions in high-income Europe has eroded the gains made during the first four months ...
- World Bank forecasts South Asia to grow by 6.4% in 2012 (Category: Business)
- Global economic outlook slowly improving but remains fragile (Category: Business)
- World Bank projects global slowdown, with developing countries impacted (Category: Business)
- Developing Asia’s growth to moderate amid global uncertainty, says ADB (Category: Business)
The International Air Transport Association (IATA) on Tuesday announced in Beijing that South African Airways will host the 69th Annual General Meeting (AGM) and World Air Transport Summit (WATS). The event will draw the top leadership of the air transport industry to Cape Town’s International Convention Centre from 2 to 4 June 2013. “South Africa ...
- Qantas’ Joyce is new IATA Chairman (Category: Business)
- IATA milestones in three initiatives: DDS, Distribution and Industry Awards (Category: Business)
- Aviation industry leaders to meet in Beijing on Monday (Category: Business)
- Sri Lankan Airlines joins ‘Oneworld alliance’ (Category: Breaking News)
Fresh push to woo Chinese tourists and tap greater share of two-way traffic, including to Maldives Upgrade brings total flights to four cities in China including Hong Kong to 21 per week By Nisthar Cassim in Beijing, China In a fresh push to woo more Chinese tourists as well as cater to growing two-way traffic, ...
- Sri Lankan to operate daily flights to Beijing and Shanghai (Category: Breaking News)
- SriLankan to start daily flights to Beijing and Shanghai from next week (Category: Business)
- oneworld CEO and team visit Colombo to welcome SriLankan on board (Category: Business)
- SriLankan to start daily flights to Beijing and Shanghai from next week (Category: Breaking News)
Given one month extension pending reconstitution Adding to the confusion and controversies, the Board of Directors of the BOI is in limbo with subject Ministry Secretary Dr. P.B. Jayasundera giving it a month’s extension. The move follows the tenure of the members of the Board ending recently and until the latest extension indicated this week, ...
- BOI says approvals up 100%, agreements signed by 25% in 1Q (Category: Business)
- Challenges for FDI (Category: Business)
- Ministry of Economic Development breaks silence; responds to tourism, BOI issues (Category: Business)
- FDI exceeds 1.5 billion USD target set by BOI for 2023 -State Minister of Investment Promotion (Category: Breaking News)
A document named ‘Growing Together’ prepared by UNESCAP for the sixty sixth session of ESCAP states that the realisation of what is termed as the ‘Asia Pacific century’ will depend on the region’s ability to harness the potential of regional economic integration. A shared history and culture, complementarities arising from their very different levels of ...
- Asia Pacific trade and investment (Category: Business)
- Challenging times for Asia Pacific (Category: Business)
- More challenging global environment ahead for Asia Pacific region (Category: Business)
- Asia sees red over ‘green economy’ (Category: Business)
Wide publicity has been given to the events unfolding at the Sri Lanka Tourism regarding the resignation of the Chairman from Sri Lanka Tourism Promotion Bureau, Sri Lanka Institute of Tourism and Hotel Management and Sri Lanka Convention Bureau and the performance of the Board of Investment. The media reports have given the impression that ...
- Basil bats for PB (Category: Business)
- BOI Board in limbo (Category: Business)
- Combined publicity blitz for Sri Lanka tourism still not 100% ready (Category: Business)
- Nalaka Godahewa tosses three tourism hats (Category: Business)
After the LTTE was defeated, a campaign designed to promote Sri Lanka as a leisure and investment destination labelled ‘The Small Miracle’ was shot down, ostensibly on the ground that the miracle was in no way ‘small’. The marketing value in Sri Lanka’s compact size, our rich biodiversity, the diversity of leisure locations and physical ...
- Lanka’s economic miracle turns sour (Category: Breaking News)
- ‘Burmese Lessons’ for Sri Lanka (Category: Business)
- Suu Kyi’s party claims landslide win in Myanmar vote (Category: Business)
MACAU,(Reuters): Russia is placing bets that plans to build a gambling and entertainment zone near the port city of Vladivostok will lure investors who have spent big money on casinos for Asian gamblers in Macau and Singapore. Vladivostok, located near China and known more for its oil and gas pipes
- Fungi Premium (Category: Business)
- The Latest: Pakistan's cases rise amid large gatherings (Category: USA, South Dakota)
- The Latest: Pakistan's cases rise amid large gatherings (Category: USA, South Dakota)
- The Latest: Pakistan's cases rise amid large gatherings (Category: USA, South Dakota)
The UNWTO has welcomed the Declaration issued by the Tourism Ministers of the G20 economies (T20) calling for priority to be given to facilitating travel as a means to boost economic growth and create jobs. The Declaration states, “To ensure that tourism can play a key role in creating employment opportunities, both directly and indirectly ...
- UNWTO and WTTC call on the G20 to use tourism’s potential for job creation (Category: Business)
- New UNWTO and ATM Forum to boost Middle East tourism (Category: Business)
- 415 m tourists expected worldwide during May-August peak season (Category: Business)
- Tourism vital to tackling global economic challenges: UNWTO (Category: Business)
Expolanka Holdings PLC yesterday acquired the controlling stake in Akquasun Holidays India (Pvt) Ltd. at a cost of US$ 915,000, thus further consolidating both its presence and strength in the leisure and travel sectors. Akquasun Holidays, the Mumbai-based destination management specialist is a B2B Destination Management network company. Primarily mandated to attracting traffic from emerging ...
- Expolanka acquires controlling stake in Akquasun Holidays for US$ 915,000 (Category: Business)
- Blockbuster holidays with HSBC this season (Category: Business)
- Travelon increases holidays on rail frequency (Category: Business)
- Ebert Silva Holidays wins tourism award for Colombo City tour (Category: Business)
Expolanka Holdings PLC yesterday acquired the controlling stake in Akquasun Holidays India (Pvt) Ltd. at a cost of US$ 915,000, thus further consolidating both its presence and strength in the leisure and travel sectors. Akquasun Holidays, the Mumbai-based destination management specialist is a B2B Destination Management network company. Primarily mandated to attracting traffic from emerging ...
- Expolanka acquires controlling stake in Akquasun Holidays for US$ 915,000 (Category: Business)
- Blockbuster holidays with HSBC this season (Category: Business)
- Travelon increases holidays on rail frequency (Category: Business)
- Ebert Silva Holidays wins tourism award for Colombo City tour (Category: Business)
The Ceylon Chamber of Commerce (CCC) signed a cooperation agreement with the Chamber for Promotion and Economic Development of the BRICS Countries (Brazil, Russia, India, China and South Africa) called ‘BRICS-PED’ recently. This special agreement will initially promote an identified
- PED Secretary discusses plans for spring semester (Category: USA, New Mexico)
- PED Secretary discusses plans for spring semester (Category: USA, New Mexico)
- PED Secretary discusses plans for spring semester (Category: USA, New Mexico)
- Mo-ped driver killed in collision with truck (Category: USA, South Carolina)
Dubai’s rapidly-expanding hotel industry has posted an all-time high of Dh16 billion ($4.35 billion) in revenues during the first quarter of 2012, marking an increase of 24% over last year’s figures. Dubai hotels also showed a nine% increase in guest numbers (which crossed the nine million mark), 22% jump in guestnights and a 12 per ...
- Solid growth in tourism for Dubai (Category: Business)
- Emirates offers luxury hotels savings for online bookings (Category: Business)
- Jumeirah opens ninth hotel in Dubai (Category: Business)
- Emirates Holidays offers winter getaways (Category: Business)
Sri Lanka’s embassy in Russia has completed an innovative project to further promote Sri Lanka as the preferred tourism destination among the Russian people. Under this project, which was ably supported by Sri Lanka Tourism, they have compiled a tourist guidebook on Sri Lanka in the Russian
- Guide book on Sri Lanka in Russian language debuts (Category: Business)
- Russian oil, tourism giant to set up shop in SL next month (Category: Business)
- Tourism targets 20,000 Russian travellers (Category: Business)
- Tourist guide book on Sri Lanka published in Russian language (Category: Breaking News)
Prospects for the global economy are slowly improving again, but growth is expected to be weak, especially in Europe, and unemployment in many advanced economies will stay high, according to the IMF’s latest forecast. Although action by policymakers in Europe and elsewhere has helped to reduce vulnerabilities, risks of a renewed upsurge of the crisis ...
- IMF marks down global growth forecast, sees risk on rise (Category: Business)
- World Bank projects global slowdown, with developing countries impacted (Category: Business)
- G20 moves to line up huge rescue deal for April (Category: Business)
- World economy fragile, faces “uneasy calm” – IMF (Category: Business)
Sri Lanka’s embassy in Russia has completed an innovative project to further promote Sri Lanka as the preferred tourism destination among the Russian people. Under this project, which was ably supported by Sri Lanka tourism, they have compiled a Tourist Guide Book on Sri Lanka in the Russian
- Guidebook on Sri Lanka in Russian published (Category: Business)
- Russian oil, tourism giant to set up shop in SL next month (Category: Business)
- Sri Lanka introduces a guide book in Russian language (Category: Breaking News)
- Tourism targets 20,000 Russian travellers (Category: Business)
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