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By Rashika Fazali The night was bright with award winners celebrating their accomplishments, joyful co-workers, companies highlighting their achievements and personalities in the industry voicing their thoughts and praise for the industry’s success. It was a big night for everyone who witnessed the fifth annual Sri Lanka Tourism Awards for 2011.
By Reshma Kapadia Emerging Markets Daily: With so much angst over India, some investors are looking for other ways to play the subcontinent and setting their sights on Sri Lanka. The country, a major shipping hub attracting a good deal of investment from China, is rebuilding after a three-decade civil war that left parts of ...
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently recognised 20 top companies as Strategic Level training partners at a special ceremony held at the institute’s Colombo 7 premises. The 20 companies representing the non-public practice sector hailed from diverse areas including banking, textiles, telecommunication, insurance, tourism and plantation, giving the instit...
ABU DHABI (Reuters): Abu Dhabi launched operations at a multi-billion dollar port facility on Saturday, seeking to diversify its oil-based economy with a project that could intensify competition for the region’s shipping traffic with neighbouring emirate Dubai. Abu Dhabi Ports Co (ADPC) said Khalifa Port, built on a man-made island in the Taweelah area, and ...
If the weather remains perfect, the finals of the first-ever T20 Sri Lanka Premier League (SLPL) will be played between Nagenahira Nagas and Uva Next tonight at 8 p.m. at Kettarama. Both teams were considered underdogs, whilst high profile teams such as Wayamba United, Basnahira Dundees, Ruhuna Royals as well as Kandurata Warriors were among ...
By Marianne David and Cheranka Mendis The safari savagery that erupted last week with mobile tented safari operators being attacked seems to have reached a ceasefire of sorts, following two meetings between stakeholders on Wednesday. Employees attached to Mahoora Safari Camps, Kulu Safaris and Leopard Safaris were assaulted by mobs affiliated to the Tissamaharama Jeep ...
After 24 exciting matches, the Mahindra Sri Lanka Premier League is finally drawing to a close at the R. Premadasa International Stadium today. The tournament, which kicked off on the 10th of August with the grand opening ceremony at the Sugathadasa Indoor Stadium, provided the cricket-loving public of Sri Lanka an opportunity to watch the ...
Human rights Human rights are on the top of agenda today. Nations accuse each other of violations of human rights of themselves and others. Rights are generally violated during conflicts and wars as the strength of the weapon supersedes peace over and stability and rule of law. There is no shortage of conflicts in most ...
Robinson Crusoe is very much alive! He has been living alone in Australia’s Restoration Island for 20 years. Well, not quite alone. He has some company, a dog and a mannequin. The Aussie Government handed a third of the island to businessman David Glasheen who promised to build a fishing resort. But fate had other ...
Dr. Nalaka Godahewa yesterday assumed duties as the new Chairman of the Securities and Exchange Commission (SEC). After a meeting with President and Finance Minister Mahinda Rajapaksa, Godahewa visited the SEC premises around 3:30 p.m., had a discussion with the Directors and thereafter spoke to the Secretariat staff. Prior to assuming duties, Godahewa attended a ...
Budget carrier SpiceJet on Wednesday said it will start services between Madurai and Colombo from 20 September. “SpiceJet will be the first airline to operate regular international services from Madurai. We hope the direct flight will help boost tourism between the two countries,” SpiceJet CEO Neil Mills said. Madurai is the second Indian destination, which ...
WASHINGTON, (Reuters): Singapore’s economy is set to weaken this year on the back of weaker global demand and related international financial and trade strains emanating from the euro zone debt crisis, the International Monetary Fund said on Monday. “Under the benign global baseline scenario, growth is forecast to soften this year to just below 3 ...
IFC, a member of the World Bank Group, this week hosted an advanced trade finance seminar in Colombo to train bankers from Sri Lanka and Maldives on using sophisticated trade finance products, the better to serve small entrepreneurs engaged in international trade. The five-day training program, sponsored by the government of Japan, helps bankers identify ...
Since its inception in May 2012, the Maalu Maalu Resort and Spa as a socially responsible company has taken an initiative to help and improve the local community, setting the benchmark for other hotels coming up in the region and simultaneously promoting sustainable tourism in Passikudah.
For a long time cruising is a term exclusively used by richest of the rich. With the surprising growth in the cruise tourism industry, the parameters of defining the market segment for cruise ship operators have changed from richest to the ordinary holiday makers.
Nalaka Godahewa Master of Business Administration (University of Sri Jayewardenepura) Professionally qualified in three different disciplines of management – engineering, marketing and finance PhD in Marketing (University of South Australia) BSc. Eng. (Hons) specialised in electronics and telecommunication engineering (University of Moratuwa) Chartered Marketer (UK) – FCIM Chartered Ma...
A top South African business delegation will be arriving in Colombo next week. The delegation consists of no less than 30 leading business members of the Progressive Business Forum of African National Congress (ANC-PBF), the ruling ANC’s influential business collective. The delegation will be in Sri Lanka from 5-8 September. “We warmly extend our welcome ...
Commissioners given freedom to decide future course with regard to DG post Dr. Jayasundera says top professionals picked to give leadership to a sound capital market growth Priyantha and Sujeewa served as Commissioners under Indrani Sugathadasa as well Opposition and certain market segments decry choice of men given their conflicting roles By Nisthar Cassim Likely ...
The Sri Lanka Institute of Marketing (SLIM) together with the Bucks University featured the 2012 award winners from Singapore of global business associations and chief marketing officers under the theme ‘Is The Party Over?’ at Galadari Hotel, where a select audience of 200 business and marketers attended the event. Some of the key points discussed ...
By Cheranka Mendis Some 45 foreigners from 20 nationalities will be traversing the island in three-wheelers starting 31 August taking part in the 12 day Lanka Challenge organised by Large Minority for the fourth consecutive year. An innovative promotion model for Sri Lanka through adventure tourism, Lanka Challenge will take the participants to Jaffna for ...
By Marianne David and Cheranka Mendis Sri Lanka Tourism yesterday told the Daily FT that the Department of Wildlife would set up a meeting with both the Tissamaharama Jeep Association and the officials of the three tented mobile safari operators in order to arrive at “an amicable settlement,” following the recent assaults on the operators ...
The Embassy of Sri Lanka in Tokyo, Japan has announced that the Ninth Sri Lanka Festival will be held on 8th and 9th of September, 2012 in Tokyo under the theme “Miracle Island: Sri Lanka – Wonder of Asia”. Sri Lanka this year marks the 60th anniversary of the establishment of diplomatic relations between the ...
The world leading international Emergency Services Company, Falck (Denmark) has acquired 50 percent of Sri Lankan Emergency Medical Services (EMS) company, Med1 (Pvt) Limited. Med1 plans to launch emergency medical response services in the Colombo area by the end of 2012. “The partnership between Med1 and Falck not only enables us to implement a high-class ...
It is widely speculated that Sri Lanka Tourism Development Authority (SLTDA) Chief Dr. Nalaka Godahewa will be appointed as the Securities and Exchange Commission’s (SEC) new Chairman, following the contentious resignation of Tilak Karunaratne.
Dr. Nalaka Godahewa has resigned as the Chairman of Divasa Finance Ltd. last week. Analysts widely believe the move as a precursor to the impending appointment of Dr. Godahewa as the new Chairman of the Securities and Exchange Commission (SEC), which the Daily FT exclusively reported on Saturday. Godahewa however remains as Chairman of Colombo ...
Given first half performance, believes several 2012 Roadmap targets will be missed UNP MP and its chief spokesman on the economy Dr. Harsha de Silva yesterday claimed that most of the Central Bank’s 2012 Roadmap targets were likely to be missed, based on below par performance on the external trade front during the first half. ...
Tissamaharama Jeep Association turns violent; threatens wild life tourism operators By Cheranka Mendis The three tented mobile safari operators within the Yala National Park have been threatened by the Tissamaharama Jeep Association on Friday and Saturday to cease operations within five days, accusing them of eating into the share of local jeep operators’ business. The ...
Etisalat, a leading global mobile telecommunication service provider, opened its state-of-the-art store at the Bandaranaike International Airport (BIA) recently. As the country experiences an influx of tourists and expects a further growth in the tourism industry, Etisalat, having an over 167 million global customer base across 17 countries, is currently the most skilled and ...
By Shanuka Tissera Leading bankers were given the opportunity to discuss the method of approvals of OPIC funding and political risk insurance, facilitated by the International Executive Service Corps (IESC) and the American Chamber of Commerce Sri Lanka (AMCHAM) for US equity sponsored projects. The keynote address was delivered by the Governor of the Central ...
Visa has taken its first steps towards entry into Myanmar (previously known as Burma) with a series of training workshops to prepare selected local banks for the introduction of electronic payments as the country continues its economic and social reforms. The workshops are aimed at upgrading the banking facilities to accept and issue international payment ...