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PR.com: Escape Holidays, an innovative and interesting online destination management company and travel agency based in sri Lanka, has recently launched their new consumer website: SriLankaandMaldives.com – a site that offers simply the very best selection of hotels, resorts, and tour packages. SriLankaandMaldives.com is the first travel website that specialises in and specifically caters fo...
Economic Development Minister Basil Rajapaksa opened andlsquo;Jungle Beach,andrsquo; the first new style Resort in the Kuchchaveli Tourism Development Zone last Friday (22 June).
Leader in processed meat Keells Food Products Plc is doubling its capacity with the purchase of production facility of D&W Foods Ltd., at Pannala for Rs. 700 million. The Company also announced a Rights Issue to raise Rs. 1.02 billion. Both moves are subject to shareholder approval at an EGM. D&W Foods is located at ...
In a major breakthrough for Sri Lanka Cricket, all seven Sri Lanka Premier League (SLPL) Franchises have been snapped up with bids worth over $ 30 million received, above the targeted minimum of $ 21 million. When the deadline for bids closed yesterday, the seven franchises had racked in an average bid of $ 4.31 ...
Around two weeks back when I was invited to address the business chambers of Pakistan in Karachi, I realised that the bond between the people of Pakistan and Sri Lanka was not due to business or commerce but the game of cricket. Whenever I mentioned cricket in my addresses, there was a round of applause ...
Halal World, the magazine which was launched a year ago has, in partnership with UTO EduConsult and KPMG, will hold the first ever Islamic Banking Industry Awards in July. It has made this initiative to recognise mainly the many players in the IBF industry for their contribution towards its growth. Halal World focuses on the ...
The 60-room Monty’s will be a brand new midscale property in the heart of the Nepalese capital Kathmandu. The hotel will be located on Thamel Road, an area of downtown Kathmandu famed for its vast array of local restaurants and boutique shops selling handicrafts and souvenirs, as well as mountaineering outlets catering to Nepal’s booming ...
Hospitality consulting group C9 Hotelworks released its Pattaya Hotel Market update this week, which highlights a nine per cent surge in hotel occupancy last year as a clear indication of an upward cycle. An increase in branded hotel offerings has induced greater demand with the chain-operated properties hitting 74% annualized occupancy for the year ending ...
The Prime Minister of Papua New Guinea, Peter O’Neill has unveiled plans to invest Kina 10 million (roughly $4.8 million) per year over the next five years into global tourism campaigns designed to boost Papua New Guinea’s international visitor arrival numbers. Tourism, he said, was an untapped resource and one that was often forgotten in ...
Economic Development Minister Basil Rajapaksa opened ‘Jungle Beach,’ the first new style resort in the Kuchchaveli tourism development area on Friday, June 22. Jungle Beach is the second resort owned and operated by UGA Resorts (Pvt) Ltd., the first being Ulagalla Resorts in Anuradhapura. UGA is a subsidiary of the FINCO Group. This is the ...
Emirates, the leading international airline of the UAE, will mark 25 years of its service to London Gatwick with the launch of the airport’s first Airbus A380 service on July 6. The A380 will operate one of Emirates’ three daily flights to Gatwick, enabling passengers to experience the world-renowned amenities on board. These include the ...
Japan Airlines has requested approval from the Japanese Ministry of Land, Infrastructure, Transport and Tourism (MLIT) to apply a lower level of fuel surcharges on all its international passenger tickets issued between 1 August and 30 September 2012. JAL sets fuel surcharge levels bimonthly based on the 2-month average price of Singapore kerosene-type jet fuel. ...
Over 25,000 passengers carried in eight months with Kandy, Badulla, Trinco and Vavuniya as destinations Ever since its launch in October 2011, Expo Rail has been on an upward drive redefining rail travel in Sri Lanka. With four destinations in its portfolio – Badulla, Kandy, Trincomalee and Vavuniya – Expo Rail has, in the past ...
Sri Lanka has a very good potential to be a top tourist destination in the region and is unique in its natural beauty, against any competitor in the region, a top diplomatic group from United Kingdom (UK) stated.
Washington DC: ‘Sri Lanka and the Kandy Esala Perahera,’ a photographic masterpiece by renowned photographer Michael Sarnacki was ceremonially launched in Washington DC this week. The Embassy of Sri Lanka in Washington DC sponsored the event as part of its robust program to promote Sri Lanka as a tourist destination in the United States. The ...
The Sri Lanka Banks’ Association (SLBA), which represents the licensed banks operating in Sri Lanka, in a statement, said yesterday that it was concerned over the statement made by Standard and Poor’s. SLBA said S&P’s statement was issued on 20 June, where attention was drawn to concerns over credit risk in the banking industry. Concerns ...
Zhara HS, A well known name in the local hotel software industry today will be establishing footprint in the upper west coast of Sri Lanka in the near future with its recent alliance with Baywatch Eco Resort Village Kalpitiya; a unique property built on the concept of ethical eco tourism on the magnificent upper western ...
By Cheranka Mendis NDB Group yesterday introduced full service investment banking operations with the re-launch of Capital Development and Investment Company (CDIC) under a new corporate identity as NDB Capital Holdings Plc. NDB Capital Holdings CEO and Director Vajira Kulatilaka (second from left) addresses the media yesterday. Others from left are NDB Capital Holdings Chief ...
WOKE up as usual to a nursery rhyme. The Bread Man, who blares the same old tune over a megaphone every day, runs two jobs; one of waking up Sri Lanka, a job coercively collared from the rooster and the other selling bread and buns. The ice cream man comes later on in the day, ...
With a focus in the ‘provision of effective business solutions’, Peercore IT is an Australian-based company that specialises in the “design and implementation of strategic business information systems. The company’s fully-fledged branch office in Sri Lanka leads the way in developing systems and solutions for a variety of industries including solutions for Customer Re...
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 ...
Tokyo Power Lanka, a subsidiary of Tokyo Cement (Lanka) PLC, the leading manufacturer and supplier of international standard cement in Sri Lanka, once again demonstrates its commitment to sustainable development and responsible corporate citizenship by supporting the conservation efforts of local flora and fauna by sponsoring a book on the rich bio diversity of Horton ...
“Vietnam’s imports from Sri Lanka has increased sharply, reaching US$ 10.1 million, up 111% over (US $4.8m in 2011) during first quarter 2012” said Counsellor/Deputy Head of Mission Phung Trong Tuan representing Ambassador for Vietnam in Sri Lanka Ton Sinh Thanh at the Second Annual General Meeting of the Sri Lanka-Vietnam Business Council of the ...
Brand Finance CEO/Founder David Haigh will deliver the keynote address at the fourth session on ‘Branding Sri Lanka’ at the Sri Lanka Economic Summit to be held from 10 to 12 July. Being a developing country with a small domestic market of 20 million people, it is imperative for Sri Lanka to look towards exports ...
People’s Bank ceremoniously opened small & medium scale business centre recently at the Regional Head Office building of People’s Bank in Matara under the patronage of the Minister of Rehabilitation and Prison Reforms, Hon. Chandrasiri Gajadeera. Launched under the budget proposal of 2012, following the agenda of the Mahinda Chinthana Idiri Dekma, this new centre ...
Ahead of the G20 world leaders’ meeting in Los Cabos, Mexico, the UNWTO and WTTC call on the leaders to consider Travel and Tourism as an engine for economic growth and stimulating the global economy. Increasing travel and tourism demand through visa facilitation can be central to stimulating job creation, a priority given the high ...
Economic Development Minister Basil Rajapaksa over the weekend declared opened the newly-built Amagi Lagoon Resort & Spa in Negombo The Amagi Lagoon Resort & spa is located in Negombo, just 5 minutes away from the Katunayake International Airport. This three star luxury hotel have 22 luxury rooms including three water bungalows, two high restaurants, swimming ...
The Oxford Dictionary definition of ‘inept’ is ‘acting or done with no skill’. An ineptitude results is such behaviour being manifested An ‘Inept’ocracy’ has been defined in the Urban Dictionary as ‘a system of government, where the least capable to lead are elected, by the least capable of producing, and where the members of society ...
A senior delegation from the oneworld global airline alliance, led by CEO Bruce Ashby was in Colombo last week as SriLankan Airlines starts its preparations to join the group following its election on board. The visit comes just days after SriLankan Chairman Nishantha Wickremasinghe and Chief Executive Kapila Chandrasena joined their counterparts from oneworld’s 11 ...
The government of the Maldives is said to be looking for funding from the private sector for an advertising campaign to boost its tourism industry following turmoil earlier this year when its elected president was forced from office in what he later claimed was a coup. A report in Minivan News said the government had ...