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The Central Bank said that inflows continued to improve in May, with better prospects in July as well. It said with respect to inflows to the services account of the balance of payments, earnings from tourism in May 2012 grew at a healthy rate of 20.6%, year-on-year, to $ 57 million, while during the first ...
A Memorandum for Co-operation between the Chinese People’s Association for Peace and Disarmament (CPAPD) and the Pathfinder Foundation (PF) was signed yesterday in Colombo. The Memorandum was signed by CPAPD Deputy Secretary General Chen Huaifan and Executive Director Luxman Siriwardena on behalf of the PF. The event was witnessed by Pathfinder Foundation Founder Milinda Moragoda, ...
Tourism industry official cum professional Dileep Mudadeniya in his personal capacity has released a book on Sri Lanka’s hosting of the International Indian Film Academy Awards (IIFA) in 2010. Titled ‘IIFA: The Other Side,’ the book in Sinhala, Dileep’s first, recaps the efforts which went in to it, the challenges faced and its success, in ...
Following is the part one of the Daily FT article featuring the Acuity Stockbrokers Research on Economy and Strategy titled “Lion Leads Frontier” launched last week. Better than the rest General frontier market risks remain pertinent to Sri Lanka Investors in frontier markets are well aware of the risk-return tradeoff intrinsic to these markets. Low ...
An important feature of the recent Sri Lanka Economic Summit, which both the Guest Speaker Gurcharan Das, Author, Columnist and Management Consultant and Keynote Speaker Dr. Kalpana Kochar, Chief Economist – South Asia of the World Bank, referred to were the opportunities presented to Sri Lanka by the ongoing process of globalisation and particularly the ...
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 ...
The much-awaited meeting between President and Finance Minister Mahinda Rajapaksa and capital market stakeholders yesterday was described as “very positive” by most, though some disagreed. Conflicting emotions over the outcome were expected since there was much heat generated before the meeting by various parties including the regulator. President Mahinda Rajapaksa chairs the meeting w...
By B.A.B. Goonetilleke Sometime in 2009, in what was to become a defining moment in the new Digital Age, Bradley Manning, a 24-year-old Army private based at an outpost in Iraq, began to download a veritable trove of classified cables dispatched by US missions around the world on to a thumb drive. Whether Manning stepped ...
Reuters: Sri Lanka now expects 2012 tea production of around 325 million kg, below its target of 330 million kg, as output has fallen in the last five months due to drought, the State-run Tea Board said. Tea production in the first half of the year fell 4.3 per cent year-on-year to 163.26 million kg ...
The Lion flag fluttered spiritedly as the 18-wheel monster truck scampered through the treacherous Australian outback. Fifty-six-year-old Zola Rajapakse worked through his 18-gear manual transmission with consummate ease. Zola and his American co-driver were locked in battle with six other drivers from England, Scotland, US and Australia for a shot at becoming the world’s toughest ...
The Lion flag fluttered spiritedly as the 18-wheel monster truck scampered through the treacherous Australian outback. Fifty-six-year-old Zola Rajapakse worked through his 18-gear manual transmission with consummate ease. Zola and his American co-driver were locked in battle with six other drivers from England, Scotland, US and Australia for a shot at becoming the world’s toughest ...
A port city is an extension to the port, in order to acquire the advantageous facilities of the port and the port background to shape up the environment of the city surrounded by port. This is not a novel concept where many countries are adapting this principle to achieve their economic and leisure goals. Baltimore ...
Sri Lanka Tourism in collaboration with Ebert Silvas’ offer special luxury packages for both foreign and local tourists to view the Kandy Esela Perahera, known to be one of Asia’s most spectacular cultural pageants. The packages are organised to view both Kumbal and the Randoli Peraheras from 23 July to 1 August. The Esala Perahera ...
During the long war, the Government was preoccupied with financing and fighting it. The Private pector was burdened with uncertainty about the future. Now with the war behind us, we must examine and debate strategic options for developing our country. One of the key options is pursuing a globalisation strategy. CEPAs and FTAs are variations ...
Sri Lanka and Vietnam expect to increase the bilateral trade between the two countries up to the threshold of one billion US dollars within the next three years. The recent third Joint Commission Meeting of Sri Lanka and Vietnam held in Hanoi and chaired by the foreign ministers of the two countries, the focus was ...
The 21st Annual General Meeting of the Sri Lanka-Canada Business Council was held recently at the Canada Club. The council, which focuses on the objectives of ‘promoting investment, trade and joint venture between Sri Lanka and Canada,’ is one of the twenty One bilateral business councils that function under the aegis of the Ceylon Chamber ...
By Shanuka Tissera The prestigious MBA Alumni Association University of Colombo, boasting some of the finest MBA courses in Sri Lanka kicked of their 15th annual AGM on Thursday 12 at Cinnamon Lakeside. The outgoing President – Pubudu De Zoysa lead the event by sharing the highs and milestones the association made in the year ...
Wimbledon is special to me not because I played the tennis circuit during my schooling days but for the insights that I get into life and business in general. The 2012 edition in particular was unique, given that a Brit was in the finals of the men’s singles game, that was happening after 74 years. ...
Standard Chartered Bank has revised Sri Lanka’s credit outlook to stable from positive and is advising bond investors to await the conclusion of Sri Lanka’s $ 1 billion Sovereign issue prior to getting involved in the country’s debt market opportunities. This advise is contained in SCB’s latest Asian sovereign credit coverage. “While we believe that ...
Laugfs Gas PLC and its subsidiaries having recorded a profit after Tax of Rs. 942 million as per the un-audited financial statements for the year ended 31 March 2012, yesterday announced a payment of first and final dividend of Rs. 1.50 per share for both Ordinary Voting and Non- Voting shares held. Chairman Laugfs Gas ...
By Cassandra Mascarenhas The third and final day of the Sri Lanka Economic Summit 2012 organised by the Ceylon Chamber of Commerce commenced with a plenary session titled ‘Skills and Productivity to Compete in the Global Market,’ which discussed the initiatives that are underway and aimed to identify additional steps required to improve the quality ...
Dropped in at the hospital for a leisurely evening drink. Strawberry margaritas served in a breezy courtyard and physicians playing ’90s classics were just what the doctor ordered. The 16th century Dutch Hospital Shopping and Dining Precinct at Fort is a haven for the hale and hearty, perhaps the only one of its kind in ...
Sri Lanka Tourism Development Authority has banned the transportation of foreign tourists by three wheeler taxis that are not licensed for the purpose. The authority has given training to the three wheeler drivers in serving the tourists. The drivers who successfully completed the four-day training have been given a certificate and the necessary permission to ...
By Asoka N. Pathirane Having come into the tourism and hospitality industry with a bang last year, Wayamba Development Authority of the Wayamba Provincial Council has taken a giant step towards catering to the foreign and local traveller by signing up with a colossus Hotel and Resort Group, Amaya Leisure to operate the eye catching ...
Following is the full text of Secretary to Ministry of Finance and Planning and Ministry of Economic Development Dr. P.B. Jayasundera’s keynote address titled ‘Sri Lankan Economy in Perspective’ at first plenary session of the Ceylon Chamber of Commerce Sri Lanka Economic Summit yesterday under the theme ‘Positioning Sri Lanka in the Global Economy’ Chairman, ...
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 ...
This is the second edition of the ‘Company Called Sri Lanka’ article range in store and finds it is the most appropriate time to express the marketing strategy for tourism in the backdrop of the Sri Lanka Economic Forum, where they will be arguing about positioning Sri Lanka in the world market. Sri Lanka as ...
There were some interesting bits of news in the papers about a week back, with some stories having a certain thread running through them. The US Ambassador Patricia Butenis visited the Coca Cola plant in Biyagama. The British High Commissioner John Rankin visited Unilever Sri Lanka’s newly built factory in Horana and the new Chinese ...
The 32nd Annual General Meeting of the Sri Lanka Association of Inbound Tour Operators (SLAITO) was held at The Sands in Kalutara, Sri Lanka on 29 June. The new committee of SLAITO consists of Mahen Kariyawasan (President), T.M.F Packeer (Vice President), Devindre Senaratne (Hon. Secretary), Harith Perera (Hon. Treasurer), Nilmin Nanayakkara (Immediate Past President), Chandra ...
The Department of Tourism and Commerce Marketing in Dubai has launched a 107-day initiative themed ‘Dubai, my destination this summer’ as part of its strategy to attract more tourists from across the globe into the emirate this summer. The ‘Enjoy more in Dubai’ drive, which runs till September 30, is aimed at boosting up external ...