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$ 450 m mega project to be completed in 2014 By Uditha Jayasinghe The Government has leased the iconic Transworks House land to India’s Krrish Group for 99 years at $ 49 million, whilst the $ 450 million mega project is slated to be completed by 2014. The land encompasses the Transworks House, a colonial ...
- Ambitious $ 460 m 4-towers Krrish Square at Fort to start selling units from today (Category: Business)
- $ 450 m Transworks Towers to transform city (Category: Business)
- People will be resettled in Sampur: Basil Rajapaksa (Category: Breaking News)
- Gains, Pains In Paki FDI (Category: Breaking News)
A goat’s best friend is Mervyn! The populace has been cruel to him. Ok, to the goat too, but I am talking about a man willing to be incarcerated just to liberate a hapless animal. Thankfully, the President interceded and saved the day for both. The Minister had promised to defy a Court order and ...
- The other red meat (Category: Australia, Tasmania )
- Battle of the superfoods (Category: Business)
- Mervyn Silva offers she-goat to Goddess Kali (Category: Breaking News)
- Marauding goat Billy attacks trio (Category: Australia, Victoria)
Reinforcing its supremacy John Keells Holdings Group bagged most of the major titles in an impressive haul of 12 in the fifth annual Sri Lanka Tourism Awards presented last week. JKH Group’s Cinnamon Lakeside won the best five star city hotel whilst its Cinnamon Lodge Habrana bagged the best five star resort award. Group entity ...
- Sri Lanka eyes tourism boom but challenges lie ahead (Category: Breaking News)
- Sri Lanka tourism on the rise as peace persists (Category: Breaking News)
- Tourism industry in new visa mess (Category: Breaking News)
- Cruises weather site storm (Category: Australia, Tasmania )
Heritance Ayurveda Maha Gedara emerged the most energy efficient hotel in Sri Lanka by winning the highest accolade awarded in the large scale hotel sector at the Sri Lanka National Energy Efficiency Awards 2012 which concluded recently. This is the second consecutive year that Aitken Spence Hotels has been recognised at the awards. Last year ...
- Heritance Ayurveda Maha Gedara, first Lankan hotel to be net metered (Category: Business)
- Aitken Spence Hotels receives Energy Efficiency Awards again (Category: Travel)
- MLH Avurudu Maha Gedara Kavili Kade 2024 (Category: Breaking News)
- Video: Lassana Gedara - 14th September 2014 - www.LankaChannel.lk (Category: Video)
Sino Lanka, Kandy Hotels and ONYX partnership to boost hill capital’s leisure landscapeSino Lanka Hotels Holdings (Pvt.) Limited, Kandy Hotels Co. (1938) PLC, together with ONYX Hospitality Group, yesterday celebrated the launch of OZO Kandy, the second OZO property to be built in Sri Lanka. Minister for Economic Development and Tourism Basil Rajapaksa, Chief Minister ...
- Onyx breaks ground on Ozo Chaweng Samui (Category: Business)
- Onyx Hospitality Group dives into Sri Lankan market (Category: Breaking News)
- Thailand’s Onyx Ventures Into Sri Lanka (Category: Business)
- Thailand’s Onyx Hospitality to make Sri Lanka a key hub for its operations (Category: Breaking News)
Ever since the first aircraft was conceptualised by Leonardo Da Vinci, the dream of flight is still continuously evolving. The latest aircraft is known as the dream liner Boeing 787. There has been no end to the technological advances in aviation. The global aviation industry has since been enlarged into a multibillion dollar business and ...
- Etihad gets first Boeing 747-400 freighter (Category: Business)
- Boeing sees more 787 cancellations, still upbeat (Category: Business)
- Spotlight turns to output as Boeing wins show (Category: Business)
- Emirates receives 1,000th Boeing 777 (Category: Business)
T20 tourney to take up over 7,000 room nights in lean tourism season; bring in over Rs. 130 m revenue for hotels Destination Sri Lanka to get a fillip via global TV coverage The inaugural Sri Lanka Premier League (SLPL), ready to kick off in two weeks’ time, is expected to give a big boost ...
- Sri Lanka Premier League forges ahead (Category: Business)
- Mahindra SLPL a boost for tourism industry (Category: Business)
- Sri Lanka aims to shine via Premier League - Heads turning attraction! (Category: Business)
- SLPL franchises snapped up; Bids worth over $ 30 m received (Category: Business)
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. ...
- London: World’s first social media Olympics (Category: Business)
- The brand IPL is about highlighting performance (Category: Business)
- Ceylon Tea in catch-22? (Category: Business)
- The US Open and Sri Lankan policy (Category: Business)
Tourism is very much in the news and targets are being bandied around. A magic number plucked from the air of 2.5 million tourists by 2015/16 is often quoted. All this suggests that tourism will see a sustained explosion in growth. What is the truth? Is it fast growth or slow burn? What are the ...
- Banking delegation in Qatar to attract investments (Category: Business)
- Strategic policy needed for Sri Lanka Tourism (Category: Business)
- Where Is Sri Lanka Tourism Going? (Category: Breaking News)
- Align education,VT with growth industries (Category: Business)
All newspapers carried headlines a few days ago stating that May 2012 tourist arrivals have increased by 17.5% from last year. It is reported that the May arrivals of 57,506, was higher than even that of April, which showed only a 9% increase YOY. So far, total arrivals for 2012 up to end May is ...
- Showcasing Sri Lanka and driving demand (Category: Business)
- 2012, another positive year for tourism – BMI (Category: Business)
- More hotels to satisfy demand (Category: Business)
With highest-ever top and bottom line performance premier blue chip JKH says knowing exactly who were are, what we stand for and where we are headed makes all the differenceI am pleased to present the Integrated Annual Report, and the Statement of Accounts, for the Financial Year ended 31 March 2012. The Report encapsulates the ...
- Jumbo profit at JKH (Category: Business)
- Stellar 3Q for JKH (Category: Business)
- JKH forges with solid growth (Category: Business)
- Good start by JKH in “challenging” FY13 (Category: Business)
Trip Advisor, the world’s largest travel site, has awarded the prestigious Certificate of Excellence 2012 to Eden Resort and Spa. This award honours hospitality excellence and is given only to establishments that consistently achieve outstanding traveller reviews on their website. By winning this accolade, Eden Resort and Spa has entered into the prestigious category in ...
- LOLC Leisure’s Holiday Bouquet (Category: Breaking News)
- All Serendib Leisure hotels earn 2012 Tripadvisor Certificates of Excellence (Category: Business)
- Eden Resort and Spa shines once again! (Category: Business)
- Eden Resort and Spa creates signature cocktail for Sri Lanka Tourism (Category: Business)
The pioneers of tented camp safaris, Eco Team has once again set a precedent in Sri Lanka’s tourism sector with its innovative new concept of ‘mobile hotels’. In a record-breaking move, Big Game Camps & Lodges – a venture of Eco Team (Pvt) Ltd. – set up ‘camp’ for a total of 270 tourists on ...
- Safari savagery yet to be settled; stakeholder meeting in the offing (Category: Business)
- Heritance Resorts sweep green and individual awards (Category: Business)
- Trailblazing Eco Team Marks 11th year of adventure tourism in Sri Lanka (Category: Business)
- Leisure laughs! (Category: Business)
Expolanka Holdings Plc said yesterday it has sustained its consolidated net profit after tax for the FY 2011/12 at Rs. 1.23 billion with a consolidated net profit before tax at Rs. 1.68 billion. The Q4 recorded a year on year growth of 21% in top line, 33% growth in gross profit and 22% growth in ...
- High raw material cost sends Tokyo Cement 1Q profit down despite 33% rise in sales (Category: Business)
- Sampath Bank profit tops Rs 2 bn (Category: Breaking News)
- Mobitel profit exceeds Rs 200 million in Q1 (Category: Breaking News)
- CT Holdings ends FY12 on a high with stellar 4Q (Category: Business)
John Keells Hotels Group announced the certification of ‘Green Globe Awards’ to five of its resorts and hotels for sustainable tourism. The certifications were received by Chaaya Village Habarana, Chaaya Blu Trincomalee and Chaaya Reef Ellaidhoo – Maldives, properties which fall under Chaaya Hotels and Resorts, Cinnamon Lodge Habarana of the Cinnamon Hotels and Resorts ...
- Bentota Beach Hotel is Green Globe certified (Category: Business)
- Chaaya Reef Ellaidhoo gets Green Globe recertification (Category: Business)
- Cinnamon Lodge achieves Green Globe certification (Category: Business)
- Pledges, innovation, spiritedness: Unique cornerstones at John Keells Leisure Awards (Category: Business)
In its latest publication of ‘Sri Lanka’s Leading Brands,’ Brands Finance lists Cinnamon Lakeside Colombo as the ‘Highest Valued Hospitality Brand’ in Sri Lanka. The annual review has been published for eight consecutive years by Brand Finance, a leading independent consultancy founded in the UK. The review assesses the health of leading brands in Sri ...
- Cinnamon Lakeside perfects staying on top (Category: Business)
- Ronald new Front Office Manager at Cinnamon Lakeside (Category: Business)
- Highest number of All Island Cocktail Competition qualifiers from Cinnamon Lakeside (Category: Business)
- John Keells trendsetters win 12 key Sri Lanka Tourism Awards (Category: Business)
NDB‘s contribution to infrastructure development has been substantial during the last three decades. Having garnered the experience and expertise to cater towards the development process in Sri Lanka, NDB continues to focus on this vital component providing the necessary support that will help towards economic development in the country. NDB CEO Russell de Mel says, ...
- DFCC: Changing the sustainable energy landscape in Sri Lanka (Category: Business)
- DEG provides $ 21 m loan to NDB Bank to strengthen SME sector (Category: Business)
- Nestlé Lanka crowned as ‘Best Corporate Citizen’ (Category: Business)
- Sri Lanka’s energy sector at risk: Calls for diversification amidst Chinese investments (Category: Breaking News)
Outlines OZO Colombo plans to provide a 4-star product at a 3-star priceQ: As a veteran and experienced hotelier as well as a prominent personality in the tourism sector, what are your thoughts on the hotel industry in Sri Lanka and what needs to be done? A: These are exciting times with great opportunities for ...
- ‘OZO’ to be newest brand in Sri Lankan hospitality (Category: Business)
- Sri Lanka’s new hotel projects (Category: Breaking News)
Sri Lanka Tourism Chairman Dr. Nalaka Godahewa addressed the members of The Council for Business with Britain (CBB) of the Ceylon Chamber of Commerce recently. He highlighted the vision of President Mahinda Rajapaksa for the tourism industry, the world’s largest service industry. The presentation was titled ‘Towards 2.5 million visitors by 2016 – Where are ...
- Tourism development strategy finalised (Category: Breaking News)
- Tourism to be top forex earner in 2016 (Category: Breaking News)
- SRI Lanka Tourism: A Step Forward in the Growth Story | By Inshita Wij (Category: Breaking News)
- Sri Lanka seeks $2.7 bln post-war tourism investment (Category: Breaking News)
In the latest UNWTO report, it is stated that tourism has become one of the world’s largest foreign exchange earners with the industry catapulting to US$ 900 billion and visitor numbers crossing 980 million visitors globally.The growth has been ignited with the launch of e-commerce where a holiday can be booked and paid for from ...
- Building ‘Brand Sri Lanka’: Expo 2012 (Category: Business)
- Getting ready for Rio+20… industry-led (Category: Business)
- 2011: Power achievements for Sri Lanka, but… (Category: Business)
- Strategic policy needed for Sri Lanka Tourism (Category: Business)
The Daily FT spoke to the Immediate Past President of Sri Lanka Association of Inbound Tour Operators (SLAITO) and Chairman and Managing Director of Conniassance de Ceylan Ltd., on the state of post-war Sri Lanka tourism industry, the progress and key challenges as well as future prospects and how best they could be harnessed. Here ...
- Future of Sri Lanka Tourism: Former SLAITO Chief sheds key insights (Category: Business)
- Strategic policy needed for Sri Lanka Tourism (Category: Business)
- SLAITO on expectations and challenges facing tourism industry (Category: Business)
- Prema joins Alhambra Hotels Board (Category: Business)
Blue chip conglomerate Aitken Spence PLC has reported its interim results to the Colombo Stock Exchange on Monday, showing Rs. 3.02 billion as pre-tax profit and Rs. 1.95 billion as profit attributable to shareholders for the nine months ended 31 December 2011; an increase of 24% and 20% respectively over the previous year. For the ...
- Rs. 630 m windfall for Aitken Spence from port venture exit (Category: Business)
- Harry triggers Takeover Code on Aitken Spence (Category: Business)
- Spence 1Q pre-tax profit up 25% to Rs. 918 m (Category: Business)
- Aitken Spence profits up by 46%, Dividends by 40% (Category: Business)
Preliminary results released by the Pacific Asia Travel Association (PATA) show a collective increase of 6% year-on-year for international arrivals into Asia/Pacific1 destinations during each of the months of October and November 2011. For the first 11 months of the year, South Asia was the star growth performer, followed by Southeast Asia, Northeast Asia and ...
- Asia dominates in Asia Pacific tourism boom – PATA (Category: Business)
- International tourism off to strong start in 2012 – UNWTO (Category: Business)
- Asia Pacific visitor arrivals up 3% in May (Category: Business)
- Asia Pacific tourism arrivals up 7% in July: PATA (Category: Business)
Following is the address delivered by The Hotels Association of Sri Lanka (THASL) President Anura Lokuhetty at the National Conference on ‘The Role of the Business Community in Reconciliation’ organised by Lakshman Kadirgamar Institute for International Relations and Strategic Studies (LKIIRSS): Ladies and gentlemen, throughout the history of mankind, humankind has searched for ...
- Young Sri Lankan Diaspora and UK Parliamentarians visit Sri Lanka (Category: Business)
- Marketing an emerging tourism destination in Asia (Category: Business)
- Community tourism to be developed to differentiate country from the region (Category: Business)
- Economic management and the way forward (Category: Business)
“Our sense is that if we do not act boldly and if we do not act together, the economy around the world runs the risk of a downward spiral of uncertainty, financial instability and potential collapse of global demand… we could run the risk of what some commentators are already calling the lost decade” – ...
- W. Bank’s Zoellick says double-dip recession unlikely (Category: Business)
- Flashing red - European debt crisis signals collapse of social welfare state (Category: Business)
- World economy fragile, faces “uneasy calm” – IMF (Category: Business)
- G20 backs Europe’s plans for overhaul to fight crisis (Category: Business)
Following are excerpts of an interview with Sri Lanka Association of Inbound Tour Operators (SLAITO) Secretary T.M.F. Packeer, who is also Managing Director and CEO of Asian Exotica Ltd. Q: Sri Lanka Tourism has a very clear future standing as articulated by the President, of 2.5 million visitors by 2016. Is this expectation realistic? A: ...
- Future of Sri Lanka Tourism: Former SLAITO Chief sheds key insights (Category: Business)
- Strategic policy needed for Sri Lanka Tourism (Category: Business)
- Showcasing Sri Lanka and driving demand (Category: Business)
- Can joint promotions with other export industries work for Sri Lanka Tourism? (Category: Business)
Reuters: South Africa’s Sun City resort will invest $ 800 million in a tourism project in Sri Lanka, the Gead of the State-run Tourism Board said on Friday. Sun City resort is run by South African gaming and hotels group Sun International Ltd. It will be the largest ever investment in the country’s leisure sector, ...
- South Africa's Sun City to invest $800 mln in Sri Lanka tourism (Category: Breaking News)
- South Africas Sun City to invest $800m in Sri Lanka tourism (Category: Breaking News)
- Sun City to invest $800 million in Sri Lanka tourism (Category: Breaking News)
- Caring for new investments for a better tomorrow (Category: Business)
Range of sectors discussed for investments during meeting between Qatar Premier and Economic Development Minister Basil Rajapaksa Range of sectors discussed for investments during meeting between Qatar Premier and Economic Development Minister Basil Rajapaksa (strap) Sheikh Hamad Bin Jassim Bin Jabr Al-Thani, Prime Minister and Minister of Foreign Affairs in Qatar together with Yousf K...
- Basil woos for more from Japanese investors in Sri Lanka (Category: Business)
- Peaceful Sri Lanka: Emerging investment destination for France, UK (Category: Business)
- Sri Lanka to strengthen bilateral ties with Qatar during Premier’s visit (Category: Business)
- Qatar Prime Minister to arrive in the country tomorrow (Category: Breaking News)
Last week my phone beeped and the text message read ‘The Chairperson of the Security and Exchange Commission Indrani Sugathadasa had resigned citing reasons of values and principles for her resignation’. My mind went back to the time when this lady when she was the Board Director at EDB. Whenever tough decisions had be taken ...
- 2011: Power achievements for Sri Lanka, but… (Category: Business)
- The changing face of brand Sri Lanka (Category: Business)
- Govt. to abolish duty-free vessel imports to boost $ 500 m boating industry (Category: Business)
IN 2010, the boost for Sri Lanka tourism was being named the top travel destination by the New York Times. As the dawn of 2012 emerges the plus point is being among the top six of National Geographic’s best global destinations. Upbeat on tourism, the Government is considering a target of 950,000 arrivals for 2012 ...
- Israel tourism slips 2.4% to 3.36 m in 2011 (Category: Business)
- Chamber of Tourism and Industry Chief meets UNWTO Regional Director (Category: Business)
- Increased tourism numbers expected (Category: Western Australia)
- Sri Lanka discussed to get UNWTO help (Category: Breaking News)
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