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Following are excerpts of an interview with SLAITO Executive Committee Member and Walkers Tours Limited Chief Executive Officer Michael Elias: Q: Is Sri Lanka becoming too expensive? Why must Sri Lanka be competitive in order to attract tourists? Surely we offer the visitor a unique mix that is not repeated anywhere else in the world! ...
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 ...
With a stellar performance from its tourism sector, Aitken Spence PLC has reported its highest-ever profit before tax of Rs. 5.5 billion for 2011/12. The company posted a consolidated profit after tax of Rs. 4.7 billion for the year financial year ended 31 March 2012, Aitken Spence said in a statement. The blue chip showed ...
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 ...
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 ...
The best hotels, hotel architecture, interiors, construction and design across the entire Asia Pacific region were celebrated at The J W Marriott Hotel in Kuala Lumpur on 27 April. The leading companies behind these winning hotels and hospitality projects were invited to attend to receive the prestigious awards. The Asia Pacific Hotel Awards in association ...
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 Colombo yesterday announced the arrival of a new Front Office Manager, Ronald David. David brings a considerable amount of management experience to the Cinnamon Lakeside Colombo team, having spent the majority of his career managing and leading teams both in Sri Lanka and the UK. Beginning his career as a Tele-marketing Executive ...
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, ...
By Cheranka Mendis Dubai’s low cost airline, flydubai yesterday announced the increase of frequencies to Sri Lanka, going from five to seven weekly flights since 11 March following a surge in passenger numbers. flydubai CEO Ghaith Al Ghaith noted that with the changes in flight timing by moving on from four flights a week during ...
Parliamentarian Namal Rajapaksa was an invitee panellist at the prestigious India Today Conclave 2012 held in New Delhi from 16-17 March 2012. The India Today Conclave, which is held annually, has seen the participation of leading Indian and international personalities such as Shah Rukh Khan, Mohamed El Baradei, Sarah Palin, Dominique De Villepin, Union Minister ...
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 ...
Ajantha Perera takes the position of Director of Sales and Marketing at Cinnamon Lakeside Colombo of the John Keells Hotels Group. Cinnamon Lakeside Colombo is currently ranked the Best Five Star City Hotel by Sri Lanka Tourism. Perera joins the hotel with a wealth of experience spanning approximately fifteen years in the hospitality industry. His ...
The 46th ITB Berlin, which gets underway today, is a more political event than ever before: the European debt crisis, turmoil in certain countries within the Middle East, climate protection and sustainability, as well as EU emissions trading. All these topics will be discussed at the ITB Convention by leading figures from the travel industry. ...
The NDB Group’s profit after tax for the year was Rs. 2.94 billion, an impressive growth of 35% over the previous year. The profit attributable to shareholders for the year was 2.70 billion and compares with Rs. 2.1 billion for 2010, a growth of 29%. This significant increase in group profits was attributable to the ...
Cinnamon Lakeside Colombo said this week it will now on host special events at 8° On The Lake, providing discerning diners the opportunity to enjoy the hotel’s newest experience. The floating venue was officially opened on 19 December 2011 by President Mahinda Rajapaksa. During its first stage of operations, 8° On The Lake functioned ...
Safety and food hygiene of Colombo eating houses quite poor, says CMC’s Chief Medical Officer By Cheranka Mendis Even though Colombo has over 750 eating houses (from five-star hotels to roadside ‘bath kades’), only 290 obtained trade licenses last year, CMC Chief Medical Officer Dr. Pradeep Kariyawasam said. Speaking at the Indexpo food and management ...
Laugfs Leisure Ltd., a fully own subsidiary of the Laugfs Gas Plc in its strive to become one of the dominant players in the hospitality industry has acquired Mag Consultants and Agents Pvt Ltd., (MCAPL) and its assets, comprising 1 5 acres of prime sea front beach property at Waskaduwa Kalutara with an investment of ...
Yala is the undisputed home of the Sri Lankan leopard, the star attraction of the Yala National Park. With Sri Lanka claiming the highest density of leopard in Yala within 140 kilometres, the newest phenomenon in these illusive cats is the rapidly growing population, which has naturally seen them venture out of the park and ...
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 ...
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 ...
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 ...
Effects first major move to become a self-made entrepreneur; his new venture N Capital acquires 70% stake Aspires to make iconic 35-room resort luxurious with Rs. 500 m investment to add 50 more rooms under a new wing and plush refurbishment Says deep south will be centre of economic, tourism and recreation boom with air ...
By Cheranka Mendis Construction work for the 350 metre iconic Lotus Tower commenced yesterday following the foundation laying ceremony at the auspicious time of 10:28 a.m. The tower, which will be the tallest tower in South Asia, is located down D.R. Wijewardene Mawatha, overlooking the Beira Lake and is budgeted at an estimated cost of ...
LAUGFS Leisure Limited a fully owned subsidiary of LAUGFS Gas PLC announced yesterday the appointment of veteran hotelier Sirilal Miththapala to its Board of Directors. Miththapala joins LAUGFS Leisure Board at a time the company is taking serious initiatives to be a leading player in the hospitality industry in Sri Lanka. LAUGFS Leisureis currently involved ...
“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” – ...
A survey conducted last week on the health of the Sri Lankan economy revealed that almost 64% said that the Government had done its task but only 43% had said that there had been growth in the economy. Whilst some can say that this data is strange, a similar set of information was shared at ...
President Eisenhower raised the alarm in 1961; its relevance today‘But most shall he sing of Lanka In the brave new days to come, When the races all have blended And the voice of strife is dumb, When we leap to a single bugle, March to a single drum.’ From ‘The Call of Lanka’, by the ...
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, ...
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 ...