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By Shanuka Tissera Cinnamon Lakeside Colombo last week announced its latest accomplishment as the recipient of the ‘Best Luxury Hotel, Sri Lanka’ award at the Business Destinations 2012 travel awards. The hotel has now entered the ring to do battle with the likes of the Trump Hotel Chicago, Fair Mont Hotel Vancouver and Marina Bay ...
- New GM takes over at Cinnamon Lakeside Colombo (Category: Business)
- Overwhelming response to IBM FORUM event hosted in Colombo (Category: Breaking News)
- Sri Lanka Fashion Forum begins (Category: Breaking News)
- Cinnamon Lakeside Colombo appoints New Director of Sales and Marketing (Category: Business)
Players are set for the first-ever Sri Lanka Premier League (SLPL), with West Indies showpiece Chris Gayle as the most valuable as he was contracted for $ 100,000 (over Rs. 13 million), whilst top local stars fetched $ 50,000 (Rs. 6.5 million) each. Sri Lanka Cricket yesterday concluded the player draft for each of the ...
- FICA to recommend SLPL boycott without bank guarantee (Category: Business)
- SLPL an exciting opportunity for Sri Lankan cricket: Sandeep Bhammer (Category: Business)
- 'FICA to recommend SLPL boycott without bank guarantee' - May (Category: Sports)
- $3 m floor price set for T20 league franchises (Category: Business)
PLYMOUTH University has become a partner with the National School of Business Management in Colombo, Sri Lanka. NSBM is a subsidiary of the National Institute of Business Management and is developing new, state-of-the-art campus in Homagama. Degree programs being offered there with the support Plymouth University include International Business, Computing and Networks, Marketing, Accounting and ...
- Plymouth Bobcats back in the title game (Category: USA, New Hampshire)
- Plymouth Bobcats back in the title game (Category: USA, New Hampshire)
- Plymouth Bobcats back in the title game (Category: USA, New Hampshire)
- Plymouth Bobcats back in the title game (Category: USA, New Hampshire)
Heritance Ahungalla, one of Sri Lanka’s Aitken Spence Group’s deluxe hotels, has employed scores of people and sources supplies from the neighbouring villages as part of the ongoing investment drive to embrace sustainability. More than 65 per cent of the hotel’s staff of 400 have been recruited from the local villages, many of them have ...
- Heritance Resorts sweep green and individual awards (Category: Business)
- Heritance Ahungalla unveils $35 million sapphire-studded cake (Category: Business)
Malaysian investors show strong interest on highways, housing, and tourism sectors here In the wake of the successful B2B MoU between Sri Lankan and Singapore business last May, is the next ASEAN bilateral B2B invitation – a call for fully fledged MoU between Malaysia and Sri Lanka business. “We are highly encouraged by the call ...
- Sri Lanka to sign another ASEAN MOU (Category: Business)
- Sri Lanka looks to work closer with ASEAN (Category: Breaking News)
- AirAsia establishes regional base in Jakarta, AirAsia Asean (Category: Business)
The Board of Investment of Sri Lanka (BOI) has signed an agreement with tourism developer Katana City Developments (Pvt) Ltd. to assess and plan Sri Lanka’s first large scale tourism zone, in the Katana Area, just adjacent to Colombo’s Bandaranaike International Airport. The airport will be connected to the Katana City by a monorail which ...
- World Class Tourism Hub (Category: Breaking News)
- Sri Lanka signs agreement to build a US$ 3 billion worth tourism zone (Category: Breaking News)
- BOI signs US$ 3bn deal for world-class tourism zone (Category: Business)
- Project to develop large scale tourism zone near Sri Lanka's international airport (Category: Breaking News)
The Board of Investment of Sri Lanka (BOI) has signed an agreement with tourism developer Katana City Developments (Pvt) Ltd., to assess and plan Sri Lanka’s first large-scale tourism zone in the Katana area, just adjacent to Colombo’s Bandaranaike International Airport.
As investments in the tourism sector continue to rise, a leading global player in gifts and souvenir sector who is known for items with cultural identities is looking to partner in a joint venture in Sri Lanka. “We like Fakih Group’s approach of community engagement and eco-friendliness while making profits. I welcome the Group to ...
- Celebrating World Tourism Day by linking global cultures (Category: Business)
- New Thailand Ambassador and Basil discuss economic ties (Category: Business)
- France looking at Sri Lanka’s construction, energy sectors (Category: Business)
HSBC Sri Lanka on Monday celebrated its 120th year of successful operations in the country. Initially set up in Colombo in 1892 as a bank to facilitate trade finance with China, the entity has evolved over the years to become a full service bank that encompasses commercial and personal banking solutions for a diverse profile ...
- HSBC boosts RMB trade settlement service to 59 markets (Category: Business)
- COMBank declared Sri Lanka’s ‘Bank of the Year’ by The Banker (Category: Business)
- HSBC Group GM and Head of International Asia Pacific visits Sri Lanka (Category: Business)
Sri Lanka’s tourism has a serious obstacle in current time. Entrepreneurs from other countries are taking advantage of Sri Lanka’s location by using it as a means of illegal drugs hub. Statistics were released by Sri Lanka’s Police and it shows that the first six months of this year, over 19,000 were suspects to drug ...
- Over 50,000 kilos of drugs seized within 10 months in Sri Lanka (Category: Breaking News)
- Arrested for possessing drugs (Category: Breaking News)
- Police seize drugs from Kottawa and Nugegoda (Category: Breaking News)
- Negative start for tea exports in 2012 (Category: Business)
Japan appreciates the progress made by Sri Lanka in many sectors of national life since the end of the conflict, and stands ready to work closely with Sri Lanka in addressing the tasks that lie ahead, Mr. Koichiro Gemba, Minister of Foreign Affairs of Japan, said in Tokyo on Monday. Japan’s Foreign Minister made these ...
- Japanese FM Kamikawa due here (Category: Breaking News)
- Japanese foreign minister reaches Sri Lanka (Category: Breaking News)
- Japanese Foreign Minister to visit Sri Lanka next week (Category: Breaking News)
- Japan trusts Sri Lanka whatever allegations are made by Western countries (Category: Breaking News)
Malaysia Airlines, in recognising the vibrant growth of the Sri Lankan economy and its tourism sector, has decided to expand its operations and visibility, by opening its second branch office in Matara, in the Sothern Province. Represented by Hemas Air Service, its General Sales Agent in Sri Lanka, it also has a branch office in ...
- Malaysian Airlines wins ‘World’s Leading Airline to Asia’ award (Category: Business)
- Malaysia Airlines achieves double win at World Travel Awards ceremony (Category: Business)
- Malaysia Airlines receives 75th 737 from Boeing (Category: Business)
Colombo is already a hub of musical activity; from the sounds of the street vendors to late night jamming sessions by lesser-known bands, the city throbs with the beat of vibrant lives. From August 23rd to 27th, the city’s music will take on a decidedly eclectic flavour as the much-awaited “Sense and Soul Colombo Music ...
- Standard Chartered Bank presents Musicmatters Colombo Festival 2012 (Category: Business)
- Colombo Music Festival promises to dazzle music lovers (Category: Business)
- Royal College presents ‘Festival of Choirs 2011’ (Category: Business)
Sri Lanka and China are to sign a comprehensive economic cooperation agreement shortly in a bid to further enhance strong bilateral ties currently being enjoyed. This matter was discussed when the new Ambassador to People’s Republic of China Wu Jianghao paid a courtesy call on Economic Development Minister Basil Rajapaksa last week. “The Minister and ...
- Cherishing China! (Category: Business)
- SLCJF visits outgoing Ambassador of PRC (Category: Business)
- China a tower of strength to Sri Lanka: Prof. Peiris (Category: Business)
IFC, a member of the World Bank Group, is working with Sri Lanka’s Nations Trust Bank (NTB) to help up to 30,000 small business owners become more competitive through a series of advisory interventions, sharpening their readiness to access new markets. With IFC’s advisory assistance, the bank has strengthened its institutional capacity over the ...
- Risk Cover (Category: Business)
Drug Trafficking was one of the main sources of finance for the LTTE terrorists as reflected in the World Drug Report 2012, says Permanent Representative of Sri Lanka to the United Nations Dr. Palitha Kohona. He was addressing at the UN General Assembly Thematic Debate on ‘Drug and Crime as a Threat to Development’ ...
- Crime one of the world’s “top 20 economies”: UN (Category: Business)
- Sri Lanka a growing hub for drugs (Category: Business)
- Illicit drugs found in Clearview (Category: South Australia)
- Organized Criminals Gangs In Sri Lanka & Its Impact On National Security (Category: Breaking News)
Case study Middle East Sri Lanka is one of the most sought-after tourist destinations in the world. It is surrounded by the Indian Ocean strategically located between West Asia and South East Asia and has been an important stop on the silk route or the Silk Road. It has all requirements to be one ...
- Unified branding in the tourism industry (Category: Business)
- Showcasing Sri Lanka and driving demand (Category: Business)
- Marketing an emerging tourism destination in Asia (Category: Business)
Sri Lanka CEO Nick Nicalaou dismisses exit rumours; says local operations robust and post-war future in the country looks very promising World’s local bank celebrates 120 years of excellence in Sri Lanka on 1 July, invests $ 7 m for major upgrade of Head Office in Fort By Nisthar Cassim HSBC, which is ...
- HSBC Group GM and Head of International Asia Pacific visits Sri Lanka (Category: Business)
- Successful $ 500 m BOC Bond is landmark says HSBC CEO (Category: Business)
- HSBC clinches award for best Sri Lanka deal (Category: Business)
- HSBC puts banking on the palm of a customer’s hand (Category: Business)
By Cheranka Mendis With the tourism industry gearing up to welcome 2.5 million tourists by 2016, Imperial Institute of Hospitality and Leisure (IIHL) yesterday announced the launch of industry qualifications from UK’s Institute of Hospitality (IH) which aims to provide the much needed training and skill set to local workforce. A first in South Asia, ...
- IH Ball 2011. (Category: Business)
- Brain drain impediment to hospitality industry – Dr.Jayasinghe (Category: Breaking News)
- NH restaurants, hotels look for ways to stay afloat over winter (Category: USA, New Hampshire)
- NH restaurants, hotels look for ways to stay afloat over winter (Category: USA, New Hampshire)
By Shelton Dharmaratne Changing global trends will continually pose challenges to economic theory and policy and the ways in which we analyse tourism activity. Sri Lanka Tourism’s public policies are trapped in a dynamic, ongoing process and it has become increasingly evident that the Government is struggling to comprehend the tourism industry, its impact and ...
- Warm welcome for record-breaking 800,000th tourist arrival in 2011 (Category: Business)
- Possible contribution to national reconciliation through tourism (Category: Business)
- Marketing an emerging tourism destination in Asia (Category: Business)
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 ...
- Emirates dispatches world’s largest airliner to Gatwick (Category: Travel)
- Emirates’ Heathrow flights to become all-A380 in six months (Category: Business)
- Emirates lands prestigious Telegraph award (Category: Business)
- Emirates’ A380 makes Kuala Lumpur debut (Category: Business)
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 ...
- Mashreq leads $ 140 m loan syndicate for Bank of Ceylon (Category: Business)
- SriLankan Airlines gets $ 175 m Islamic loan from Gulf banks (Category: Business)
- Banking industry joins Lankan chorus against UNHRC moves (Category: Business)
- KumbukRiver among spectacular hotels (Category: Travel)
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 ...
- NDB enjoys $ 59 m net receipts; poised for investment and growth (Category: Business)
- NDB Investment Bank makes history at Euromoney Awards for Excellence 2012 (Category: Business)
- NDB reports significant profit growth during 1H 2012 (Category: Business)
- World Finance names NDB the ‘Best Commercial Bank in Sri Lanka’ (Category: Business)
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, ...
- Ore. father accused of trying to give away the kids (Category: USA, Washington)
- Jana Aragalaya now ‘Frontline Socialist Party’ (Category: Breaking News)
- Bayliss feels for Marsh as Dilshan quits (Category: Business)
- Heshan comes second in heats but fails to qualify for next round (Category: Business)
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...
- Firstsource Dialog Solutions turns one; sets aggressive growth targets for 2012 (Category: Business)
- PC House named SAP Business All-In-One partner in Sri Lanka (Category: Business)
- GIS Solutions appointed sole agent for world’s largest GIS vendor Esri (Category: Business)
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 ...
- World Bank forecasts South Asia to grow by 6.4% in 2012 (Category: Business)
- Global economic outlook slowly improving but remains fragile (Category: Business)
- World Bank projects global slowdown, with developing countries impacted (Category: Business)
- Developing Asia’s growth to moderate amid global uncertainty, says ADB (Category: Business)
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 ...
- ‘Horton Plains’ book launch (Category: Business)
- Wood Power (Category: Business)
- Excess Electricity (Category: Business)
- Cement Gains (Category: Business)
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 ...
- Branding Sri Lanka (Category: Business)
- Will the deal hurt brand NSB? (Category: Business)
- CIC Holdings’ new brand identity evokes nurturing philosophy (Category: Business)
- Brand ‘Sri Lanka’ valued $ 23 b; ranks 76th globally (Category: Business)
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 ...
- UNWTO welcomes T20 declaration on tourism (Category: Business)
- G20 protests lead to U.S. travel advisory (Category: Canada, Ontario)
- Online visa fee slashed (Category: Breaking News)
- Destination known (Category: Australia, Queensland)
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 ...
- Amagi Lagoon opens in Negombo (Category: Travel)
- Amagi Lagoon Resort New Styles of Recreation (Category: Travel)
- Amagi Lagoon Resort And Spa In Negombo Unveiled (Category: Business)
- Amagi Tourist Resort opened in Negombo (Category: Breaking News)
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