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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 ...
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 ...
Peter Kropotkin is a Russian revolutionist who has commented in his book ‘The Conquest of Bread’ what he considers to be the weaknesses of the economic systems of capitalism and how poverty and scarcity thrives on. However, Kropotkin did not believe in the theory of state and is known as an anarchist. The issue of ...
Creating opportunities to enhance diplomatic ties in promoting the destination, Sri Lanka Tourism promotion Bureau received a five member delegation from the Consular Corps of London at the Bandaranaike International Airport yesterday 11 June for a familiarisation tour in Sri Lanka. The executive Committee members delegation will be touring in Sri Lanka from 11 to ...
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 ...
With the end of the war, there was a desire throughout the country for a peace dividend. Over the 30 years of the conflict, pent-up demand had built up both for consumption and investment expenditure. The authorities were under intense political pressure to create an environment that was conducive to finance imports of consumption goods, ...
ANC Education, the premier international higher education provider in the country, launched its first-ever School of Postgraduate Education on Tuesday to mark its 10th anniversary. The ANC School of Postgraduate Education was launched in collaboration with the University of West London, UK (UWL). “This is a significant milestone in our journey of ten years. ANC ...
Given one month extension pending reconstitution Adding to the confusion and controversies, the Board of Directors of the BOI is in limbo with subject Ministry Secretary Dr. P.B. Jayasundera giving it a month’s extension. The move follows the tenure of the members of the Board ending recently and until the latest extension indicated this week, ...
“Sri Lanka – China Business linkages will be further strengthened in the years to come” said the newly appointed Commercial Counselor Wang Yingqi for China at the interactive session organised by the Sri Lanka – China Business council of the Ceylon Chamber of Commerce recently. The interactive session focused on export opportunities and challenges in ...
A document named ‘Growing Together’ prepared by UNESCAP for the sixty sixth session of ESCAP states that the realisation of what is termed as the ‘Asia Pacific century’ will depend on the region’s ability to harness the potential of regional economic integration. A shared history and culture, complementarities arising from their very different levels of ...
Colombo, (Xinhua-ANI): Sri Lanka has recently signed prisoner exchange agreements with four countries and will commence implementation by returning 22 Pakistani detainees to their country of origin, an official said here Tuesday. Rehabilitation and Prison Reforms Minister Chandrasiri Gajadeera told media that Sri Lanka had inked Memorandums of Understanding with Pakistan, India, the Maldives and ....
By Damien The Secretary to the treasury Dr. P.B Jayasundera recently made statement that the country is wasting the foreign currency on things that can be made in this country. I would like to add to this by stating that as a country we should have clear targets and policies that are aimed at both ...
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 ...
President Mahinda Rajapaksa and a top team of officials last week held a forum for Thailand business community at the Grand Hyatt in Bangkok. Apart from President Rajapaksa, others who spoke were Central Bank Governor Nivard Cabraal, BOI Acting Chairman M.M.C. Ferdinando, and Tourism Development Authority Chairman Dr. Nalaka Godahewa. A Sri Lankan business delegation ...
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 ...
The focus in the bilateral discussions, which took place on Wednesday between External Affairs Minister Professor G.L. Peiris and Mr. K. Shanmugam, Minister of Foreign Affairs of Singapore at the Ministry of External Affairs in Colombo was on the expanded trade and economic relationship between the two countries. Minister Peiris recalled the State Visit to ...
Finance Ministry 2011 Annual Report lists key factors Raps promotional agencies BOI, Sri Lanka Tourism, EDB Tea Board and others for bureaucracy and lack of coordination Private investment needs to be increased to 30% of GDP from 24% in 2011 Despite the end of the war three years ago, the full potential for higher investments ...
Maalu Maalu Resort and Spa which opened in May 2011 has successfully completed one year in operation. “We are delighted with the success of Maalu Maalu’s operation in the newly developed area of Passikudha. Being one of the first properties to open under the ‘Negenahira Nawodaya’ has given us the opportunity to showcase our beautiful ...
The external trade of the country may look challenging, but foreign inflows appear robust as per latest data disclosed by the Central Bank yesterday. Workers’ remittances in March amounted to $ 550 million, up 9.2% year-on-year (yoy) whilst for the first quarter it grew by 17.2% to $ 1.5 billion. Earnings from tourism in March ...
By Shanuka Tissera The private sector of Sri Lanka and Singapore yesterday in Colombo spearheaded a fresh deal to boost bilateral business on the sidelines of a visit by the city-state’s Foreign Minister. The Singapore Business Federation (SBF), which has brought down a delegation, and the Sri Lanka Singapore Business Council (SLSBC) affiliated to the ...
Q: Are new markets needed for growth in tourism? The Government’s key objectives with regard to tourism include: Achieve 2.0 million tourist arrivals by the year 2016 Target the upscale Free Independent Travellers (FITs), who are comparatively high spenders Make making tourism Sri Lanka’s third largest foreign exchange earner. Government Statistics show that the number ...
Sri Lanka and Singapore have much in common. Everyone is familiar with the famous story of how Singapore’s iconic leader Lee Kwan Yew aimed to make Singapore like Sri Lanka and since the end of the war, Sri Lanka has been making significant strides to catch up. With the visit from Singapore Foreign Minister K. ...
Key insights to state of the economy and market and future prospects from NDB Stockbrokers’ latest Sri Lanka Equities report Uncertainty in the macro environment The robust economic growth and steep rise in global crude oil prices increased Sri Lanka’s import bill by 51% in 2011. As a result the trade deficit widened, putting the ...
Wide publicity has been given to the events unfolding at the Sri Lanka Tourism regarding the resignation of the Chairman from Sri Lanka Tourism Promotion Bureau, Sri Lanka Institute of Tourism and Hotel Management and Sri Lanka Convention Bureau and the performance of the Board of Investment. The media reports have given the impression that ...
International arrivals into Asia/Pacific1 destinations grew by a collective 7% year-on-year during the first two months of 2012, according to preliminary data released by the Pacific Asia Travel Association (PATA) last week. At this point Southeast Asia is the fastest growing destination, followed by South Asia, however, both sub-regions generated somewhat slower growth than last ...
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 ...
After the LTTE was defeated, a campaign designed to promote Sri Lanka as a leisure and investment destination labelled ‘The Small Miracle’ was shot down, ostensibly on the ground that the miracle was in no way ‘small’. The marketing value in Sri Lanka’s compact size, our rich biodiversity, the diversity of leisure locations and physical ...
Sri Lanka and Kazakhstan have signed a Memorandum of Understanding (MoU) to expand the bilateral relations between the two countries and hold regular consultations between the respective foreign ministries. The MoU was signed during the visit of External Affairs Minister, Prof. G. L. Peiris to Kazakhstan on 24 and 25 May at the invitation of ...
A new fund that invests exclusively in Treasury Bills and Treasury Bonds has been launched by Ceylon Asset Management Co. Ltd (CAM), following the success of the Ceylon Income Fund, which emerged as the best performing fixed income fund over 2010/11 as well as 2011/12 financial years. The high interest rates available on Government Securities ...
Opened a mail from a reader, Shenella Senaratne, who runs a salon. She likes the idea of the Mac Index from last week’s column but suggests that Sri Lanka has its own domestic index and calls it the Paan (bread) Index. Conspiracies have many cousins. This one is about the fate of Welikada Prison’s most ...