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Could water related industries bring new waves of prosperity to Sri Lanka? International experts seem to think so. Visiting international marina consultant and developer, Simon J. Arrol, Managing Director of Arrol Ltd in Jersey has outlined exciting potential for Sri Lanka to Industry and Commerce Minister Rishad Bathiudeen. Arrol, believes marinas are the boat parks ...
- Sri Lanka’s hidden marine potential is huge (Category: Business)
- Sri Lanka launches into the world of marinas (Category: Business)
- Boat Ride (Category: Business)
- 20,000 buyers expected at South Asia’s largest boat show (Category: Business)
SL well placed to develop all classes of Marinas known to the shipping and boating world -Int’l Marina Specialist Simon Arrol SL also a natural hub for world cruising yachts Colombo’s Marina potential packs strong worldwide free publicity potential essential for a fast growing tourist destination Sri Lanka is a natural hub for ...
- Catching the wave of prosperity (Category: Business)
- Sri Lanka launches into the world of marinas (Category: Business)
- Govt. to abolish duty-free vessel imports to boost $ 500 m boating industry (Category: Business)
- Marketing an emerging tourism destination in Asia (Category: Business)
Achieves best-ever results in 134-year history Pre-tax profit at Rs. Rs 4.8 billion, post-tax figure Rs. 3.8 b Profit attributable to equity holders of the company up 269% to Rs. 2.5b Turnover up 15% to Rs 62.5 b A challenging operating environment notwithstanding, Hayleys Group has posted its best annual earnings in the history of ...
- Hayleys quadruples 9-month net profit to Rs. 3.6 b (Category: Business)
- Hayleys triples 1H pre-tax profit to Rs. 3.6 b (Category: Business)
- Hayleys ends 1Q with Rs. 17.3 b turnover; Rs. 861 m pre-tax profit (Category: Business)
Boating industry thanks Industry Minister for strong support Sri Lanka enters prestigious International Boating Industry Magazine rankings Sri Lanka’s commercial boat sub-sector reporting stronger international orders from Asia, Africa and ME Introducing a much-sought-after measure of relief to Sri Lanka’s boating industry, the country will now introduce tax on boat imports that are la...
- Sri Lanka launches into the world of marinas (Category: Business)
- Sri Lanka’s hidden marine potential is huge (Category: Business)
- 20,000 buyers expected at South Asia’s largest boat show (Category: Business)
Saudi Arabia, the Arab world’s largest economy, wants a joint council to boost trade ties with Sri Lanka, the Ministry of Industry and Commerce announced this week. The Ministry quoted Dr. Mohammed H. Al-Kathiri, the Deputy Minister for Foreign Trade of Kingdom of Saudi Arabia as saying, “It would be necessary to complete appropriate procedures ...
- Arab Attraction (Category: Business)
- No ban from Saudi Arabia on recruitment from Sri Lanka (Category: Breaking News)
- Saudi Arabia wants joint council with Lanka (Category: Breaking News)
- 130 stranded housemaids return . (Category: Breaking News)
Thailand’s new Ambassador to Sri Lanka Poldej Worachat yesterday paid a courtesy call on Economic Development Minister Basil Rajapaksa to discuss issues of bilateral interest. At the outset of the meeting Rajapaksa thanked the Thailand for the assistance given by its government recently at various international forums, specially at the recently concluded UNCHR meeting. Longstanding ...
- New era in bilateral relations between Norway and Sri Lanka (Category: Breaking News)
- Sri Lanka, Norway to strengthen bilateral relations (Category: Breaking News)
- President and Thai Prime Minister hold bilateral discussions (Category: Breaking News)
The Foreign Minister of Singapore will be visiting Sri Lanka from 26 May to 2 June 2012 accompanied by a high-powered delegation from the Singapore Business Federation (SBF). One of the key expectations of the delegation is to establish mutually-beneficial relationships with key Government officials as well as the Sri Lankan business community during ...
- Sri Lanka – Singapore signs MOU to strengthen business relationships (Category: Breaking News)
- Mutual lessons (Category: Business)
- Sri Lanka, Singapore to ink first-ever B2B MoU in Colombo today (Category: Business)
- Singapore business delegation to visit Sri Lanka (Category: Breaking News)
Opens three branches in Nelliady, Chunnakam and Chavakachcheri Steeped in a rich history of 32 years, LOLC’s strategic vision and agility have enabled its companies to leverage growth opportunities evolving in the national landscape. With primary business interests in the financial services sector, the LOLC Group – one of the leading blue chip companies of ...
- Diversified young conglomerate LOLC honoured with six accolades (Category: Business)
- LOLC weathers tough year with highest-ever profits (Category: Business)
- LOLC Group kicks off FY13 with Rs. 1.1 b pre-tax profit in 1Q (Category: Business)
- LOLC forges ahead with steady growth in profitability (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)
Tourism is Sri Lanka’s phoenix. After rising from the ashes of war, it has spread its fiery wings and taken off to bring hope to many and bolster the overall economy. Yet, despite positive statistics, there is fear that the light could dim if policies do not become more aggressive and comprehensive. On Wednesday, the ...
- Travel Trend (Category: Business)
- Travel Trend (Category: Business)
- Highest number of tourist arrivals in Dec. 2011 (Category: Breaking News)
- Boost in the Tourism sector will help offset other revenue losses (Category: Breaking News)
Columnists come and go. Hope this one stays! I’ll agree to do that; if you’d let me kick up controversy, poke fun at you and distort the life out of news and gossip that come my way. The Daily FT Ed is a nice guy; he’s already let me do that. As long as I ...
- 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)
Steps to promote through embassies have started Sri Lanka Tourism to be rebranded as Sri Lanka Tourism Authority soon By Cheranka Mendis Conclusive decisions have not been taken to fully implement the Government’s plan on formulating a combined publicity program to build a unified brand for Sri Lanka Tourism as announced in August last year, ...
- Floodwaters wreaking havoc in Sri Lanka (Category: Breaking News)
- Tourism promotion activities should be carried out through Sri Lankan missions in foreign nation... (Category: Breaking News)
- Showcasing Sri Lanka and driving demand (Category: Business)
- Lankan missions abroad recognised at Tourism Awards (Category: Business)
WASHINGTON: External Affairs Minister Prof. G.L. Peiris opened a four-day, official visit to Washington, DC Tuesday with a series of meetings with key US Senate leaders and a talk on Sri Lanka’s post-conflict redevelopment and reconciliation programs, emphasising that lasting peace, stability and growth in Sri Lanka will be achieved through home-grown solutions, not those ...
- GL, Hilary meeting on 18 May (Category: Business)
- GL says HRC resolution will not hinder " on going reconciliation programs" (Category: Breaking News)
- SL attends UNHRC sessions with impressive post-conflict records: Former AG (Category: Business)
- Govt. to include progress in implementing LLRC recommendations in UPR report (Category: Business)
Tourism has emerged as an extremely important sector in the economy from a number of perspectives in post-conflict Sri Lanka. It is important as a potential source of growth, employment and foreign exchange. The sector has seen impressive recovery since the end of the conflict. Arrivals have increased from 447,890 in 2009 to 855,975 in ...
- Sri Lankan`s Tourism sector invests $ 10 b (Category: Breaking News)
- Lanka gears for tourism boom (Category: Breaking News)
- Sri Lanka tourism authority introduces a fully automated licensing system (Category: Breaking News)
- Developing tourism in Sri Lanka and challenges (Daily News) (Category: Breaking News)
Under Secretary of the Ministry of Foreign Affairs of Philippines Erlinda F. Basilio met Minister of Economic Development Basil Rajapaksa today at the Economic Development Ministry. At the outset Minister Rajapaksa said at the moment Sri Lanka will always remember the help extended by the Philippines in various international forums recently. Longstanding friendship between the ...
- Pakistan wants strong economic ties with Lanka (Category: Breaking News)
- Pakistan wants strong economic ties with Lanka (Category: Breaking News)
- Sri Lanka urges US to extend GSP (Category: Business)
- President holds bilateral talks with Asif Ali Zardari (Category: Breaking News)
SRI LANKA has ambitious goals for development and needs investment to push up growth to the expected levels of eight per cent or more. Even though the country has fared well in 2010 and 2011 by posting eight per cent and 8.3 per cent growth consecutively for the first time in history, there is increasing ...
- 7,000 vacancies in Sri Lanka's export zones (Category: Breaking News)
- Laid off BOI company workers still not paid compensation (Category: Business)
- Sri Lanka manufactures garment to M&S and Tesco (Category: Business)
- BOI approves 6 new ventures in SL (Category: Breaking News)
Admits growth may be slower but insists that all assistance will be given for investment Despite a growth downgrade in 2012, Central Bank Governor Ajith Nivard Cabraal insists that the Government is focused on encouraging private sector investment and will provide maximum assistance. Cabraal made these points as the Guest Speaker at the American Chamber ...
- Credit growth to slow to 27% by December – Cabraal (Category: Business)
- Banking delegation in Qatar to attract investments (Category: Business)
- CB may take act on high credit growth (Category: Business)
By Cassandra Mascarenhas The pace of activity in the construction industry has slowed down due to constraints caused by the high cost of finance fuelled by the rise in interest rates, the devaluation of the rupee that have resulted in imports being more expensive and the lack of FDIs coming into the industry, stated Chamber ...
- Vocation Worry (Category: Business)
- Cash Crisis (Category: Business)
- Work Share (Category: Business)
- Industry gears up for ‘Construction Expo 2012’ (Category: Business)
Still recovering from decades of civil war, Sri Lanka has attracted some private equity interest but firms have found it hard to rally LP support for the country PE Asia: Sri Lanka’s golden sandy beaches lie not 50 kilometres from India’s closest point, but the distance between the two countries’ private equity markets is ...
- Sri Lanka Equity Forum celebrates two years of success (Category: Business)
- Private Equity (Category: Business)
- Shares Sales (Category: Business)
- Asia Leisure forms partnership with Teoria Investment Japan for new hotel projects (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)
Holders of UnionPay credit and debit cards can now withdraw money from more than 500 ATM terminals in Sri Lanka of the Commercial Bank of Ceylon, under a partnership between the Bank and China UnionPay. This partnership between the country’s largest private bank and one of the world’s largest payment card schemes will facilitate visits ...
- COMBank launches exclusive savings account for women (Category: Business)
- Commercial Bank arrives at Maskeliya (Category: Business)
By Cassandra Mascarenhas Expected to attract over 20,000 buyers this time around, Boat Show Sri Lanka 2012, South Asia’s largest international boat show, will commence on 18 May for the third consecutive time, organisers said on Tuesday. From left: LECS Director Imran Hassan, Ministry of Industry and Commerce Additional Secretary — Policy Development Asitha K.Seneviratna, ...
- Govt. to abolish duty-free vessel imports to boost $ 500 m boating industry (Category: Business)
- Sri Lanka launches into the world of marinas (Category: Business)
- Boat Show Sri Lanka 2012, launching pad for future industry growth (Category: Breaking News)
- Sri Lanka to build marinas to promote boat building industry (Category: Breaking News)
Sri Lanka Railways on Monday officially launched ‘Sri Lanka by Rail,’ the country’s first rail magazine, in collaboration with Spotlight PR. The publication is aimed at supporting the Government’s long-term plans of developing the country’s railway sector. The Government recently embarked on a drive to revamp the country’s rail network with the aim of offering ....
- Sri Lanka Railways allocates Rs. 1 billion to install gates at unprotected rail crossings (Category: Breaking News)
- Sri Lanka Railways allocates Rs. 1 billion to install gates at unprotected rail crossings (Category: Breaking News)
- Sri Lanka Railways puts three Indian trains on track (Category: Breaking News)
- Railways to reconstruct 56-km rail line in Lanka for $149 m (Category: Breaking News)
CB gives appraisal on economy, admits 2012 start under pressure but insists new policies have smoothed road ahead By Uditha Jayasinghe Regardless of emerging pressures, the Central Bank is confident that Sri Lanka will be able to weather economic storms in 2012, a top official said yesterday, insisting that proactive policy measures would bear ...
- July tourist arrivals up 7.8% (Category: Business)
- Borrowed surplus looming, warns Harsha (Category: Business)
- JKH forges with solid growth (Category: Business)
- Stellar 3Q for JKH (Category: Business)
The Secretary General of UNWTO Dr. Taleb Refai, distinguished invitees, presenters, officials, representatives of the media, ladies and gentlemen, it is indeed a privilege for me and for my country Sri Lanka to be invited for this high level UNWTO conference to present our perspective of green tourism. UNWTO Secretary General Dr. Taleb Refai ...
- Marketing an emerging tourism destination in Asia (Category: Business)
- Sri Lanka to celebrate World Tourism Day tomorrow (Category: Business)
- Juggling tourism (Category: Business)
- How tourism yield can be suitably incorporated into the sustainability paradigm (Category: Business)
The Ceylon Chamber of Commerce, the legendary trade promotion organisation in Sri Lanka with a history of 173 years entered into a Memorandum of Understanding with the Foreign Trade Chambers Federation Rio de Janeiro – Brazil recently. “Private investors in Brazil will see this as a unique opportunity to work with Sri Lankan business conglomerates” ...
- Iran, SL ask for new world order (Category: Breaking News)
- Azkals take first step to World Cup dream in Sri Lanka (Category: Breaking News)
- Sri Lankan President meets world leaders at Rio+20 (Category: Breaking News)
- President to deliver speech at Rio+20 summit (Category: Breaking News)
The Ceylon Chamber of Commerce (CCC) signed a cooperation agreement with the Chamber for Promotion and Economic Development of the BRICS Countries (Brazil, Russia, India, China and South Africa) called ‘BRICS-PED’ recently. This special agreement will initially promote an identified range of products/services between Sri Lanka and BRICS Countries and facilitate alliances on reciprocal ...
- PED Secretary discusses plans for spring semester (Category: USA, New Mexico)
- PED Secretary discusses plans for spring semester (Category: USA, New Mexico)
- PED Secretary discusses plans for spring semester (Category: USA, New Mexico)
- Mo-ped driver killed in collision with truck (Category: USA, South Carolina)
The highest oversubscription ever seen for a Sri Lankan international bond in April and KPMG’s latest positive Change Readiness Index ranking for Sri Lanka show the growing international investor confidence in the country, which prefers patient investments to hot money. “Sri Lanka has entered a new era of development thanks to the visionary leadership of ...
- Rishad to promote Lanka at Dubai AIM power forum (Category: Business)
- Indian interest - Sri Lanka readying for dedicated trade talks in March (Category: Business)
- UAE-Sri Lanka trade tops $ 1 b mark in 2011 (Category: Business)
- Robust exports to get boost via Expo 2012 (Category: Business)
Sri Lanka spent Rs. 56 b on above-the-line advertising in 2011 Taking wing to India for meetings is a usual routine for any business leader attached to a multinational in Sri Lanka as most such organisations have their regional offices in India. During a recent visit to India, the hype surrounding IPL – 5th edition ...
- The brand IPL is about highlighting performance (Category: Business)
- A brilliant marketer? (Category: Business)
- Storms brewing in teacups (Category: Business)
- ‘Pure Ceylon Tea’ or ‘tea hub’? The billion dollar question (Category: Business)
Vesak is a time when Colombo comes alive with colour and spiritual festivity. It is an ideal and perfect time to showcase the city of Colombo amidst these unique celebrations. The Colombo City Tour, a unique venture by Sri Lanka Tourism and Ebert Silva Holiday offer exclusive and mesmerising evening tours to both foreign visitors ...
- A weekend of Vesak (Category: Business)
- Celebrating Vesak (Category: Business)
- Hilton comes alive with festivity for Vesak (Category: Business)
- A grand Vesak at Cinnamon Grand (Category: Business)
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