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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)
In a major breakthrough for Sri Lanka Cricket, all seven Sri Lanka Premier League (SLPL) Franchises have been snapped up with bids worth over $ 30 million received, above the targeted minimum of $ 21 million. When the deadline for bids closed yesterday, the seven franchises had racked in an average bid of $ 4.31 ...
- Sri Lanka T20 event attracts bids over $30mn (Category: Breaking News)
- Sri Lanka T20 League attracts bids over $30 mn (Category: Breaking News)
- Sri Lanka cricket grabs 30 million dollars in franchise deals (Category: Breaking News)
- $3 m floor price set for T20 league franchises (Category: Business)
Around two weeks back when I was invited to address the business chambers of Pakistan in Karachi, I realised that the bond between the people of Pakistan and Sri Lanka was not due to business or commerce but the game of cricket. Whenever I mentioned cricket in my addresses, there was a round of applause ...
- Sri Lanka makes it to 2013 Future Brands Country report (Category: Business)
- Branding Sri Lanka (Category: Business)
- Sri Lankans put on a gutsy show for free (Category: Business)
- Brand ‘Sri Lanka’ valued $ 23 b; ranks 76th globally (Category: Business)
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)
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)
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 ...
- Suu Kyi’s party claims landslide win in Myanmar vote (Category: Business)
- ‘Burmese Lessons’ for Sri Lanka (Category: Business)
- Myanmar: South Asia’s other ‘Small Miracle’? (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)
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 ...
- Sri Lanka state finances would improve with domestic domestic restructure: think tank (Category: Breaking News)
- Limits of statist development or state capitalism (Category: Business)
- Sri Lanka net government debt soars in 2021 despite zero foreign deficit finance (Category: Breaking News)
- Rupee depreciation: A powerful tool to drive growth and employment? (Category: Business)
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 ...
- UK delegation visiting Sri Lanka emphasizes the need to hold elections in North (Category: Breaking News)
- Consular Corps of London laud govt’s hospitality (Category: Breaking News)
- Somaratana Thero offered assistance (Category: Breaking News)
- 50 deported Lankans arrive from UK tomorrow (Category: Breaking News)
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)
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, ...
- Pathfinder Foundation welcomes recent fiscal and monetary measures (Category: Business)
- UNCTAD moots new generation of investment policies for sustainable development (Category: Business)
- CCC says no room for complacency (Category: Business)
- Under President’s leadership, numerous programs have been launched to foster an investment-frien... (Category: Breaking News)
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 ...
- University of West London LLM Programs start at ANC Education (Category: Business)
- Public seminar on law on 11 June (Category: Business)
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, ...
- BOI says approvals up 100%, agreements signed by 25% in 1Q (Category: Business)
- Challenges for FDI (Category: Business)
- Ministry of Economic Development breaks silence; responds to tourism, BOI issues (Category: Business)
- FDI exceeds 1.5 billion USD target set by BOI for 2023 -State Minister of Investment Promotion (Category: Breaking News)
“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 ...
- China assures further strengthening of business ties with Sri Lanka (Category: Breaking News)
- Sri Lanka, China to further strengthen business links (Category: Breaking News)
- Budding Business (Category: Business)
- Sri Lanka-China Bilateral Trade In China’s Favour (Category: Business)
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 ...
- Asia Pacific trade and investment (Category: Business)
- Challenging times for Asia Pacific (Category: Business)
- More challenging global environment ahead for Asia Pacific region (Category: Business)
- Asia sees red over ‘green economy’ (Category: Business)
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 ....
- Bond Auction (Category: Business)
- ‘SL will implement home-grown solution’ (Category: Breaking News)
- Market Flavour (Category: Business)
- Seeking Direction (Category: Business)
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 ...
- Subsidized student loan scheme through commercial banks in addition to existing interest-free st... (Category: Breaking News)
- Banks lift overseas spending limits imposed on credit cards as dollar liquidity improves (Category: Breaking News)
- Ten problems; one solution (Category: Business)
- Causes Of Economic Crisis In Sri Lanka & Lessons For A New Age (Category: Breaking News)
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)
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 ...
- Today’s Front Page 07-06-2012 (Category: Business)
- Today’s Front Page 28-06-2012 (Category: Business)
- Today’s Front Page 30-06-2012 (Category: Business)
- Today’s Front Page 16-06-2012 (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)
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 ...
- Singapore foreign Minister visits SriLanka today (Category: Breaking News)
- Singapore FM conducts talks with GL Peiris (Category: Breaking News)
- External Affairs Minister briefs UK Defence Secretary on Sri Lanka (Category: Breaking News)
- EU might not revoke Sri Lanka trade boon GL (Category: Breaking News)
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 ...
- BOI Board in limbo (Category: Business)
- Ministry of Economic Development breaks silence; responds to tourism, BOI issues (Category: Business)
- Will Mahinda’s 7th Budget be lucky for Lanka? (Category: Business)
- Basil bats for PB (Category: Business)
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 ...
- Maalu Maalu Resort Celebrates One Year In Operation Above Expectations (Category: Business)
- HNB Finances Maalu Maalu (Category: Breaking News)
- Paradise for lease! (Category: Business)
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 ...
- CB says considerable improvement in forex inflows in March (Category: Business)
- Worker remittances exceed $ 5 b (Category: Business)
- Inflows improve (Category: Business)
- Jan-July worker remittances up 25.6% to $ 2.92 b (Category: Business)
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 ...
- Lying in the lap of luxury – the Corporate Lounge (Category: Business)
- Singapore’s envoy meets Basil (Category: Business)
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 ...
- Competitiveness is key to securing tourism success (Category: Business)
- 3M, a Global Partner in Innovation (Category: Business)
- Building the ‘Harpo’ empire (Category: Business)
- Alam Steel to start operations in Sri Lanka soon (Category: Business)
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. ...
- S’pore FM in town next week with top biz team (Category: Business)
- Sri Lanka, Singapore to ink first-ever B2B MoU in Colombo today (Category: Business)
- Sri Lanka, Singapore sign biz, investment cooperation deal (Category: Business)
- Singapore business delegation to visit Sri Lanka (Category: Breaking News)
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 ...
- ‘Rupee Volatility – In Search of Equilibrium’ (Category: Business)
- Forex crisis: CB explains and assures (Category: Business)
- Economic growth to rebound in 2013: SCB (Category: Business)
- Raising the bar: The rise of the Sri Lankan economy (Category: Business)
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 ...
- Basil bats for PB (Category: Business)
- BOI Board in limbo (Category: Business)
- Combined publicity blitz for Sri Lanka tourism still not 100% ready (Category: Business)
- Nalaka Godahewa tosses three tourism hats (Category: Business)
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 ...
- Asia Pacific visitor arrivals up 3% in May (Category: Business)
- Asia dominates in Asia Pacific tourism boom – PATA (Category: Business)
- Asia Pacific tourism records 6% growth in 2011 – PATA (Category: Business)
- PATA says international arrivals up in April but growth rate slows (Category: Business)
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