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Laugfs Gas PLC and its subsidiaries having recorded a profit after Tax of Rs. 942 million as per the un-audited financial statements for the year ended 31 March 2012, yesterday announced a payment of first and final dividend of Rs. 1.50 per share for both Ordinary Voting and Non- Voting shares held. Chairman Laugfs Gas ...
By Cassandra Mascarenhas The third and final day of the Sri Lanka Economic Summit 2012 organised by the Ceylon Chamber of Commerce commenced with a plenary session titled ‘Skills and Productivity to Compete in the Global Market,’ which discussed the initiatives that are underway and aimed to identify additional steps required to improve the quality ...
Dropped in at the hospital for a leisurely evening drink. Strawberry margaritas served in a breezy courtyard and physicians playing ’90s classics were just what the doctor ordered. The 16th century Dutch Hospital Shopping and Dining Precinct at Fort is a haven for the hale and hearty, perhaps the only one of its kind in ...
Sri Lanka Tourism Development Authority has banned the transportation of foreign tourists by three wheeler taxis that are not licensed for the purpose. The authority has given training to the three wheeler drivers in serving the tourists. The drivers who successfully completed the four-day training have been given a certificate and the necessary permission to ...
By Asoka N. Pathirane Having come into the tourism and hospitality industry with a bang last year, Wayamba Development Authority of the Wayamba Provincial Council has taken a giant step towards catering to the foreign and local traveller by signing up with a colossus Hotel and Resort Group, Amaya Leisure to operate the eye catching ...
Following is the full text of Secretary to Ministry of Finance and Planning and Ministry of Economic Development Dr. P.B. Jayasundera’s keynote address titled ‘Sri Lankan Economy in Perspective’ at first plenary session of the Ceylon Chamber of Commerce Sri Lanka Economic Summit yesterday under the theme ‘Positioning Sri Lanka in the Global Economy’ Chairman, ...
By Cassandra Mascarenhas Setting its sights on placing Sri Lanka in the global economy and expanding its reach in overseas markets, the Sri Lanka Economic Summit 2012, the Ceylon Chamber of Commerce’s annual flagship event, aptly themed ‘Positioning Sri Lanka in the Global Economy,’ commenced last evening at the Cinnamon Grand. In the context of ...
This is the second edition of the ‘Company Called Sri Lanka’ article range in store and finds it is the most appropriate time to express the marketing strategy for tourism in the backdrop of the Sri Lanka Economic Forum, where they will be arguing about positioning Sri Lanka in the world market. Sri Lanka as ...
There were some interesting bits of news in the papers about a week back, with some stories having a certain thread running through them. The US Ambassador Patricia Butenis visited the Coca Cola plant in Biyagama. The British High Commissioner John Rankin visited Unilever Sri Lanka’s newly built factory in Horana and the new Chinese ...
The 32nd Annual General Meeting of the Sri Lanka Association of Inbound Tour Operators (SLAITO) was held at The Sands in Kalutara, Sri Lanka on 29 June. The new committee of SLAITO consists of Mahen Kariyawasan (President), T.M.F Packeer (Vice President), Devindre Senaratne (Hon. Secretary), Harith Perera (Hon. Treasurer), Nilmin Nanayakkara (Immediate Past President), Chandra ...
The first-ever Swiss-Sri Lanka Business & Investment Forum held in Geneva concluded successfully on 11 June. “The theme of the Geneva event ‘A land of a thousand and one opportunities’ appears to have successfully captured the outlook of Sri Lanka’s new growth phase. I congratulate the Sri Lankan delegation, our Swiss Embassy in Germany and ...
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 ...
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 ...
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 ...
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 ...
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 ...
Tourism is very much in the news and targets are being bandied around. A magic number plucked from the air of 2.5 million tourists by 2015/16 is often quoted. All this suggests that tourism will see a sustained explosion in growth. What is the truth? Is it fast growth or slow burn? What are the ...
An exciting weekend of activities will be held in Kalpitiya as preparations are in full swing for Sri Lanka’s first-ever Red Bull Kite Surfing race scheduled to be held on 7 and 8 July. Divyaa Lagoon Resort – the only luxury boutique hotel in Kalpitiya – will play host to the event including a fantastic ...
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 ...
OVER the last three years Sri Lanka has become used to being at the forefront of development potential and political stability in South Asia but interestingly, neighbour Maldives has had the highest per capita income in the region and continues to lead the way in investment and economic growth. A study done by a ...
President Mahinda Rajapaksa last week emphasised on the requirement of having a domestic airport in the District of Kandy to achieve the maximum benefits of the country’s booming tourism industry. The President at a meeting held at the Temple Trees instructed the relevant officials to submit a feasibility report to construct a domestic airport in ...
The Board of Investment (BOI) this week signed an agreement with a Saudi Arabian investor who will set up a project to carry out yacht, boat and pleasure craft repairs at the Galle Harbour. The project will be a state-of-the-art marine venture and will result in benefits for Sri Lanka such as technology transfers, increase ...
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 ...
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 ...
By Cheranka Mendis With travellers becoming increasingly eco-conscious and demanding data on the environmental sustainability of hotels prior to booking, Greening Sri Lanka Hotels, an European Commission-funded project under the SWITCH-Asia program, will host a half day workshop on ‘The Importance of Sustainability for Future Tourism’ next Wednesday. Scheduled to be held at the Ci...
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 ...
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 ...
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 ...
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 ...
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 ...