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An important feature of the recent Sri Lanka Economic Summit, which both the Guest Speaker Gurcharan Das, Author, Columnist and Management Consultant and Keynote Speaker Dr. Kalpana Kochar, Chief Economist – South Asia of the World Bank, referred to were the opportunities presented to Sri Lanka by the ongoing process of globalisation and particularly the ...
- Achieving economic goals amidst global challenges (Category: Business)
- Signs of an economic doomsday… is there a way out? (Category: Business)
- Positioning Sri Lanka in the global economy (Category: Business)
- Development-led globalisation (Category: Business)
Says trade before politics and wants better connectivity for businessmen By Uditha Jayasinghe Sri Lanka should tap into the south Asian region, which is putting trade before politics, said a top official, calling for Sri Lanka to move ahead with the Comprehensive Economic Free Trade Agreement (CEPA). South Asian Association for Regional Cooperation (SAARC) Chamber ...
- Basil urges greater integration by SAARC biz (Category: Business)
- Re-considering SAARC trade (Category: Business)
- Sun Foundation extends its initiative in Sri Lanka (Category: Business)
- South Asia’s private sector unites to fast-track trade facilitation (Category: Business)
By B.A.B. Goonetilleke Sometime in 2009, in what was to become a defining moment in the new Digital Age, Bradley Manning, a 24-year-old Army private based at an outpost in Iraq, began to download a veritable trove of classified cables dispatched by US missions around the world on to a thumb drive. Whether Manning stepped ...
- Solheim Looks Back On The Peace Process (Category: Breaking News)
- Wikileaks: Norwegians Concerned Over JVP’s ‘Ugly’ Campaign (Category: Breaking News)
- Sri Lankans In Wikileaks (Category: Breaking News)
- Sri Lanka and the Spectre of an International Investigation (Category: Breaking News)
Delayed project for Rs. 20 b five-star hotel cum residencies kicks off, 20-year management deal to be finalised with Hyatt, global financiers included; set to be largest hotel and tallest building in town By Uditha Jayasinghe The long-awaited Rs. 20 billion Hyatt management venture recommenced yesterday in what aims to be the Colombo’s biggest hotel ...
- Chain Interest (Category: Business)
- Tower Status (Category: Business)
- Sri Lanka inaugurates construction of 43-story Hyatt Regency hotel in capital Colombo (Category: Breaking News)
- Hilton Says Will Discuss With Govt. (Category: Breaking News)
Heads turning attraction! Biggest sporting event in post-war Sri Lanka aims to boost future cricket talent at provinces; leisure and entertainment industry to get a fillip 21-day contest from 10 August involving local and global stars to be promoted as “village, country and the world” coming together as one to celebrate Sri Lanka’s passion MCC ...
- Brian Lara, MCC Chief lift SLPL to the world (Category: Business)
- SLPL boost for tourism next month (Category: Business)
- Sri Lanka Premier League forges ahead (Category: Business)
- All set for maiden SLPL; sights set for bigger glory in the future (Category: Business)
Luxury resort records Rs. 1.233b asset baseThe Fortress Resort and Spa announced the successful completion of FY 2011/2012, with stellar financial results in all areas including profits, asset base and shareholder equity. Occupancy rates for the resort in Koggala were high throughout the season as the high-end, colonial architecture-inspired Fortress continues to carve out a ...
- Vallibel Finance 1Q pre-tax profit up 23% to Rs. 107 m (Category: Business)
- The Fortress shines with top Asia Pacific award (Category: Business)
- Stellar 3Q for JKH (Category: Business)
- Ricky Mendis buys 8% of Serendib Hotels for Rs. 142 m (Category: Business)
Standard Chartered Bank has revised Sri Lanka’s credit outlook to stable from positive and is advising bond investors to await the conclusion of Sri Lanka’s $ 1 billion Sovereign issue prior to getting involved in the country’s debt market opportunities. This advise is contained in SCB’s latest Asian sovereign credit coverage. “While we believe that ...
- Standard Chartered optimistic Rupee will appreciate in Q3-4 (Category: Business)
- A rosy update (Category: Business)
- Raising the bar: The rise of the Sri Lankan economy (Category: Business)
- A resolute Sri Lankan economy (Category: Business)
Roomsnet.com which has over 12 years of experience in the global online travel industry, is showcasing its solutions at the Hotel Show 2012, which opened yesterday at the BMICH. Providing a platform to showcase their products for hotel suppliers, both local and international, the Hotel Show 2012 is and on until Sunday. Citing experts, Roomsnet.com ...
- Swiss Hotel School Lucerne, Baur Asia to sign deal in April for Asian Campus (Category: Business)
- Sri Lanka apparel industry on Design Festival catwalk (Category: Business)
- Another first by Mount Lavinia Hotel (Category: Business)
- Twelve e-marketing experts to take the podium at ‘Optimising the Future 2011’ (Category: Business)
Plans are underway to create a platform for Sri Lankan entrepreneurs to showcase their products and services to their counterparts in the Sultanate of Oman with the hosting of the first ‘Sri Lankan Trade Exhibition & Food Festival 2012,’ on 9, 10 and 11 October 2012 at Al Falaj Hotel, Muscat. The event is being ...
- Lanka seeks to boost ties with Oman (Category: Business)
- Oman offers support to Sri Lanka (Category: Breaking News)
- Oman Air commemorates operations to Sri Lanka (Category: Business)
- Sri Lanka to directly import oil and gas from Oman (Category: Breaking News)
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 ...
- Improving Sri Lanka’s business climate (Category: Business)
- Sri Lanka Economic Summit to examine ease of doing business (Category: Business)
- Creating digital inclusion and regional connectivity (Category: Business)
- From science to commercialisation (Category: Business)
The ProFood/ProPack 2012 held from 6-8 July at BMICH Colombo yet again provided an excellent platform to around 45 participating Indian companies to showcase their wide range of agro and food products to the Sri Lankan public and business community. There was strong buyer interest in the Indian products such as wine, fresh fruits like ...
- Indian wine and agro firms at Pro Food Pro Pack 2012 expo (Category: Business)
- India Pavilion adjudged the Best pavilion at Sri Lanka food and Agri exhibition (Category: Breaking News)
- Ayubowan India! (Category: Business)
- Indian mantra for merry ties! (Category: Business)
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, ...
- Govt. on right course, private sector must adapt and grow: Dr. P.B. (Category: Business)
- Accelerating growth: catching the wave or missing the bus (Category: Business)
- A resolute Sri Lankan economy (Category: Business)
- Does Wage Growth Retard Economic Growth? (Category: Breaking News)
By Cassandra Mascarenhas Being a developing country with a small domestic market of 20 million people, it is imperative for Sri Lanka to look towards exports to achieve high economic growth rates. The restriction of the size of the domestic market imposed through low income levels and small market size does not facilitate domestic producers ...
- Industry discusses Ceylon Tea’s ‘ExclusiviTea’ (Category: Business)
- ‘Pure Ceylon Tea’ or ‘tea hub’? The billion dollar question (Category: Business)
- Storms brewing in teacups (Category: Business)
- Storm in Sri Lanka’s teacup: A more pragmatic approach is key (Category: Business)
Third batch of students graduate in TangalleThe third batch of 23 students, trained in hotel operations under ‘Jeevana’ Livelihood Development Scheme, promoted by NDB, passed out at a ceremony held in Tangalle on 9 July. MP Namal Rajapaksa was the chief guest at the ceremony. Initiated in September 2010, ‘Jeevana’ Livelihood Development Program endorses NDB’s ...
- NDB ‘Jeevana’ empowers youth in Jaffna together with DIMO (Category: Business)
- NDB Bank enhances hospitality trade through ‘Jeevana’ initiative again (Category: Business)
- NDB helps youths to get jobs in the growing tourism industry (Category: Breaking News)
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 ...
- Lion leads frontier markets (Category: Business)
- Young political guns speak up for economy (Category: Business)
- Ceylon Chamber spearheaded repositioning post-war Sri Lanka forum kicks off today (Category: Business)
- Sustainability in volatility: The bankers’ challenge (Category: Business)
Floriculture processing, training and agro tourism centre opened in Bingiriya Labour saving efforts and productivity are major aspects of surviving the fast growing world flower market which is also highly competitive. “Though Sri Lanka supplies only around 0.4% of supply to the world flower market, this sector is one identified in the five year action ...
- Government mulling dedicated Agro Export Zones with PPPs (Category: Business)
- Electronic system for Tea Auctions (Category: Breaking News)
- Sri Lanka asks exporters to push product quality (Category: Business)
- Flower Power (Category: Business)
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 ...
- ‘Pure Ceylon Tea’ or ‘tea hub’? The billion dollar question (Category: Business)
- The Treasure Hunt (Category: Business)
- Etisalat’s ‘Really Really Fast Internet Campaign’ wins a Silver Effie (Category: Business)
- For tourism, after BRICs, Lanka-included SLIMMA is the best (Category: Business)
Major professional tour golf is set to make its debut in Sri Lanka in August when over 100 top golf professionals tee off at The Royal Colombo Golf Club at The Standard Chartered Open 2012, an event sanctioned by The Professional Golf Tour of India (the “PGTI”) as part of its 2012 schedule. The four ...
- PGTI debuts in Sri Lanka with Standard Chartered Open 2012 (Category: Business)
- 120 golf pros to tee off at Standard Chartered Open in SL (Category: Business)
- Sri Lanka to host a major international golf tournament in August (Category: Breaking News)
- BBDO Lanka supports first ever PGTI Tournament in Sri Lanka (Category: Business)
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 ...
- For a change Geneva, Zurich to hear Sri Lanka’s post-war potential this week (Category: Business)
- Swiss banks tout stability and secrecy to lure rich (Category: Business)
- UBS CEO calls attacks on Swiss tax “economic war” (Category: Business)
- ERI wins ‘Diamond Eye Award for Quality and Excellence’ (Category: Business)
Tie-up with East West Properties to see 200-room, 11-storey Weligama Marriott Resort and Space come up in mid 2014Marriott International has announced the signing of an agreement with Weligama Hotel Properties Ltd., a fully-owned subsidiary of East West Properties PLC, to open a hotel in Sri Lanka – the Weligama Marriott Resort & Spa in ...
- Marriott International to open its first Sri Lankan hotel in 2014 (Category: Breaking News)
- Marriott International announces its first hotel in Sri Lanka (Category: Breaking News)
- Marriott Debuts in Sri Lanka (Category: Breaking News)
- Serene wins World Luxury Hotel Country Award again (Category: Business)
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)
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