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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 ...
Last week I was on the Air Force flight on route to Jaffna for a meeting with 52 investors who wanted to invest in the first industrial estate in the Northern Province – Atchchuveley. In my hand were the key sites that one can visit in Jaffna as a tourist. The first thought that struck ...
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 ...
Colombo is already a hub of musical activity; from the sounds of the street vendors to late night jamming sessions by lesser-known bands, the city throbs with the beat of vibrant lives. From August 23rd to 27th, the city’s music will take on a decidedly eclectic flavour as the much-awaited “Sense and Soul Colombo Music ...
Most Venerable Udugama Sri Buddharakkitha Thero, Maha Nayaka of the Asgiriya Chapter in Sri Lanka and delegation visited Japan from 23 to 30 June on the invitation of the Shinnyo-en Temple in Tachikawa, Japan for an event organised by the Embassy of Sri Lanka in collaboration with Venerable Yalagamuwe Dammissara Thero of the Hachi-oji Temple ...
To see the abundant wildlife in four national parks, Sharon Ng Kooi Kin endures driving on what passes off as roads New Straits Times: WE don’t go on one safari in Sri Lanka. We go on four in 12 days! Our bones are shaken and rattled out of joint, even as our eyes feast on ...
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 ...
Sri Lanka and China are to sign a comprehensive economic cooperation agreement shortly in a bid to further enhance strong bilateral ties currently being enjoyed. This matter was discussed when the new Ambassador to People’s Republic of China Wu Jianghao paid a courtesy call on Economic Development Minister Basil Rajapaksa last week. “The Minister and ...
IFC, a member of the World Bank Group, is working with Sri Lanka’s Nations Trust Bank (NTB) to help up to 30,000 small business owners become more competitive through a series of advisory interventions, sharpening their readiness to access new markets. With IFC’s advisory assistance, the bank has strengthened its institutional capacity over the ...
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 ...
Drug Trafficking was one of the main sources of finance for the LTTE terrorists as reflected in the World Drug Report 2012, says Permanent Representative of Sri Lanka to the United Nations Dr. Palitha Kohona. He was addressing at the UN General Assembly Thematic Debate on ‘Drug and Crime as a Threat to Development’ ...
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 ...
A public lecture on “Tourism industry in Sri Lanka” Growth, strategies and future prospects” will be held today (28 June) at 5.00 p.m. at the Centre for Banking Studies, Sri. Jayawardenapura Mawatha, Rajagiriya. The speaker will be Sri Lanka Tourism Development Authority Chairman Dr. Nalaka Godahewa. The public lecture is organised by the Central Bank ...
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 Cheranka Mendis With the tourism industry gearing up to welcome 2.5 million tourists by 2016, Imperial Institute of Hospitality and Leisure (IIHL) yesterday announced the launch of industry qualifications from UK’s Institute of Hospitality (IH) which aims to provide the much needed training and skill set to local workforce. A first in South Asia, ...
Development of tourism in Sri Lanka will require stakeholders to strike a proper balance between developing 3-star and 4-star properties on the one hand, and luxury and boutique hotels on the other, in addition to implementing a more liberalized pricing structure, according to a report from Sri Lanka-based strategy consulting firm Vox & Co.
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 ...
PR.com: Escape Holidays, an innovative and interesting online destination management company and travel agency based in sri Lanka, has recently launched their new consumer website: SriLankaandMaldives.com – a site that offers simply the very best selection of hotels, resorts, and tour packages. SriLankaandMaldives.com is the first travel website that specialises in and specifically caters fo...
Leader in processed meat Keells Food Products Plc is doubling its capacity with the purchase of production facility of D&W Foods Ltd., at Pannala for Rs. 700 million. The Company also announced a Rights Issue to raise Rs. 1.02 billion. Both moves are subject to shareholder approval at an EGM. D&W Foods is located at ...
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 ...
Halal World, the magazine which was launched a year ago has, in partnership with UTO EduConsult and KPMG, will hold the first ever Islamic Banking Industry Awards in July. It has made this initiative to recognise mainly the many players in the IBF industry for their contribution towards its growth. Halal World focuses on the ...
Over 25,000 passengers carried in eight months with Kandy, Badulla, Trinco and Vavuniya as destinations Ever since its launch in October 2011, Expo Rail has been on an upward drive redefining rail travel in Sri Lanka. With four destinations in its portfolio – Badulla, Kandy, Trincomalee and Vavuniya – Expo Rail has, in the past ...
Sri Lanka has a very good potential to be a top tourist destination in the region and is unique in its natural beauty, against any competitor in the region, a top diplomatic group from United Kingdom (UK) stated.