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With a stellar performance from its tourism sector, Aitken Spence PLC has reported its highest-ever profit before tax of Rs. 5.5 billion for 2011/12. The company posted a consolidated profit after tax of Rs. 4.7 billion for the year financial year ended 31 March 2012, Aitken Spence said in a statement. The blue chip showed ...
- Aitken Spence 1H profit before tax up 7.5% to Rs. 1.7 b (Category: Business)
- Aitken Spence’s 9 month profits up 24% to Rs. 3 b (Category: Business)
- Spence 1Q pre-tax profit up 25% to Rs. 918 m (Category: Business)
- Harry triggers Takeover Code on Aitken Spence (Category: Business)
Expolanka Holdings Plc said yesterday it has sustained its consolidated net profit after tax for the FY 2011/12 at Rs. 1.23 billion with a consolidated net profit before tax at Rs. 1.68 billion. The Q4 recorded a year on year growth of 21% in top line, 33% growth in gross profit and 22% growth in ...
- High raw material cost sends Tokyo Cement 1Q profit down despite 33% rise in sales (Category: Business)
- Sampath Bank profit tops Rs 2 bn (Category: Breaking News)
- Mobitel profit exceeds Rs 200 million in Q1 (Category: Breaking News)
- CT Holdings ends FY12 on a high with stellar 4Q (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)
The best hotels, hotel architecture, interiors, construction and design across the entire Asia Pacific region were celebrated at The J W Marriott Hotel in Kuala Lumpur on 27 April. The leading companies behind these winning hotels and hospitality projects were invited to attend to receive the prestigious awards. The Asia Pacific Hotel Awards in association ...
- The Fortress pampers guests with 5-star butler service concept (Category: Business)
- The Fortress wins global title in World Luxury Hotel Awards (Category: Business)
- The Fortress scoops prestigious global luxury hotel award (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)
CANBERRA (Reuters): An Australian billionaire announced plans on Monday to build an ‘unsinkable’ version of the Titanic, 100 years after the original sank after hitting an iceberg. Titanic II is expected to make its maiden voyage from England to North America, the old Titanic route, in late 2016. “It is going to be designed so ...
- Do ships still hit icebergs? (Category: Technology)
- King of 3D hits Australia (Category: Australia, Queensland)
- Video reveals Titanic's condition (Category: Technology)
- Cartela centenary refit plans (Category: Australia, Tasmania )
Cinnamon Lakeside Colombo yesterday announced the arrival of a new Front Office Manager, Ronald David. David brings a considerable amount of management experience to the Cinnamon Lakeside Colombo team, having spent the majority of his career managing and leading teams both in Sri Lanka and the UK. Beginning his career as a Tele-marketing Executive ...
- New GM takes over at Cinnamon Lakeside Colombo (Category: Business)
- New GM to keep Cinnamon Lakeside at forefront of deluxe hospitality industry (Category: Business)
- Cinnamon Hotels & Resorts appoints Kamal Munasinghe as General Manager for Cinnamon Grand Colomb... (Category: Breaking News)
- Cinnamon Hotels & Resorts appoints Kamal Munasinghe as General Manager for Cinnamon Grand Colomb... (Category: Breaking News)
Divya Lagoon Resort opened its doors in Kalpitiya recently, making it the first star class luxury boutique hotel to be constructed on the Dutch Bay, in the new Tourism Zone of Kalpitiya Built on four acres of land, Divyaa Lagoon Resort, nestled between the Dutch Bay Lagoon and the Dutch Bay, captures the true essence of ...
- Divyaa Lagoon resort gears up for exciting Red Bull Kite Surfing race in Kalpitiya (Category: Business)
- Rs. 500 m Amagi Lagoon Resort and Spa opens in Negombo (Category: Business)
- Club Palm Bay Marawila unveils fully refurbished facilities (Category: Business)
- Club Palm Bay Marawila unveils fully refurbished facilities with Rs. 60 m investment (Category: Business)
The 10 layer ‘Pirate’s Fantasy’ first shown to Sri Lankan and English cricketers Heritance Ahungalla, one of Sri Lanka’s Aitken Spence Group’s premier hotels, has unveiled a $35 million sapphire studded cake, which the hotel hopes will be a serious contender for the ‘World’s most expensive cake’ title this year. Created by their celebrity Chef ...
- Heritance Ahungalla walks the talk on sustainability (Category: Business)
- Heritance Resorts sweep green and individual awards (Category: Business)
Travel and tourism is set for a milestone year as the industry’s direct contribution to the global economy is expected to pass $2 trillion in GDP and 100 million jobs. According to research by the World Travel and Tourism Council (WTTC), the global travel and tourism industry will grow by 2.8% in 2012, marginally faster ...
- 415 m tourists expected worldwide during May-August peak season (Category: Business)
- UNWTO and WTTC call on the G20 to use tourism’s potential for job creation (Category: Business)
- Raising the bar: The rise of the Sri Lankan economy (Category: Business)
NDB‘s contribution to infrastructure development has been substantial during the last three decades. Having garnered the experience and expertise to cater towards the development process in Sri Lanka, NDB continues to focus on this vital component providing the necessary support that will help towards economic development in the country. NDB CEO Russell de Mel says, ...
- DFCC: Changing the sustainable energy landscape in Sri Lanka (Category: Business)
- DEG provides $ 21 m loan to NDB Bank to strengthen SME sector (Category: Business)
- Nestlé Lanka crowned as ‘Best Corporate Citizen’ (Category: Business)
- Sri Lanka’s energy sector at risk: Calls for diversification amidst Chinese investments (Category: Breaking News)
By Cheranka Mendis Dubai’s low cost airline, flydubai yesterday announced the increase of frequencies to Sri Lanka, going from five to seven weekly flights since 11 March following a surge in passenger numbers. flydubai CEO Ghaith Al Ghaith noted that with the changes in flight timing by moving on from four flights a week during ...
- flydubai to operate flights to Mattala (Category: Breaking News)
- Flydubai flights to Sri Lanka (Category: Breaking News)
- Flydubai to come to SL from next month (Category: Breaking News)
- Flydubai eyes new orders as it nears breakeven (Category: Business)
Parliamentarian Namal Rajapaksa was an invitee panellist at the prestigious India Today Conclave 2012 held in New Delhi from 16-17 March 2012. The India Today Conclave, which is held annually, has seen the participation of leading Indian and international personalities such as Shah Rukh Khan, Mohamed El Baradei, Sarah Palin, Dominique De Villepin, Union Minister ...
- 4th SAARC Business Leaders Conclave in Kathmandu concludes (Category: Business)
- “Develop sufficient spaces within economies to face complexities” (Category: Business)
- More and better jobs: Policy prescription for South Asia (Category: Business)
- World economic power shifting back to Asia from the West (Category: Breaking News)
Outlines OZO Colombo plans to provide a 4-star product at a 3-star priceQ: As a veteran and experienced hotelier as well as a prominent personality in the tourism sector, what are your thoughts on the hotel industry in Sri Lanka and what needs to be done? A: These are exciting times with great opportunities for ...
- ‘OZO’ to be newest brand in Sri Lankan hospitality (Category: Business)
- Sri Lanka’s new hotel projects (Category: Breaking News)
Ajantha Perera takes the position of Director of Sales and Marketing at Cinnamon Lakeside Colombo of the John Keells Hotels Group. Cinnamon Lakeside Colombo is currently ranked the Best Five Star City Hotel by Sri Lanka Tourism. Perera joins the hotel with a wealth of experience spanning approximately fifteen years in the hospitality industry. His ...
- New GM takes over at Cinnamon Lakeside Colombo (Category: Business)
- Ronald new Front Office Manager at Cinnamon Lakeside (Category: Business)
- Cinnamon Lakeside first Green Globe re-certified Sri Lankan hotel (Category: Business)
- Overwhelming response to IBM FORUM event hosted in Colombo (Category: Breaking News)
Rs. 185 million BOT project provides eco-friendly waste water treatment infrastructure for National Holiday Resort on east coastPlans to revive tourism in the picturesque Passikudah bay on Sri Lanka’s east coast reached a milestone on 6 March, with the commissioning of a hi-tech central sewage and waste water treatment plant for the proposed National Holiday ...
- Haycarb records Rs. 8.5 b sales (Category: Business)
- Haycarb’s 1H sales Rs. 3.8 billion, PBT Rs. 334 million (Category: Business)
- Basil opens Amethyst Resort in Passikudah (Category: Business)
- Minister Basil inaugurates water purification project for Trinco (Category: Breaking News)
The 46th ITB Berlin, which gets underway today, is a more political event than ever before: the European debt crisis, turmoil in certain countries within the Middle East, climate protection and sustainability, as well as EU emissions trading. All these topics will be discussed at the ITB Convention by leading figures from the travel industry. ...
- Exhibitor bookings for ITB Asia 2012 up 33% over 2011 (Category: Business)
- Asia’s travel market booming (Category: Business)
- Buyer registration opens for ITB Asia 2012 (Category: Business)
- Prema enters the Hall of Fame at PATWA (Category: Business)
Sri Lanka Tourism Chairman Dr. Nalaka Godahewa addressed the members of The Council for Business with Britain (CBB) of the Ceylon Chamber of Commerce recently. He highlighted the vision of President Mahinda Rajapaksa for the tourism industry, the world’s largest service industry. The presentation was titled ‘Towards 2.5 million visitors by 2016 – Where are ...
- Tourism development strategy finalised (Category: Breaking News)
- Tourism to be top forex earner in 2016 (Category: Breaking News)
- SRI Lanka Tourism: A Step Forward in the Growth Story | By Inshita Wij (Category: Breaking News)
- Sri Lanka seeks $2.7 bln post-war tourism investment (Category: Breaking News)
The NDB Group’s profit after tax for the year was Rs. 2.94 billion, an impressive growth of 35% over the previous year. The profit attributable to shareholders for the year was 2.70 billion and compares with Rs. 2.1 billion for 2010, a growth of 29%. This significant increase in group profits was attributable to the ...
- NDB’s Annual Report 2011 ranked high amongst the best in the world (Category: Business)
- NDB reports significant profit growth during 1H 2012 (Category: Business)
- NDB reports strong financial results in 1Q (Category: Business)
- HSBC Lead Arranger, Bookrunner for NDB’s $ 50 m global loan syndication (Category: Business)
In the latest UNWTO report, it is stated that tourism has become one of the world’s largest foreign exchange earners with the industry catapulting to US$ 900 billion and visitor numbers crossing 980 million visitors globally.The growth has been ignited with the launch of e-commerce where a holiday can be booked and paid for from ...
- Building ‘Brand Sri Lanka’: Expo 2012 (Category: Business)
- Getting ready for Rio+20… industry-led (Category: Business)
- 2011: Power achievements for Sri Lanka, but… (Category: Business)
- Strategic policy needed for Sri Lanka Tourism (Category: Business)
The Pacific Asia Travel Association (PATA) has honored Jetwing Sea with a PATA Gold Award in the category of Environment – Corporate Environmental Program, as a part of the PATA Gold Awards 2012. This year’s Awards attracted 180 entries from 79 organisations and individuals worldwide, and the victory stands testament to the consistent commitment shown ...
- Jetwing Sea recognised for sustainability efforts by PATA (Category: Business)
- PATA Gold Awards 2012 now open for the best in Asia Pacific (Category: Business)
Cinnamon Lakeside Colombo said this week it will now on host special events at 8° On The Lake, providing discerning diners the opportunity to enjoy the hotel’s newest experience. The floating venue was officially opened on 19 December 2011 by President Mahinda Rajapaksa. During its first stage of operations, 8° On The Lake functioned ...
- Cinnamon Lakeside Colombo innovates again with first star class floating venue (Category: Business)
- Cinnamon Lakeside celebrates our heroes on Father’s Day (Category: Business)
- Love is in the air at Cinnamon Lakeside Colombo (Category: Business)
- ‘Brunch on a Boat’ for the first time in Sri Lanka at CLC (Category: Business)
Safety and food hygiene of Colombo eating houses quite poor, says CMC’s Chief Medical Officer By Cheranka Mendis Even though Colombo has over 750 eating houses (from five-star hotels to roadside ‘bath kades’), only 290 obtained trade licenses last year, CMC Chief Medical Officer Dr. Pradeep Kariyawasam said. Speaking at the Indexpo food and management ...
- Typhoid: Public Urged To Take Precautions (Category: Breaking News)
- CMC on kitchen cleaning spree (Category: Breaking News)
- Sri Lanka’s first-ever food certification firm set up with $ 1.3 m (Category: Business)
- Ind-Expo helps industries and hotels meet new food hygiene regulations (Category: Business)
For over 120 years the name Mercedes-Benz has guaranteed trucks of highest quality. In the European and Latin American markets Mercedes-Benz Trucks today is still synonymous with reliability and economy, first-rate quality in product and service as well as global competency in customer-focused transport solutions. This applies to the Actros, Axor and Atego truck lines ...
- Mercedes-Benz trucks and vans available for order (Category: Business)
- DIMO delivers the first brand new Mercedes-Benz Actros to LAUGFS Gas (Category: Business)
- Mercedes-Benz is the most valuable premium automotive brand! (Category: Business)
- Mercedes-Benz New Year Bonanza Winners Get Brand New TATA Nano Cars (Category: Business)
McQuire Rens & Jones (Pvt) Ltd. together with Hotel Cinnamon Lakeside Colombo yet again organised one of their flagship events, ‘The Breakfast Meeting’. This is the fourth in the series where such breakfast meetings are held every other month for chairmen, managing directors and CEOs. Attendance at these events is by invitation. The past breakfast ...
- Cinnamon Lakeside-McQuire breakfast meeting a success (Category: Business)
- Insights to enhancing biz performance over breakfast (Category: Business)
- Experience the first-ever Christmas breakfast table (Category: Business)
- HSBC Power Breakfast (Category: Business)
Switch-Asia ‘Greening Sri Lanka Hotels’ project makes progressBy Cheranka Mendis Sri Lanka Tourism will soon introduce a ‘Green Accreditation Scheme’ for hotels which would classify hotels under its green initiatives, Switch Asia Project Director Srilal Miththapala said. The scheme would classify hotels under their eco sustainable activities and would be awarded on a similar line ...
- Switch-Asia to host tourism sustainability seminar (Category: Business)
- Srilal speaks on Sri Lanka and sustainable tourism in London (Category: Business)
- EU-SWITCH Asia teams up with ICEI to promote edible landscaping in hotels (Category: Business)
- Sri Lanka launches tourism think tank (Category: Business)
Vallibel Finance PLC opened its first service centre for the New Year with a state-of-the-art operation in Negombo. The latest addition to the network expanding rapidly across the island was opened by Managing Director Jayantha Rangamuwa amidst a large gathering recently. The fully-functional Service Centre is in the middle of Negombo town, placed strategically to ...
- Vallibel Finance unveils newest addition in Gampaha (Category: Business)
- Vallibel Finance profit soars to Rs 105m (Category: Breaking News)
- Finance Shares (Category: Business)
- Finance Demand (Category: Business)
TradeArabia News Service: Bahrain’s four-star hotels have lost nearly BD30 million ($79.5 million) in the last year, as room bookings have plummeted by 50 per cent due to the unrest. A total of 27 hotels has lost around BD1 million each since violence erupted on the country’s roads on February 14, said Bahrain Four Star ...
- Holiday Inn Express debuts in Bahrain (Category: Business)
- Bahrain launches $265 million food security fund (Category: Business)
- Bahrain activists vow “days of rage” for Grand Prix (Category: Business)
- $850m business deals signed at Bahrain Airshow (Category: Business)
Laugfs Leisure Ltd., a fully own subsidiary of the Laugfs Gas Plc in its strive to become one of the dominant players in the hospitality industry has acquired Mag Consultants and Agents Pvt Ltd., (MCAPL) and its assets, comprising 1 5 acres of prime sea front beach property at Waskaduwa Kalutara with an investment of ...
- LAUGFS Supermarkets launch loyalty card (Category: Business)
- LAUGFS partners Chartis for unique insurance deal (Category: Business)
- Veteran hotelier Srilal appointed to LAUGFS Leisure Board (Category: Business)
- LAUGFS opens foreign money exchange facility at Kohuwala (Category: Business)
Yala is the undisputed home of the Sri Lankan leopard, the star attraction of the Yala National Park. With Sri Lanka claiming the highest density of leopard in Yala within 140 kilometres, the newest phenomenon in these illusive cats is the rapidly growing population, which has naturally seen them venture out of the park and ...
- Sri Lankans urged to diversify leopard trail (Category: Business)
- Chitral’s take on Chaaya Wild and the wild (Category: Business)
- Leisure laughs! (Category: Business)
- JKH revamps leisure footprint with Chaaya Tranz, Chaaya Wild (Category: Business)
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