@2022 - All Right Reserved. Designed and Developed by Rev-Creations, Inc
155 results found in 1829 ms
Page 2 of 6
NDB Investment Bank Limited (NDBIB) was adjudged the ‘Best Investment Bank in Sri Lanka’ recently at the Awards for Excellence 2012 by Euromoney, the world’s premier financial markets magazine. This is a historical achievement for NDBIB as well as the country since it is the first time Euromoney has ever recognised an investment bank in ...
Wimbledon is special to me not because I played the tennis circuit during my schooling days but for the insights that I get into life and business in general. The 2012 edition in particular was unique, given that a Brit was in the finals of the men’s singles game, that was happening after 74 years. ...
West Indies opener Chris Gayle and Sri Lankan all-rounder Angelo Mathews have been named as the two international icon players for the inaugural Sri Lanka Premier League (SLPL) that begins on 10 August. The duo will join five other Sri Lanka players as icons of their respective teams, lend the fledgling league some star power ...
Beruwala Resorts Ltd., will debut today on the Diri Savi Board of the Colombo Stock Exchange. This is following the CSE approving the listing of 600 million ordinary voting shares via an introduction. The reference price for listing is Rs. 4 based on the last reported audited earnings for equity holders, fixed at a price ...
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 ...
France pulled the plug on the Minitel over the weekend, a home-grown precursor of the Internet which brought on-line banking, travel reservations and even sex chats to millions a decade before the World Wide Web. In a country where resistance to all things “Anglo-Saxon” runs deep, the Minitel evokes both pride at French technological prowess ...
Sri Lanka’s new development tagline Sri Lanka’s current development tagline has been to make it the ‘Emerging Wonder of Asia’ as originally enunciated in the ‘Mahinda Chinthana: Vision for the Future’ and reaffirmed in both the Development Policy Framework of the Government issued in 2010 and the Annual Report of the Ministry of Finance and ...
By Avanti Samarasekara With over three decades in the hotels industry, diversified conglomerate, Aitken Spence recently reopened the previously named Ramada Resort, now refurbished as The Sands by Aitken Spence Hotels. Highlighting the hotel’s beach front location, five acre landscaped garden and inviting surf bring together Sri Lanka’s renown hospitality amid the luxury of a ...
By Cheranka Mendis Held for the 22nd consecutive year, Sri Lanka’s international gem and jewellery exhibition ‘Facets 2012’ is geared to make bigger waves in the market with 154 stalls being sold out already. Scheduled to be held from 5 to 8 September at the Sirimavo Bandaranaike Memorial Exhibition Centre at BMICH, the exhibition has ...
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 ...
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 ...
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 ...
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 ...
The Galadari Hotel saw the end of phase one of its highly successful CSR project ‘Hospitality Training and Empowerment’ on 19 May. The project which was brought to life by the Hotel’s General Manager Sampath Siriwardena was highly commended by the poverty stricken town of Bibile Wellassa. The area of Wellassa is famed in legend ...
LAUGFS Gas PLC said yesterday the Company and its subsidiaries have once again performed strongly. This was despite a gloomy environment created for its energy sector operations with escalating global LP gas prices coupled with depreciation of the Sri Lanka Rupee against the US Dollar, as Central Bank adopted policy of non-intervention in the foreign ...
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 ...
Egypt’s presidential hopefuls have had to zip their lips before voting starts, but there is no stopping the songs that pump up their virtues in styles ranging from hip-hop to folk. For the first time Egyptians get to pick their leader in voting on Wednesday and Thursday in a fiercely contested race enlivened by ...
The Economist: Sarath Fonseka, Sri Lanka’s former Army Chief, emerged through the brown gates of the Welikada prison on 21 May, blowing kisses to his ecstatic supporters and declaring a vow to fight unto death for democracy. The bright-green balloons his supporters had brought earlier that morning were already flat after hours in the sun. ...
The Urban Development Authority (UDA) of Colombo, supported by foreign investment, is in advanced stages of developing the shoreline around Beira Lake. Situated in the heart of the Sri Lankan capital, the man-made lake is already surrounded by major productive use buildings such as offices, hotels, shopping malls, apartments, banks and commercial and leisure establishments. ...
Former Army Commander Sarath Fonseka walked free from jail yesterday with a pardon from President Mahinda Rajapaksa, who appears to have bowed to growing international demands that he release his highest-profile rival while erasing the image of him as a victim. Ex-General Sarath Fonseka kissed his hands and raised them to a group of 2,000 ...
The World Duty Free, managed by the pioneer operator, Autogrill Lanka Ltd., was opened yesterday at the Bandaranaike International Airport, offering a new experience and exciting luxury products for travellers. Chief Guest at the opening, Airport and Aviation Services Chairman Prasanna Wickramasuriya said: “This is certainly a proud moment in the Bandaranaike International Airport̵...
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 ...
News reports point to an important decision that the minister concerned has been requested to make on the above subject. If this is correct it is important that we recognise that it is more than a million dollar decision that has been called for. It is so important a decision because it could determine the ...
Business tycoon Harry Jayawardena-controlled Distilleries Company Plc is the biggest private sector shareholder in People’s Leasing Company Plc., after the latter went public via the biggest ever IPO in post-war Sri Lanka. With 24.5 million shares Distilleries account for 1.57% stake in People’s Leasing Plc. At the issue price of Rs. 18 per share, Distilleries ...
FDIs to the rescue Senior Minister Dr. Sarath Amunugama, on the occasion of the release of the 2012’s Economic and Social Survey for Asia and the Pacific by UNESCAP in Colombo last week, is reported to have remarked that unless Sri Lanka manages to promote private sector and attract foreign direct investments or FDIs, the ...
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 ...
Warns that countries need tough policy changes to stimulate waning growth By Cheranka Mendis Asia Pacific faces another year of tough policy changes to stimulate growth, with Sri Lanka in particular having to manage monetary policy, control inflation, provide jobs for youth and reduce high inequality, it was revealed in a report released yesterday. The ...
Serendib Flour Mills (Private) Limited (SFML), manufacturers of the high quality ‘7 Star’ brand wheat flour, recently raised Rs. 1.70 billion and US$ 14.50 million (a total amount equivalent to approximately US$ 27 million) to finance its permanent working capital requirements of the company, through a long term syndicated loan facility. NDB Investment Bank Limited ...
Reuters: Sri Lanka’s Securities and Exchange Commission (SEC) wants listed companies to have a free float of at least 10 per cent to increase market liquidity and could make a decision on the matter this month, the Head of the regulator said on Tuesday. Foreign investors have long been reluctant to invest in the country’s ...
By Gowribalan “Ana” Vamadeva An American education provides students a well rounded academic preparation with primary focus in their discipline of choice and secondary exposure in many other fields. The General Education Curriculum requirement that every student pursuing a baccalaureate degree is exposed to helps achieve a wealth of knowledge in subjects that they have ...