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Another Royal visit took place in Sri Lanka recently with the arrival of Prince and Princess Michael of Kent. They were here on a private visit which paved the way for them visit a few tourist attractions in Sri Lanka. Prince Michael was accompanied by Princess Michael during the tour in Sri Lanka. Among the ...
Ends 2011 with record 855,975 arrivalsBy Cheranka Mendis The high-flying tourism industry closed the year with a record 855,975 arrivals, marking a rise of 100,000 from the original target for the year. Statistics revealed by the Sri Lanka Tourism Development Authority (SLTDA) yesterday noted that the figure reflects a 30.8% increase from the previous year. ...
It will take more than Facebook to heat up the tepid market for initial public offerings. As conditions remain fragile, the backlog of public offerings has continued to grow. More than 200 US companies are now waiting to go public, the highest number in roughly a decade, according to Renaissance Capital, an advisory firm. Demand ...
By Sarath de Alwis Tracing my roots to traditional marketing times in aviation and tourism, I am awed by the enormous potential of modern technologies that bring new frontiers to our doorstep; drop new vistas virtually on our laptops. Then I am appalled to see what unfolds. Global opportunities are whisked away from our grasp ...
The Top 100 Nation Brands have been ranked by Brand Finance plc with the USA, Germany and China topping the report Eurozone crisis affects the Nation Brand vales of Greece, Ireland and Japan who are ranked as the Top 3 biggest Losers Further chaos in Europe has seen the brand values of Spain, Austria, Italy ...
A survey conducted last week on the health of the Sri Lankan economy revealed that almost 64% said that the Government had done its task but only 43% had said that there had been growth in the economy. Whilst some can say that this data is strange, a similar set of information was shared at ...
Citrus Hikkaduwa, the maiden venture of the Dilith Jayaweera, Varuni Amunugama Fernando and Sarwa Ameresekere trio, opened for guests last week, heralding a new experience in the popular southern coast. Originally the 50-room Amaya Reef, following the takeover and rebranding Citrus Hikkaduwa is now a 97-room modern and up-market resort. The first guests were a ...
Attacked woman reportedly denies rape; blames on being in wrong place at wrong time; Family to be flown in at Sri Lanka Tourism expense for care By Cheranka Mendis The Government yesterday reiterated those responsible for the killing of British tourist and causing injury to his Russian partner will be severely dealt with as per ...
NEW DELHI: Pakistan has emerged as a leading market for Indian tea, particularly the CTC variety of black tea, with India exporting around 20 million tonnes of the beverage to the neighbouring country in 2011. The inroads made by Indian tea into Pakistan this year have been helped by a decline in tea production in ...
Reuters: Iran threatened on Tuesday to stop the flow of oil through the Strait of Hormuz if foreign sanctions were imposed on its crude exports over its nuclear ambitions, a move that could trigger military conflict with economies dependent on Gulf oil. Western tensions with Iran have increased since a November 8 report by the ...
Special communiqué listing actions taken issued to travel and hotel trade as a confidence building measure Working closely with the defence authorities to ensure greater protection for tourists in possible vulnerable areas Both tourism and law enforcement authorities have thus far successfully handled the unfortunate gruesome attack on a tourist couple in Tangalle over the ...
The recommendations of Lessons Learnt and Reconciliation Commission (LLRC) will make a great contribution to the acceleration of national reconciliation process as well as to the strengthening of peace on the island, Russia said. “We highly appreciate efforts of the Sri Lankan Government
By Cheranka Mendis The local tea industry must be prepared to make maximum benefit of Sri Lanka’s biggest market for tea, Russia, entering the World Trade Organisation, Plantation Minister Mahinda Samarasinghe said. Speaking at the award presentation of ‘Ceylon Speciality Estate Tea
Reuters: The World Trade Organization (WTO) clinched a landmark reform of its government procurement agreement, opening $100 billion of government contracts to foreign competition and paving the way for more countries, including China, to join the pact. “It’s an extremely positive development for the parties to this agreement, for the organisation and for the world ...
Flexiprint – Sri Lanka’s premier printing company – exclusively catering to the printing needs in the tea bag industry for tea bag tags and envelopes and tag pyramid mesh, won a prestigious award in the printing sector at the recently concluded National Business Excellence Awards held at Hilton Colombo. The NBEA is organised annually by ...
We are still stuck in the winter of our discontent! By Jude Fernando Groundviews.org: “Nearly all children nowadays were horrible. What was worst of all was that by means of such organisations as the Spies they were systematically turned into ungovernable little savages, and yet this produced in them no tendency whatever to rebel against ...
India’s Oil and Natural Gas Company (ONGC) has expressed interest in exploring for oil in the Mannar Basin off the Sri Lanka’s northwest coast. Petroleum Minister Susil Premajayantha has said ONGC officials are expected to visit the country shortly for discussions and assess the already available data. The Minister told ColomboPage the Indian officials were ...
PM’s and United Russia’s ratings falling Putin draws parallels with turmoil in Europe Says parliament majority needed to deal with crisis NOVO-OGARYOVO, Russia (Reuters): Vladimir Putin said on Thursday that if his party lost dominance of parliament in the Dec. 4 election, as a poll
Sri Lanka Minister of Petroleum Industries Susil Premajayantha says the Government is yet unaware of the extent and volume of the natural gas deposit found in the Mannar Basin. The Government announced a few months back that India’s Cairn Company had found two natural gas deposits in the Mannar Basin while exploring for oil. Minister ...
SAO PAULO (Reuters): Brazil is losing its competitive advantage as a sugar producer because of rising costs, creating opportunities for beet growers like Russia and reducing world sugar trade, a senior analyst said Sunday. Jonathan Kingsman, managing director of consultancy Kingsman SA, told
Fitch Ratings says in a newly published special report that credit growth in emerging markets (EMs) is likely to slow in 2012 due to the weaker global economic outlook, policy moves by EM authorities to prevent overheating and base effects. Banking systems in most EMs which experienced rapid credit growth in 2010-H111 remain sound. However, ...
BANGKOK (Reuters): Thailand’s worst floods in 50 years have hit tourism at the start of the high season, but the country has recovered quickly in the recent past from all sorts of scourges and some tour operators are hopeful a recovery might start next month. Floodwater in some areas of the capital, Bangkok, and other ...
Reuters: Japan on Friday pledged assistance to Southeast Asia’s infrastructure projects worth $25 billion and called for a multilateral forum to discuss maritime cooperation across Asia, in an implicit challenge to China’s clout in the region. Japan, worried about its declining regional and global role, wants to deepen ties with the Association of South East ...
(Reuters) – U.S. Defense Secretary Leon Panetta said he would raise American concerns about the unintended consequences of any military action against Iran during talks with his Israeli counterpart on Friday, including its potential impact on the world economy. Tension over Iran’s nuclear program has increased since the International Atomic Energy Agency (IAEA) reported last ...
UNP MP and party’s chief spokesman for the economy Dr. Harsha de Silva this week reminded the Government of the fall of Sirimavo Bandaranaike’s regime after her unprecedented nationalisation failed to achieve desired benefits. “The original nationalisation effected in the early 1970s by the then Premier Sirimavo Bandaranaike didn’t bring about the expected economic benefits...
Reuters: Asia Pacific countries pressed Europe on Thursday to act more forcefully to quell its debt crisis, setting the tone for a summit overshadowed by growing alarm over the fallout from euro zone upheaval. U.S. Treasury Secretary Timothy Geithner and other APEC finance ministers agreed to shore up their own economies against Europe’s troubles, warning ...
The Group of 20 heads of state met in France in early November launching an annual group meeting of the heads of State. The G20 is made up of Argentina, Australia, Brazil, Canada, China, the EU, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea