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By Shanuka Tissera The private sector of Sri Lanka and Singapore yesterday in Colombo spearheaded a fresh deal to boost bilateral business on the sidelines of a visit by the city-state’s Foreign Minister. The Singapore Business Federation (SBF), which has brought down a delegation, and the Sri Lanka Singapore Business Council (SLSBC) affiliated to the ...
Cantaloupe Aqua, a private hotel and beach club yesterday announced that it has received a TripAdvisor Certificate of Excellence award. The accolade, which honours hospitality excellence, is given only to establishments that consistently achieve outstanding traveller reviews on TripAdvisor, and is extended to qualifying businesses worldwide. Approximately 10 per cent of accommodations listed on Tr...
Q: Are new markets needed for growth in tourism? The Government’s key objectives with regard to tourism include: Achieve 2.0 million tourist arrivals by the year 2016 Target the upscale Free Independent Travellers (FITs), who are comparatively high spenders Make making tourism Sri Lanka’s third largest foreign exchange earner. Government Statistics show that the number ...
Starting their celebrations for completing 41 years’ illustrious service to the Sri Lankan financial sector, trusted trailblazer LB Finance carried out a blood donation campaign at their headquarters. Taking place on 28 May, the campaign was held from 9a.m. to 4 p.m. at the OPA building on Stanley Wijewardena Mawatha, Colombo 07 with the participation ...
Sri Lanka and Singapore have much in common. Everyone is familiar with the famous story of how Singapore’s iconic leader Lee Kwan Yew aimed to make Singapore like Sri Lanka and since the end of the war, Sri Lanka has been making significant strides to catch up. With the visit from Singapore Foreign Minister K. ...
Despite objections from several quarters, the Ministry of Economic Development is to go ahead with the revamping of several strategic bodies under its purview, including the Board of Investment (BoI) of Sri Lanka, and Sri Lanka Tourism, which had come under heavy criticism for inefficiency and inaction.andnbsp;
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 ...
Clears allegations against Dr. Jayasundera, Secretary to both Economic Development Ministry and Finance Ministry; says Secretary has no personal animosity but heads need to work together with the Minister and through Secretary Reveals Nalaka Godahewa was asked to resign as part of reconstituting the three tourism entities and not due to his inability to work ...
The Hemas Group said yesterday it has recorded Rs. 1.3 billion profit after tax whilst Group revenue reached Rs. 21.4 billion, recording 18.5% growth. Revenue growth was driven by Healthcare, FMCG and Power sectors. While earnings for the first half were down by 17.2%, performance bounced back strongly during the third and fourth quarters to ...
Key insights to state of the economy and market and future prospects from NDB Stockbrokers’ latest Sri Lanka Equities report Uncertainty in the macro environment The robust economic growth and steep rise in global crude oil prices increased Sri Lanka’s import bill by 51% in 2011. As a result the trade deficit widened, putting the ...
Wide publicity has been given to the events unfolding at the Sri Lanka Tourism regarding the resignation of the Chairman from Sri Lanka Tourism Promotion Bureau, Sri Lanka Institute of Tourism and Hotel Management and Sri Lanka Convention Bureau and the performance of the Board of Investment. The media reports have given the impression that ...
International arrivals into Asia/Pacific1 destinations grew by a collective 7% year-on-year during the first two months of 2012, according to preliminary data released by the Pacific Asia Travel Association (PATA) last week. At this point Southeast Asia is the fastest growing destination, followed by South Asia, however, both sub-regions generated somewhat slower growth than last ...
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 ...
After the LTTE was defeated, a campaign designed to promote Sri Lanka as a leisure and investment destination labelled ‘The Small Miracle’ was shot down, ostensibly on the ground that the miracle was in no way ‘small’. The marketing value in Sri Lanka’s compact size, our rich biodiversity, the diversity of leisure locations and physical ...
Sri Lanka Tourism Promotion Bureau MD post is a permanent position and comes under scheme of recruitment approved by Treasury Rumy Jauffer hired on one-year contract sans an application or a CV Not marking attendance, unlimited use of fuel among flags-off in Auditor General’s Department query A host of queries by the Auditor General’s Department ...
Last week’s resignation of Dr. Nalaka Godahewa from three tourism entities whilst remaining Tourism Development Authority Chairman as exclusively reported by the Daily FT is being linked by industry circles as a direct fallout with Treasury Secretary Dr. P.B. Jayasundera. The strained relationship between the Tourism Chief and subject Ministry Secretary (Treasury Chief Dr. Jayasundera ...
With heads of three tourism entities falling vacant, speculation is rife about likely successors, who however have to be appointed by Economic Development Minister Basil Rajapaksa. For the resource-rich Sri Lanka Tourism Promotion Bureau, Bashara Guneratne is tipped. He currently serves on the Boards of all entities as he is the Director General of the ...
Sri Lanka and Kazakhstan have signed a Memorandum of Understanding (MoU) to expand the bilateral relations between the two countries and hold regular consultations between the respective foreign ministries. The MoU was signed during the visit of External Affairs Minister, Prof. G. L. Peiris to Kazakhstan on 24 and 25 May at the invitation of ...
THE arrest of 17 Chinese nationals is a wakeup call to law enforcement authorities in Sri Lanka about the country’s vulnerability to international crime syndicates. Chinese police arrested 482 Chinese nationals from several countries including Sri Lanka who were allegedly involved in a trans-national telephone fraud. Accordingly, on Wednesday, mainland police (Chinese Police), assisted...
To remain as Chairman of Tourism Development Authority Top professional Dr. Nalaka Godahewa yesterday resigned as Chairman of Sri Lanka Tourism and two other entities whilst continuing to serve as Head of Tourism Development Authority. “I have decided to resign from the Chairmanship of the Sri Lanka Tourism Promotion Bureau, Sri Lanka Tourism Convention Bureau ...
Randholee Luxury Resort Kandy, Sri Lanka today announced that it has received a TripAdvisor Certificate of Excellence award. The accolade, which honours hospitality excellence, is given only to establishments that consistently achieve outstanding traveller reviews on TripAdvisor, and is extended to qualifying businesses worldwide. Approximately 10 percent of accommodations listed on TripAdvisor re...
A new fund that invests exclusively in Treasury Bills and Treasury Bonds has been launched by Ceylon Asset Management Co. Ltd (CAM), following the success of the Ceylon Income Fund, which emerged as the best performing fixed income fund over 2010/11 as well as 2011/12 financial years. The high interest rates available on Government Securities ...
Opened a mail from a reader, Shenella Senaratne, who runs a salon. She likes the idea of the Mac Index from last week’s column but suggests that Sri Lanka has its own domestic index and calls it the Paan (bread) Index. Conspiracies have many cousins. This one is about the fate of Welikada Prison’s most ...
By Cheranka Mendis The Galle Face Hotel Group has put forward an investment of Rs. 2.5 billion for upgrades in properties and restaurants, which are anticipated to be rebranded under themes of ‘prestige,’ ‘heritage’ or ‘rest houses’. Galle Face Hotel Senior Vice President Chandra Mohotti stated that the company had invested Rs. 1 billion in ...
By Cassandra Mascarenhas The second half of the ‘The Axiom Revolution,’ the annual learning conference organised by the Association of Human Resource Professionals of Sri Lanka as a prelude to the HRM Awards 2012, commenced following a recess for lunch, with a presentation by GAC Corporate Academy General Manager Damien O’Donoghue who spoke on borderless ...
The Employees’ Provident Fund (EPF) yesterday categorically rejected the statement allegedly made by an Opposition Member of Parliament as reported in several news papers on 15 May 2012, where the EPF has been accused of fraudulent transactions in the stock market. "Such statement, read in conjunction with several past statements of a similar nature made ...
The Sri Lanka Tourism Development Authority, among other tourism promotional activities conducts a a tourism mobile service in Trincomalee by its Standards & Quality Assurance Division. This mobile service has been carried out in tourism developed areas in the country for last few years by the Authority. This will be the third mobile service for ...
Economic Develop-ment Minister Basil Rajapaksa yesterday commissioned the float aerodrome and air corridor at Dandugam Oya, Ja-Ela further boosting tourism and providing a solution to frequent flood threats to the area. The Minister said that this would open a new chapter in the country’s tourism with the Sri Lankan Airlines air taxi service operating from ...
Sri Lanka’s tea industry generates around 1.5 billion dollars to Sri Lanka and provides almost a million jobs to the economy today. In fact Sri Lanka is considered a model to the world across the value chain, from growing to production and from physical distribution to the most admired auction system in the world. From ...
Could water related industries bring new waves of prosperity to Sri Lanka? International experts seem to think so. Visiting international marina consultant and developer, Simon J. Arrol, Managing Director of Arrol Ltd in Jersey has outlined exciting potential for Sri Lanka to Industry and Commerce Minister Rishad Bathiudeen. Arrol, believes marinas are the boat parks ...