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Doha: President Mahinda Rajapaksa vowed to turn his country, recovering from three-decade long terrorism, into an economic and commercial hub of the region. Addressing the 12th Doha Forum and Enriching the Middle East’s Economic Future Conference at the Doha Sheraton Hotel on Sunday (20) morning as an international Guest of Honour, President Rajapaksa said Sri ...
SL well placed to develop all classes of Marinas known to the shipping and boating world -Int’l Marina Specialist Simon Arrol SL also a natural hub for world cruising yachts Colombo’s Marina potential packs strong worldwide free publicity potential essential for a fast growing tourist destination Sri Lanka is a natural hub for ...
Record profit fuelled by Rs. 2.3 b in capital gains; core businesses post recovery with 23% pre-tax profit growthHayleys Plc share price on Friday produced one of its highest day gains of Rs. 16 as investors toasted record earnings in FY2012 largely fuelled by Rs. 2.3 billion in capital gains but its core businesses too ...
Achieves best-ever results in 134-year history Pre-tax profit at Rs. Rs 4.8 billion, post-tax figure Rs. 3.8 b Profit attributable to equity holders of the company up 269% to Rs. 2.5b Turnover up 15% to Rs 62.5 b A challenging operating environment notwithstanding, Hayleys Group has posted its best annual earnings in the history of ...
External Affairs Minister G.L. Peiris, who is in the US, on Thursday met with Deputy United States Trade Representative Ambassador Demetrios Marantis and took part in an extensive discussion on trade and the economy. He also pressed Ambassador Marantis for early closure of a review of the Generalised System of Preferences (GSP) for trade that ...
Boating industry thanks Industry Minister for strong support Sri Lanka enters prestigious International Boating Industry Magazine rankings Sri Lanka’s commercial boat sub-sector reporting stronger international orders from Asia, Africa and ME Introducing a much-sought-after measure of relief to Sri Lanka’s boating industry, the country will now introduce tax on boat imports that are la...
Switch Asia Program – Greening Sri Lanka Project Project Director Srilal Miththapala, a senior tourism professional and also a serious wild life enthusiastic will speak at the monthly meeting of The Women’s Chamber of Industry and Commerce (WCIC) on 22 May on the subject ‘Elephant as an icon for Sri Lanka tourism’. Miththapala has been ...
Saudi Arabia, the Arab world’s largest economy, wants a joint council to boost trade ties with Sri Lanka, the Ministry of Industry and Commerce announced this week. The Ministry quoted Dr. Mohammed H. Al-Kathiri, the Deputy Minister for Foreign Trade of Kingdom of Saudi Arabia as saying, “It would be necessary to complete appropriate procedures ...
Thailand’s new Ambassador to Sri Lanka Poldej Worachat yesterday paid a courtesy call on Economic Development Minister Basil Rajapaksa to discuss issues of bilateral interest. At the outset of the meeting Rajapaksa thanked the Thailand for the assistance given by its government recently at various international forums, specially at the recently concluded UNCHR meeting. Longstanding ...
The Foreign Minister of Singapore will be visiting Sri Lanka from 26 May to 2 June 2012 accompanied by a high-powered delegation from the Singapore Business Federation (SBF). One of the key expectations of the delegation is to establish mutually-beneficial relationships with key Government officials as well as the Sri Lankan business community during ...
Sri Lanka this week thanked the US for the supporting initiatives on trade and development extended in the country’s new economic upswing. The outgoing Head of the Economic Section of the US Embassy in Colombo Ed Heartney during his courtesy call on Minister of Industry and Commerce Rishad Bathiudeen on Wednesday “We thank the US ...
Opens three branches in Nelliady, Chunnakam and Chavakachcheri Steeped in a rich history of 32 years, LOLC’s strategic vision and agility have enabled its companies to leverage growth opportunities evolving in the national landscape. With primary business interests in the financial services sector, the LOLC Group – one of the leading blue chip companies of ...
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 ...
The tuk tuk. Long a symbol of Asian countries, in Sri Lanka the trishaw, or tuk tuk as it is known, is an all purpose vehicle. Reliable, easy to operate and generally an inexpensive method of travel, many visitors to the sunny shores of our island never pass on an opportunity to experience a ride ...
Tourism is Sri Lanka’s phoenix. After rising from the ashes of war, it has spread its fiery wings and taken off to bring hope to many and bolster the overall economy. Yet, despite positive statistics, there is fear that the light could dim if policies do not become more aggressive and comprehensive. On Wednesday, the ...
Columnists come and go. Hope this one stays! I’ll agree to do that; if you’d let me kick up controversy, poke fun at you and distort the life out of news and gossip that come my way. The Daily FT Ed is a nice guy; he’s already let me do that. As long as I ...
Steps to promote through embassies have started Sri Lanka Tourism to be rebranded as Sri Lanka Tourism Authority soon By Cheranka Mendis Conclusive decisions have not been taken to fully implement the Government’s plan on formulating a combined publicity program to build a unified brand for Sri Lanka Tourism as announced in August last year, ...
By Cheranka Mendis Sri Lanka’s tourist arrivals rose 9% to 69,591 in April from a year earlier, continuing the growth momentum established in 2010. Data released by the Sri Lanka Tourism Development Authority yesterday showed arrivals topping 330,116 during the first four months of the year, an 18.3% increase from the period a year ago. ...
WASHINGTON: External Affairs Minister Prof. G.L. Peiris opened a four-day, official visit to Washington, DC Tuesday with a series of meetings with key US Senate leaders and a talk on Sri Lanka’s post-conflict redevelopment and reconciliation programs, emphasising that lasting peace, stability and growth in Sri Lanka will be achieved through home-grown solutions, not those ...
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 ...
Tourism has emerged as an extremely important sector in the economy from a number of perspectives in post-conflict Sri Lanka. It is important as a potential source of growth, employment and foreign exchange. The sector has seen impressive recovery since the end of the conflict. Arrivals have increased from 447,890 in 2009 to 855,975 in ...
By Cheranka Mendis Sri Lanka Tourism will host the Sri Lanka Tourism Awards for the fifth consecutive year this July, recognising the efforts and contribution of industry stakeholders. The competition this year will include a number of new categories, widening the number of accolades by 21. The awards will honour 68 performers under 11 award ...
Under Secretary of the Ministry of Foreign Affairs of Philippines Erlinda F. Basilio met Minister of Economic Development Basil Rajapaksa today at the Economic Development Ministry. At the outset Minister Rajapaksa said at the moment Sri Lanka will always remember the help extended by the Philippines in various international forums recently. Longstanding friendship between the ...
SRI LANKA has ambitious goals for development and needs investment to push up growth to the expected levels of eight per cent or more. Even though the country has fared well in 2010 and 2011 by posting eight per cent and 8.3 per cent growth consecutively for the first time in history, there is increasing ...
Expolanka Holdings PLC yesterday acquired the controlling stake in Akquasun Holidays India (Pvt) Ltd. at a cost of US$ 915,000, thus further consolidating both its presence and strength in the leisure and travel sectors. Akquasun Holidays, the Mumbai-based destination management specialist is a B2B Destination Management network company. Primarily mandated to attracting traffic from emerging ...
Admits growth may be slower but insists that all assistance will be given for investment Despite a growth downgrade in 2012, Central Bank Governor Ajith Nivard Cabraal insists that the Government is focused on encouraging private sector investment and will provide maximum assistance. Cabraal made these points as the Guest Speaker at the American Chamber ...
Expolanka Holdings PLC yesterday acquired the controlling stake in Akquasun Holidays India (Pvt) Ltd. at a cost of US$ 915,000, thus further consolidating both its presence and strength in the leisure and travel sectors. Akquasun Holidays, the Mumbai-based destination management specialist is a B2B Destination Management network company. Primarily mandated to attracting traffic from emerging ...
By Cassandra Mascarenhas The pace of activity in the construction industry has slowed down due to constraints caused by the high cost of finance fuelled by the rise in interest rates, the devaluation of the rupee that have resulted in imports being more expensive and the lack of FDIs coming into the industry, stated Chamber ...
As the fifth largest export revenue earner in Sri Lanka, the BPO industry has recorded phenomenal growth over the last couple of years. Looking to differentiate itself in this rapidly expanding sector, Hayleys Business Solutions International (HBSI) recently became the first and only BPO in the country to obtain CarbonNeutral certification, reinforcing its commitment to ...
Still recovering from decades of civil war, Sri Lanka has attracted some private equity interest but firms have found it hard to rally LP support for the country PE Asia: Sri Lanka’s golden sandy beaches lie not 50 kilometres from India’s closest point, but the distance between the two countries’ private equity markets is ...