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Development of tourism in Sri Lanka will require stakeholders to strike a proper balance between developing 3-star and 4-star properties on the one hand, and luxury and boutique hotels on the other, in addition to implementing a more liberalized pricing structure, according to a report from Sri Lanka-based strategy consulting firm Vox & Co.
By Shelton Dharmaratne Changing global trends will continually pose challenges to economic theory and policy and the ways in which we analyse tourism activity. Sri Lanka Tourism’s public policies are trapped in a dynamic, ongoing process and it has become increasingly evident that the Government is struggling to comprehend the tourism industry, its impact and ...
PR.com: Escape Holidays, an innovative and interesting online destination management company and travel agency based in sri Lanka, has recently launched their new consumer website: SriLankaandMaldives.com – a site that offers simply the very best selection of hotels, resorts, and tour packages. SriLankaandMaldives.com is the first travel website that specialises in and specifically caters fo...
Leader in processed meat Keells Food Products Plc is doubling its capacity with the purchase of production facility of D&W Foods Ltd., at Pannala for Rs. 700 million. The Company also announced a Rights Issue to raise Rs. 1.02 billion. Both moves are subject to shareholder approval at an EGM. D&W Foods is located at ...
In a major breakthrough for Sri Lanka Cricket, all seven Sri Lanka Premier League (SLPL) Franchises have been snapped up with bids worth over $ 30 million received, above the targeted minimum of $ 21 million. When the deadline for bids closed yesterday, the seven franchises had racked in an average bid of $ 4.31 ...
Around two weeks back when I was invited to address the business chambers of Pakistan in Karachi, I realised that the bond between the people of Pakistan and Sri Lanka was not due to business or commerce but the game of cricket. Whenever I mentioned cricket in my addresses, there was a round of applause ...
Halal World, the magazine which was launched a year ago has, in partnership with UTO EduConsult and KPMG, will hold the first ever Islamic Banking Industry Awards in July. It has made this initiative to recognise mainly the many players in the IBF industry for their contribution towards its growth. Halal World focuses on the ...
Over 25,000 passengers carried in eight months with Kandy, Badulla, Trinco and Vavuniya as destinations Ever since its launch in October 2011, Expo Rail has been on an upward drive redefining rail travel in Sri Lanka. With four destinations in its portfolio – Badulla, Kandy, Trincomalee and Vavuniya – Expo Rail has, in the past ...
Sri Lanka has a very good potential to be a top tourist destination in the region and is unique in its natural beauty, against any competitor in the region, a top diplomatic group from United Kingdom (UK) stated.
Washington DC: ‘Sri Lanka and the Kandy Esala Perahera,’ a photographic masterpiece by renowned photographer Michael Sarnacki was ceremonially launched in Washington DC this week. The Embassy of Sri Lanka in Washington DC sponsored the event as part of its robust program to promote Sri Lanka as a tourist destination in the United States. The ...
The Sri Lanka Banks’ Association (SLBA), which represents the licensed banks operating in Sri Lanka, in a statement, said yesterday that it was concerned over the statement made by Standard and Poor’s. SLBA said S&P’s statement was issued on 20 June, where attention was drawn to concerns over credit risk in the banking industry. Concerns ...
Zhara HS, A well known name in the local hotel software industry today will be establishing footprint in the upper west coast of Sri Lanka in the near future with its recent alliance with Baywatch Eco Resort Village Kalpitiya; a unique property built on the concept of ethical eco tourism on the magnificent upper western ...
By Cheranka Mendis NDB Group yesterday introduced full service investment banking operations with the re-launch of Capital Development and Investment Company (CDIC) under a new corporate identity as NDB Capital Holdings Plc. NDB Capital Holdings CEO and Director Vajira Kulatilaka (second from left) addresses the media yesterday. Others from left are NDB Capital Holdings Chief ...
WOKE up as usual to a nursery rhyme. The Bread Man, who blares the same old tune over a megaphone every day, runs two jobs; one of waking up Sri Lanka, a job coercively collared from the rooster and the other selling bread and buns. The ice cream man comes later on in the day, ...
With a focus in the ‘provision of effective business solutions’, Peercore IT is an Australian-based company that specialises in the “design and implementation of strategic business information systems. The company’s fully-fledged branch office in Sri Lanka leads the way in developing systems and solutions for a variety of industries including solutions for Customer Re...
Tokyo Power Lanka, a subsidiary of Tokyo Cement (Lanka) PLC, the leading manufacturer and supplier of international standard cement in Sri Lanka, once again demonstrates its commitment to sustainable development and responsible corporate citizenship by supporting the conservation efforts of local flora and fauna by sponsoring a book on the rich bio diversity of Horton ...
“Vietnam’s imports from Sri Lanka has increased sharply, reaching US$ 10.1 million, up 111% over (US $4.8m in 2011) during first quarter 2012” said Counsellor/Deputy Head of Mission Phung Trong Tuan representing Ambassador for Vietnam in Sri Lanka Ton Sinh Thanh at the Second Annual General Meeting of the Sri Lanka-Vietnam Business Council of the ...
Brand Finance CEO/Founder David Haigh will deliver the keynote address at the fourth session on ‘Branding Sri Lanka’ at the Sri Lanka Economic Summit to be held from 10 to 12 July. Being a developing country with a small domestic market of 20 million people, it is imperative for Sri Lanka to look towards exports ...
Economic Development Minister Basil Rajapaksa over the weekend declared opened the newly-built Amagi Lagoon Resort & Spa in Negombo The Amagi Lagoon Resort & spa is located in Negombo, just 5 minutes away from the Katunayake International Airport. This three star luxury hotel have 22 luxury rooms including three water bungalows, two high restaurants, swimming ...
The Oxford Dictionary definition of ‘inept’ is ‘acting or done with no skill’. An ineptitude results is such behaviour being manifested An ‘Inept’ocracy’ has been defined in the Urban Dictionary as ‘a system of government, where the least capable to lead are elected, by the least capable of producing, and where the members of society ...
A senior delegation from the oneworld global airline alliance, led by CEO Bruce Ashby was in Colombo last week as SriLankan Airlines starts its preparations to join the group following its election on board. The visit comes just days after SriLankan Chairman Nishantha Wickremasinghe and Chief Executive Kapila Chandrasena joined their counterparts from oneworld’s 11 ...
eTN: Centara Hotels & Resorts is to open its first two properties in Sri Lanka during the second half of this year named Centara Passikudah Resort & Spa Sri Lanka and Centara Ceysands Resort & Spa. Both of the resort hotels will be operated by Centara under a management contract and will be part of ...
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 ...
A pledge of continued support to Sri Lanka’s tourism industry through award-winning air services was one of the highlights of the high profile formal opening of The Emirates Lounge at the Bandaranaike International Airport (BIA), Katunayake yesterday. Tim Clark, President of Emirates airline and Mohammed Mattar, Divisional Senior Vice President Airport Services joined Minister of ...
By Cassandra Mascarenhas Sri Lanka has won the bid to host the third Asian Youth Games in 2017 the President of the Asian Olympic Council and the President of the Association of National Olympic Committees Sheikh Ahmed Al-Sabah announced yesterday. Asian Olympic Council President National Olympic Committees Sheikh Ahmed Al-Sabah (centre) addresses the media in ...
The French Trade Commission of the Embassy of France in Sri Lanka will hold a symposium titled ‘Energy efficiency in the construction sector’ on 20 June at the BMICH. It is part of ‘French Spring’ which will be held from 15 to 24 June at BMICH, jointly organised by the Embassy of France and the ...
The Pacific Asia Travel Association (PATA) will organise the PATA Travel Mart 2012, September 25-28 at the SMX Convention Center, Manila. The event is hosted by the Department of Tourism and Tourism Promotions Board of the Philippines. The national campaign, “It’s more fun in the Philippines,” will offer delegates the opportunity to tap into new ...
A stickler for punctuality, there have been just a couple of notable occasions when I recall running nonchalantly late. The most glaring was for my own wedding. I arrived at the church a good 25 minutes late just as the bride made it, just on time. Can you imagine the cataclysmic highs of a groom ...
Peter Kropotkin is a Russian revolutionist who has commented in his book ‘The Conquest of Bread’ what he considers to be the weaknesses of the economic systems of capitalism and how poverty and scarcity thrives on. However, Kropotkin did not believe in the theory of state and is known as an anarchist. The issue of ...
Coral Sands Hotel, located in Hikkaduwa, has received a TripAdvisor Certificate of Excellence award. The prestigious award, which honours hospitality excellence, is given only to establishments that consistently achieve outstanding traveller reviews on TripAdvisor, and is extended to qualifying businesses worldwide. Coral Sands Managing Director Siri Goonewardene said, “The award is based on...