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By Cheranka Mendis Sri Lanka, which did not qualify to make it to the Future Brands Country Brand Index 2011-2012 due to the lack of awareness and familiarity among the global community about the country, has made a surprise appearance in the 2013 Country Brand Index at number 67. This was revealed by Future Brands ...
Global giant Standard Chartered Bank tips Sri Lanka’s economic growth to rebound in 2013, after contracting this year from 2011. It is forecasting economy to grow by 7.5% in 2013 and by 7.7% in 2014 from 6.8% this year. However, forecasts for the next two years are lower in comparison to record 8.3% growth achieved ...
A number of articles which appeared in print media in the recent past signify the volatility in the economy. High volatility leads to vulnerability. Volatility and vulnerability are reflections of the haphazard nature of the economic policies and poor economic governance in a country. What is volatility? Volatility is the severity and the frequency with ...
Reuters: Formula One cars will continue to swerve around the skyscrapers of Singapore for the next five years after the government agreed on Saturday to help cover the S$150 millioncost of hosting the unique night race. There had been some doubt about the future of the event, the only night race
$ 450 m mega project to be completed in 2014 By Uditha Jayasinghe The Government has leased the iconic Transworks House land to India’s Krrish Group for 99 years at $ 49 million, whilst the $ 450 million mega project is slated to be completed by 2014. The land encompasses the Transworks House, a colonial ...
Ind-Expo Certi-fication Limited is a public limited liability certification and training organisation established by Ceylon National Chamber of Industries and National Chamber of Exporters of Sri Lanka with the support of United Nations Industrial Development Organi-sation (UNIDO) under its project of ‘Strengthening International Certific-ation Capacity in Sri Lanka’ with the assistanc...
Emirates, one of the fastest growing airlines in the world, has launched its daily non-stop service from Dubai to Washington Dulles International Airport (IAD). It is the seventh gateway for Emirates in the United States, and the twelfth new route to join the airline’s international network in 2012. “Emirates offers important new choice, competition and ...
By Cheranka Mendis Negotiations are ongoing to bring back Mediterranean carrier Cyprus Airways to fly to Sri Lanka thanks to the tourism boom experienced in both countries. Honorary Consul of Cyprus Premanie Perera yesterday announced that discussions were currently underway to bring back the airline, which conducted operations for eight months in 2004. The airline pulled back ...
The Sri Lanka Foundation (SLF), the centre for leadership, education and training, last week signed a MoU with the Asian Institute of Technology (AIT). It is envisaged that this important step of the SLF will enhance international collaboration and establish cooperation between AIT and SLF in realising the objectives of both SLF and AIT from ...
MADURAI: Even as the attack on Sri Lankan tourists in Thanjavur two days back came in for widespread condemnation, a group of cadres of Naam Tamilar Katchi staged a protest in front of a private hotel in Madurai on Thursday alleging that Sri Lankans were employed there in large numbers. The protestors also attempted to ...
Owned and operated by Sri Lanka’s largest blue chip conglomerate, John Keells Holdings PLC and positioned as a star value addition at John Keells Hotels Group, ‘Nature Trails’, the dedicated Wildlife and Adventure Tourism division of Chaaya and Cinnamon Resorts, bagged the award for the ‘Best Nature and Wildlife Service Provider’ at the Sri Lanka ...
Strongest ever SA biz delegation to Sri Lanka in bilateral history Among investments sought here are urban property and shopping malls ‘Will strongly boost bilateral trade levels beyond $ 65 million’ – Rishad Former Deputy Foreign Minister Schoeman in the delegation The biggest -and most powerful- South African business delegation ever to arrive in Sri ...
The SAFA-CMA Management Accounting Summit 2012 held in June this year revolved around the theme ‘Corporate Social Responsibility and Sustainability Practices,’ of which the highlight was the final session of the two-day summit, the CEO and CFO Forum. The panel featured Dialog PLC Group CEO and Managing Director Dr. Hans Wijayasuriya, John Keells Holdings Finance ...
By Reshma Kapadia Emerging Markets Daily: With so much angst over India, some investors are looking for other ways to play the subcontinent and setting their sights on Sri Lanka. The country, a major shipping hub attracting a good deal of investment from China, is rebuilding after a three-decade civil war that left parts of ...
Human rights Human rights are on the top of agenda today. Nations accuse each other of violations of human rights of themselves and others. Rights are generally violated during conflicts and wars as the strength of the weapon supersedes peace over and stability and rule of law. There is no shortage of conflicts in most ...
Budget carrier SpiceJet on Wednesday said it will start services between Madurai and Colombo from 20 September. “SpiceJet will be the first airline to operate regular international services from Madurai. We hope the direct flight will help boost tourism between the two countries,”
Since its inception in May 2012, the Maalu Maalu Resort and Spa as a socially responsible company has taken an initiative to help and improve the local community, setting the benchmark for other hotels coming up in the region and simultaneously promoting sustainable tourism in Passikudah.
A top South African business delegation will be arriving in Colombo next week. The delegation consists of no less than 30 leading business members of the Progressive Business Forum of African National Congress (ANC-PBF), the ruling ANC’s influential business collective. The delegation will be in Sri Lanka from 5-8 September. “We warmly extend our welcome ...
The Sri Lanka Institute of Marketing (SLIM) together with the Bucks University featured the 2012 award winners from Singapore of global business associations and chief marketing officers under the theme ‘Is The Party Over?’ at Galadari Hotel, where a select audience of 200 business and marketers attended the event. Some of the key points discussed ...
The world leading international Emergency Services Company, Falck (Denmark) has acquired 50 percent of Sri Lankan Emergency Medical Services (EMS) company, Med1 (Pvt) Limited. Med1 plans to launch emergency medical response services in the Colombo area by the end of 2012. “The partnership between Med1 and Falck not only enables us to implement a high-class ...
Given first half performance, believes several 2012 Roadmap targets will be missed UNP MP and its chief spokesman on the economy Dr. Harsha de Silva yesterday claimed that most of the Central Bank’s 2012 Roadmap targets were likely to be missed, based on below par performance on the external trade front during the first half. ...
Tissamaharama Jeep Association turns violent; threatens wild life tourism operators By Cheranka Mendis The three tented mobile safari operators within the Yala National Park have been threatened by the Tissamaharama Jeep Association on Friday and Saturday to cease operations within five days, accusing them of eating into the share of local jeep operators’ business. The ...
Etisalat, a leading global mobile telecommunication service provider, opened its state-of-the-art store at the Bandaranaike International Airport (BIA) recently. As the country experiences an influx of tourists and expects a further growth in the tourism industry, Etisalat, having an over 167 million global customer base across 17 countries, is currently the most skilled and ...
By Shanuka Tissera Leading bankers were given the opportunity to discuss the method of approvals of OPIC funding and political risk insurance, facilitated by the International Executive Service Corps (IESC) and the American Chamber of Commerce Sri Lanka (AMCHAM) for US equity sponsored projects. The keynote address was delivered by the Governor of the Central ...
Visa has taken its first steps towards entry into Myanmar (previously known as Burma) with a series of training workshops to prepare selected local banks for the introduction of electronic payments as the country continues its economic and social reforms. The workshops are aimed at upgrading the banking facilities to accept and issue international payment ...
Sri Lanka’s exporters to Seychelles were upbeat on possible direct air-links with Seychelles while Sri Lanka’s national carrier viewed it as ‘an opportunity’. “Seychelles is an opportunity. Within the next three months, SriLankan Airlines will be able to come to a clear understanding as to how we can set up direct commercial air-links with Seychelles,” ...
The Central Bank said yesterday inflows to the services account of the balance of payments remain buoyant despite challenging conditions. It said earnings from tourism in June 2012 grew by 20.6%, year-on-year, to $ 63 million, while during the first six months of 2012, earnings from tourism have grown at a robust rate of 24.3%, ...
Sri Lanka and Seychelles will establish a direct air link between the two countries immediately, enabling increased trade and tourism between the two island nations and neighbouring countries. At the discussion on Tuesday held between the visiting Seychelles President Alix Michel and Minister of Economic Development Basil Rajapaksa, it was decided to open up a ...
By Cheranka Mendis Seylan Bank’s CEO and MD Kapila Ariyaratne recently joined Daily FT for a brief chat on the performance of the bank, future plans and market trends. The bank as at now holds 11% shares in advances and 10.6% in deposits within the private local commercial bank market in the country. Q: How ...
With the generous support of the American people through the US Agency for International Development, Volunteers for Economic Growth Alliance (VEGA) is implementing the US $24 million VEGA/BIZ+ program in Sri Lanka. The program’s main focus is on expanding livelihood opportunities that can enhance economic productivity, boosting household incomes in former conflict areas and promoting ...