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By Cheranka Mendis The Sri Lanka Tourism Development Authority (SLTDA) is offering 2717.243 acres of land and 415.7 acres of water body in six selected areas for eco-friendly beach, wildlife and waterfront developments. Located in Kalpitiya, Kuchc-haveli, Bentota, Pasikudah, Dedduwa and Yala, all land offered will be given on a long-term 99-year lease upon payment ...
- Divyaa Lagoon Resort first luxury boutique hotel to open in Kalpitiya (Category: Business)
- Sri Lankan government to lease out 10 more islands in Kalpitiya for tourism development (Category: Breaking News)
- Golden opportunity for tourism industry (Category: Breaking News)
Sri Lanka proud hosts of popular and shorter form of most entertaining tournament played in Asia for the first time; 20-teams, 20-day cricket fiesta ICC World T20 kicks off tomorrow Mega boost for tourism as 500 players and officials alone to take up 9,000 room-nights; hundreds of overseas fans, global sponsor officials and media to ...
- ESPN STAR Sports bags multi-year broadcasting rights for Sri Lanka Premier League (Category: Business)
- ICC launches World Twenty 20 Sri Lanka 2012 (Category: Business)
- Sri Lanka to host World T20 2012 (Category: Sports)
- ICC announces WT20 warm-up schedule (Category: Business)
By Cheranka Mendis Given the anticipated growth in tourism, the country is likely to see an 85% average occupancy rate and 35% revenue growth in Colombo city hotels in 2012. Colombo City Hotels Chairman M. Shanthikumar yesterday told the Daily FT that the occupancy level so far has recorded
- Hyatt pushes Asia expansion, cautious in short term (Category: Business)
- Global leisure hotel rates set new growth record in March (Category: Business)
- Hotel occupancy rates slump (Category: Australia, Tasmania )
- Rupee Pricing (Category: Business)
Anushka Sharma and Sunny Leone are probably two obscure names to the Daily FT reader. I must admit this was true for me too until very recently when I had the opportunity to view a programme on Star Movies called ‘Front Row,’ a talk show hosted by Indian national award winning author
- Sharapova weathers storm at sunny Open (Category: Business)
- Jism-2 Star – Sunny Leone Comes To Sri Lanka (Category: Breaking News)
- AMW to unveil 11th generation Nissan Sunny (Category: Business)
- AMW unveils latest Nissan Sunny (Category: Business)
Whilst tracking the key moments of the London Olympics, I realised how reliant I was on the text updates that beeped on my Blackberry and then when time permits go to YouTube or the official websites to experience this key happening as it unfolds to the world. But, then I realised that my friends had ...
- HR and London Olympics (Category: Business)
- Coca-Cola and McDonalds launch London Olympics 2012 memorabilia (Category: Business)
- Marketing 3.0 and Sri Lanka (Category: Business)
- London Olympics biggest in US TV history, despite gripes (Category: Business)
More expansion planned to ride the post-war rebound in tourism and entertainmentBy Cheranka Mendis Hilton Colombo Residence has embarked on a major renovation plan for the hotel to reap post war benefits starting with the expansion and refurbishment of its Union Ballroom. Completed in seven months at a cost of US$ 3 million, the Union ...
- The going is good, says Galadari GM (Category: Business)
- Facelift for two Colombo Fort Hotels’ properties (Category: Business)
- Lighthouse Hotel goes for refurbishment, more rooms (Category: Business)
- Centara to open two hotels in Sri Lanka in second half of 2012 (Category: Business)
Popular Indian playback singer Udit Narayan arrived in Colombo yesterday along with a troupe of dancers, singers and musicians and is scheduled to make his first live public performance in Colombo tonight at the CH&FC grounds from 7p.m. Speaking to the media at a briefing held at the Taj Samudra Colombo yesterday, the Bollywood star ...
- Taj Samudra plays host to Udit Narayan (Category: Business)
- ‘The Scholarly Discourse on Indian Literature’ – Monthly Lecture 6 (Category: Breaking News)
- Investment phase of 110 Parliament Road Apartment Complex ends this month (Category: Business)
- Economic outlook (Category: Business)
A top line up of specialists will be the key attraction of the annual management conference organised by the Colombo University MBA Alumni Association on Friday 16 March from 8:30 a.m. to 4:30 p.m. at the Cinnamon Lakeside, Colombo. Defence Secretary Gotabaya Rajapaksa will be the Chief Guest at the conference titled ‘Beyond Traditional Boundaries,’ ...
- Colombo Uni. MBA Alumni gives its might to country development (Category: Business)
- Gota to share key strategies at Colombo Uni. MBA Alumni management conference (Category: Business)
- Management Conference 2012 kicks off today (Category: Business)
- Professional groups heed Dr. Godahewa’s call; volunteer to support tourism (Category: Business)
By Cheranka Mendis With a membership of 107 top entrepreneurs of the country – among which close to 200 leading organisations is managed providing employment close to 250,000 people – the Chamber of Young Lankan Entrepreneurs (COYLE) is a unique and highly valuable organisation to the country. Taking the mantle of the Chamber from K.H. ...
- COYLE visits Hambantota; says a land of opportunity for PPPs (Category: Business)
- Idac Chief Rohitha Silva new Chairman of COYLE (Category: Business)
- COYLE to unveil leadership facets: ‘The Untold Truths of Sri Lankan Entrepreneurs’ (Category: Business)
- Fly the Sri Lanka flag urges COYLE (Category: Business)
Defence Secretary Gotabaya Rajapaksa will be the Chief Guest at the Colombo University MBA Alumni Association annual management conference titled ‘Beyond Traditional Boundaries’ on 16 March at the Cinnamon Lakeside, Colombo. This year’s focus on the conference is ‘Mastering Your Game’ and Rajapaksa, whose Ministry also includes the Urban Development, as Chief Guest is...
- U.S.Business Executives to meet in Colombo. (Category: Breaking News)
- Speaker elected Deputy Chairman of CPA (Category: Breaking News)
- Serve justice to those responsible for April Attacks immediately; Catholic Bishops’ Conference (Category: Breaking News)
- Serve justice to those responsible for April Attacks immediately; Catholic Bishops’ Conference (Category: Breaking News)
By Cheranka Mendis Tucked away on the southern coastal belt, Avani Bentota Resort and Spa is the perfect epicentre for rest and relaxation. From the moment you walk in, a sense of peace settles in, heightened by the bright white walls, the simple sketches that hang almost rhythmically from the walls and the calming blues ...
- Hotel Serendib Bentota rebrands as ‘Avani’ (Category: Business)
- Discounts from Serendib Leisure at Wedding Show 2012 (Category: Business)
- All Serendib Leisure hotels earn 2012 Tripadvisor Certificates of Excellence (Category: Business)
- Minor’s new brand Avani to debut with Sri Lankan resort (Category: Business)
Bollywood heartthrob and singing sensation Sonu Niigam on Saturday night captivated around 10,000 of his fans for over two hours at his live concert organised by Star Event Management, a brainchild of Sudharma Nettikumara at the CH&FC grounds, Colombo. Wijeya Newspapers Ltd., was the official print partner for the mega show – Pic by Krishan ...
The Daily FT spoke to the Immediate Past President of Sri Lanka Association of Inbound Tour Operators (SLAITO) and Chairman and Managing Director of Conniassance de Ceylan Ltd., on the state of post-war Sri Lanka tourism industry, the progress and key challenges as well as future prospects
- Future of Sri Lanka Tourism: Former SLAITO Chief sheds key insights (Category: Business)
- Strategic policy needed for Sri Lanka Tourism (Category: Business)
- SLAITO on expectations and challenges facing tourism industry (Category: Business)
- Prema joins Alhambra Hotels Board (Category: Business)
Private equity and investment banking boutique, Mercantile Merchant Bank Ltd., (MMBL) and family-owned leisure giant Jetwing Group are together taking the road less travelled to create new opportunities in the former war torn North by commissioning the biggest ever private sector investment in the region. The two firms, via an equally-owned joint venture will be ...
- MMBL pursues new business model for post-conflict Sri Lanka (Category: Business)
- Jetwing walks away with armful of medals at ‘Culinary Art 2011’ (Category: Business)
- Creating memories that last - Jetwing Hotels at the Bridal Fair 2011 (Category: Business)
- Jetwing Animal Clinic at Tangalla Bay (Category: Business)
Effects first major move to become a self-made entrepreneur; his new venture N Capital acquires 70% stake Aspires to make iconic 35-room resort luxurious with Rs. 500 m investment to add 50 more rooms under a new wing and plush refurbishment Says deep south will be centre of economic, tourism and recreation boom with air ...
- Ricky Mendis buys 8% of Serendib Hotels for Rs. 142 m (Category: Business)
- Location! Location! Location! (Category: Business)
- LOLC seeks Rs. 4 b funding for Lanka’s biggest resort complex (Category: Business)
- Shareholders vote out Rights; Malwatte opts for debt for tourism venture (Category: Business)
Last year when I got the opportunity of attending the summer programme at Harvard, one of the sessions that really got my attention was a session titled ‘Corporate Athleticism’. Coming back to Sri Lanka I was eager to bring to life this new theory called ‘Corporate Athleticism,’ which in actual fact was practiced by many ...
- A heart that feels and a mind that thinks (Category: Business)
- Do not sacrifice yourself while facing global challenges (Category: Business)
- HR and London Olympics (Category: Business)
Following is a response from Hotel Developers (Lanka) Limited to the article titled ‘Cornel Perera rebuts Basil’ published in the Daily FT of 24 November 2011 We give below a fair summary of the background of establishment of Hilton Hotel Colombo given by the well-respected Attorney
- Indian Casino Mogul Makes A Play For Hilton Colombo (Category: Breaking News)
- A 5-star loss! (Category: Business)
- Cornel Perera says Hilton takeover not the solution, selling via bourse is (Category: Business)
After seven successive and successful forums, the Accounting Forum 2011, organised by the Accountancy Students’ Association University of Kelaniya (ASAK), is to be held for the eighth consecutive time on 8 December at Ceylon Intercontinental Hotel Colombo from 6:30 p.m. to 9:30 p.m. Accounting Forum 2011 is an annual event organised at a grand level, ...
- Jacob, Sophia top baby names in 2010 in Washington (Category: USA, Washington)
- West Side vaccine champion (Category: USA, Illinois)
- Colombo to host International Research Conference on Accounting next week (Category: Business)
- HLB International holds Indian Sub Continent meeting in Colombo (Category: Business)
By Cassandra Mascarenhas Exploring opportunities for trade, technology transfer and alliances with local companies, a delegation of business leaders from Northern Ireland was present in Sri Lanka earlier this week to meet with prospective partners to initiate further business relationships. Invest Northern Ireland (Invest NI), an initiative of UK regional business development agency, with the ...
- Carrickfergus Consultancy signs joint venture in Sri Lanka (Category: Business)
- Northern Ireland sends business leaders to Sri Lanka (Category: Breaking News)
- Mega ‘India Show’ to open in Colombo this week (Category: Business)
- BRC sets up HR development company in Sri Lanka (Category: Business)
Offering epic safari adventures, Chaaya Wild transcends expectations and enthrals nature enthusiastsBy Marianne David If there’s one message that Yala reinforces, it’s the fact Sri Lanka is so abundantly blessed – a miracle in many ways. Despite its rising position as a hotspot for leopards being temporarily halted in its tracks during the latter stages ...
- Leisure laughs! (Category: Business)
- Chitral’s take on Chaaya Wild and the wild (Category: Business)
- Project Leopard: Chaaya Wild’s responsible tourism drive (Category: Business)
This is the seventh article in the Daily FT’s fortnightly series titled ‘Business of Sports,’ focusing on the back office of the various sports administered and played in this country. Readers are invited to share their views and express their opinion via email to editor@ft.lk
- Sri Lanka sports: Mired between power plots and honey pots! (Category: Business)
- ‘The Business of Sports’: A long overdue commentary! (Category: Business)
- A sports economy: New mantra for a sporting nation! (Category: Business)
- Is Sri Lanka Sports being waylaid by mercenaries? (Category: Business)
I still remember the thoughts that crossed my mind on the day that Harvard University announced the top 50 candidates for the 2011 Global Leaders in Development forum. The excitement was high, but then again the commitment to me personally in Sri Lanka made it a catch 22 decision. The decision was tougher, given that ...
- A brilliant marketer? (Category: Business)
- The changing face of brand Sri Lanka (Category: Business)
- Tilan becomes youngest SLIM President (Category: Business)
- Developing cutting-edge brand strategies (Category: Business)
By Cheranka Mendis Classic Travel (Pvt) Limited early this week partnered with the holiday division of Thai Airways International, Royal Orchid Holidays who promises to ‘provide unmatched experiences to the Sri Lankan holiday maker.’ The agreement appoints Classic Travel as an agent for Royal Orchid Holidays. Chief Executive Officer Classic Travel Suresh Mendis speaking to ...
- Blockbuster holidays with HSBC this season (Category: Business)
- Celebrate Christmas with SIA Holidays (Category: Business)
- Poli (Sigh): Hunker Down For The Holidays (Category: USA, Indiana)
- Poli (Sigh): Hunker Down For The Holidays (Category: USA, Indiana)
Amidst crises in the region, Sri Lanka remains the star for both stock market and tourism sector performance in Asia. As reported in the Daily FT on Monday, the Colombo Stock Exchange remains Asia’s best performing frontier market with an over 2% year to date growth. This is in contrast
- Tax Collaboration (Category: Business)
- Capital Crisis (Category: Business)
- Sri Lanka v India - live score (Category: Breaking News)
- Special Thing (Category: Business)
Targets hotel sector; offers seven FCS products to local customersBy Cheranka Mendis Supporting the boost in tourism, integrated solution provider Fentons Limited forged a partnership with one of the world’s leading hospitality solution providers, FCS Computer Systems, on Wednesday, offering Sri Lankan hospitality industrialists world class solutions for their companies. The partnership, whi...
- No FCS rivalry week is a big loss (Category: USA, North Dakota)
- No FCS rivalry week is a big loss (Category: USA, North Dakota)
- No FCS rivalry week is a big loss (Category: USA, North Dakota)
- No FCS rivalry week is a big loss (Category: USA, North Dakota)
By Cheranka Mendis Pioneers in ayurvedic hospitals and resorts, Hettigoda Group yesterday ceremonially opened its newly renovated Siddhalepa Ayurveda Health Resort in Wadduwa. The resort which has been completely renovated and refurbished at a cost of Rs. 150 million in a period of two months is looking at expanding and adding more features within the ...
- Siddhalepa Revered as the Best Ayurveda Company (Category: Breaking News)
- Sukhee Hair Oil in brand-new packaging (Category: Business)
- Krimiraja Medical centre of Kiriwaththuduwa (Category: Business)
- SLT Rainbow Pages partners Indigenous Medicine Ministry to promote ayurveda (Category: Business)
Ex-England skipper Martin Corry during a three day visit to Sri Lanka to train the Navy rugby team finds time to have a chat with Daily FT. His visit was arranged and funded by Frontier Automotive Ltd., sole agent for Land Rover in Sri Lanka, Principal Sponsor of the Sri Lanka Navy Rugby teamBy
- Shane Williams set for Wales finale against Wallabies (Category: Business)
- Hosts New Zealand Overwhelming Favourites For World Cup (Category: Breaking News)
- World Cup braces for weekend showdowns (Category: Business)
- Land Rover brings ex-England Cap Martin Corry to coach Navy rugby team (Category: Business)
High net worth investor Dilith Jayaweera yesterday described the 10% stake bought in HVA Foods Plc for Rs. 300 million as strategic given the upside. “I see great value in HVA Foods considering some of the initiatives undertaken in China in promoting its Ceylon tea brands as well as other plans. It was bought for ...
- Bourse booms to five month high turnover of Rs. 6.3 b (Category: Business)
- Market rebounds as sentiment improves (Category: Business)
- HVA Foods Limited announces Rs. 319m IPO (Category: Breaking News)
- HVA Foods Limited in Rs 319 million IPO (Category: Breaking News)
Despite a staggering Rs. 10.3 billion accumulated loss at the owning company of Sri Lanka’s premier five star hotel and the Government at large, world famous Hilton has been feasting with earnings, the Daily FT learns. Following the release of annual accounts for two decades this week
- Thiru trims Hilton! (Category: Business)
- Hotel Developers calls for Budget Day EGM over serious loss of capital (Category: Business)
- Basil defends takeover bill (Category: Breaking News)
Colombo Land, Lanka Hospitals cherry picks trading at all time highSpeculative play returned to the credit-feasting Colombo stock market yesterday in greater velocity as retailers and high net worth investors cashed in on rebound in sentiments. Colombo Land and Lanka Hospitals were cherry picks of the speculative play as they figured number one and third ...
- Investors gain more confidence as stock market gains (Category: Business)
- Nalaka sets record straight (Category: Business)
- Col.shares maintain momentum (Category: Breaking News)
- Chairman Godahewa buys more into Colombo Land (Category: Business)
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