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The ProFood/ProPack 2012 held from 6-8 July at BMICH Colombo yet again provided an excellent platform to around 45 participating Indian companies to showcase their wide range of agro and food products to the Sri Lankan public and business community. There was strong buyer interest in the Indian products such as wine, fresh fruits like ...
Following is the full text of Secretary to Ministry of Finance and Planning and Ministry of Economic Development Dr. P.B. Jayasundera’s keynote address titled ‘Sri Lankan Economy in Perspective’ at first plenary session of the Ceylon Chamber of Commerce Sri Lanka Economic Summit yesterday under the theme ‘Positioning Sri Lanka in the Global Economy’ Chairman, ...
By Cassandra Mascarenhas Being a developing country with a small domestic market of 20 million people, it is imperative for Sri Lanka to look towards exports to achieve high economic growth rates. The restriction of the size of the domestic market imposed through low income levels and small market size does not facilitate domestic producers ...
Third batch of students graduate in TangalleThe third batch of 23 students, trained in hotel operations under ‘Jeevana’ Livelihood Development Scheme, promoted by NDB, passed out at a ceremony held in Tangalle on 9 July. MP Namal Rajapaksa was the chief guest at the ceremony. Initiated in September 2010, ‘Jeevana’ Livelihood Development Program endorses NDB’s ...
By Cassandra Mascarenhas Setting its sights on placing Sri Lanka in the global economy and expanding its reach in overseas markets, the Sri Lanka Economic Summit 2012, the Ceylon Chamber of Commerce’s annual flagship event, aptly themed ‘Positioning Sri Lanka in the Global Economy,’ commenced last evening at the Cinnamon Grand. In the context of ...
Floriculture processing, training and agro tourism centre opened in Bingiriya Labour saving efforts and productivity are major aspects of surviving the fast growing world flower market which is also highly competitive. “Though Sri Lanka supplies only around 0.4% of supply to the world flower market, this sector is one identified in the five year action ...
This is the second edition of the ‘Company Called Sri Lanka’ article range in store and finds it is the most appropriate time to express the marketing strategy for tourism in the backdrop of the Sri Lanka Economic Forum, where they will be arguing about positioning Sri Lanka in the world market. Sri Lanka as ...
LONDON (Reuters): A voluntary tax on tourists who visit the luxury resorts and white sands of the Maldives could raise up to $100 million a year towards the country’s aim to become carbon neutral by 2020, President Mohamed Waheed said. The Maldives is made up of 1,192 low-lying islands in the Indian Ocean. With average ...
Major professional tour golf is set to make its debut in Sri Lanka in August when over 100 top golf professionals tee off at The Royal Colombo Golf Club at The Standard Chartered Open 2012, an event sanctioned by The Professional Golf Tour of India (the “PGTI”) as part of its 2012 schedule. The four ...
The first-ever Swiss-Sri Lanka Business & Investment Forum held in Geneva concluded successfully on 11 June. “The theme of the Geneva event ‘A land of a thousand and one opportunities’ appears to have successfully captured the outlook of Sri Lanka’s new growth phase. I congratulate the Sri Lankan delegation, our Swiss Embassy in Germany and ...
The International Air Transport Association (IATA) last week announced global traffic results for May showing a general downward trend in line with deteriorating global economic conditions. While passenger demand was 4.5% ahead of levels in May 2011, growth was virtually flat compared to April. Capacity increased by 4.0% and load factors stood at 77.6%, below ...
Tie-up with East West Properties to see 200-room, 11-storey Weligama Marriott Resort and Space come up in mid 2014Marriott International has announced the signing of an agreement with Weligama Hotel Properties Ltd., a fully-owned subsidiary of East West Properties PLC, to open a hotel in Sri Lanka – the Weligama Marriott Resort & Spa in ...
By Shanuka Tissera Cinnamon Lakeside Colombo last week announced its latest accomplishment as the recipient of the ‘Best Luxury Hotel, Sri Lanka’ award at the Business Destinations 2012 travel awards. The hotel has now entered the ring to do battle with the likes of the Trump Hotel Chicago, Fair Mont Hotel Vancouver and Marina Bay ...
Players are set for the first-ever Sri Lanka Premier League (SLPL), with West Indies showpiece Chris Gayle as the most valuable as he was contracted for $ 100,000 (over Rs. 13 million), whilst top local stars fetched $ 50,000 (Rs. 6.5 million) each. Sri Lanka Cricket yesterday concluded the player draft for each of the ...
PLYMOUTH University has become a partner with the National School of Business Management in Colombo, Sri Lanka. NSBM is a subsidiary of the National Institute of Business Management and is developing new, state-of-the-art campus in Homagama. Degree programs being offered there with the support Plymouth University include International Business, Computing and Networks, Marketing, Accounting and ...
Heritance Ahungalla, one of Sri Lanka’s Aitken Spence Group’s deluxe hotels, has employed scores of people and sources supplies from the neighbouring villages as part of the ongoing investment drive to embrace sustainability. More than 65 per cent of the hotel’s staff of 400 have been recruited from the local villages, many of them have ...
Malaysian investors show strong interest on highways, housing, and tourism sectors here In the wake of the successful B2B MoU between Sri Lankan and Singapore business last May, is the next ASEAN bilateral B2B invitation – a call for fully fledged MoU between Malaysia and Sri Lanka business. “We are highly encouraged by the call ...
The Board of Investment of Sri Lanka (BOI) has signed an agreement with tourism developer Katana City Developments (Pvt) Ltd. to assess and plan Sri Lanka’s first large scale tourism zone, in the Katana Area, just adjacent to Colombo’s Bandaranaike International Airport. The airport will be connected to the Katana City by a monorail which ...
The Board of Investment of Sri Lanka (BOI) has signed an agreement with tourism developer Katana City Developments (Pvt) Ltd., to assess and plan Sri Lanka’s first large-scale tourism zone in the Katana area, just adjacent to Colombo’s Bandaranaike International Airport.
As investments in the tourism sector continue to rise, a leading global player in gifts and souvenir sector who is known for items with cultural identities is looking to partner in a joint venture in Sri Lanka. “We like Fakih Group’s approach of community engagement and eco-friendliness while making profits. I welcome the Group to ...
HSBC Sri Lanka on Monday celebrated its 120th year of successful operations in the country. Initially set up in Colombo in 1892 as a bank to facilitate trade finance with China, the entity has evolved over the years to become a full service bank that encompasses commercial and personal banking solutions for a diverse profile ...
Sri Lanka’s tourism has a serious obstacle in current time. Entrepreneurs from other countries are taking advantage of Sri Lanka’s location by using it as a means of illegal drugs hub. Statistics were released by Sri Lanka’s Police and it shows that the first six months of this year, over 19,000 were suspects to drug ...
Japan appreciates the progress made by Sri Lanka in many sectors of national life since the end of the conflict, and stands ready to work closely with Sri Lanka in addressing the tasks that lie ahead, Mr. Koichiro Gemba, Minister of Foreign Affairs of Japan, said in Tokyo on Monday. Japan’s Foreign Minister made these ...
Malaysia Airlines, in recognising the vibrant growth of the Sri Lankan economy and its tourism sector, has decided to expand its operations and visibility, by opening its second branch office in Matara, in the Sothern Province. Represented by Hemas Air Service, its General Sales Agent in Sri Lanka, it also has a branch office in ...
Colombo is already a hub of musical activity; from the sounds of the street vendors to late night jamming sessions by lesser-known bands, the city throbs with the beat of vibrant lives. From August 23rd to 27th, the city’s music will take on a decidedly eclectic flavour as the much-awaited “Sense and Soul Colombo Music ...
Sri Lanka and China are to sign a comprehensive economic cooperation agreement shortly in a bid to further enhance strong bilateral ties currently being enjoyed. This matter was discussed when the new Ambassador to People’s Republic of China Wu Jianghao paid a courtesy call on Economic Development Minister Basil Rajapaksa last week. “The Minister and ...
IFC, a member of the World Bank Group, is working with Sri Lanka’s Nations Trust Bank (NTB) to help up to 30,000 small business owners become more competitive through a series of advisory interventions, sharpening their readiness to access new markets. With IFC’s advisory assistance, the bank has strengthened its institutional capacity over the ...
Drug Trafficking was one of the main sources of finance for the LTTE terrorists as reflected in the World Drug Report 2012, says Permanent Representative of Sri Lanka to the United Nations Dr. Palitha Kohona. He was addressing at the UN General Assembly Thematic Debate on ‘Drug and Crime as a Threat to Development’ ...
Case study Middle East Sri Lanka is one of the most sought-after tourist destinations in the world. It is surrounded by the Indian Ocean strategically located between West Asia and South East Asia and has been an important stop on the silk route or the Silk Road. It has all requirements to be one ...
Gulf visitors to Singapore have continued to increase, as the nation state has been named Asia’s Top Convention City for the tenth year in a row by the International Congress and Convention Association, said Dubai-based tourism board officials. “Singapore continues to attract the world to its growing number of conventions and events, and an increasing ...