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Sri Lanka CEO Nick Nicalaou dismisses exit rumours; says local operations robust and post-war future in the country looks very promising World’s local bank celebrates 120 years of excellence in Sri Lanka on 1 July, invests $ 7 m for major upgrade of Head Office in Fort By Nisthar Cassim HSBC, which is ...
By Cheranka Mendis With the tourism industry gearing up to welcome 2.5 million tourists by 2016, Imperial Institute of Hospitality and Leisure (IIHL) yesterday announced the launch of industry qualifications from UK’s Institute of Hospitality (IH) which aims to provide the much needed training and skill set to local workforce. A first in South Asia, ...
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 ...
The 60-room Monty’s will be a brand new midscale property in the heart of the Nepalese capital Kathmandu. The hotel will be located on Thamel Road, an area of downtown Kathmandu famed for its vast array of local restaurants and boutique shops selling handicrafts and souvenirs, as well as mountaineering outlets catering to Nepal’s booming ...
The Prime Minister of Papua New Guinea, Peter O’Neill has unveiled plans to invest Kina 10 million (roughly $4.8 million) per year over the next five years into global tourism campaigns designed to boost Papua New Guinea’s international visitor arrival numbers. Tourism, he said, was an untapped resource and one that was often forgotten in ...
Emirates, the leading international airline of the UAE, will mark 25 years of its service to London Gatwick with the launch of the airport’s first Airbus A380 service on July 6. The A380 will operate one of Emirates’ three daily flights to Gatwick, enabling passengers to experience the world-renowned amenities on board. These include the ...
Japan Airlines has requested approval from the Japanese Ministry of Land, Infrastructure, Transport and Tourism (MLIT) to apply a lower level of fuel surcharges on all its international passenger tickets issued between 1 August and 30 September 2012. JAL sets fuel surcharge levels bimonthly based on the 2-month average price of Singapore kerosene-type jet fuel. ...
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 ...
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...
WASHINGTON: Developing countries should prepare for a long period of volatility in the global economy by re-emphasising medium-term development strategies, while preparing for tougher times, says the World Bank in the newly-released Global Economic Prospects (GEP), June 2012. A resurgence of tensions in high-income Europe has eroded the gains made during the first four months ...
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 ...
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 ...
Ahead of the G20 world leaders’ meeting in Los Cabos, Mexico, the UNWTO and WTTC call on the leaders to consider Travel and Tourism as an engine for economic growth and stimulating the global economy. Increasing travel and tourism demand through visa facilitation can be central to stimulating job creation, a priority given the high ...
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 ...
The government of the Maldives is said to be looking for funding from the private sector for an advertising campaign to boost its tourism industry following turmoil earlier this year when its elected president was forced from office in what he later claimed was a coup. A report in Minivan News said the government had ...
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 ...
Region’s tourism to be hit in euro collapse-Euromonitor Tourism receipts could drop as much as 17.3 percent Hotel value sales would be down 15 percent Spending on air travel could drop 20 percent FRANKFURT (Reuters): A collapse of the euro zone would have a crippling impact on Europe’s airlines and hotel groups, as consumers and ...
Ministers of tourism and high-ranking officials meeting at the 93rd session of the UNWTO Executive Council in Madrid this week have highlighted the role of tourism in addressing continuing challenges in the world economy, from a slowdown in growth to global unemployment. “On this occasion, I would like to underscore the role of tourism as ...
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...
Creating opportunities to enhance diplomatic ties in promoting the destination, Sri Lanka Tourism promotion Bureau received a five member delegation from the Consular Corps of London at the Bandaranaike International Airport yesterday 11 June for a familiarisation tour in Sri Lanka. The executive Committee members delegation will be touring in Sri Lanka from 11 to ...
Green Globe Certification concluded its fourth Annual Summit and Partner Meeting in Los Angeles, California on 8 June. Tiara Anthonisz representing STING Consultants the accredited auditor for Green Globe Certification for the regions of Sri Lanka and the Maldives, was in attendance. Green Globe Certification is the premier international brand for a sustainable travel, tourism, ...
With highest-ever top and bottom line performance premier blue chip JKH says knowing exactly who were are, what we stand for and where we are headed makes all the differenceI am pleased to present the Integrated Annual Report, and the Statement of Accounts, for the Financial Year ended 31 March 2012. The Report encapsulates the ...