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The 13th Sri Lanka Economic Summit scheduled to be held from 10 to 12 July will focus on a number of key focus areas in the Sri Lankan Economy. The third session of the event will explore the diverse opportunities for Sri Lanka in the emerging markets such as China, India, Brazil, Russia, etc. The ...
The International Air Transport Association (IATA) on Tuesday announced in Beijing that South African Airways will host the 69th Annual General Meeting (AGM) and World Air Transport Summit (WATS). The event will draw the top leadership of the air transport industry to Cape Town’s International Convention Centre from 2 to 4 June 2013. “South Africa ...
Fresh push to woo Chinese tourists and tap greater share of two-way traffic, including to Maldives Upgrade brings total flights to four cities in China including Hong Kong to 21 per week By Nisthar Cassim in Beijing, China In a fresh push to woo more Chinese tourists as well as cater to growing two-way traffic, ...
FACETS 2012, Sri Lankaandrsquo;s only International Gem and Jewellery Show which is expected to be held from the 5 to 8 September this year, has all 154 booths sold out, with inquiries continuing to come in from countries like Russia and China to send buying delegations.
Given one month extension pending reconstitution Adding to the confusion and controversies, the Board of Directors of the BOI is in limbo with subject Ministry Secretary Dr. P.B. Jayasundera giving it a month’s extension. The move follows the tenure of the members of the Board ending recently and until the latest extension indicated this week, ...
The debate on importation of lower cost tea has seen some theoreticians weighing in with their opinions. Rohantha Athukorala in his May 29 “Should SL take ‘tea hub’ route?” article in the FT claims that creating Pure Ceylon brands is close to impossible due to the cost and effort required. Hilmy Cader says the same ...
A document named ‘Growing Together’ prepared by UNESCAP for the sixty sixth session of ESCAP states that the realisation of what is termed as the ‘Asia Pacific century’ will depend on the region’s ability to harness the potential of regional economic integration. A shared history and culture, complementarities arising from their very different levels of ...
LONDON (Reuters): Global manufacturing activity expanded at its weakest pace for five months in May with a battered Europe proving the main drag on growth, a report showed. The Global Manufacturing Purchasing Managers’ Index (PMI), produced by JPMorgan with research and supply management organisations, fell to 50.6 in May from April’s 51.0, its lowest reading ...
Wide publicity has been given to the events unfolding at the Sri Lanka Tourism regarding the resignation of the Chairman from Sri Lanka Tourism Promotion Bureau, Sri Lanka Institute of Tourism and Hotel Management and Sri Lanka Convention Bureau and the performance of the Board of Investment. The media reports have given the impression that ...
Ballooning trade gap Even with the multitude of measures taken to curb imports, Sri Lanka's cumulative trade deficit widened to nearly US$ 1.7 billion in the first two months of the year with earnings from exports increasing marginally by 3.3 per cent to US$ 1.8 billion whilst import expenditure shooting by 24.7 per cent to ...
After the LTTE was defeated, a campaign designed to promote Sri Lanka as a leisure and investment destination labelled ‘The Small Miracle’ was shot down, ostensibly on the ground that the miracle was in no way ‘small’. The marketing value in Sri Lanka’s compact size, our rich biodiversity, the diversity of leisure locations and physical ...
BRUSSELS (Reuters): Rising tensions with India and China over the European Union’s “arrogant” law on carbon emissions could rob the region of the markets that can rescue it from economic malaise, airline leaders said last week. They also said they had prepared contingency plans for a possible exit of Greece from the euro, as part ...
ww.wsws.org: On May 20, the Socialist Equality Party and International Student for Social Equality (ISSE) held a successful congress of plantation workers at Hatton, in Sri Lanka’s central hill region. A number of workers, including several dozen from the Nuwara Eliya and Badulla tea plantation districts, as well as youth and students from Jaffna, Kandy ...
MACAU,(Reuters): Russia is placing bets that plans to build a gambling and entertainment zone near the port city of Vladivostok will lure investors who have spent big money on casinos for Asian gamblers in Macau and Singapore. Vladivostok, located near China and known more for its oil and gas pipes
The UNWTO has welcomed the Declaration issued by the Tourism Ministers of the G20 economies (T20) calling for priority to be given to facilitating travel as a means to boost economic growth and create jobs. The Declaration states, “To ensure that tourism can play a key role in creating employment opportunities, both directly and indirectly ...
Minister of External Affairs Prof. G.L. Peiris will pay an official visit to the Russian Federation on the invitation of Sergey Lavrov, Minister of Foreign Affairs of the Russian Federation on May 23. During the visit Prof. Peiris will hold official talks with his Russian counterpart on a range of issues of importance to both ...
Pakistan won its first SAARC Film Award on Sunday night for the documentary ‘Saving Face’ that chronicles the work of a British plastic surgeon who rebuilds the faces of women disfigured by acid attacks. Another Pakistani movie nominated for the Awards was Mehreen Jabbar’s directed Raam Chand Pakistani, which bagged silver medal in the Best ...
Following is the response from Dlimah Tea Director Malik J. Fernando to Willie Weerasekera’s article ‘Pure Ceylon Tea’ or ‘tea hub’? The billion dollar question published last Friday in Daily FT.The writer speaks sense when he says “the million-dollar question is therefore much more than ‘Ceylon Tea’ or ‘tea hub’ – It is: How do ...
News reports point to an important decision that the minister concerned has been requested to make on the above subject. If this is correct it is important that we recognise that it is more than a million dollar decision that has been called for. It is so important a decision because it could determine the ...
INSEAD, the leading international business school, has partnered with leading TMT advisory and investment firm Delta Partners to release a joint white paper that defines core emerging markets, growth drivers as well as opportunities and challenges in the global telecommunications industry. At a time when Facebook is getting ready to IPO, its focus on emerging ...
Expolanka Holdings PLC yesterday acquired the controlling stake in Akquasun Holidays India (Pvt) Ltd. at a cost of US$ 915,000, thus further consolidating both its presence and strength in the leisure and travel sectors. Akquasun Holidays, the Mumbai-based destination management specialist is a B2B Destination Management network company. Primarily mandated to attracting traffic from emerging ...
Expolanka Holdings PLC yesterday acquired the controlling stake in Akquasun Holidays India (Pvt) Ltd. at a cost of US$ 915,000, thus further consolidating both its presence and strength in the leisure and travel sectors. Akquasun Holidays, the Mumbai-based destination management specialist is a B2B Destination Management network company. Primarily mandated to attracting traffic from emerging ...
By Saman Kelegama New deal from Busan? The 4th High Level Forum (HLF) on Aid Effectiveness in Busan which took place during 29 November to 1 December 2011 came out with a New Deal for Engagement of Fragile States – a somewhat novel document of aid architecture that provides fragile states a stronger role in ...
During the April holidays, Travelon ventured out to Ho Chi Minh (Saigon) City with 14 adventurous Sri Lankans led by their tour captain, Director Bandula De Silva. This was the maiden voyage to Vietnam by Travelon and the management was very keen that the tour should come off with flying colours since this was a ...
By Cheranka Mendis Asia Leisure, a fully-owned subsidiary of Asia Capital Group, has formed a strategic tie-up with Teoria Investments Japan, through which Teoria has made an initial investment of US$ 2 million into Asia Leisure’s property Taprobana in Balapitiya. Anticipated to be launched in April 2013, Taprobana is the start of a major expansion ...
The Ceylon Chamber of Commerce (CCC) signed a cooperation agreement with the Chamber for Promotion and Economic Development of the BRICS Countries (Brazil, Russia, India, China and South Africa) called ‘BRICS-PED’ recently. This special agreement will initially promote an identified
The fall of the rupee is likely to bring mixed results for the tea industry, John Keells Plc said last week. It said Sri Lanka’s Rupee fell to a record Rs. 132.20 against the dollar breaking the previous record of Rs. 131.60 on 19 March 2012. “The impact of the devaluation and rising energy ...
Reuters: Indian Oil Corp is ready to help Sri Lanka cut its heavy dependence on Iranian crude imports, as tighter Western sanctions hit supplies from Tehran, IOC subsidiary Lanka IOC told Reuters on Thursday. A top Lanka official said it was ready to help in a $ 2-billion upgrade of Sri Lanka’s 50,000 barrels per ...
Sri Lanka’s tea exports in 2011 reached an all time in US Dollar terms as well, according to Ceylon Tea Brokers Plc. “Based on the weighted average rupee value for US$ 1 in 2011 and 2010 as obtained from the website of the Central Bank of Sri Lanka, equivalent US$ export earnings in 2011 amounted ...
Technology and Research Deputy Minister Faiszer Musthapha, who was among the Sri Lankan delegation to the UNHRC sessions in Geneva, says there are issues in any country when majorities and minorities live together. “Such issues can only be solved through dialogue. Any third party intervention makes the issues more complicated and totally destroys countries. Iraq, ...