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Asia leads the world’s growth in travel and holds seven out of the ten busiest inter-city routes. In addition to the BRIC markets, Indonesia, the Philippines and Chile showed an impressive growth, according to analysis by the market intelligence solution Amadeus Total Demand. The review looks at trends in worldwide passenger demand between regions, countries ...
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 ...
CAPE CANAVERAL, (Reuters): The launch of a privately owned Falcon 9 rocket from Cape Canaveral Air Force Station was delayed on Saturday when a computer detected a possible problem with one of the rocket’s engines, a Space Exploration Technologies official said. Preparations for the company’s trial cargo run to the International Space Station proceeded smoothly ...
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 ...
Reuters: Novak Djokovic was back on top form as he brushed aside rising Australian talent Bernard Tomic 6-3 6-3 to reach the third round of the Rome Masters on Tuesday. While Andy Murray narrowly avoided defeat on his 25th birthday and there were struggles for Maria Sharapova and Petra Kvitova in the women’s event, Djokovic ...
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 ...
Reuters: The European Space Agency is hatching plans for a branding campaign aimed at making people more aware of the benefits of spending their hard-earned taxes on the International Space Station (ISS). The list of products and technologies that have their roots in space research is long, from memory foam to the in-ear thermometer, but ...
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 ...
MADRID (Reuters): Serena Williams marked her first European appearance of the season with victory on the Madrid Open’s striking blue clay courts on Monday, but her sister Venus crashed out in the second round. Holder Petra Kvitova also started well as the third seed defeated New Zealander Marina Erakovic 6-2 6-3. Towering Czech Kvitova beat ...
LONDON (AFP): Spain will begin as hot favourites to complete an unprecedented treble next month when the European Championship ventures into new territory in Poland and Ukraine. Winners of Euro 2008 and the 2010 World Cup, Spain will become the first footballing nation to complete a hat-trick of major championships if Vicente del Bosque’s side ...
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 ...
Reuters: The top two seeds advanced to the Madrid Open second round on Sunday when Victoria Azarenka dispatched Svetlana Kuznetsova 7-6 6-4 and Maria Sharapova crushed Irina-Camelia Begu 6-0 6-2. Making a less auspicious debut on the unfamiliar blue clay, a controversial innovation at this year’s edition of the event, was 2010 French Open champion ...
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 range of products/services between Sri Lanka and BRICS Countries and facilitate alliances on reciprocal ...
Inclusion on list carries no threat of sanctions IP-intensive industries support 40 million U.S. jobs NAFTA member Canada continues to make list WASHINGTON(Reuters): The United States on Monday again put Russia and China on its annual list of countries with the worst records of preventing the theft of copyrighted material and other intellectual property (IP), ...
Dubai’s rapidly-expanding hotel industry has posted an all-time high of Dh16 billion ($4.35 billion) in revenues during the first quarter of 2012, marking an increase of 24% over last year’s figures. Dubai hotels also showed a nine% increase in guest numbers (which crossed the nine million mark), 22% jump in guestnights and a 12 per ...
Reuters: Russia’s Maria Sharapova beat world number one Victoria Azarenka 6-1 6-4 in the Stuttgart clay court final on Sunday to claim her first WTA tour title of the year and end a two-match losing streak against the Belarussian. Sharapova, ranked second in the world, outplayed Azarenka, who had beaten her in the Australian Open ...
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, ...
LONDON (Reuters) : Brent crude oil gained on Wednesday, with investors optimistic that the U.S. Federal Reserve may give hints of more monetary easing, supporting demand sensitive assets. Brent crude rose 44 cents to $118.60 a barrel by 0909 GMT, while U.S. crude was up 48 cents at $104.03. A third round of monetary stimulus ...
Although relatively unknown in Sri Lanka, the world’s third largest advertising holding company, the Publicis Groupe, has a formidable presence worldwide and is represented in Sri Lanka by one of its main global subsidiaries, Leo Burnett. With Sri Lanka showing potential for high growth in the years to come, the second-in-command of the French multinational ...
Reuters: Fresh from a big victory in raising $430 billion for the International Monetary Fund, Christine Lagarde’s tougher test as head of the global lender will be finding a way to give emerging economies more influence. To do this, the former French finance minister will need to convince the Fund’s dominant powers – the United ...
Worldwide PC shipments totaled 89 million units in the first quarter of 2012, a 1.9 per cent increase from the first quarter of 2011, when shipments reached 87.3 million units, according to preliminary results by Gartner, Inc. These results exceed Gartner’s earlier projections of a 1.2 per cent decline for the quarter. “The results were ...
Reuters: The Group of 20 nations on Friday pledged $430 billion in new funding to the International Monetary Fund, more than doubling its lending power in a bid to protect the global economy from the euro-zone debt crisis. The promised funds from advanced and emerging economies will provide the global lender with a huge war ...
Sri Lanka’s embassy in Russia has completed an innovative project to further promote Sri Lanka as the preferred tourism destination among the Russian people. Under this project, which was ably supported by Sri Lanka Tourism, they have compiled a tourist guidebook on Sri Lanka in the Russian language and two audio CD’s containing details of ...
REUTERS: Hundreds of birch trees from the biggest Nazi death camp, at Auschwitz-Birkenau in Poland, are dotted around Berlin as a living memorial of this dark chapter in Germany’s past. The trees, called Birke in German, lent their name to the Birkenau camp where as many as 1.5 million people, mostly Jews, perished between 1940 ...