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Week-long ‘Celebrate Colombo’ festival to boost tourism revival post-Easter Sunday tragedy

Views - 25 Thursday, 18 July 2019 02:30

By Charumini de Silva Sri Lanka will hold a week-long creative festival titled ‘Celebrate Colombo’ inclusive of art, fashion, food and music in early August to demonstrate peace and return to normalcy after Easter Sunday attacks. Celebrate Colomb


Hotel near Buckingham Palace serves $ 200 cup of Ceylon tea by P.M. David Silva & Sons

Views - 47 Thursday, 18 July 2019 02:29

CNN: It’s no secret that the British are very serious about their tea. Now a London hotel has taken this dedication to new heights by offering what’s been dubbed the UK’s most expensive cuppa. The Rubens at The Palace is now serving a rare tea


Stock market gains to over 3-month high on local buying; rupee steady

Views - 18 Thursday, 18 July 2019 02:24

Reuters: Sri Lankan shares rose for the sixth straight session yesterday to hit a more than three-month closing high, as diversified and banking stocks gained, while the rupee ended steady. The benchmark stock index gained 1.04% to 5,645.65, its hig


BOI inks agreement with edotco to equip Sri Lanka with smart city solutions

Views - 26 Thursday, 18 July 2019 02:24

The Board of Investment (BOI) of Sri Lanka and edotco Sri Lanka, an integrated telecommunications infrastructure services company, yesterday entered into an agreement to invest in the latest smart city solutions and energy efficient systems towards f


Burgeoning family offices manage $ 5.9 trillion: Campden

Views - 465 Wednesday, 17 July 2019 00:20

ZURICH (Reuters): The number of family offices – companies that manage portfolios for individual families – has risen by 38% over the past two years worldwide, advisory group Campden Wealth said, with the firms overseeing assets valued at $ 5.9 t


BG Investments buys APIIT Lanka for Rs. 1.9 b

Views - 1818 Wednesday, 17 July 2019 00:18

Private tertiary education companyAPIIT Lankahas been bought by BG Investments Ltd. from EkuitiNasionalBhd (Ekuinas), a Malaysian Government-linked private equity firm, and Expolanka Holdings Plc. The sale was based on an enterprise value of Rs. 1.9


SLTPB-JWT agreement on global PR and advertising to be signed soon

Views - 46 Wednesday, 17 July 2019 00:00

The Sri Lanka Tourism Promotion Bureau (SLTPB) yesterday confirmed that the draft agreement with J.Walter Thompson (JWT) had been finalised and would be signed soon to kick off the much-delayed PR and advertising campaigns. “The draft agreement for


Manufacturing, services sectors show recovery in June: PMI

Views - 114 Wednesday, 17 July 2019 00:00

Services and Manufacturing activities recovered from the Easter Sunday attacks and expanded at a higher rate in June, as per the Central Bank compiled Purchasing Managers’ Index (PMI). Manufacturing activities expanded at a higher rate in June 2019


China’s Sinopec sets up fuel oil unit in Sri Lanka

Views - 394 Wednesday, 17 July 2019 00:00

BEIJING (Reuters): China Petroleum and Chemical Corp, known as Sinopec Corp, has set up a fuel oil company in Sri Lanka as it looks to supply fuel to ships along a major maritime route. The new unit, called Fuel Oil Sri Lanka Co. Ltd., has been regis


Sri Lanka Tourism Alliance to release two reports on rejuvenating sector

Views - 398 Wednesday, 17 July 2019 00:00

By Maleesha Sulthanagoda The Sri Lanka Tourism Alliance, an industry body, has decided to release two reports consisting of actionable steps that can be taken by the private sector in conjunction with the Government to reinvigorate the tourism indus


Bank of Ceylon to raise Rs. 12 b via debentures

Views - 277 Wednesday, 17 July 2019 00:00

Bank of Ceylon has decided to raise Rs. 12 billion via a private placement of debentures. It plans to issue 120 million BASEL III compliant, Tier 2, unlisted, unsecured, subordinated, redeemable debentures with Non-viability write-down features by wa


LOLC sells 62.3% stake in finance company to Singapore subsidiary

Views - 1822 Wednesday, 17 July 2019 00:00

LOLC Holdings Plc has sold a 62.35% stake in its finance company to the Group’s Singapore subsidiary for Rs. 8.89 billion. LOLC said the move was to facilitate an internal restructure of the holding of LOLC Finance Plc.The stake amounting to 2.6 b


Automation has doubled in global manufacturing

Views - 175 Wednesday, 17 July 2019 00:00

WASHINGTON (AFP): The use of robots in US manufacturing has more than tripled over the two decades, and has doubled in the rest of the world, replacing certain categories of worker, according to a report published Monday. As of 2017, automation in t


EU-Sri Lanka hold informal counterterrorism dialogue

Views - 177 Tuesday, 16 July 2019 00:45

The European Union (EU) and Sri Lanka yesterday held an informal counterterrorism dialogue, which included a support package worth 8.5 million euros focused on law enforcement, rehabilitation and online radicalisation. The talks were chaired on the E


Ravi K slams Finance Ministry for not releasing CEB funds

Views - 469 Tuesday, 16 July 2019 00:44

Energy and Business Development Minister Ravi Karunanayake yesterday criticised the Finance Ministry for not releasing Rs. 81 billion due to the Ceylon Electricity Board (CEB) so it could settle dues to the Ceylon Petroleum Corporation (CPC). The En


EC says possible to hold PC polls

Views - 122 Tuesday, 16 July 2019 00:41

The Provincial Council (PC) elections can be held before 15 October if President Maithripala Sirisena issues the Gazette on the the delimitation report, or if the Supreme Court determines that the old electoral system is valid, the Chairman of the El


Global markets waver as Chinese economy slows

Views - 81 Tuesday, 16 July 2019 00:40

LONDON, AFP: World stock markets wavered Monday on news that China’s economy grew at its weakest pace in nearly three decades, hit by the US trade war. London’s benchmark FTSE 100 index added 0.2% and Frankfurt’s DAX 30 rose 0.3% but the Paris


Port City Colombo to be formally absorbed into Colombo District

Views - 688 Tuesday, 16 July 2019 00:40

By Chandani Kirinde The Government is set to move a resolution in Parliament next week to alter the limits of the Administrative District of Colombo by the inclusion of the reclaimed area of land known as ‘Port City Colombo’. The resolution wil


Stock market gains to near 3-month high as foreign inflows surge; rupee slips

Views - 324 Tuesday, 16 July 2019 00:39

REUTERS: Shares gained for the fifth straight session on Monday to hit a nearly three-month closing high, as foreign fund inflows hit a more than seven-year high due to a block deal, while the rupee ended marginally lower. Foreign inflows hit their


Chandra fumes over scaling back of tourism support by banks

Views - 647 Monday, 15 July 2019 02:08

Veteran hotelier Chandra Wickramasinghe yesterday expressed concern over the scaling down of the banks moratorium and working capital support to the Easter Sunday terror-hit industry.


Colombo considers green living

Views - 1715 Monday, 15 July 2019 02:04

Colombo’s first-ever open street concept day saw residents reclaiming their streets from Green Path to Independence Avenue on foot, bicycle, skateboard and rollerblades. Jointly organised by Colombo Municipal Council (CMC) and The Embassy of the Ki


Musicians, private sector and civil society unite for ‘21/4 We Care’

Views - 509 Monday, 15 July 2019 02:03

Musicians, private sector and the civil society united on Saturday in solidarity for the victims of the Easter Sunday attacks via the ‘21/4’ Tribute Concert at the BMICH. Over 20 musicians performed and enthralled a packed house during the show w


Sri Lanka keen on enhancing connectivity with Indian ports

Views - 295 Monday, 15 July 2019 02:02

THE Hindu:The Sri Lanka Ports Authority (SLPA) is keen on enhancing connectivity with Indian ports using ferry services to facilitate easier trade and tourism, its chairman Kavan Ratnayaka said. “If the two countries can set up a ferry service conn


Abolishing death penalty is a victory for drug traffickers, criminals: President

Views - 149 Monday, 15 July 2019 01:59

President Maithripala Sirisena says the day a bill to abolish the death penalty is brought to Parliament, handing over the country to the drug traffickers, underworld and rapists, will be a day of national mourning. President Sirisena made this obser


Capitalising on increased interest by Aussie tourists

Views - 205 Monday, 15 July 2019 00:00

A team of 18 Australian travel and tour operators arrived in Sri Lanka on a 10-day long familiarisation tour hosted by the Sri Lanka Tourism Promotion Bureau (SLTPB). Tourist arrivals from Australia have shown a steady incline in recent months and i


SLFFA’s new Chairman Roshan shows way forward for freight, logistics industry

Views - 446 Monday, 15 July 2019 00:00

I am humbled and privileged to stand here before you today, as your newly elected Chairman. I am honoured to join a very distinguished group of people whom I admire, and who have steered this association to greater heights. Before we aspire to the f


England win World Cup in Super Over after incredible tie

Views - 65 Monday, 15 July 2019 00:00

LONDON (Reuters): England won the Cricket World Cup for the first time after New Zealand matched their 15 in a Super Over but lost on fewer boundaries scored in the match after an extraordinary final at Lord’s was tied yesterday. England were all


PM will go before PSC

Views - 223 Saturday, 13 July 2019 00:15

Prime Minister Ranil Wickremesinghe yesterday said he will go before the Parliamentary Select Committee (PSC) as it is a legal process that aims to promote national security, and failing to do so would be an “unpatriotic act”. Releasing a specia


Public buses and trains to be available on Google Maps

Views - 1381 Saturday, 13 July 2019 00:10

The Transportation and Civil Aviation Ministry yesterday said it had started the process of upgrading Google Maps to show public transportation services as a part of Google Transit and it would be available for use in Google Maps covering the Western


John outlines numerous initiatives taken to develop tourist hotspots

Views - 501 Saturday, 13 July 2019 00:10

The Government has taken a number of new initiatives to develop tourist hotspots in the country to facilitate and encourage more tourists to visit Sri Lanka. Tourism Development and Wildlife Minister John Amaratunga this week outlined that the new f


Today's Columnists

Difference between a woman and a man (yin and yang) and finding solutions to violence in society

Thursday, 18 July 2019

This is not at all a philosophical discourse on gender differences, or the complementary roles of yin and yang (women and men) in social or biological formation. This is also not to speak about who is superior among the two. This is just an observati


I wish Sajith Premadasa had taken up a challenging ministry to showcase his prowess

Thursday, 18 July 2019

Expectations, father and son Sajith Premadasa has put his hands up for leadership in the party and for nomination by the United National Party in the forthcoming presidential elections. I wish Sajith had tested himself, and had given the public a cha


Foreign Affairs and Defence to be one portfolio?

Thursday, 18 July 2019

Unless we are all suffering from dementia, the last experience with a foreign military on our soil should be very clear in our heads. The Indian Peace Keeping Force landed in Sri Lanka to supposedly bring peace to the war-torn country when the LTTE t


Federer lessons for Sri Lanka tourism

Thursday, 18 July 2019

The Wimbledon Men’s Final in 2008 was termed as the best match the world has seen between the two arch rivals Federer and Nadal. But, what we saw last Sunday between the two of them after 11 years sure shocked the world. Many just asked the questio


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