Category: Industry
Hilton Hotel sale may take time
The Sri Lankan government’s majority stake sale in Hotel Developers (Lanka) Ltd. is unlikely to go through soon as had been expected earlier, an official at the government’s privatization body said Friday. The Sri Lankan government’s majority stake sale in Hotel Developers (Lanka) Ltd. is unlikely to go through soon as had been expected earlier, […]
Banking Miracle
Newly renamed Pan Asia bank said they plan to get a listing on the Colombo Stock Exchange next month and raise new capital next year. Newly renamed Pan Asia bank said they plan to get a listing on the Colombo Stock Exchange next month and raise new capital next year. Pan Asia now called PABC […]
Speed Cheques
Sampath Bank has started using image clearing technology to process cheques even before Sri Lanka’s national cheque clearing centre, Lanka Clear is ready to move into cheque truncation. Sampath Bank has started using image clearing technology to process cheques even before Sri Lanka’s national cheque clearing centre, Lanka Clear is ready to move into cheque […]
Hospitality industry injects US$ 150 mn to spruce up properties and re-open unused rooms, as Sri Lanka rolls out the carpet to greet 570,000 tourists
Local hoteliers are injecting over US$ 150 mn to spruce up 10,000 unused hotel rooms, as the tourist industry kits up to greet a record 570,000 visitors this season, following 2½ years of ceasefire.Local hoteliers are injecting over US$ 150 mn to spruce up 10,000 unused hotel rooms, as the tourist industry kits up to […]
Saline Drip
Sri Lanka’s slow moving donor funded projects, will be fast tracked through a high powered cabinet subcommittee chaired by the President, Cabinet Spokesman said Thursday. Sri Lanka’s slow moving donor funded projects, will be fast tracked through a high powered cabinet subcommittee chaired by the President, Cabinet Spokesman said Thursday. Sri Lanka is expecting some […]
A flock of avid bird lovers map Sri Lanka’s rich feathered life.
A flock of avid bird lovers in Sri Lanka is busting its feathers in a bid to map Sri Lanka’s bird colonies and preserve its assorted bird life.A flock of avid bird lovers in Sri Lanka is busting its feathers in a bid to map Sri Lanka’s bird colonies and preserve its assorted bird life. […]
Bus Tickets
The transport ministry will auction 100 school bus franchises in January, to operate a subsidised service for students in Colombo.The transport ministry will auction 100 school bus franchises in January, to operate a subsidised service for students in Colombo. The pilot project will test the waters for auctioning all route permits, under the Ministry’s long […]
Connaissance links up with Maldives Per Aquum to manage its new Dutch style boutique resort
The Connaissance Group tied up with Maldivian luxury hotel and spa managers Per Aquum on Thursday, to take over management of its new boutique hotel, Fortress Resorts.The Connaissance Group tied up with Maldivian luxury hotel and spa managers Per Aquum on Thursday, to take over management of its new boutique hotel, Fortress Resorts. The team […]
Sri Lanka plans to lure top dollar eco-tourist lovers to feast on its 26 species of whales currently sunbathing around its coastal belt
Sri Lanka plans to lure top dollar eco-tourist lovers to feast on its 26 species of whales currently sunbathing around its coastal belt.Sri Lanka plans to lure top dollar eco-tourist lovers to feast on its 26 species of whales currently sunbathing around its coastal belt. The country plays host to the blue whale – currently […]
‘s rich feathered life.
A flock of avid bird lovers in Sri Lanka is busting its feathers in a bid to map Sri Lanka’s bird colonies and preserve its assorted bird life.A flock of avid bird lovers in Sri Lanka is busting its feathers in a bid to map Sri Lanka’s bird colonies and preserve its assorted bird life. […]
Take it Back
The JVP lead Inter-Company Employees Union want Sathosa returned to the people after less than a year under private management.The JVP lead Inter-Company Employees Union want Sathosa returned to the people after less than a year under private management. “Take it back, take it back,” chorused the Sathosa branch of the Inter-Company Employees Union brandishing […]
Teaching Aid
Nearly 70 percent of unemployment in Sri Lanka is in the age group of 14 to 25 years, indicating that schools are not preparing students for work, says the Asian Development Bank (ADB).Nearly 70 percent of unemployment in Sri Lanka is in the age group of 14 to 25 years, indicating that schools are not […]