Author: Jayantha Kovilagodage
Sri Lanka Arpico Insurance taps life
Jan 12, 2011 (LBO) – Sri Lanka’s Arpico Insurance, a start-up insurer, is planning to capitalize on the island’s relatively untapped life sector which is less competitive than general insurance, officials said. Richard Pieris was also planning to expand its financial services sector by moving into leasing and finance, officials said. It was already involved […]
Tower Tale
Jan 10, 2012 (LBO) – Sri Lanka’s telecommunications regulator has drawn up a new policy that will regulate construction and use of transmission towers by mobile phone companies and radio and television stations. A national policy on telecommunications transmission towers was required with growing competition among mobile phone providers who have put up their own […]
Sri Lanka to assess internet, IT use in post-war census
Jan 04, 2012 (LBO) – Sri Lanka will collect information about areas like internet access in the first nation-wide household and population census to be conducted in over 30 years, an official said. A 30-year war ended in 2009 allowing the statistics office to conduct a nation-wide census. The census which is to conducted from […]
Sri Lanka islet eyed by India firm
Dec 27, 2011 (LBO) – Delta Corporation, an India based firm, is in talks with Sri Lanka for 75 million dollar tourism development in an islet off the northwestern coast of the island, an official familiar with the matter said. Officials have said that 185 project proposals worth 1.85 billion US dollars have been received […]
Sri Lanka islet eyed by Canada firm for US$300mn leisure project
Dec 25, 2011 (LBO) – Sri Lanka is in talks with Sapphire Bay, a Canadian based leisure firm to develop an islet off the northwestern coast of the island in a 300 million dollar investment golf course and hotel development. Arrivals in the 11 months to November 2011 rose 33.1 percent from a year earlier, […]
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Dec 07, 2011 (LBO) – Sri Lanka’s state-run water supply agency has found about 15,000 suspected points where water is stolen in the island’s capital Colombo where 48 percent of the supplied water brings no revenue, an official said. About 30 percent of Sri Lanka’s Water Supply and Drainage Board is ‘non-revenue’ water but in […]
Sri Lanka east coast hotels planned by Hemas, Minor International
Nov 27, 2011 (LBO) – Thailand’s Minor International is to build more hotels in Sri Lanka in partnership with the island’s Hemas group and plans to re-open two existing properties after refurbishment and rebranding, officials said. Minor International’s Rajakarier said the Kani Lanka hotel in Kalutara, 80 percent owned by Minor and the balance by […]
Sri Lanka, Thai hotel venture to build beach property
Nov 25, 2011 (LBO) – Thailand’s Minor International is to build a 160-room beach hotel on Sri Lanka’s south-west coast in a partnership with the island’s Hemas Holdings group at a cost of 25 million US dollars. Abbas Esufally, group director of Hemas Holdings, said Minor group which operates hotels under the Avani and Anantara […]
Sri Lanka tourist arrivals to hit target ahead of schedule
Nov 24, 2011 (LBO) – Tourist arrivals to Sri Lanka have been growing faster than expected and the island expects to achieve its original target of attracting 750,000 tourists for the 2011 year later on Thursday. In the nine months to September 2011, total arrivals rose 34.3 percent to 598,006, official data showed. Tourist arrivals […]
Sri Lanka land to Sheraton after Chinese deal cancelled
Nov 09, 2011 (LBO) – Global hotel chain Sheraton is looking to acquire a plot of prime property in the Sri Lankan capital whose sale without tender to a Chinese defence contractor was cancelled by government last month. “The government valuer is now valuing the land.” CATIC had been offered and had looked at different […]
Sri Lanka tribal recipes to entice tourists
Sept 23, 2011 (LBO) – A well-known Sri Lankan chef is to offer food made according to exotic recipes of the island’s indigenous ‘veddah’ community to entice tourists during forthcoming celebrations to mark World Tourism Day. Sri Lanka is experiencing a boom in tourist arrivals after the end of the island’s 30-year ethnic war in […]
Sri Lanka lures youth for skills gap in booming tourist trade
Sept 21, 2011 (LBO) – Sri Lanka is to launch a campaign to educate youth of opportunities in the booming tourist industry where a skilled labour shortage looms with an influx of visitors after the end of a war. Last year 950 million people visited globally countries that were not native to them, he said, […]