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The third tranche of the International Monetary Fund’s (IMF) US $ 1.5 billion Extended Fund Facility (EFF) would not be delayed in mid-2017 despite Sri Lanka’s inability to meet the foreign reserve targets set by the programme, the country’s Finance Minister Ravi Karunanayake told reporters in Colombo, yesterday.
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Sri Lanka’s gross domestic product (GDP) grew at 5.3 percent in the fourth quarter of 2016 (4Q16) compared to the same period of the previous year and the economic growth rate for the year 2016 was estimated at 4.4 percent, the country’s statistics office said.
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The Colombo Stock Exchange (CSE), in association with the Securities and Exchange Commission of Sri Lanka (SEC), Sri Lankan High Commission in Australia and with the participation of stockbroker firms and unit trust companies, will host a series of ‘Invest Sri Lanka’ forums in Australia and New Zealand (ANZ).
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Almost all the dollars earned by over a million housemaids auctioning their sweat and blood in the Middle East and the dollars spent by around two million tourists annually visiting the country are just getting evaporated as import-dependent Sri Lanka has made a huge hole in its trading basket.
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It is often difficult to find accommodations that provide you with both the comforts and luxuries you want and fit into your budget. This is true specially in Colombo, where the choices are many but would fall short on either the pricing or the accessibility or even in terms of the facilities that are offered to the guests.
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VirtusaPolaris organized a panel discussion on ‘leadership & gender - breaking the norm’ in commemoration of Women’s day to empower women to take charge and achieve their career goals. The moderated discussion, which took place at the VirtusaPolaris auditorium in front of a packed crowd of eager young minds from university and industry, touched upon several challenges faced by women in the workplace.
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Watercare Technologies (Pvt) Ltd, Sri Lanka’s most sought after professional organization providing total water care solutions announced it has been awarded the coveted ISO 14001 certification, hence becoming the first water treatment company in Sri Lanka to achieve international recognition for its environmental management system.
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In a leap forward to augment work-life balance and enhance customer services through a happy workforce, Hatton National Bank (HNB) appointed senior banker Kalum Wijesooriya as its new Chief Employee Experience Officer and Vindhya Wijegunawardane as Customer Experience Officer. The new appointments will ensure differentiation through excellence which the bank considers a crucial and most important element in its value proposition.
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Kiribathgoda has received its own Burger King restaurant, following the opening of the 14th such outlet in Sri Lanka at a prime location in this bustling suburb, by master franchisee Softlogic Restaurants (Pvt) Ltd., a fully-owned subsidiary of Softlogic Holdings PLC.
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Heritage tourism has emerged as one of the most successful types of modern tourism. However, at present the access to information on cultural heritage is limited and scattered. The accuracy and consistency of available information are also concerns.
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The National Chamber of Commerce of Sri Lanka (NCC) will hold a half-day seminar on ‘EPF & ETF’ (English medium) on Thursday, March 23, 2017, from 1:30 p.m. to 4:30 p.m., at the NCC auditorium, No: 450, D.R. Wijewardene Mawatha, Colombo 10.
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No action-packed Sri Lankan adventure is complete without a stay at Laya Leisure in Kukuleganga, Kalutara. Featuring a number of must-have holiday essentials, including an exquisite dining menu, comfortable rooms and a refreshing swimming pool, Laya Leisure additionally offers access to a wide variety of sports and leisure activities, encompassing both the indoors and the outdoors.
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IFS, the global enterprise applications company,announced that Sunshine Healthcare Lanka Ltd, a subsidiary of leading conglomerate Sunshine Holdings PLC, has successfully gone live with IFS Applications 9 following a rapid nine-month implementation project.
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Harpos’ School of Hospitality & Tourism Management Galle branch, now in its 5th year conducts certificate programmes in culinary arts, pastry and bakery, housekeeping and F&B. It awarded certificates to a batch of 14 students last month. The certificates were presented by Managing Director Harpo Gooneratne.
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The Aitken Spence group recently entered into a partnership with France’s DPD Group, the second largest international parcel delivery network in Europe, which is now available in Sri Lanka and the Maldives.
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The Internationale Tourismus Börse (ITB) took place in Berlin, Germany, from 8 to 12 March. As the leading travel trade show, ITB Berlin is the foremost business platform for global touristic offers. In addition to very high exhibitor satisfaction (over 90 percent), the numbers offer more proof.