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Tourism achieves $ 4.4 bn revenue target for 2018


Sri Lanka has earned over 4 billion U.S. dollars from tourism last year with steadily increased revenue of 11.6% compared to 2017, Sri Lanka Tourism Development Authority stated in a press release.

The data suggests that an average duration of stay per person is 11 days in Sri Lanka while average daily expenditure is 174 U.S dollars accounting to approximately 2000 U.S dollars during their entire stay.

The industry expectations for 2019 are 3 million tourist arrivals and revenue of 5 billion U.S dollars with Lonely Planet naming Sri Lanka as the No.1 destination to travel in 2019.

India, China and Britain have managed to remain as the leading markets throughout the year in 2018 as well.


Share prices of most blue chips dip ahead of release of corporate quarterly results

Ahead of the release of quarterly results, share prices of most blue chip companies are tending to drop these days. Due to market speculation, the quarterly results of many blue chip companies, especially in the banking sector, are  likely to c...

Bank of Ceylon Milagiriya branch shifts to new location


Bank of Ceylon’s Milagiriya branch relocated at its new premises recently with the participation of the Bank’s CEO/General Manager-Senarath Bandara and Deputy General Manager Retail Banking Range1 and Range 2- DMLB Dassanayake. Deputy Gener...

Ceylon Chamber releases Outlook Report for 2019

The Ceylon Chamber of Commerce launched its third annual outlook report titled ‘Economy + Sector Review and Outlook 2019’, which contains insights on the key trends, risks and prospects of both the local and global economy as well as high-l...

Corporate governance framework for insurers

The Insurance Regulatory Commission of Sri Lanka (IRCSL) has issued guidelines on Corporate Governance to the industry effective from 01.01.2019.

The framework has been issued with the objective of facilitating effective entrepreneurial and...

Santa Claus brings unprecedented cheer via BeyondWealth; a rollicking season for doctors


Doctors are getting a bushel load from Santa this season of good cheer, and the bonanza is Beyond Wealth’s Professional Investment Services for doctors working hard for their money. Doctors being busy professionals, have little or no time to know...

ODEL opens ‘Luv SL Treasures’ outlet at Shangri La, Colombo


‘Luv SL’ -- ODEL’s tribute brand that celebrates Sri Lankan creative expression through merchandise, has opened an outlet at the Shangri La Hotel in Colombo, offering visitors a select range of high quality souvenir products truly ...

Jaffna International Trade Fair begins this week


The Jaffna International Trade Fair, the multi-faceted gateway to the North, will bring together some of Sri Lanka’s favorite brands and services. The wide range of products for sale and display will give an opportunity for all stakeholders to...

Feeding 9 million mouths by 2030: are we ready?


Under the proposed Sri Lanka Development Policy Framework’s Megapolis project, the Western region will have an estimated population of 9 million by the year 2030. Whilst focusing on building the infrastructure, planning and policy making, it is a...

"Meeting the Challenges of the ‘VUCA’ World"

VUCA is an acronym that stands for Volatility, Uncertainty, Complexity and Ambiguity, a combination of qualities that, taken together, characterize the nature of some difficult conditions and situations, of the external environme...

‘Thai Sumeda’ receives multiple awards


Thai Sumeda (Pvt) Limited, which has been engaging in the production and distribution of high quality incense sticks for a period of 30 years securing the respect of local and international communities alike, received the dual awards ‘Janabhim...

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