Tourism will be highest foreign exchange earner in 2020

The Finance Minister has agreed not to impose any taxes any further on the Tourism Industry, disclosed Tourism Minister.  And the government will also explore the possibility to provide duty free concessions in the direction of refurbishment of old hotels.

The minister also stated to media that he instructed to Sri Lanka Institute of Tourism & Hotel Management to double up the intake of students and train them to cater to the increase of rooms by 45,000. And increase the emoluments of his staff in order to absorb quality staff even from abroad.

Hoteliers must help to fill in the void by coming up with their own training programmes to get out of this difficulty, the Minister insisted. “In house training is what matters not at the classroom. That is where you can come in and contribute to the development of trained staff in the hotel industry,” the Minister cautioned.

He further state that there were new trends in tourism with the development of religious tourism, agriculture tourism and medical tourism in which Sri Lanka can make inroads. The Minister said a foreign company had expressed their willingness to fund a huge convention center in Sri Lanka which could host 5,000 delegates. He said the Japanese were going to take over the entire development of Trincomalee and in Hambantota, the Chinese are asking for 15,000 acres to set up their enterprises.

By 2020 the Tourist Industry could be able to bring the highest amount of foreign exchange to Sri Lanka.

Malaysia Visa Center relocated to Colombo 3

Foshwa Lanka (PVT) LTD a Malaysian Visa Centre has relocated to the below address from world trade center.

Foshwa Lanka (PVT) LTD

No. 321, 4/1 Lakshmans Building,

Galle Road

Colombo03

India’s $10 billion gap in foreign exchange may put rupee under pressure

The Indian banking system has left a $10-billion position unhedged amid foreign exchange deposit redemptions, making the rupee vulnerable to a sudden depreciation in the next few months.

On the other hand, such a drop would act as a booster for exports and possibly narrow the trade deficit although imports of oil and other commodities would become costlier, said experts, some of whom suggested the gap may have deliberately been left uncovered.

Three years after the Reserve Bank of India sought to shore up the rupee through foreign currency nonresident-bank (FCNR-B) deposits, the country is bracing for an outflow as these get redeemed. The rupee was at 66.72 a dollar on Friday.

Experts baffled by RBI move, The Indian currency was at 66.68 a dollar a week back and may weaken to 67.50-68.00 a dollar by December, dealers said.

According to a note prepared by one of India’s top private sector banks, there’s a $9.5-billion gap between $22.4 billion of FCNR-B maturities and $12.9 billion of forward contracts for October and November.

“There is high possibility of a systemic rupee depreciation in the coming months on account of FCNR-B outflows,” said KN Dey, executive director at Mecklai Financial. “The rupee has been steady for almost 10 months and a fall will boost exports and in turn, reduce trade deficit.”

Export push, A fall in the rupee should make Indian goods more competitive in the global market. Indian exports revived in September to grow 4.62 per cent on year to $22.8 billion with 18 of 30 exporting sectors showing growth.

This was the second instance of growth this year after June when exports rose 1.27 per cent after declining 18 months in a row. With a 2.5 per cent fall in imports to $31.2 billion, the trade deficit stood at $8.33 billion in September.

The hedging shortfall will generate dollar demand in excess of what flows in regularly via overseas investments and non-resident deposits, said a senior bank executive.

The rupee, therefore, is likely to come under pressure, having remained in a tight band since January despite the Chinese devaluation.

Citing RBI data for August end, the bank report cited above said forward long contracts for September were worth $2.9 billion against $2.1 billion in FCNR-B repayments, but those in October-November are at $12.9 billion against $22.4 billion of maturing deposits. For December and beyond, forward longs stood at $13.3 billion versus $2.3 billion in repayments.

(~ News – BBC~)

Tesla, Panasonic to collaborate on solar cells production

Tesla Motors said it would collaborate with Japan’s Panasonic Corp to manufacture solar cells and modules in New York. Under the agreement, which is a nonbinding letter of intent, Tesla said it will use the cells and modules in a solar energy system that will work seamlessly with its energy storage products Powerwall and Power-pack. The Japanese company is already working with the U.S. automaker to supply batteries for the Model 3, its first mass-market car.

Panasonic is expected to begin production at the Buffalo facility in 2017 and Tesla intends to provide a long-term purchase commitment for those cells, Tesla said in a statement, adding the agreement is contingent on shareholders’ approval of its acquisition of SolarCity. Last week Tesla and SolarCity Corp shareholders agreed to vote on the proposed merger on Nov. 17, and the automaker said it would provide plans for the combined company ahead of the vote.

~NEWS~

New Cigarette Prices in Sri Lanka

After the recent tax impose into a tobacco products the Ceylon Tobacoo Company announces their new places as below,

Brand Price per cigarette Price per 12’s Price per 20’s
Dunhill Switch Rs. 45/-   Rs. 900/-
Dunhill Blue (Dunhill Tube Filter Blue) Rs. 45/-   Rs. 900/-
Dunhill Grey (Dunhill Tube Filter Grey) Rs. 45/-   Rs. 900/-
Benson & Hedges Rs. 45/-   Rs. 900/-
John Player Gold Leaf Click Rs. 43/-   Rs. 860/-
John Player Gold Leaf Special Rs. 42/-   Rs. 840/-
john Player Gold Leaf Rs. 42/- Rs. 504/- Rs. 840/-
Bristol Original Rs. 28/-   Rs. 560/-
Bristol Gold (Limited edition) Rs. 30/-   Rs. 600/-
Capstan Rs. 20/-   Rs. 400/-

For more details see below image

New Cigarette Prices in Sri Lanka
New Cigarette Prices in Sri Lanka

If you child preferring to be alone, please read this.

 

If you child preferring to be alone, please read this.
If you child preferring to be alone, please read this.

If you spot the difference in above photographs and if your child does not enjoy affection, preferring to be alone, it could be a sign of Autism. Autism is a brain developmental disorder that can be successfully managed if identified at an early age.

Therefore please don’t ignore at the initial state please do call our helpline on 0117 49 00 00

Dialog looking forward industry related investment in future

Axiata Group Berhad Malaysia is looking at aggressively investment in addition to mobile and data communication and want to get involved in setting up of a payment gateway, 5G, smart metering, IOT (Internet of Things) and other similar services, tracking of transport via GPS and other means too is an area we are looking at pursuing.

the official further stated that they will like to get involved in the Port City project as well. Commenting on the investments to Sri Lanka Nawawi said they have invested over USS 2 billion in their 21 years in Sri Lanka. “Our investment budget for 2016/2017 to Sri Lanka is around USS 175 million.”

To date Axiata Group Berhad Malaysia is the biggest Foreign Direct investor to Sri Lanka. “Its 9.4% of the total FDl’s received by Sri Lanka and we are very proud about it. We have a permanent staff of 3,200 as well.” He recalled that Dialog started their business as the fourth telecom operator in 1995 and in four years moved to the top slot which we are maintaining till now.

News

Dialog Axiata looking forward for a acquisitions in Sri lanka

Axiata Group Berhad Malaysia Chief Corporate Officer, Idham Nawawi said, Axiata is keeping our options open with regard to acquiring of another mobile operator in Sri Lanka, he further said he strongly believes a country like Sri Lanka should have only three players instead of five. And Axiata looking forward a good offer to take over a company.

Further he stated that the Axiata Group is closing on a deal to acquire Indian based Bharti Airtel In Bangladesh and thought of entering to Nepal and Philippines if there is a good proposition. But it doesn’t have an idea of entering to china and compete with China mobile which is largest in the world.

Sakurai Aviation Limited – A New Aviation Company coming up in Sri Lanka

Civil Aviation Authority of Sri Lanka stated to public that they received an application dated 05th July 2016 from Sakurai Aviation Limited, at No. 121/3, Kirulapone Avenue, Colombo 05, seeking from this office an Air Operator Certificate/Airline License to engage in Domestic Scheduled Operations, Charter Operations and Aerial Work to engage in Domestic Operations in pursuance of the Air Navigation Regulations of 1955. Business name of the company has been registered as Sakurai Aviation Limited and the trade name as “Sakurai Aviation Limited” The Directors of the Sakurai Aviation Limited are declared to be as follows.

  1. Mr. Malape Gama Ethi Rallalage Asanga Prabath Yasawardana
  2. Mr. Hapuarachchige Don Nimal Jayantha
  3. Mr. Warnakulasuriya Rushan Malinda Fernando

Sakurai Aviation Limited has nominated Mr. Tharnaga Sarathchandra Piyawansa to be the Accountable Manager in charge of the proposed operations of air services.

For more details see below image

Sakurai Aviation Limited – A New Aviation Company coming up in Sri Lanka
Sakurai Aviation Limited – A New Aviation Company coming up in Sri Lanka

Browns Group Starts Browns Hospital at Ragama

Browns Hospital is the latest venture of Brown & Company PLC, the first one established in a chain of secondary care general hospitals and diagnostic centres to deliver high quality care through comprehensive, integrated clinical practice and personalized care, to every patient, who walks through our doors. Armed with the strong family brand name of ‘Browns’, this hospital attempts to reach rural and urban citizens in Sri Lanka to deliver innovative and patient-centric solutions.

The fully fledged multi-specialty general hospital is equipped with the latest medical diagnostic technology, including modern CT and MRI scanning, and advanced medical and surgical therapeutic technology.

The medical team comprises of highly qualified and recognized visiting consultants in all specialties and in-house doctors as well as top-notch nursing care. Experienced and qualified nurses hailing from both the government and private sector will make up the nursing cadre at Browns Hospital.

Address

Browns Hospitals,

No 43, Mahabage Road,

Ragama, Sri Lanka.

Telephone

011 5 100 000

Email

customercarebh@brownsgroup.com

for more detail contact to Browns Hospital on 0115100 000 or see below image

Browns Group Starts Browns Hospital at Ragama
Browns Group Starts Browns Hospital at Ragama

How to check my name in Voters list or not? Check now on Online

The Department of Elections has made a new facility to check your eligibility of vote by online, Yes for the first time in Sri Lanka you can check whether your name is in voters list or not. If your name is not in list you can report a complain online and rectified your voting rights too.

it’s a great facility for you to get to know is your name correctly recorded in voters list or check out is your name has been registered in wrong location.

This facility available only on http://eservices.elections.gov.lk/

How to check my name in Voters list or not Check now on Online
How to check my name in Voters list or not Check now on Online

Mihin Lanka Comes to END by 30th October 2016

Sri Lankan Airlines announces that Sri Lankan Airline will be operating to all Mihin Lanka destinations from 30th October 2016

Sri lankan Airlines requested refer to the following guidelines with regard to any existing or future bookings with Mihin Lanka. When making a booking or an amendment:

Any passenger who wishes to making a new booking please log on to www.srilankan.com

All passengers holding Mihin Lanka tickets both inbound and outbound with travel dates on or before the 30th October 2016, you may continue to make their bookings on www.mihinlanka.com or www.srilankan.com

After 30th October 2016 all passengers are requested to make their bookings/amendments by logging on to www.srilankan.com or by calling its 24hour global contact center on 1979 for further assistance.

No more Mullaithivu War Museum

All the war apparatus of the LTTE displayed in the Mullaithivu war museum had been removed from there by today.  This war Museum were located in Mullaithivu and displayed fighter boats manufactured by the LTTE and also their heavy weapons other than the weapons seized from the army.

In recent times the fighter boats were gradually removed while all the war apparatus had been removed now and the area was completely demolished.

Source: News

Cigarette Prices go up by another Rs. 5/- sooner

Health Minister stated to the media that a Cabinet paper proposing to increase the price of a cigarette by Rs. 5 and the VAT on cigarettes upto 15% would be presented to Cabinet sooner.

It is learn that the Cabinet sub-committee that had been appointed to implement a proposal to increase the tax levy on tobacco companies to 90 per cent had recommended that the price of a cigarette be put up by Rs 5 and to increase VAT levy on cigarettes to 15%.

Solar Power and Wind Power replace Coal Power Plant in Sampur – Secretary to the Ministry of Power and Renewable Energy

The Secretary to the Ministry of Power and Renewable Energy stated to the media that President Maithripala Sirisena had held talks with Indian Prime Minister Narendra Modi, and together they had agreed to put a stop to the construction of the project in Sampur. Subsequently, the Indian government had extended willingness for a wind power plant instead of a Coal Power Plant in Sampur.

And the villagers in Sampur stated to the media that they were not against the setting up of a solar power plant or a wind operated power plant instead of the proposed coal power plant which was recently ordered to be stopped owing to environmental concerns. And they further stated that they believed that setting up a solar power plant or a wind power plant would not have a negative impact on the environment that a coal power plant would have had, just because they were opposed to the coal power plant coming up in Sampur, they were not against the development projects carried out by the government.

It’s a good movement by the government of srilanka to looking forward with renewable energy options than the coal power plant options. But the huge question ahead is how government is going to solve energy requirement of country in long run.

5021 Teachers Vacancies from 1108 schools in Eastern Province of Sri Lanka

EPC Chief Minister Ahamed Nazeer Zainulabdeen said that there were 5,021 teacher vacancies for 1,108 schools in the Eastern Province at present. There are 1,530 teaching vacancies for Mathematics, Science and English, he said.

He further said he hope to appoint 390 teachers to teach Mathematics, Science and English. And try his level best to fill up the remaining vacancies within the educational budget of Rs. 7.5 Billions which allocated for Eastern Province education.

How many Three Wheelers in Sri Lanka?

It is everyone’s question that how many Three-wheelers are in Sri Lanka? the answer is 1.06 Million (1,062,447) as now (Year 2016).

In Sri Lanka total automobile are 6.3 Million, of which 3.3 Millions are Motor cycles and 1.06 millions of three wheelers. The motor Traffic department stated that around 4.3 Million out of 6.3 Million vehicles are always on the move.

Due to the gradual increment of tricycles registrations in Sri Lanka; Ministry of transport launched a programme to provide special licensees for three wheeler taxis along with proper training in road discipline, accident prevention and first aid.

Technological city Project Launched at Pitipanna, Homagama

The laying of the foundation stones for the first stage of the technological city planned under the Western Megapolis Project and the opening of the Nano Investigation Laboratory took place under the patronage of Prime Minister Ranil Wickremesinghe at Pitipana, Homagama.

Foundation stones were laid for five technological centres including a national science centre, a satellite centre and technological universities.

Moratuwa and Sri Jayawardenapura Universities and the Arthur C. Clarke Centre are scheduled to launch science and technology projects affiliated to the proposed National Science Centre.

The Urban Development Authority will provide 25 acres each for building the three universities and 10 acres each to the other technological institutes.

The Sri Jayewardenepura University will invest Rs. 7,500 million, Colombo University Rs. 2,096 million, Science and Technology Ministry Rs. 3,000 million and the Sir Arthur C. Clarke Centre will invest Rs. 1,700 million during the first stage.

A total of 1,000 acres have been allocated for the Technological City and the UDA is presently involved in the acquisition of land for this purpose.

The land area covered by the entire project is 1,200 acres. It is planned to build a four lane road complex to Uduwana from the Makumbura exchange of the Southern Expressway to facilitate the development of infrastructure facilities at the Technological City.

National Census on Early Childhood Development Centres/ Pre-Schools – July-September 2016

An islandwide census on Early Childhood Development Centres/ Pre-Schools is currently being conducted by the Ministry Of Women and Child Affairs, Project Management Unit, Children’s Secretariat along with the Department Of Census and Statistics.

The census is scheduled to be completed by the 30th September 2016. If an enumerator (data collector) has not visited your ECD Centre / Pre-school, please inquire from the Divisional Secretariat in your area.

For more details and provide information contact to Department of Census and Statistics on 011 2186155,011 2186163 or see below image

National Census on Early Childhood Development Centres/ Pre-Schools - July-September 2016
National Census on Early Childhood Development Centres/ Pre-Schools – July-September 2016

Airport Aviation Service (Sri lanka) Limited takenover BIA ground Handing Service

On a recommendation of the Sub-committee on Economic Affairs, ground handling activities of the Bandaranaike International Airport (BIA) handed over to the Airport and Aviation Services (Sri Lanka) Limited (AASL).

Consequent to this recommendation, all ground handling activities at the BIA, currently performed by SriLankan Airlines, would be transferred to the AASL.

 

Colombo Light Rail Transit Project will starts soon

The Cabinet has approved the proposal by the Megapolis Project to introduce a Light Rail Transit (LRT) system for mass transit in the Western Province. While the long term plan developed by the Megapolis team includes an LRT network of approximately 75kms. The initial investment is to cover around 25kms, connecting Fort, Kollupitiya, Bambalapitiya, Borella, Maradana, Rajagiriya, Battaranmlla and Malabe.

The LRT system is also expected to interconnect with the rail and bus networks to provide part of an integrated solution. The government will looking for financing from Japan for the LRT. The Megapolis transport strategy places a sharp focus on improvement of mass transit. The overall plan includes introduction of a light rail system, electrification of railways, modernisation of the bus transportation system as well as an introduction of canal transport. It also includes the implementation of some immediate measures such as introduction of CCTV monitoring to strengthen enforcement, introduction of staggered working hours, synchronisation of traffic.

Light rail, also referred to as light metro, is a proven I technology used in many countries as the preferred mode of mass transit. It forms the backbone of transport networks in Bangkok, Kuala Lumpur, New Delhi, Calgary, Gold Coast, Dallas, Los Angeles and many other major cities worldwide.

Dr. Indrajit Coomaraswamy Appointed as Governor of Central Bank of Sri Lanka – Brief Introduction about Dr. Indrajit Coomaraswamy

Dr. Indrajit Coomaraswamy
Dr. Indrajit Coomaraswamy

Dr. Indrajit Coomaraswamy has been appointed as Governor of Central Bank of Sri Lanka by President today July 2, 2016.

Brief of Dr. Indrajit Coomaraswamy

Dr. Indrajit Coomaraswamy born April 3, 1950  hails from one of the country’s most respected Tamil families and the son of the iconic diplomat ‘ Roving Raju’, is  one of  Sri Lanka’s best known and most respected economists.

Dr. Indrajit Coomaraswamy, who was also a dashing sportsman having  captained the Sri Lanka and CR & FC rugby teams. In addition, he captained the Harrow School and Emmanuel College, Cambridge cricket XIs. He also played cricket for the Tamil Union C & AC and confesses that of the many hats he has donned, the sportsman’s is what lies closest to his heart. Married to Tara de Fonseka, his two sons Imran and Arjun

Dr Coomaraswamy Educated at the Royal College, Colombo and at Harrow School in England, he gained his undergraduate degree at Cambridge University and obtained his Doctorate at the University of Sussex. Joining the Central Bank of Sri Lanka in 1973 he served in the Economic Research, Statistics and Bank Supervision Divisions as a staff officer till 1989. From 1981 to 1989 he was seconded to the Ministry of Finance and Planning. Thereafter he worked for the Commonwealth Secretariat from 1990–2008, holding the posts of Director, Economic Affairs Division and Deputy-Director, Secretary-General’s Office and was brought back to the Commonwealth Secretariat to head the Social Transformation Programme Division, as Interim Director.

Dr. Coomaraswamy was an independent non-executive director of JKH and Tokyo Cement. He is also associated with several think tanks.