Kingsbury Hotel opens
Hayleys invests over US$18 mn:
The former Intercontinental Hotel, opened its
doors as The Kingsbury, having undergone a major refurbishment,
backed by the Haleys Group of Companies, the country's most
diversified conglomerate. President Mahinda Rajapaksa yesterday,
opened the The Kingsbury, the most modern luxurious hotel in the
heart of the Colombo city, delivering a high level of hospitality
and services that would delight the discerning traveller.
‘Women labour force participation low in Lanka’
The labour force participation rate of women in
Sri Lanka, has not only been low, but had fallen from 35.7 per cent
in 2006 to 32.1 percent in 2010. This was revealed at a workshop
organized by the ILO on Participation of women in the Sri Lankan
labour force, which was held at the Galadari Hotel yesterday.
Addressing the gathering, Director General, Employers Federation of
Ceylon (EFC) Ravi Peiris, said there was plenty of potential in the
BPO sector of the country, but the restrictions on night work in
respect of women, had to be relaxed in order to open more
opportunities for investors.
‘Underutilized lands help drop in coconut yields’
The Sri Lankan Coconut Cultivation Board (CCB),
said that one of the reasons for the drop in coconut yields, was due
to coconut lands being underutilized and the numbers of trees
required for an acre being below the standard rate. At one time, Sri
Lanka was one of the leading coconut exporters in the region, which
exported coconuts to many European and Asian markets, but had now
lost its position due to manifold reasons.
'South Asian countries suffer from high lead time'
The South Asian Textiles and Clothing Industry
was originated to the global market and exporters should have access
to supplies of raw material at world prices, United Nations
Conference on Trade and Development (UNCTAD), said in a report.