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| Sunday, 8 December 2002 |
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Business |  |
| News Business Features Editorial
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Newsmaker of the Week : Udaya Nanayakkara Travel and tourism industry veteran Udaya Nanayakkara, the Founder President of the Sri Lanka Association of Travel and Tourism (SLATT), was appointed Chairman of the Pramuka Bank last week. The appointment followed a Pramuka Board meeting where Nanayakkara, a Director of the Bank, was unanimously voted Chairman to succeed Rohan Perera, who voluntarily stepped down. Nanayakkara, known for his crisis management abilities and strategic planning, has been associated in bailing out Sri Lanka's travel and tourism industry in the aftermath of the July 24, 2001 incident at the Bandaranaike International Airport and the September 11, 2001 attack on the US which brought the tourism industry to a virtual halt. He, together with other key industry personnel, was responsible for launching extensive counter-campaigns in regional tourism generating markets especially India, for both general and MICE tourism, to lobby support and sustain some stability during the crisis period. Nanayakkara is also the Vice President of the United Federation Travel Agents. SLATT, Sri Lanka's newest tourism and travel association, was established to unite the industry under one umbrella and help the Government in its tourism promotion and development policies. Five-year old Pramuka, which operated within Colombo, had deposits and cash worth Rs. 3.5 billion when it was suspended on October 25 by the Central Bank due to being deemed 'illiquid and insolvent'. "Pramuka Bank can be turned around and brought out of the present crisis. My priority is to work closely with the Central Bank to bring the bank out of its present predicament. Every endeavour will be taken to safeguard the interests of the depositors, shareholders, customers and staff," Nanayakkara said. |
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