Sri Lanka’s rank in ‘Doing Business Index 2012’ improves greatly

According to the ‘Doing Business 2012’ report published by the World Bank, Sri Lanka’s overall ranking in the ‘Doing Business Index had risen by nine places from a ranking of 98 in 2011 to a ranking of 89th in 2012 from a universe of 183 economies said Vidya Nathaniel and Janeen Fernando of Verité‚ Research.

Full Story

Deeper jobs recession ahead, ILO warns of more social unrest

In a grim analysis issued on the eve of the G20 leaders summit, the ILO says the global economy is on the verge of a new and deeper jobs recession that will further delay the global economic recovery and may ignite more social unrest in scores of countries.

Full Story

Tourism, a boost to GDP

Tourism not only contributes a large part to the GDP, but also generates significant indirect revenue. The direct contribution of the hospitality and tourism industry to world GDP is 9.0 percent and the indirect contribution is 2.8 percent, Tourism and Hospitality Confederation (CTH) General Manager Ian Pack said.

Full Story

Heli Tours to add 16 helicopters to fleet

By the end of next year, 16 helicopters will be added to the fleet of aircraft of Heli Tours (Pvt) Limited, said Squadron Leader Rasanga de Zoysa, Officer in charge of the Charter Flights of Heli Tours (Pvt) Ltd. These helicopters brought for passenger transport will include fourteen MI17s with 20-seater capacity and two Bell412 helicopters.

Full Story