Connect with us

Business

Envoy discusses promotion of culture, sports and tourism with vice minister of Republic of Korea

Published

on

Vice Minister Kim Jeongbae with Dr. Mendis exchanging gifts after the formal meeting at the Ministry of Culture, Sports and Tourism

Ambassador Dr. A. Saj U. Mendis had a meeting with the Vice Minister of Culture, Sports and Tourism of the Republic of Korea, Kim Jeongbae, who is the second highest political personality in the Ministry of Culture, Sports and Tourism. During the meeting, both the Vice Minister and the Ambassador discussed a multitude of issues ranging from sports such as Taekwondo, Cricket, Soccer, Athletics, Horse Racing and Motor Racing; tourism from the Republic of Korea to Sri Lanka and vice-a-versa and cultural heritage of the two countries, amongst others. The meeting was arranged by the Ambassador of the RoK in Colombo, Santhush Jeong Woonjin.

Dr. Mendis, whilst thanking the Vice Minister, stated that Taekwondo in particular as well as K-Pop, K-food, K-dance and K-dramas are becoming increasingly popular amongst the Sri Lankan populace. Both the Vice Minister and Ambassador agreed that K-Pop and K-movies could be telecast on electronic media of Sri Lanka whilst Sri Lankan movies and tele dramas could be telecast on the electronic media of the RoK, thus further enriching and evolving the cultural relations between the two countries. Dr. Mendis added that both the countries are culturally and historically very well endowed with very long documented histories with majority of the peoples being Buddhists in both the countries.

Ambassador broached that in May of 2021, the famous Korean actress Ms. Lee Young-ae and her company signed an MoU with Sri Lanka Rupavahini Corporation to telecast the Korean tele drama titled “Saimdang” (Memoir of Colors). Both the Vice Minister and Ambassador added that the actress Ms. Lee Young-ae is very popular not only in Korea but in Sri Lanka as well.

Dr. Mendis highlighted that tourism is one of the largest employers and industries in Sri Lanka as well as one of the highest foreign exchange earners of the country. Due to COVID pandemic, the tourism world over has been affected. In 2019, over 28 million Korean nationals have travelled out of the country but only 13,500 Korean nationals have travelled to Sri Lanka. Dr. Mendis added that the endeavor of the Government of Sri Lanka as well as the Sri Lanka Tourism and the Embassy is to attract not 1% of the Korean tourists but at least 0.5%. This number would translate to 140,000 Korean tourists to Sri Lanka or over 10-fold increase of the number of Korean tourists who visited Sri Lanka in 2019. In this context, Ambassador stated that Sri Lanka has been chosen in 2017 and 2018 as amongst the most desired and most sought after touristic destinations in the world by the “Lonely Planet”, “National Geographics”, ‘CNN’ and “BBC Good Foods” amongst others, thus making the country a “Mecca for Tourism”. Dr. Mendis accentuated that Sri Lanka has some of the finest and most pristine beaches, tea gardens, scenic mountains and hill tops, fauna and flora, world class cuisine, outdoor sports activities and natural beauty as no other country as well as a number of UNESCO designated sites, amongst others. Both the Minister and Ambassador agreed that with greater connectivity, tourism and cultural relations could be enhanced and aggrandized, thus mutually benefitting both the countries.



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

U.S. confident SL would ensure required facilitation for U.S. investors

Published

on

Sri Lankan government has pledged to address the pending policy issues and I am confident that once the pandemic subsides, concrete efforts will begin to improve ease of doing business and ensure the required facilitation for US investors, Martin Kelly, Charge d’ Affairs of the Embassy of the United States of America in Sri Lanka said recently speaking at the Sri Lanka Invest Forum 2021 held virtually through June 7-9, 2021

“Sri Lanka was among the first countries in the region to open its economy and offers the highest standards of living among other advanced indicators in South Asia. Over the last seventeen years, the country continued to transition from an agriculture commodity based economy to become world leader in textile and apparel, a major exporter of IT and communication related services and of course a world class destination for international tourists,” he said.

“Promoting trade and investment opportunities is one of the embassy’s top priorities, and a vital component of our efforts to encourage private sector led development and toward stronger ties between the two countries,” he said.

Kelly said that the government of Sri Lanka has promoted pro-business policies including tax benefits, to attract the U.S. and other foreign direct investments.

 

 

Continue Reading

Business

ComBank donates ICU beds to Kegalle Teaching Hospital

Published

on

Commercial Bank Chairman Justice K. Sripavan and Managing Director S. Renganathan with representatives of the Bank and the Kegalle Hospital

The Commercial Bank of Ceylon has donated three Intensive Care Unit (ICU) beds to the Teaching Hospital Kegalle, which receives over 80,000 admissions and 350,000 clinic visits, annually. The donation was made following a request from the hospital and will help it to provide seamless healthcare services to prevent non-pandemic related morbidities and mortalities while also treating patients who are COVID-19 positive.

The CSR Trust of the Bank has already gifted medical equipment and gear including Personal Protection Equipment (PPE) kits, face masks, surgical masks, hand sanitisers, Slit lamps, pulse oximeters, multipara monitors and oxygen concentrators to over 16 government hospitals. Commercial Bank also made a monetary donation to the National COVID-19 Healthcare and Social Security Fund set up by the government last year.

Continue Reading

Business

Trading activity gets slower among retail investors

Published

on

Lankem Ceylon Rights Issue undersubscribed.

By Hiran H.Senewiratne 

Stock trading at the Colombo Stock Exchange (CSE) was marginally positive yesterday and the number of retail investor participation was lower compared to previous trading days. Index heavy LOLC group which accounted for more than 30 percent of the turnover, contributed 20 points to the All Share Price Index, stock market analysts said.

Both indices moved upwards. All Share Price Index was up by 35.75 points and S&P SL20 up by 2.01 points. Turnover stood at Rs 1.74 billion sans a single crossing. In the retail market top six companies that mainly contributed to the turnover were LOLC Rs 510 million (1.28 million shares traded), Expolanka Holdings Rs 197 million (4.1 million shares traded), Melstacorp Rs 137 million (2.6 million shares traded), Browns Investments Rs 71.5 million (11.3 million shares traded), Windforce Rs 68.2 million (3.5 million shares traded) and Hayleys Holdings Rs 54.8 million (730,000 shares traded).

Index heavy LOLC, which contributed 20 points to the All Share Price Index, appreciated its share price by Rs 18.75 or 4.85 percent. Its share price started trading at Rs 386.25 and at the end of the day it moved up to Rs 405.

A pioneer in renewable energy, Vidullanka PLC has successfully completed raising additional capital of Rs. 253 million to fuel its expansion drive in the solar power sphere.

Lankem Ceylon Plc, Rs. 677 million worth Rights Issue has been undersubscribed. When the issue closed the Company managed to draw only subscriptions for 17.6 million shares worth Rs. 352.3 million. The original plan was to issue 33.85 million shares at Rs. 20 each aiming at raising Rs. 677 million. The basis was one new ordinary share for every one share held. Funds were to be raised to augment working capital requirements.

During the day 67.9 million share volumes changed hands in 17564 share transactions.

Continue Reading

Trending