Business
Seylan celebrates Seylan Tikiri World Children’s Month for eighth consecutive year

Seylan Tikiri, the pioneer children’s savings account in Sri Lanka is ready to encourage and celebrate young savers during the month of October as they unfold the Seylan Tikiri World Children’s month for the 8th successful year. Seylan, the bank with a heart believes in inculcating the habit of saving within children in order to build a strong financial foundation while they’re young.
Children love to receive gifts be it in the simplest form, acts of appreciation bring happiness to their little worlds. Understanding the desires of their youngest customers this year, team Seylan is set to unfold a range of exclusive gifts for all young savers. Apart from gifts such as Bicycles, Tabs, Scooters and LED Tv’s young depositors can receive Hungry Frog Games and Sensor Driven Helicopters. For the very first-time deposits over Rs. 1 million during the month of October will receive exclusive Play Stations (PS4) and Home Theatre Systems revamping the Seylan Tikiri gift range to suit the dreams of the modern-day child.
Commenting on this year’s promotion, Gamika de Silva, Head of Marketing and Sales said, “Seylan Tikiri, one of the most beloved children’s Savings products in the country continues to place great emphasis on providing children with the right platform to secure the financial strength which allows them to pursue their life’s hopes and dreams. Over the years, Seylan Tikiri has encouraged children to start saving from an early age by motivating and rewarding them through a variety of gift schemes and offers. Children’s Day is celebrated on the 01st of October throughout the world, Seylan is the only bank in Sri Lanka to extend the celebrations throughout an entire month with exclusive gift schemes and benefits to encourage young savers. Through these promotions both existing and new Tikiri account holders are given the opportunity to receive the best gifts offered by a children’s savings account and experience a wide range of valuable benefits. Seylan Tikri strives to cater to the changing needs of future generations by providing them with continuous banking support, empowering them to lead a successful future, team Seylan encourages everyone to be a part of this year’s promotion and experience a world of exclusive benefits”
Teaching children the importance of saving at an early age is an act of love, it is an established method of strengthening their future goals and dreams. Seylan encourages parents, grandparents, aunts, uncles, and older siblings to gift their beloved little ones the opportunity to become a part of the Seylan Tikiri family. Through Seylan Tikiri your child will receive amazing benefits such as bonus interest premiums on savings and wonderful gifts while learning the importance of saving for their future at an early age.
Business
President outlines a bold vision for Sri Lanka tourism at THASL’s 58th AGM

Addressing the 58th Annual General Meeting of The Hotels Association of Sri Lanka (THASL) held on Monday (27) at Shangri-La Hotel, Colombo, President Ranil Wickremesinghe outlined a comprehensive strategy to propel the country’s tourism sector to new heights. Focused on surpassing the target of 5 million tourists and redefining traditional approaches, the President’s vision extends to achieving 7.5 million visitors in the coming years. The President emphasized the need for innovative thinking and collaboration within the industry to ensure sustainable growth.
“When I took over the government, I realized that sustainability alone is not sufficient. How are we going to earn foreign exchange? How are we going to have a positive balance of trade? In that, there were many suggestions. But what is the low-hanging fruit? And one of the low-hanging fruits was tourism. Let’s promote tourism fully,” President Wickremesinghe declared.
The President acknowledged the need to move beyond the existing framework and embrace competition to elevate Sri Lanka’s standing in the global tourism market. Drawing parallels with countries like Vietnam, he questioned why they had more tourists despite being in the industry for a shorter period. President Wickremesinghe stressed the importance of increasing the number of tourists to 2.5 million in the upcoming year and subsequently expanding on this figure.
(PMD)
Business
Free visas for nationals of China, India, Indonesia, Russsia, Thailand, Malaysia and Japan from Monday (27)

The Controller General of Immigration and Emigration has stated that nationals of China, India, Indonesia, Russsia, Thailand, Malaysia and Japan will be granted free visas from Monday 27-11-2023 to 31-03-2024 as a pilot program to rebuild the tourism industry.
Nationals of the above nominated countries possessing, Diplomatic, Official, Public Affairs, Services and Ordinary Passports are eligible to enjoy a visa free regime under this scheme.
The above mentioned nationals should apply for Electronic Travel Authorization (ETA) before arriving in Sri Lanka subject to granting / issuing free of charge up to 31-03-2024.
Under this scheme tourists can enjoy a 30 days free visa period and a double entry facility is permitted within 30 days from the date of first arrival in Sri Lanka.
Free ETA under this scheme can be applied up to 31-03-2024.
The free ETA cannot be extended further and is limited only to thirty (30) days. In case the free ETA period of 30 days expires after 31-03-2024, an extension of visa could be applied subject to paying the appropriate fee.
Business
Sri Lanka and Saudi Arabia prioritize economic ties in apparel and tourism sectors

The Minister of Economy and Planning for the Kingdom of Saudi Arabia. Faisal F. Alibrahim, met with President Ranil Wickremesinghe on Monday (27) at the Presidential Secretariat.
During the discussions, Minister Faisal F. Alibrahim emphasized Saudi Arabia’s keen interest in strengthening economic ties with Sri Lanka across various sectors, including apparels and tourism. He elucidated that his government was focused on expanding economic relations within the region and regarded Sri Lanka with significant importance.
President Ranil Wickremesinghe welcomed the Minister’s comments, asserting that Sri Lanka is actively promoting enhanced cooperation in Asia, including West Asia. He further highlighted that the tourism and agriculture sectors were areas open to greater investment, as the country is committed to modernizing these domains.
(PMD)
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