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Understanding the role of Foreign Direct Investment in port development: A Pathfinder Brief

Private sector involvement in developing ports became a critical necessity in the 1980s due to a host of reasons. The bottleneck effect caused due to congestion in ports, had a considerable strain on the efficiency of distribution chains, which is an important factor that needed attention. In this backdrop, government investments into port development were seen as a “White Elephant Syndrome”. Amplified by recurring port congestion, consequent chronic service failures, were mainly attributed to the deterioration of service quality during this period.  Inadequate port services are phenomenal in this context, owing to the inability of governments to invest in port infrastructure capable of catering to the needs of international shipping. Hence many port complexes became virtual “white elephants”.

Off the Madding Track

by Dulara Vithana, Bhanushi Perera and Kaushalya Kariyawasam The term, ‘online’, pertains to the Internet. The ‘consumer’ is a person who buys things or enlists services. Therefore, the ‘online consumer’ can be defined as a person who engages in activities and achieves his goals through the use of internet and social media networks. With increasing globalization, humans are becoming busier and more dependent on the Internet. As a result, the number of people who used computers and the internet has increased exponentially, especially after the outbreak of COVID-19, which upended the world and caused almost all countries to be locked down partially or completely. Educational activities from primary to university students, various work-related day-to-day activities, bank transactions, etc., have come to be conducted online, causing an unprecedented increase in the number of online consumers.

first major political crisis since 2019 prez poll

President Gotabaya Rajapaksa and Premier Mahinda Rajapaksa in conversation in Parliament on Feb 11, 2021. It was President Gotabaya Rajapaksa’s fourth visit to Parliament since the inauguration of the new session (pic courtesy PMD) By Shamindra Ferdinando National Freedom Front (NFF) leader, Wimal Weerawansa, MP, recently caused quite a political storm by calling for the […]

Sri Lanka- Landing fee concession for international flights extended till July

District level tourism training schools mooted

news District level tourism training schools mooted Daily News (via HT Media Ltd.) The Government plans to set up tourism training schools at district level as pledged in President Gotabaya Rajapaksa’s National Policy Framework, “Vistas of Prosperity and Splendour,” Tourism Minister Prasanna Ranatunga said. He added that four new hotel schools will be established this year. He was addressing a Progress Review Meeting of the Sri Lanka Institute of Tourism & Hotel Management recently. The Sri Lanka Institute of Tourism and Hotel Management under the Ministry of Tourism is the only institution in the country that produces professionals in the Hospitality and Travel Industry fields. It has branches in Kandy, Kurunegala, Anuradhapura, Bandarawela, Koggala, Ratnapura, Pasikudah and Jaffna. The Government plans to establish hotel schools in other districts of the country.

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