Lake Lodge - Colombo Rock Villa - Bentota River Cottage - Bentota Lighthouse Street - Galle Fort Rampart Street - Galle Fort As more world travelers begin to discover the treasure that is Sri Lanka, it has become more difficult to find true intimacy and seclusion amidst the clamor. Yet amongst the numerous beach villas in the south, you will find that unique experience which respects nature, celebrates privacy, and nurtures luxury in equal measure at 'Taru Villas - Mawella'. Situated within the Mawella bay, overlooking crystal shades of blue and green that stretch for eons on either side, this hotel has all the makings of a perfect holiday hideaway for treasure, tranquility, and escape. Leave behind the busy thoughts which clutter your mind and commit yourself to relaxation. Sprawl out on our pristine beaches as the waves roll in and out; warm rays against your skin and a cold drink in your hand. When evening falls, take a lazy walk along the shore and witness another glorious sunset.
If you need a change of scenery, seek shelter under a tree in our lush tropical garden or take a dip in the cool and calm waters of the pool. Experience the best of Sri Lanka villas and allow this boutique hotel to bring you that much closer to beauty, pleasure and paradise. This boutique property in Mawella offers a range of services and amenities. Here is a glance at what you can expect: Modern conveniences including King size beds, A/C, cable TV, hot/cold showers Fully serviced property with resident staff 40ft Pool with an adult-friendly, uniform 4ft 6 inch depth Cot and high chair Airport transfer, taxi serviceCOLOMBO Feb 14 Sri Lankan shares hit a two-week closing high on Tuesday as investors picked up blue chip shares such as John Keells Holdings Plc and Ceylon Tobacco Company Plc, brokers said.The Colombo stock index ended 0.17 percent firmer at 6,148.94, its highest close since Jan. 23."Bargain hunting in blue chips is continuing.
block trades too," said Dimantha Mathew, head of research at First Capital Equities (Pvt) Ltd.Shares of John Keells Holdings Plc rose 1.01 percent, while Ceylon Tobacco Company Plc rose 0.59Turnover stood at 548.9 million rupees ($3.65 million), more than this year's daily average of 623.3 million rupees. Foreign investors net bought 58.2 million rupees worth ofThey have net sold 313.1 million rupees worth of shares so far this year.On Thursday, Fitch Ratings affirmed Sri Lanka's Long-Term Foreign- and Local Currency Issuer Default Ratings (IDR) at 'B+' and revised the outlook to 'stable' from 'negative'. Sri Lankan stocks have been hit by political uncertainty after ruling coalition parties decided to contest local polls separately, and on worries over a rise in interest rates.Last week, the country's central bank kept key rates steady for a sixth straight month, but flagged possible "corrective measures" in the months ahead in a sign further tightening might
be on the cards to temper inflation pressures and safeguard a Yields on treasury bills are hovering at a more thanSri Lanka's stock and foreign exchange markets were closed on Friday for a Buddhist religious holiday. ($1 = 150.3000 Sri Lankan rupees)(Reporting by Ranga Sirilal and Shihar Aneez; Escondida says will wait 30 days to replace striking workers SANTIAGO, Feb 21 Chile's Escondida copper mine owned by BHP Billiton said on Tuesday it would not replace striking workers for at least 30 days into a strike to show its openness to dialogue. CORRECTED-Newmont posts bigger quarterly loss on impairment charge Feb 21 Gold and copper miner Newmont Mining Corp reported a bigger quarterly loss on Tuesday as the company took an impairment charge of $974 million. UPDATE 2-Tronox to acquire titanium dioxide business of Cristal Feb 21 Chemical maker Tronox Ltd announced plans on Tuesday to buy the titanium dioxide business
of Cristal, a subsidiary of Saudi Arabia's Tasnee, for $1.67 billion cash and new shares. Photos of the DayA pioneer in the plastic industry and one of the leading manufacture of moulded furniture, by describing elegance at its bestand adding that special touch of perfection to make our products more unique in design and durability. Since its joint venture with Nilkamal and Eswaran Brothers in 1999, Nilkamal brand has expanded its vast range of products of moulded furniture making it an icon and establishing as the preferred chose in the Sri Lankan industry. It is our attentiveness to finer details and continuous quest for improvement of quality, design and style that has brought up today’s demands especially in the Corporate Sector. Signature products that are not only elegant in design but durable and most importantly it is environmental friendly. For more than 62 years of achievement in bringing these unique product range from moulded household and office furniture to the industrial material-handling solutions which have been a distinctive choice over several other products both in India and all over the globe.
All our products are re-cycleable and we full support and endure all measures taken to protect our planet.COLOMBO – Sri Lanka has been deservedly praised for the progress it has made since the end of the war against the separatist Tamil Tigers in 2009. The economy has grown at an average annual rate of 6.7%, and education and health statistics are impressive. All developing countries face myriad challenges, but this is especially the case for a country that has suffered an intense 30-year civil war. The government will need to set priorities; but success will require a comprehensive approach. Underlying wars such as the fight with the Tamil Tigers are, typically, social and economic grievances such as real or perceived discrimination, and the failure of government to address wealth and income disparities adequately. Thus, more than transitional justice is required in Sri Lanka (or, to take another example, in Colombia, where peace with the FARC guerillas seems increasingly likely).
What is required is full integration of the Tamils, Sri Lanka’s embittered minority, into the country’s economic life. Markets on their own won’t solve this problem. Sri Lanka will need balanced affirmative-action programs that address the various dimensions of economic disparity and are attuned to the inequalities within the Tamil population. It will do no good to give a leg up to Sri Lanka’s many rich Tamils, while leaving poor, lower-caste Tamils further behind. Economic integration of the northern Tamil region will require heavy public investment in infrastructure, education, technology, and much else. Indeed, such investments are needed for the entire country. And yet tax revenue as a share of GDP is only 11.6%, about one-third that of Brazil. Like many other developing countries, Sri Lanka simply enjoyed the fruits of high commodity prices in recent years (tea and rubber account for 22% of exports). Sri Lanka should have used the commodity boom to diversify its export base;
the previous government of Mahinda Rajapaksa did not. With export prices down, and with tourism likely to suffer from the global economic downturn, a balance-of-payments crisis looms. Some suggest that Sri Lanka turn to the International Monetary Fund, promising belt tightening. That would be hugely unpopular. Too many countries have lost their economic sovereignty in IMF programs. Besides, the IMF would almost surely tell Sri Lankan officials not that they’re spending too much, but that they’re taxing too little. Fortunately, there are many taxes that the authorities can impose that would increase efficiency, growth, and equity. Sri Lanka has abundant sunshine and wind; a carbon tax would raise considerable revenue, increase aggregate demand, move the country toward a green economy, and improve the balance of payments. A progressive property tax would encourage more resources to go into productive investments, while reducing inequality and, again, boosting revenues substantially.
A tax on luxury goods, most of which are imported, would serve similar goals. Some in the country, citing inadequate inflows of foreign direct investment (despite marked improvement in the business climate), argue for lower corporate taxes. But such tax concessions are relatively ineffective in bringing in the kind of long-term investment that Sri Lanka needs; so to embrace them would needlessly eviscerate the already weak tax base. Likewise, another frequently proposed strategy, public-private partnerships, may not be as beneficial as advertised. Such partnerships usually entail the government bearing the risk, while the private sector takes the profits. Typically, the implicit cost of capital obtained in this way is very high. And while the private sector can, and frequently does, renege on its contractual obligations (through bankruptcy) – or force a renegotiation under the threat of reneging – the government cannot, especially when an international investment agreement is in place.
Twenty-first century development strategies need to be different. They should be based on learning – learning to produce, learning to export, and learning to learn. There can be leapfrogging: in Sri Lanka’s case, the benefits (apart from direct employment) to be gained from certain low-skilled manufacturing stages like garments may be limited. Given its education levels, Sri Lanka may be able to move directly into more technologically advanced sectors, high-productivity organic farming, and higher-end tourism. But if Sri Lanka pursues such activities, it will need to ensure good environmental policies for the entire island. That will necessitate sound urban planning. Sri Lanka is fortunate to have a low level of urbanization today; but this is likely to change in the next two decades. This gives the country the opportunity to create model cities, based on the adequate provision of public services and sound public transport and attuned to the cost of carbon and climate change.