Business
Sri Lanka Tourism gears up to welcome international visitors
As Sri Lanka opens its doors to the world once again; Sri Lanka Tourism has pulled out all the stops, ensuring that every precautionary measure has been set in place to make the island getaway as safe, secure and serene as possible for the visitors. In this regard Sri Lanka Tourism has published ‘Safety Protocols’ to be followed by the tourism industry stakeholders and visitors. These protocols were issued by the Ministry of Health and adopted by Sri Lanka Tourism after a thorough analysis of the situation and following multiple consultations with all relevant stakeholders and health professionals to ensure a smooth transition to begin operations in the midst of this new normal.
As per the safety protocols published Sri Lanka does not require a minimum number of days to stay. i.e. visitors to the island can stay even 3 to 4 days. Also offers ‘Quarantine free’ visitor experience where the visitors are allowed to enjoy all facilities in their respective hotels including the swimming pools, spas, gym etc. However the only requirement put in place for the safety of the traveller, tourism stakeholders and Sri Lankan community is the need for the travellers to stay at a ‘Safe and Secure’ certified, Level 1 hotel or hotels in the initial 14 days of their stay. This ensures the creation of a bio-bubble for the international visitors assuring the safety of the local communities, employees of the industry and the visitors to the industry. The respective hotels and accommodation providers along with the travel agents and tour operators will be entrusted to ensure that visitors don’t break the bubble of safety.
‘Safe & Secure’ certified hotel
These are hotels or accommodation providers who comply with the COVID-19 Health Protocols and the Tourism Operational Guidelines (visit srilanka.travel for details of the Tourism Operational Guidelines issued). The hotels have been subjected to an audit by an independent audit firm and will be continually assessed. The ‘Safe & Secure’ certificate is issued with a QR code unique to each certified hotel. By scanning the QR code using a smartphone, visitors can not only check the key information of the certified hotel but also immediately report to Sri Lanka Tourism of any violations related to the guideline procedures with photo evidence. Sri Lanka Tourism believes this certification will serve as a mark of trust, safety and assurance to all international guests. Hotels with the certification are encouraged to display the certificate with the QR code that can be easily accessed by all guests.
‘Safe & Secure’ certified Level 1 hotel
From all the ‘Safe & Secure’ certified hotels, these are the accommodation service providers who will provide accommodation services exclusively for international tourists during the first 14 days of their stay. The level 1 hotels cannot accept bookings from locals and also are not allowed to hold any events or banquet functions for locals. International travellers are allowed to stay in any number of ‘Safe & Secure’ Certified Level 1 hotels during the initial 14 days of their stay. Visit srilanka.travel/helloagain for the complete list of Level 1 hotels.
As Sri Lanka opens its borders for international visitors, it will be mandatory for them to have a pre-booking at a ‘Safe & Secure’ Certified Level 1 hotel.
Process of applying for visa for international travellers
Visitors planning to visit Sri Lanka must apply for their visas online through the Immigration ETA portal (www.eta.gov.lk). Before applying for visa, potential visitors are required to have a confirmed hotel booking, pre-purchased PCR tests and a mandatory COVID-19 insurance cover.
The cost per PCR test will be $ 40 and pre-purchase PCR tests depending on the number of days of stay (eg: pay for 2 PCR tests for 7 days stay and 3 PCR tests if the travel exceeds 7 days). Mandatory COVID-19 insurance cover from People’s Insurance PLC will cost $ 12 for a policy of $ 50,000 for a period of one month. Visitors are advised by Sri Lanka Tourism to contact their ‘Safe and Secure Level 1’ hotel or travel agent when making their booking. Upon the payment of the PCR tests and insurance premium, the hotel will issue a reference number which the visitors need to include in their visa form under the section ‘contact details’. There you will be asked for ‘address in Sri Lanka’ under which you need to indicate your hotel name, address and the reference number issued by the hotel confirming the payment for mandatory PCR and insurance premium.
Sri Lanka Tourism has made it mandatory for the hotels to provide confirmed booking number (reference number) only after collecting funds for necessary PCR tests ($ 40 per PCR test and number of PCR tests depends on the duration of stay) and Insurance premium of $12 for a cover of $50,000 for one month.
Going forward the visa process will be directed through the Sri Lanka Tourism’s mobile app; ‘Visit Sri Lanka’.
PCR testing for International visitors
All visitors, prior to boarding, will have to carry a negative PCR test result from an accredited laboratory 96 hours before their departure. This report will be checked at the respective airport (BIA or Mattala). The first of the prepaid PCR tests would be carried out on-arrival at the guest’s hotel; prior to check-in. The second PCR test would be conducted 5-7 days after, or if any symptoms should develop before. If a test should result as positive, initial isolation would be accommodated at the hotel; and if necessary, transfers to a private hospital or a designated hotel to be quarantined; would be arranged. Costs to be covered via your COVID-19 insurance, already paid for at the time of visa issuance. Currently no exceptions are made for vaccinations taken; all safety protocols should be adhered to regardless.
Visiting sites and attractions
Sri Lanka Tourism with the tourism industry has created a bio-bubble for international visitors to explore multiple sites and attractions in Sri Lanka: This include places such as, Sinharaja Forest Reserve, Yala, Udawalawe, Kaudulla and Wilpaththu National Parks, Mirissa Whale Watching, Sigiriya Fortress, Anuradhapura (excluding ‘Sri Maha Bodhiya’) and Polonnaruwa to name a few. (Visit srilanka.travel/helloagain for complete list of approved sites).
Connecting with Sri Lanka Tourism for updates
Sri Lanka Tourism will take every possible step to provide the international visitors to the paradise island an amazing time while ensuring their safety, providing a safe and secure operational environment for the service providers of the tourism industry and ensuring that local communities are protected and secured. All information related to the re-opening for international travel are listed on srilanka.travel/helloagain along with important notices to the industry. Thus Sri Lanka Tourism invites all international travellers, industry stakeholders to connect with its social media and official channels to obtain timely, authentic information.
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Business
Unlimited music streaming platform in Sri Lanka
SLT-Mobitel, the nation’s ICT and Telecommunications Service Provider recently partnered with Spotify, to mark their launch in Sri Lanka. Spotify is a paid premium music streaming app which allows subscribers to listen to music to their hearts content. Both, SLT-Mobitel Post-Paid and Pre-Paid customers will now be able to enjoy Spotify by activating a monthly recurring subscription or one-time subscription plan and access unlimited music streaming and downloading facilities.
The subscription charges will get added to the user’s customary billing, where payment will be deducted in real time. Starting from the payment date, the user will be able to access Spotify and download their favourite songs, for the next 30 days. Users who sign up for their first monthly subscription will receive an additional one month, courtesy of Spotify. The one-month subscription plan is not applicable with one-time subscription plans. SLT-Mobitel data rates, depending on the user’s respective broadband charges, will apply.
Spotify also has some exciting features that will provide SLT-Mobitel customers with the opportunity to listen to ad-free music, access millions of uninterrupted music under one platform, play any song they like, anywhere they go, and also be able to enjoy their music offline.
SLT-Mobitel customers can select their preferred premium package under four categories; Individual, Duo, Family, Student. Each category has recurring and non-recurring plans. After one month of free streaming, the package will activate once the offer period terminates. While both, the Individual and Student premiums are limited to one account user, the Duo package offers two accounts and the Family premium is accessible through six accounts. To view Spotify plans, users can log on to https://spoti.fi/3aLWvce
Business
Sri Lanka using ‘sovereign power’ over economy: CB Governor
by Sanath Nanayakkare
Anyone conversant with the elements of a political economy would know that Sri Lanka is using its ‘sovereign power’ to manage the different dynamics of the economy in a sustainable manner, Professor W. D Lakshman Governor of the Central Bank said on Wednesday.
“Some critics are saying that we adopt a so-called modern monetary theory. That’s not the case. In fact, Sri Lanka is using its sovereign power in a number of economic aspects to honour its external debt repayment commitments as well as to reduce its debt burden in the medium term as well as achieve resilient growth in the medium to long term, he said.
“We make policy decisions to boost our gross foreign reserves, meet our external debt servicing, to facilitate monetary expansion, to boost our GDP growth, to strengthen our current account balance and manage our domestic and external economic variables in a sustainable manner. This is not a modern monetary theory. This is an age-old tool used by central banks around the world when the circumstances demand it, he said.
“Certain trade-offs will be necessary when dealing with an economy which has a big fiscal gap to bridge. There are efforts to push Sri Lanka towards the IMF again which would in turn have influence on our policymaking. We have taken policy measures to stabilize the economy and we have adequate reserve levels to meet our debt repayments. Meanwhile, we are in negotiations with overseas central banks and multilateral agencies to further boost our reserve level and it would materialise within a matter of weeks,” he noted.
“One of the tools the Central Bank has introduced is in respect of repatriation of export proceeds into Sri Lanka and conversion of such proceeds into Sri Lankan rupees in order to strengthen the foreign exchange situation of the country,” he said.
The Governor made these remarks while delivering the keynote speech at a webinar organised by the Veemansa Initiative led by its Managing Director Luxman Siriwardene – the former Executive Director of Pathfinder Foundation.
The webinar revolved round the topic ‘External debt situation in Sri Lanka: Are we heading for a resolution or crisis?’
Professor Sirimal Abeyratne, Prof. Sumanasiri Liyanage, Dr. Nishan de Mel and Dr. Ravi Liyanage were the other speakers on the panel.
Business
CSE on the rebound; indices close positive
By Hiran H.Senewiratne
CSE produced signs of a rebound yesterday with both indices closing positive, though turnover remained low. Central Bank Governor W.D Lakshman’s recent statement on managing foreign reserves gave some boost to the market yesterday, stock market analysts said.
The index experienced a zigzag movement within the early hours of trading; thereafter, it recorded a slight up-trend as it reached its intraday high of 7,439. Later, the market witnessed a down-trend at mid-day, followed by a sideways movement and closed at 7,372, gaining 43 points during the month of February, market sources said.
It is said the banking sector dominated turnover with a contribution of considerable parcel trades in Sampath Bank, Commercial Bank and HNB.
Further, the Commercial Bank’s impressive quarterly results during the recent turbulent period also built investor confidence. Commercial Bank was able to register a18 percent net interest income when other banks were reporting a decline. Its share price increased by Rs. 3 or 3.5 percent. On the previous day, its shares started trading at Rs. 85 and at the end of the day they moved up to Rs. 88. Due to the positive growth results, the bank announced a Rs. 4.40 dividend per share, plus a Rs. 2 script divergent for every share.
Further, Sampath Bank shares also appreciated in both crossing and retail. In crossings its shares appreciated by Rs. 1.At the end of the day they moved up to Rs. 154.50. In the retail market, its shares moved up by Rs. 2 or 1.3 percent. Previously, its shares fetched Rs. 154 and at the end of yesterday they moved up to Rs. 156.
Amid those developments, both indices moved upwards. The All Share Price Index went up by 104.48 points and S and P SL20 rose by 67.78 points. Turnover stood at Rs. 3 billion with four crossings. Those crossings were reported in Sampath Bank, where 3.9 million shares crossed for Rs. 602.2 million, its share price being Rs. 154.50, HNB 375,000 shares crossed for Rs. 39.4 million, its shares traded at Rs. 105, Pan Asia Power 9.5 million shares crossed for Rs. 33.2 million, its shares traded at Rs. 3.50 and Access Engineering 1.2 million shares crossed for Rs. 28.2 million; its shares traded at Rs. 24.
In the retail market top five companies that mainly contributed to the turnover were, Expolanka Rs. 450 million (10 million shares traded), JKH Rs. 205 million (1.3 million shares traded), Browns Investments Rs. 199 million (34.9 million shares traded), Sampath Bank Rs. 191 million (1.2 million shares traded) and Dipped Products Rs. 137.7 million (2.8 million shares traded). During the day 101 million share volumes changed hands in 18046 transactions.
During the day, Expolanka, the biggest contributor to the turnover, saw its share price appreciating by Rs. 6.20 or 15 percent. Its share price quoted on the previous day was Rs. 41 and at the end of trading yesterday it moved up to Rs. 47.
Sri Lanka’s rupee quoted wider at 193.50/195.50 levels to the US dollar in the spot next market on Thursday while bond yields remained unchanged, dealers said. The rupee last closed in the spot market at 194.50/195.00 to the dollar on Wednesday.