The International Monetary Fund (IMF) has completed its sixth review of Sri Lanka’s economic performance under the Extended Fund Facility (EFF) and has approved the release of US$ 164 million to the country.
Sri Lanka’s Investment Promotion Agency has signed an agreement with Star Class Hotel (Pvt) Ltd. to build a 67-room 5-star hotel on Mavilamada Street,
Altair Developers has borrowed US$ 25 million (4.5 billion rupees) from three Sri Lankan banks to complete the 400-apartment Altair high-rise.
Mosvold Villa, which is situated in Sri Lanka’s southern coast, was recently named the winner as Sri Lanka’s leading boutique hotel at the prestigious World Travel Awards (WTA), Asia and Oceania 2019.
The Sri Lanka Tourism Development Authority is looking at establishing a branch of the state managed Sri Lanka Institute of Tourism and Hospitality Management (SLITHM) in the country’s northern district of Jaffna.