Lanka Realty Investments (LRI) PLC has reportedly announced a rights issue aimed at mobilizing Rs. 3.6 billion, which is viewed as the largest equity fundraiser in the sector.
The government of Sri Lanka is to launch a massive on-site tourism promotion at the three-day World Travel Market (WTM) in London that commences today
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.