Sri Lanka’s Ministry of Finance and Economic Affairs has last week announced its decision to reduce a Special Commodity Levy on several imported commodities in order to bring down the cost of living.
Provisional data from the Central Bank of Sri Lanka has reportedly stated that the Hambantota Port transfer payments and telecommunication infrastructure have driven the growth of foreign direct investments (FDI) in Sri Lanka during the first half of 2018.
The Hotels Association of Sri Lanka has reportedly stated that country’s hotels are getting tourists despite a political crisis and travel advisories being issued by authorities of several key markets.
Sri Lanka’s only multinational textile manufacturer, Teejay Lanka PLC has reportedly recorded sales of Rs. 14.4 billion and profit after tax of Rs. 704.8 million at Group level for the six months ending 30th September 201
One of ONYX Hospitality Group has recently announced the introduction of its fourth property to the Sri Lankan market.
ONYX Hospitality Group is one of Asia’s leading hotel management companies.