Chairman of Luxasia Group, Patrick Ching, who is a Singapore based beauty retailer, has reportedly stated that Sri Lanka could be made into a shoppers’ paradise by becoming a duty free country.
The government of Sri Lanka has reportedly received a US$ 1 billion loan from the China Development Bank (CDB) with an eight-year maturity and three-year grace period.
Sri Lanka’s Cape Weligama hotel has reportedly been named one of the Top 10 resorts in Asia by readers of the travel publication Condé Nast Traveller
The government of Sri Lanka has reportedly called for expressions of interest for the sale of stocks in the building that houses Colombo Hilton and a partially built tower which is expected to house a Grand Hyatt.
The Finance Ministry of Sri Lanka has stated that the government would receive 30 million euros from France for a project to cut transmission losses at state owned Ceylon Electricity Board (CEB).