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Shangri-La to begin work next year:
More seven star hotels
Sri Lanka is to have two more seven star hotels
in the country in addition to the first seven star hotel to be built
by Hong Kong Based leisure Group Shangri-La. Hong Kong based leisure
Group Shangri-La has signed a deal with the Sri Lankan Government to
purchase ten acres in a part of the Defence Ministry premises in
Galle Face.
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Mahindra Group to see SUV market sales boom
Ideal Motors expects to increase sales to 6,000
with the tourism boom and the Cricket World Cup session starting in
February, Ideal Motors, Chairman Nalin Welgama told Daily News
Business. Ideal Motors followed by the 100 percent tax concession on
SUV vehicles will import Mahindra double cabs to Sri Lanka next
January. Currently the SUV tax is at 112 percent and this will
increase the demand for SUVs in Sri Lanka.
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Should focus on regional markets :
NCCSL wants FTA with Bangladesh
The National Chamber of Commerce of Sri Lanka
(NCCSL) is lobbying for a Free Trade Agreement (FTA) with
Bangladesh. “We are working towards establishing the agreement
through the recently formed Sri Lanka Bangladesh Business Council.
The emphasis is paid on capturing potential markets in the sub
continent,” National Chamber of Commerce of Sri Lanka President Lal
de Alwis told Daily News Business.
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