Kingsbury Hotel opens after Rs 2.2 bn overhaul
Heyleys PLC had further invested over Rs one
billion to add more rooms and other facilities to the Kingsbury
Hotel in Colombo. The comprehensively refurbished five star hotel
which hosted the first function last month also welcomed their first
guest, yesterday.
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‘World economy to grow at staggering 3.3 %, Asia to take centre
stage’
Sri Lanka's IMF Resident Representative Dr Koshy
Matai addressing the Art CEO Network, said the outlook of the world
economy was not looking that good. “We expect the world economy to
grow by 3.3 % this year and at a rate of 3.6 % next year,” he said.
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FT agreements vital for export sector development
To develop the export sector in Sri Lanka the
country must start taking advantage of free trade (FT) agreements
that Sri Lanka have already entered into.
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Italy to invest in Lanka tourism
Dr. Luis Durnwalder President of Bolzano, South
Tyrol, Italy, has expressed his intention to invest six million
dollars to establish a Tourism Centre in Sri Lanka to promote
tourism in the island.
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