Corporate News & Insights

A new 5-Star hotel to be built in Kandy under BOI agreement


The Board of Investment of Sri Lanka signed an agreement with Star Class Hotel (Pvt) Ltd., to set up 67 room 5-star hotel which will be located at Mavilamada Road, Kandy.

The Agreement was signed by Mangala Yapa, Chairman of the Board of Investment of Sri Lanka and Mohamed Nazar Mahamed Rizan, Managing Director of the Company.

MoU signed for Sri Lanka’s first cable car project


A Memorandum of Understanding (MOU) was signed for the first cable car project in Sri Lanka to be built in Nuwara Eliya today (October 13). The relevant agreement was signed under the patronage of the Minister of Plantation Industries Navin Dissanayake, at the Nuwara Eliya Municipal Council premises.

Figo Holiday wins Sri Lanka’s Leading Travel Agency award at World Travel Awards

World Travel Awards

Figo Holidays was awarded ‘Sri Lanka’s Leading Travel Agency 2019’ at the 26th annual World Travel Awards’ on the 12th October 2019. It was held at the Vinpearl Convention Center, Phu Quoc,Vietnam at the World Travel Awards Asia & Oceania Gala Ceremony 2019. The World Travel Awards is globally recognized as the most prestigious honours program in global travel and tourism.

Sri Lanka launch survival guide for tourists


A “Survival Guide for Tourists” has been launched by the independent website for tourists: “”

The website, which is produced by Rocketeer Labs, a Sri Lankan Media-Tech company based in Colombo, is dedicated to promoting tourism to Sri Lanka.

Boost for tourism industry

Bohra conference srilanka

Members of the Bohra community visiting Sri Lanka enjoy the sea breeze in Colombo. The ongoing Bohra Convention in the city will be a key contributor to August/September tourist arrivals – with nearly 21,000 devotees visiting the island. It is expected to generate an income of US$ 50 million for the tourism industry. | Pic: Sulochana Gamage

Sri Lanka’s Colombo bursting with tourists in August: Minister


Sri Lanka is expecting a 10 percent fall in tourists to 2.1 million in 2019, sharply lower than the 30 percent loss initially estimated, as security forces shut down a terror network quickly, travel advisories were lifted and hotels cut rates, officials said.