TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

Sri Lanka Targeting Overseas Tourism Investment

Category: Tourism, Posted:18 Jul 2009 | 10:03 am

A new era of optimism and positive sentiment has arrived in Sri Lanka after its lengthy Tamil war and the country is now opening its doors to reforms meant to grow the fledgling tourism industry. Foreign direct investment targets for 2009 are now set at US$1 billion. The Sri Lankan Board of Investments is offering incentives for as low as US$250,000 depending on the industry and for amounts over US$1 million 100% foreign ownership is being permitted.
The country has a double tax treaty with many key counties which include Thailand and is offering a 15 year tax holiday in under developments regions. One of Thai's close neighbor's Myanmar has been long pegged to see an upsurge in investment if and when the current Government succumbs to a global call for democratic elections; though based on the current status of Ang San Suu Kyi there is little chance of this anytime soon.

Other News

Read more

AWC Set to Snap Up Westin Siray Bay Resort Phuket

Category: Hotels, Posted:11 Nov 2022 | 08:06 am Thailand’s growing hospitality conglomerate AWC (Asset World Corporation) has made public plans to acquire the 257-key Westin Siray Bay Resort and Spa Phuket. It is also acquiring the Grand Mercure Windsor Bangkok which has 459-rooms The AWC Phuket portfolio already includes the Phuket Marriott Resort and Spa Nai Yang Beach and Courtyard by Marriott Phuket […]
Read more

Banyan Tree Phuket Launching New Oceanview Branded Residences

Category: Real estate, Posted:10 Nov 2022 | 12:20 pm Phuket’s Banyan Tree is rolling out two new products under their Grand Residences estate. Ten premium oceanview villas are priced in the THB100-150 million range and 40 seaview condominiums with median pricing of THB85 million. Located within the Laguna Phuket integrated destination resort, the group is expected to bring more real estate products to the […]
Read more

Mind the Gap – Keep People Inspired Event in November

Category: Hotels|Tourism, Posted:22 Oct 2022 | 08:50 am Keep People Inspired (KPI) is the second in a series of Mind the Gap Learning events. The focus of the event is on inclusiveness in hospitality, spanning Phuket’s hotels, tourism and service industries. Inclusiveness is a key element of businesses that rely heavily on human resources and is in effect all about people, whether they […]
SiaJai logo

Thailand's Leading Homecare Marketplace