Sri Lanka and the United Arab Emirates (UAE) agreed to complete the Agreement for the Promotion and Protection of Investment (APPI) as early as possible to expand investment and trade cooperation between the two countries.
Sri Lanka's southern Hambantota Port is aiming to attract investments worth $500 million as plans are afoot to set up port related industries inside the port as well as general operation expansion, Ports Minister Mahinda Samarasingha said on Friday.
Tourism has emerged as the second highest foreign exchange earner in Sri Lanka, beating the island country's lucrative garment industry which held this position for the past eight years since 2010, official data showed.
Sikkim's unique mountain architecture in need of protection
The Government of Sikkim realized something needs to be done and the newly-adopted Sikkim Tourism Policy is crystal clear about this. It states in Chapter 4: Application of appropriate designs for tourism infrastructure that considers the landscape, disaster risks, local architecture and materials needs to be addressed, writes Anne Fee