A spokesperson of the Sri Lankan government has been quoted in the local media as saying that China Merchants Port Holdings (CM Port) has agreed to increase its first installment payment for leasing Sri Lanka’s southern Hambantota Port to 30% from 10% of the US$ 1.1 billion deal.
Hapag-Lloyd India has expressed support to the government’s move to liberalize the country’s shipping and logistics industry.
The World Bank has called on Sri Lanka to implement gender equal labor laws and non-discriminatory policies, provide childcare and better prepare girls for employment to encourage more women to join the workforce.
“Invest Sri Lanka Investor Forum”, organized by the Colombo Stock Exchange and the Securities and Exchange Commission of Sri Lanka in association
Board of Investment Sri Lanka, is the central facilitation point for all investors in Sri Lanka. The BOI was established in 1978 as the investment promotion arm
Sri Lanka has taken measures to draft a bio safety bill with the purpose to counteract the effects of organism that are released as a product of the gene technology.
Sri Lanka and Bangladesh are working on setting up a Free Trade Agreement that is scheduled to be signed for the year 2018. According to many sources this FTA has been in the works for some time and will also be Bangladesh’s first FTA
Sri Lanka and China have maintained relationships with each country spanning several hundred years. China has also been a key player in the recent infrastructure development of the Sri Lanka.
The Policy Development Office of Sri Lanka has reportedly said that steps are being taken to publicize regulations related to all adventure tourism activities in Sri Lanka.
Sri Lanka’s Finance Ministry is to make provisions to create a credit scheme with the allocation of Rs. 15 billion in target sectors for low interest loans to fund modernization and expansion of enterprises.