Top diversified blue chip John Keells Holdings PLC (JKH) has announced a ground-breaking deal, which will see the Asian Development Bank (ADB) taking up a 8.5% stake via a private placement with an investment of US$ 80 million via two phases.
Sri Lanka has secured US$ 770 million of investments for 2021 so far and out of this US$ 400 million are Foreign Direct Investments (FDIs).
Sri Lanka Tourism is reportedly preparing to carry out a number of promotional initiatives in four traditional markets to boost arrivals to the country during the winter season.
Singapore Airlines last week resumed daily flights to Colombo, thereby increasing flight frequencies to seven times weekly from five weekly flights.
Listed companies have reinforced their resilience with combined profits in the quarter ended 30 September 2021