Hutchison Telecommunications Lanka (Pvt) Ltd has announced its plans to invest US$ 200 million in the next three years for network expansion.
The Asian Development Bank (ADB) has reportedly stated that development of the port in Sri Lanka’s capital, Colombo, will require Rs. 1.03 billion in investments until 2026.
The Ford Foundation has reportedly decided to provide a US$ 300,000 grant in a deal with the Lankan Angel Network (LAN) in a bid to boost Sri Lanka’s startup ecosystem.
The Central Bank of Sri Lanka has reportedly stated that the Land Valuations Indicator (LVI) for the Colombo District has grown 10.4 percent in the second half of 2019 from a year earlier.
The Sri Lanka Ports Authority (SLPA) has reportedly signed a consultancy service agreement to conduct a feasibility study for the proposed Colombo North Port development project with AECOM Infrastructure & Environment UK Limited.