The Asian Development Bank (ADB) has reportedly said it will in February review a proposal to invest US$ 100 million in a credit guarantee firm in Sri Lanka which will serve small and medium sized enterprises (SMEs).
Sri Lanka’s State Minister for Investment Promotion and government spokesperson, Keheliya Rambukwella has reportedly said that Sri Lanka has approved a US$ 500 million
Sri Lanka’s Power Minister Mahinda Amaraweera has reportedly called for fixed prices to be set for renewable energy after doing away with the current system of competitive bidding.
Canada’s Fairfax Financial has last Thursday (9) bought a 10.7 percent stake in one of Sri Lanka’s premier blue chip companies, John Keells Holdings PLC (JKH), for Rs. 22.7 billion from Malaysia’s sovereign fund Khazanah Nasional Berhad.
Sri Lanka’s State Minister of Tourism Promotion Arundika Fernando has reportedly said that the country’s Tourism Ministry has over 2,500 acres of land with clear title available for both local and foreign investors.