Authorities in Sri Lanka are reportedly in the process of formulating a 10-year strategic plan and roadmap under a public-private partnership to boost the country’s tea industry.
The Finance Ministry of Sri Lanka has announced that the Cabinet of Ministers had granted approval to a US$ 250 million mixed development project, which will the new government’s first foreign direct investment (FDI).
SANASA Development Bank PLC (SDB Bank) of Sri Lanka has reportedly secured a US$ 8 million loan from Belgian Investment Company for Development Countries NV/SA (BIO)
Altair of Sri Lanka has reportedly noted that the investment opportunities in the country’s property development sector have generated significant interest.
A Korean bank is to reportedly buy the Cambodian microfinance arm of Sri Lanka’s LOLC for a staggering U$ 603.4 million or Rs. 108.5 billion, subject to regulatory approval.