The Asian Development Bank (ADB) has reportedly embarked on a massive transport sector development project covering, road, railway and port sectors in Sri Lanka with the aim of moving the local transport and logistics sector into the future.
Sri Lanka’s Central Bank is expected to leave its key interest rates unchanged on Thursday, a Reuters poll showed, after cutting them in May to support the economy as tourism and investment plummeted in the wake of Easter Sunday bombings, the Reuters news agency has reported.
Sri Lanka’s state investment promotions agency, the Board of Investment (BOI) has stated that MAS Holdings, which is a Sri Lankan apparel exporter, and Hellmann Worldwide Logistics are to expand their joint venture for logistics and supply chain related activities by setting up a new unit.
Sri Lanka’s Minister of Development Strategies and International Trade Malik Samarawickrama has met with Japan External Trade Organisation (JETRO) President Yasushi Akahoshi last week and discussed cooperation activities to boost trade and investment between the two countries.
The Finance Ministry of Sri Lanka has reportedly stated that the total foreign financing disbursements for development projects and programmes during the period from January 1 to April 30 this year amounted to US$ 539 million