Sri Lanka’s state investment promotions agency, the Board of Investment (BOI) has reportedly stated that Wakana (Pvt) Ltd, which is promoted by a Japan based investment group, will build a US$ 8.4 million boutique hotel in the country’s southern city of Ahungalle.
United Motors Lanka, which is the Sri Lankan agent for Mitsubishi automobiles, has reportedly announced it was diversifying into commercial and earth moving vehicles as passenger car sales slowed down.
Sri Lanka is to receive assistance from AWS Educate, which is a unit of Amazon Web Services (AWS), to train 50,0000 Sri Lankan students in cloud computing and artificial intelligence (AI) in the next two years.
Sri Lanka has received the P625, which is a state-of-the-art frigate, gifted by China to Sri Lanka Navy (SLN) yesterday (8).
The frigate had arrived at the Colombo Harbour after 12 days sail from Shanghai, with 18 officers and 92 sailors on board.
The Cabinet of Ministers in Sri Lanka has reportedly granted approval this week for a revision of several charges including ground handling, aviation fuel and embarkation levy to be reduced for six months to assist the tourism industry