The Asian Development Bank has announced that it will lend US$ 5 million to PTSASL and Sons Indonesia (PTSASL), which is part of Sri Lanka’s Silvermill Group, to expand its coconut processing operations.
The government of Sri Lanka is reportedly looking at digitising all state owned instituions including the country’s court network in a bid to improve productivity and profitability.
Fitch Ratings has reportedly stated that Sri Lanka Telecom (SLT), which is Sri Lanka’s sole wireline operator, is expecting to connect a million fibre optic customers in the next two years
Sri Lanka’s Diesel and Motor Engineering PLC (DIMO), which is one of the country’s leading diversified companies, has reportedly launched its own power panel manufacturing plant in DIMO’s Logistics Centre.
Beijing will lower import tariffs on more than 850 products including frozen pork from next month, the Finance Ministry has said last month,