The Cabinet of Ministers in Sri Lanka has reportedly corrected an anomaly in a land ownership law and cleared purchases of land by foreign-owned listed companies before 1 April 2018 when a ban on foreign land ownership was lifted.
Sri Lanka’s state owned SriLankan Airlines is reportedly looking at selling a US$ 175 million bond to roll-over a similar sized issue that is maturing this month, which is fully guaranteed by the government.
Sri Lanka’s Government Information Department has announced that the Cabinet of Ministers has granted approval to raise Rs. 480 million for debt financing under the Active Liability Management Act (ALMA).
Sri Lanka’s Ministry of Development Strategies and International Trade (MoDSIT) together with the USAID-SAIL project has reportedly hosted a Public-Private Dialogue (PPD) on Global Trade on June 12 in Colombo
Lotus Renewable Energy of Sri Lanka, which provides intelligent renewable energy solutions, has reportedly further strengthened its portfolio with its latest acquisition of Hatton Plantations and branching out in to the crop processing area.