Sri Lanka’s state investment promotions agency, the Board of Investment (BOI) has said that a South Korean investor making labels and hand tags in Sri Lanka is expanding its packaging manufacturing operations.
The US has reportedly expressed willingness to assist Sri Lanka in several aspects including improving Sri Lanka’s rankings in the Ease of Doing Business Index at the 13th Joint Council Meeting (JCM) under the USA-Sri Lanka Trade and Investment Framework Agreement (TIFA).
Expolanka Holdings of Sri Lanka has reportedly diversified its core logistics business in to moving technology products, in addition to its garments shipments.
North Sails Sri Lanka, which is one of the world’s largest Boat Sails manufacturers, has reportedly decided to increase investments in Sri Lanka
Sri Lanka’s Government Information Department has reportedly announced that the Singapore unit of energy and commodities trader Vitol has been granted by the government of Sri Lanka a long-term contract to supply the state owned oil refiner and retailer with petrol and diesel.