Sri Lanka’s second largest IT company, IFS, which is a global leader in enterprise software is reportedly further expanding its investment and operations in the country by doubling office space and increasing staff by over 40%.
Sri Lankan conglomerate John Keells Holdings (JKH) is reportedly building a logistics facility with an investment of US$ 13.96 million will provide a range of services for businesses, from inventory management and value addition to managing returns.
Sri Lanka’s tourism authorities have reportedly stated that tourist arrivals to the country have grown by 7 percent from a year earlier to 252,033 in February 2019.
Prime Minister of Sri Lanka Ranil Wickremesinghe has reportedly stated that there has been a Rs. 300 billion cash infusion to the country’s economy following a host of recent measures taken to address the liquidity issue.
Deputy Prime Minister of Italy Luigi Di Maio has reportedly stated that Italy wants to join China’s giant ‘Belt and Road’ infrastructure plan to boost Italian exports and not to strengthen political ties with the Asian giant.