Noberasco of Italy has recently signed a memorandum of understanding (MOU) with Sri Lanka’s Fruit and Vegetable Producers, Processors and Exporters Association (LFVPPEA) in a bid to boost the export of local fruits and vegetables.
The Central Bank of Sri Lanka has recorded a 7.4% increase in the country’s total exports of goods in 2018 to US$ 11.9 billion. Also, imports have recorded a growth of 6% to US$ 22.2 billion.
Sri Lanka’s Tourism Development Minister John Amaratunga has reportedly said that work is underway to implement on-arrival visas free-of-charge for multiple countries from 1 May.
Japan’s Belluna Company Ltd. has reportedly expressed its confidence in Sri Lanka with an investment of US$ 450 million in the country’s growing luxury property market.
Sri Lanka’s state owned investment promotions agency, the Board of Investment (BOI) has reportedly announced that globally renowned Michelin is set to begin manufacturing in Sri Lanka.