The world’s largest sovereign wealth fund, Norges Fund, has reportedly increased its equity investments in Sri Lanka by 15.3 percent to US$ 98.3 million in 2018.
The US Department of State’s FY 2020 budget has reportedly requested a total of US$ 32.58 million to support Sri Lanka’s economic development, demining and border control programmes.
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.