An expert in Sri Lanka’s apparel industry has reportedly said that the country has the potential to achieve US$ 6 billion in apparel exports in 2020
Sri Lanka is to receive a concessionary loan of US$ 50 million (Rs. 8.7 billion) from Saudi Arabia to set up a fully-equipped medical faculty at state-owned Sabaragamuwa University in Ratnapura.
Sri Lanka and the World Bank have reportedly signed two new agreements worth US$150 million last week to improve climate resilience and agriculture productivity for small farmers and support priority infrastructure through public-private partnerships (PPPs).
The Central Bank of Sri Lanka has reportedly stated that the country’s manufacturing and services sectors have recorded a growth in March 2019 from a month earlier ahead of the seasonal demand for the traditional Sinhala and Tamil New Year.
Sri Lanka’s Hambantota International Port (HIP) has reportedly awarded a tender to Sinopec Fuel Oil Sales Co. Ltd. for oil trading works and the operation and maintenance of their oil tank terminal along with associated facilities.