Sri Lanka’s ODEL Plc has reportedly stated that it had reached a deal with three banks to raise Rs. 5.4 billion to build a mall in the country’s capital Colombo.
Sri Lanka’s Ministry of Industry and Commerce has stated that the country is looking at diversifying its exports to Iran after Tehran proposed to host the island to a round of trade negotiations this August.
The Chamber of Construction Industry of Sri Lanka has reportedly said it has signed a memorandum of understanding (MoU) with China International Construction Association
The Sri Lankan government is reportedly looking at implementing a new Beira Lake intervention area development plan aimed at restoring the lake and turning it into a scenic asset in Colombo.
A top economist has reportedly said that the world’s commitment to free trade provides space for developing countries such as Sri Lanka to seize opportunities to reform and integrate with global value chains.