An official of the government of Sri Lanka has said that Ceylon Steel and Onyx group is investing US$ 75 million to set up a cement grinding plant in Mirijjawila in the country’s Southern Province Hambantota.
Japan is to reportedly grant waste collection trucks to the Jaffna municipality in Sri Lanka’s Northern Province in a bid to improve solid waste disposal in the area
Sri Lanka’s state investment promotions agency, the Board of Investment (BOI) has noted that the country has received US$ 2.37 billion of foreign direct investment (FDI) in 2018, which is a 38 percent from US$ 1.78 billion a year earlier.
The latest LMD-Nielsen Business Confidence poll conducted in Sri Lanka has reportedly noted that sentiment surrounding the economy has recorded an improvement in February as 12% of respondents with the believe that conditions ‘will get better’ in the next 12 months.
Global giant Huawei has reportedly reiterated its commitment to Sri Lanka stating the country is a regional hub for innovation and core business segments delivering good growth with potential for more.