Sri Lanka based Hela Clothing has reportedly said a factory set up in Ethiopia with 800 workers had become the most efficient in the country and that the group is now looking at an expansion in Africa to 8,000 worker.
The Sri Lankan government has decided to purchase 50 electric buses for the proposed Bus Rapid Transit (BRT) system, which is aimed at improving the public transport service in urban areas.
The government of Sri Lanka has reportedly sought proposals from banks and investment houses to sell up to US$ 2 billion in sovereign bonds in 2018.
Sri Lanka’s Minister of Industry and Commerce Rishad Bathiudeen has reportedly said that Sri Lanka’s total apparel exports for 2017 are expected to be around US$ 4.7 billion with earnings to November having exceeded that of the corresponding period in 2016.
United States has amended travel advisory level on Sri Lanka to level one, placing Sri Lanka as a safe country to visit.