A delegation from the International Monetary Fund (IMF) has commenced discussions with Sri Lankan officials this week in a bid to reach a staff level agreement on continuing the US$ 1.5 billion Extended Fund Facility (EFF).
The Prime Minister’s Office in Sri Lanka has announced that work has commenced on re-establishing transportation of goods and people from Kankasanthurai (KKS) and Talaimannar to ports in South India.
One of Japan’s largest conglomerates operating in a multitude of sectors, the Odakyu Group together with its consortium partners Stasia Capital and UDS, has reportedly established its first offshore partnership in Sri Lanka.
Lee Hedges Plc of Sri Lanka has reportedly announced that the company’s board has decided to build a Rs. 1.1 billion car park in a property on a property in the heart of the country’s commercial capital, Colombo.
The spice industry of Sri Lanka has reportedly set a revenue target of US$ 500 million for 2019 with the assistance of new markets, rupee depreciation and increased value addition