The US Department of State’s FY 2020 budget has reportedly requested a total of US$ 32.58 million to support Sri Lanka’s economic development, demining and border control programmes.
Sri Lanka’s second largest IT company, IFS, which is a global leader in enterprise software is reportedly further expanding its investment and operations in the country by doubling office space and increasing staff by over 40%.
Sri Lankan conglomerate John Keells Holdings (JKH) is reportedly building a logistics facility with an investment of US$ 13.96 million will provide a range of services for businesses, from inventory management and value addition to managing returns.
Sri Lanka’s tourism authorities have reportedly stated that tourist arrivals to the country have grown by 7 percent from a year earlier to 252,033 in February 2019.
Prime Minister of Sri Lanka Ranil Wickremesinghe has reportedly stated that there has been a Rs. 300 billion cash infusion to the country’s economy following a host of recent measures taken to address the liquidity issue.