The Indian media has reported that with zero customs duty on exports to India and Europe from Sri Lanka, Hero Cycles is planning to increase its stake in its Colombo-based bicycle unit this quarter.
The Finance Ministry of Sri Lanka has reportedly stated that two Austrian banks have provided over Rs. 2.7 billion rupees worth interest free loans for health sector development
Sri Lanka’s Asia Siyaka Commodities has reportedly said that the country has shipped 20.8 Mnkg of tea in April 2018
China’s Ambassador to Sri Lanka Cheng Xueyuan has reportedly said that as of end of 2017, Chinese companies have completed over US$ 15 billion infrastructure projects in Sri Lanka.
Development Strategies and International Trade Minister of Sri Lanka Malik Samarawickrema has reportedly described ties between Sri Lanka and China as “excellent” and revealed that more Chinese investments