Establishment of BIA Gateway Project
Sri Lanka has commenced a large number of infrastructure projects with the aim of transforming to a hub in a multitude of sectors.
27
Nov
23
Nov
Sri Lanka’s stock exchange signs MoU with Korea Exchange to establish a collaborative relationship
Sri Lanka’s Colombo Stock Exchange (CSE) and Korea Exchange (KRX) has reportedly announced the signing of a Memorandum of Understanding
23
Nov
Sri Lanka’s outlook lifted from ‘negative’ to ‘stable’ by Standards and Poor’s
Standard and Poor’s (S&P), has reportedly lifted the outlook on Sri Lanka’s ‘B+’ rating to ‘stable’ from ‘negative’ as the country raised taxes to pay for salary and subsidy hikes in 2015, leaving behind a balance of payments crisis
23
Nov
Sri Lankan government’s new Foreign Exchange Act comes into effect
The new Foreign Exchange Act No 12 of 2017 announced by the Sri Lankan government has reportedly come into effect from yesterday.
23
Nov
Sri Lankan government targeting US$ 1.5 billion worth FDIs for 2017
A senior official of the Sri Lankan government has reportedly said that Sri Lanka is targeting US$ 1.5 billion worth of foreign direct investments (FDI) for 2017, which will be a two-fold increase from last year.