Sri Lanka tyre maker Loadstar, is set to become part of Michelin, with its parent being taken over by the French group, a local media report has stated.
Sri Lanka’s Board of Investment (BOI) is reportedly gearing to reap the benefits of the Free Trade Agreement with Singapore by initiating discussions on four mega projects.
The Sri Lankan government has said that measures are being taken to secure intellectual property support for folk and indigenous medicines in the country in a bid to boost the sector.
Sri Lanka is to reportedly launch this week a long-awaited National Export Strategy (NES) that would further enhance the public-private partnerships that would drive economic growth.
The World Bank Board of Directors has reportedly approved a US$ 200 million loan to help improve the use and the quality of Sri Lanka’s primary healthcare services.