The Standard Chartered Bank (SCB) is in the process of setting up a China Desk in its Head Office in Sri Lanka’s business capital,
China Harbour Engineering Company Ltd. (CHEC) has reportedly entered into an agreement with the Sri Lankan real estate company, Blue Mountain to build Achilleion, which is deemed as a seven-star luxury project.
ABB India Limited has reportedly been selected to improve and build a grid substation for Sri Lanka’s state owned Ceylon Electricity Board (CEB), which is expected to cost several millions of Sri Lankan rupees.
Korea’s Export-Import Bank is to reportedly assist in the establishment of an automated taxation system in the Sri Lankan capital Colombo.
Sri Lanka’s record US$ 1.9 billion in foreign direct investment (FDIs) have reportedly been driven by China, Singapore, India and Hong Kong.