The government of Sri Lanka has taken a resolute stand against the monopoly of major conglomerates in the local shipping
The Finance Ministry of Sri Lanka has announced that the government is looking out for a new management cum stakeholder partner for the national carrier, SriLankan Airlines.
The government of Sri Lanka in its 2018 Budget has proposed to slash Loan to Value (LTV) ratios for car imports and will allow loans up to 90% of the value for electric vehicles and 70% of the value for hybrid cars.
The Sri Lankan government is looking at fast tracking liberalisation through legislative reforms due to the identification of bottlenecks to investment both domestic and foreign.
A spokesperson of the Sri Lankan government has been quoted in the local media as saying that China Merchants Port Holdings (CM Port) has agreed to increase its first installment payment for leasing Sri Lanka’s southern Hambantota Port to 30% from 10% of the US$ 1.1 billion deal.