GLOBAL EQUITIES
Nestlé Lanka has reaffirmed its commitment to Sri Lanka by investing over Rs. 2 billion in its state-of-the-art factory in Kurunegala by building a new vacuum band dryer. Aimed at expanding the capacity of its manufacturing facility for malted food
MICROCOSM
Even as Sri Lanka seeks to revive its economy, the government is aiming to transform the education sector in order to stabilise the future of youth. President Ranil
GLOBAL EQUITIES
Vidullanka announced that the 10 MW solar power plant in Vavunathivu has been officially commissioned to the national grid. The power plant is owned by Solar Universe
MICROCOSM
Sri Lanka’s monthly net foreign inflows to the stock market peaked in September for the first time since March 2012 when Malaysia’s state investment arm Khazanah Nasional
GLOBAL EQUITIES
Softlogic Holdings announced that its fully owned subsidiary Softlogic Restaurants has entered into a joint venture and management agreement, to develop and operate outlets
MICROCOSM
IMF staff and the Sri Lankan authorities reached a staff level agreement to support Sri Lanka’s economic policies with a 48-month arrangement under the Extended Fund Facility (EFF) to the tune of around US$ 2.9 billion.
