In a breakthrough step forward, the Urban Development Authority (UDA) has launched a One-Stop-Shop (OSS) to lure new investments by fast-tracking approval for development applications.
The retail industry which constitutes 23% of the country’s GDP has been hit hard by the ongoing forex crisis and urged the Government to resolve it fast before putting thousands of jobs at stake.
A reputed Qatar investor with high-level connections sued a Sri Lankan bio energy firm and its sole owner and Managing Director for US$ 3 million defraud in an investment scam.