After helping Sri Lanka with an unprecedented assistance of around $4 billion since January as the country plunged into a deep economic crisis, India is now planning to invest heavily in newer sectors through both private and public firms there to tackle socio- economic issues , Indian high commissioner to Sri Lanka Gopal Baglay disclosed. .
Amidst the economic challenges which Sri Lanka continues to grapple with Acuity Knowledge Partners (Acuity), a leading provider of bespoke research, analytics and technology solutions to the financial services sector, is announcing plans to expand its workforce in the country and to enhance healthcare and remuneration benefits to its employees based in Colombo.
Several airlines are contemplating on suspending their operations to Sri Lanka threatening tourism industry’s recovery, which depends on air connectivity as no credible solution to resolve the jet fuel shortage and the fund repatriation issues faced by the country’s aviation industry.
Sri Lanka's tea industry has survived world wars and global depressions - but now it's really in jeopardy as its production down 22.7 percent in June 2022 from a year earlier to 18.5 million kilograms while the total output for the first six months dipped 17.8 percent from the previous year, official data shows.
Sri Lanka has asked China to help with trade, investment and tourism to help it grow sustainably, Colombo’s envoy to Beijing said on Monday as it negotiates for an emergency $4 billion package to help it emerge from an economic meltdown.
