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Sri Lanka's President Gotabaya Rajapaksa vowed to bring in new laws to protect both local and foreign investors as the government aims to encourage investments to reduce reliance on borrowings. "Our overreliance on loans must come to an end. That is why the focus ofthe Government is on fostering investments. We must attract more Foreign Direct Investment and encourage more local investment to drive our economic growth. With this in view, the Government is bringing in new laws to fully protect investments," Rajapaksa asserted at the Sri Lanka Economic Summit organized by the Ceylon Chamber of Commerce. Further, he stressed that the government is committed to enhancing the ease of doing business in Sri Lanka. The President noted that delays in projects funded by foreign parti...

The project company of the Port City, CHEC Port City Colombo today stressed any employees at the Port City site has been tested positive for COVID-19 while clarifying that the two local workers and four Chinese who tested positive for COVID-19 were employed at a different project in Kotahena(Colombo 13). "This accommodation facility was only used by the workers employed for that project and not employed or engaged in any interaction with Port City Colombo site or its employees," the company said. Following the confirmation of the cases, the company noted that the mentioned accommodation was put under lockdown, and movement in and out of the site was restricted. It further stated that since Port City Colombo resumed day to day operations, all Port City staffs have gone through PC...

Sri Lanka to introduce new laws to protect investments

CHEC Port City Says no Colombo Port City Employees tested positive for COVID-19