China Petroleum and Chemical Corp, known as Sinopec Corp, has stated that it has set up a fuel oil company in Sri Lanka as it looks to supply fuel to ships along a major maritime route, the Reuters news agency has reported.
The European Union (EU) has reportedly extended support for Sri Lanka in its counter terrorism initiative following discussions by EU Counterterrorism Coordinator Gilles de Kerchove who visited Sri Lanka.
Laugfs Gas of Sri Lanka, which has reportedly diversified from a domestic cooking gas supplier to a regional trader and hotels, is currently holding talks with strategic investors to bring investments into its energy and leisure businesses.
Sri Lanka’s factory production recovery has reportedly gathered momentum in the month of June with services also recovering from a record low following the April suicide bombings.
Sri Lanka’s tourism authorities have stated that tourist arrivals to the country, which were affected by the Easter Sunday attacks, had recovered to 3,200 arrivals a day on average in the first week of July.