The government of Sri Lanka has reportedly signed an agreement with Bell Geospace Ltd. to explore for offshore oil and gas deposits in the seas off north and northwest of the island.
The Asian Development Bank (ADB) has reportedly approved a loan of US$ 160 million to modernise the operations and improve the efficiency of Sri Lanka Railways.
Sri Lanka’s state owned SriLankan Catering Limited has reportedly received approval for a Rs. 250 million expansion for its flight kitchen.
A global leader in cloud software, Nutanix (NASDAQ: NTNX) has recorded a success in its operations in Sri Lanka and is reportedly ramping up its investment in the island.
Sri Lankan authorities have reportedly decided to permit the importing of 80,000 metric tons of maize to the country for animal feed before January 31st next year