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.
Sri Lanka’s Megapolis and Western Development Ministry is reportedly preparing to submit a proposal to the Cabinet of Ministers seeking approval for the acquisition of 94 acres in the Welisara area in the Western Province to set up a logistic park and a luxury apartment complex.
Sri Lanka’s Minister of Megapolis and Western Development Patali Champika Ranawake has reportedly said the country is now entering the fourth industrial revolution phase with the Homagama Technology City project making use of emerging science and technology to serve citizens, society and the public at large.