The Central Bank of Sri Lanka (CBSL) states that the gradual recovery since the Easter Sunday attacks in April has resulted in the expansion of the manufacturing and services sectors in July
Sri Lanka’s Prime Minister Ranil Wickremesinghe has reportedly said the Sri Lankan government will work towards making the northern city of Jaffna in to a prominent city and provide solutions to the water issues faced by the country’s Northern Province.
The Office of the Cabinet of Ministers in Sri Lanka has reported that the Chinese firm Gezhouba Group Co. Ltd has won a tender to build the main civil works, which includes a dam, of the Moragolla Hydro Power Plant
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.