Sri Lanka’s Piramal Glass Ceylon Plc has reportedly stated that it can compete better with foreign producers and boost exports if furnace oil is priced on a formula linked to crude oil.
Sri Lanka Tourism Development Authority (SLTDA) has reportedly granted approval for US$ 54.7 million in hotel investments during the fourth quarter ending in December 2018.
The Board of Investments (BOI) of Sri Lanka has reportedly announced that two more renewable energy power plants are to be built in the country’s northern Jaffna peninsula with an investment of RS. 4.4 billion.
A delegation from the International Monetary Fund (IMF) has commenced discussions with Sri Lankan officials this week in a bid to reach a staff level agreement on continuing the US$ 1.5 billion Extended Fund Facility (EFF).
The Prime Minister’s Office in Sri Lanka has announced that work has commenced on re-establishing transportation of goods and people from Kankasanthurai (KKS) and Talaimannar to ports in South India.