The Government Information Department of Sri Lanka has reportedly stated that the government has decided to study the feasibility of selling Euro, Yen and Renminbi in a bid to reduce costs of foreign borrowing.
Sri Lanka’s Melstacorp Plc, which is the parent company of Lanka Milk Foods, has reportedly said it will invest Rs. 2 billion to set up a dairy farm with 2000 milch cows at Ambewele
The Sri Lankan government has reportedly decided to construct a temperature controlled storage facility funded largely by an Indian grant in order to help reduce volatility in supplies and prices of perishable farm produce.
Sri Lanka has decided to raise subsidies given to farmers to promote the planting of rubber trees in order to improve yields and revive dwindling local harvests.
The government of Sri Lankan is preparing to launch a passenger boat service on canals in the country’s commercial capital, Colombo with assistance from the Sri Lanka Navy.