Sri Lanka’s Ministry of Transport has reportedly announced that the government has commenced making detailed designs for Colombo suburban electric trains adding an extra track to existing rail lines.
Piramal Glass Ceylon Plc (PGC), which is a glass bottle manufacturer in Sri Lanka, has reportedly invested Rs. 1.3 billion on a new bottling line to cater to its export orders.
Sri Lanka and China have reportedly held discussions on the recommencement of negotiations on the proposed Sri Lanka-China Free Trade Agreement (FTA) in Beijing.
The government of Sri Lanka is reportedly looking at cutting the embarkation tax on tourists by US$ 10 in a bid to boost tourism in the wake of negative impact faced by the industry following the Easter Sunday attacks.
A senior minister of the government of Sri Lanka has reportedly stated that land prices in and around Malabe have increased up to 129 percent following the announcement and launch of the proposed light rail transit (LRT) project.