Oman has reportedly reaffirmed its commitment to participate in a joint venture to set up an oil refinery with a capacity of 10 million tonnes a year in Sri Lanka’s southern city of Hambantota.
The government of Sri Lanka has reportedly granted approval to construct a new cargo terminal worth Rs. 3 billion in the Bandaranaike International Airport (BIA) in order to accommodate the growing demand for the facility.
Officials from Sri Lanka’s Exports Development Board (EDB) have reportedly met with officials from several Central European countries to discuss opportunities of expanding the local exports market.
FitsAir, a new domestic airline is expected to commence operating domestic flights in Sri Lanka shortly since the airline has already undertaken it’s proving flight recently.
Sri Lanka’s State Minister for Finance Eran Wickremaratne has announced that Sri Lanka will give a one year debt moratorium and subsidized working capital for the tourism sector.