The government of Sri Lanka has reportedly awarded U.S. firm Bell Geospace Ltd. a contract to explore for offshore oil and gas deposits using gravity and magnetic techniques.
Prime Minister of Sri Lanka Ranil Wickremesinghe has stated that the government will take measures to develop the Kankesanthurai (KKS) harbour in Sri Lanka’s northern peninsula with Indian aid.
The Department of Census and Statistics of Sri Lanka has reportedly recorded that the country’s industrial activity has grown by 1.6 percent in December 2018 when compared to November 2018.
The Asian Development Bank (ADB) is to give Sri Lanka US$ 145 million for science and technology in higher education, developing curricula with industry inputs to nurture a new breed of technology-oriented graduates.
The government of Sri Lanka has reportedly decided to disburse Rs. 1 billion to small and medium scale mill owners to purchase paddy in order to break existing monopolies and re-establish a competitive market place