Eastern Echo DMCC, which is a unit of oil services group Shlumberger and Total of France, has reportedly launched a seismic survey in the seas off Sri Lanka’s Easters coast to study the possibilities of oil exploration in the area.
Prime Minister of Sri Lanka Ranil Wickremesinghe has reportedly noted a Sri Lankan-assisted multilateral and multi-stakeholder platform to promote stronger maritime engagement
Sri Lanka’s Odel Plc, which is a member of Softlogic Holdings Plc, has acquired Cotton Collection Ltd from its founder Niloufer Esufally Anverally at a sum of Rs. 300 million.
The Ministry of Industry and Commerce in Sri Lanka has stated that preparations are being made to formulate a National Cooperative Policy in order to modernize over 14,400 cooperatives around the country serving eight million people.
Chairman of Sri Lanka’s Access Engineering, Sumal Perera has reportedly said that a transition from construction into a real estate firm is seeing early results with apartment and office pre-sales on track to bring more profits.