The Cabinet of Ministers of Sri Lanka has reportedly granted approval for the government to invest over US$ 300 million or nearly Rs. 48 billion to reclaim land for a new beachfront from Colpetty to Dehiwala.
One of the world’s leading hotel companies, Inter Continental Hotels Group (IHG) has reportedly signed a management contract with Pearl Grand Tower Hotel in Sri Lanka to bring its flagship Inter Continental brand to Colombo again.
Official statistics of the Sri Lankan government has noted that the power generation in the country has expanded 9.6 percent to 3,838 GigaWatt hours in the first quarter of 2018
The Central Bank of Sri Lanka in its latest Purchasing Managers Index (PMI) has noted that manufacturing activities in the country had increased in June.
A Board of Investment (BOI) of Sri Lanka company, the Japanese Sri Lanka Friendship (JSF) Corporation, is to commence operations at its production facility in Katunayake shortly.