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Sri Lanka ready to purchase fuel from Singapore company
Sri Lanka's Petroleum Industries Minister Anura Priyadarshana Yapa yesterday said that if PV Oil Singapore came up with a fresh satisfactory proposal the Ceylon Petroleum Corporation (CPC) would purchase gas oil from the same company in the future. Minister Yapa ...
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Sri Lanka sees major tourism industry investment
Sri Lanka’s tourism industry, especially the cruising scene, is getting back on its feet following the war, with significant interest being shown by major cruise lines wanting to schedule Sri Lankan ports on Indian Ocean Cruises, while the local yachting scene is seeing exciting growth and a local cruise industry may be emerging from infancy.
Sri Lanka, following the long and devastating civil war, which lasted around two and a half decades, is now making renewed attempts to redevelop its tourist industry. The industry is extremely import to the economy of Sri Lanka and is a vital part of the country’s access to foreign currency reserves, but saw marked declines in tourist arrivals during periods in which the ongoing civil war was perceived to be increasing in intensity and violence. Read more
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