The Eastern and Northern Coastline of Sri Lanka have been made into a busy work site via mineral explorations at present with at least two UK and Western Australian companies have resumed activities, official sources said.
Sri Lanka has already laid the foundation to up grade Sri Lanka’s economy to a global level over the next five years by implementing green economic policies encouraging electric vehicle including motor cycles and three wheelers assembling enterprises in the island.
The government is set to revive the Trincomalee oil tank farm harnessing maximum benefits for the countrys’ economy as the state is holding the ownership of majority of oil tanks.
Sri Lanka’s Central Bank has raised policy rates by 100 basis points to 16.50 percent effective from March 03 in order to fulfill its commitments made to the International Monetary Fund to obtain the approval of the executive board approval for economic reforms program and unlock the extended Fund Facility of US$ 2.9 Billion this month.
The Department of Motor Traffic has approved the registration of ‘Vega’ cars – not only Sri Lanka’s, but also South Asia’s first all-electric supercar.
