LIOC to invest US $ 4 m this year
Sri Lanka needs to invest more in the petroleum
sector development focusing on expansion of infrastructure
facilities. Lanka Indian Oil Company will continue its investment
drive and looking at investing US $ 4 million during the year, Lanka
IOC Managing Director K.R. Suresh Kumar told Daily News Business.
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Elephant Reach to add more hotels
Elephant Reach Hotel, Yala which is a subsidiary
of Lanka Hotels and Travels (Pvt) Ltd is on the look out to
construct two more star class hotels. A lifestyle hotel with 14
rooms in Preethipura, Wattala is to be constructed shortly investing
Rs 60 million as the initial stage of the project,
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Singapore leads Lanka's exports growth in 1H 2011
Sri Lanka's exports to all key markets grew in the first half of 2011
helped by the improved global economic conditions.
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