Oil blocks to generate over US $ 2.25 b revenue
Sri Lanka is expected to generate over US$ 2.25
billion through investments from shallow water oil blocks in the
Mannar basin shortly. The investment will be towards off shore oil
exploration,drilling and production and infrastructure in the next
five years.
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South Asian tourism coordination office opens in Colombo
South Asia countries are to launch a joint
tourism promotion website and a tourism coordination office to boost
the marketing of natural, cultural and historic attractions across
South Asia. In addition a regional promotional office funded by the
Asian Development Bank (ADB) would be set up in Colombo.
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Recent measures taken to reverse imbalance in economy -
Cabraal
Sri Lanka is moving towards a 100 billion dollar
GDP and the recent measures taken was meant to reverse the imbalance
in the economy. We were victims of our own success that resulted in
our trade deficit becoming wider which affected the overall current
account and the BOP.
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