Economy & business · Foreign ties

Colombo F1 Street Race proposal sent, with Indian investors willing to provide guarantees

Headline from Daily Mirror

From 1 outlet’ reports

A proposal to stage an F1 street race in Colombo, running past Galle Face and along the Beira Lake, has been submitted to Formula One, with Indian investors willing to provide the guarantee money required, TWC Holdings Chairman Thilan Wijesinghe said.

Economy & business · Politics

Sri Lanka aims to increase industrial land allocation to 1% by 2030: Sunil Handunnetti

Headline from Daily Mirror

From 1 outlet’ reports

Sri Lanka aims to increase the share of land allocated for industrial development from the current 0.03% to at least 1% by 2030, Trade, Commerce, Food Security and Cooperative Development Minister Sunil Handunnetti said.