Ceylon Graphite Enters into Strategic Partnership with Sri Lanka’s LOLC to Capture Global Battery Anode Market
Sri Lanka’s diversified Conglomerate LOLC Holdings PLC has entered into MOU with Vancouver-based Ceylon Graphite Corp. to jointly develop at least three new graphite mines and to set up a…
IFC’s Investment in Sunshine Holdings to Help Diversify Business Operations in Sri Lanka, Drive Efficiency
Consumers in Sri Lanka are set to benefit from a new $5 million investment by International Finance Corporation (IFC) to Sunshine Consumer Lanka Ltd, a subsidiary of Sunshine Holdings PLC…
CSE envisages transforming to a multi-product securities exchange before 2025
The 35-year-old Colombo Stock Exchange (CSE) set eyes to take a quantum leap – towards a much more comprehensive and multi-product securities exchange before 2025 in catching up with lost…
New Investor to soon acquire Breadtalk’s Sri Lankan franchisee
RIL Properties PLC is progressing with negotiations with a potential investor to dispose of its entire stake in FoodBuzz (Private) Limited which owns franchise rights of BreadTalk in Sri Lanka. The…
Keells plans to open over 75 outlets by early 2024 amidst intensifying competition from newcomers
Feeling the heat from intensifying competition from newcomers, John Keels Holdings (JKH) re-targets to open over 75 Keells branded supermarkets by early 2024. “The Retail sector has seen intensifying pressure…
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Sri Lanka@100, with U.S. Support, Hosts Exponential Growth Webinar
Sri Lanka@100, with support from the United States, hosted a public webinar featuring Paul D. Roberts, an expert in methods for companies and entrepreneurs to leverage evolving technologies such as artificial…
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Viper Networks Partners with Airtel, Hutch and SLT to Launch $100 M Smart City Project in Sri Lanka
A United States (U.S.)-based international leader in Smart City solution provider, Viper Networks Inc along with its local partner Inc entered into three (3) separate contracts with Sri Lanka Telecom…
Prime Lands IPO Oversubscribed On Opening, Offers Additional 87.5M Shares
The Initial Public Offering (IPO) of 100,000 ordinary voting shares of Prime Lands Residencies (PLR) was oversubscribed on Colombo Stock Exchange (CSE) on its opening today (11th), triggering the company…
Prime Lands Residencies Expects Rs.10B Cashflow from Pre-sold units over next 2-3 years
The latest IPO entrant to Colombo Stock Exchange (CSE), Prime Lands Residencies (PLR) expects nearly Rs 10 billion cash flow over the next 24-36 months from its pre-sold apartments stock,…
Shares back in RED after a rollercoaster ride
The Colombo Bourse today continued to play on a rollercoaster movement throughout the session reverting ASPI back to negative posture “The index spiked in the first few minutes and then…