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China’s power crunch dwarfs Evergrande’s troubles in investors’ eyes

(Reuters) – China’s power supply crunch, that has shut factories across the country, may pose a much bigger threat to the economy than the debt crisis at Evergrande Group (3333.HK), prompting…

Seven countries, including Sri Lanka and Chile, have agreed to stop using the dirtiest fossil fuel

Seven countries have signed a pledge initiated by the United Nations to stop building new coal power plants, with the aim to gather more signatures before the global climate summit COP26 in…

Sri Lanka claims $267 billion worth of oil and gas deposits in the Mannar Basin

Sri Lanka has $267 billion worth of oil and gas resources hidden in the Mannar Basin in the North-West of the country where the government stands to gain $ 133.5…

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…

Gembridge appoints top gem merchant Armil Sammoon as its ambassador to Sri Lanka

Digital coloured gemstone trading platform Gembridge appointed top gem merchant Armil Sammoon as its ambassador to Sri Lanka. Under its global ambassador network, Gembridge plans to popularise the trading platform…

President appoints De-Regulation Commission Chaired by Lalith Weeratunga and Krishan Balendra

President Gotabaya Rajapaksa has appointed an 18-member De-Regulation Commission for the Simplification of the Existing Laws and Regulations to spur the growth of the COVID-19 battered economy. The Commission is…

Buyer of Piramal Glass Ceylon part of Blackstone Group

ICRA India confirmed that Blackstone Group Inc’acqusition of Piramal Group’s Piramal Glass includes its Sri Lankan unit, Pirmal Glass Ceylon PLC. With the announcement of Blackstone Group Inc’acqusition of Piramal…

Sri Lanka faces worst decline as debt crisis looms

Sri Lanka Tuesday announced its worst economic slump with second-quarter GDP plunging 16.3 percent as international concern grows over its ability to repay foreign debt. The department of Census and…

Ceylon Graphite commences trading on the OTCQB Venture Market

Vancouver- based Ceylon Graphite Corp. announces that its common shares have been approved for trading on the OTCQB Venture Market in the United States from 3rd of December this year. Ceylon…