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United States extends technical support to VEGA to Promote Green Energy and Electric Vehicles in Sri Lanka 

In continuing its support to promote sustainable energy and economic growth in Sri Lanka., United States yesterday agreed to provide technical assistance to VEGA Innovations to help them further develop Sri…

DIMO acquires Germany-based EgeSun GmbH’s local subsidiary, Tropical Health Food for Rs.450.08 million

Diesel & Motor Engineering PLC (DMO) acquired a 94.45% stake in Germany-based EgeSun GmbH’s subsidiary, Tropical Health Food (THF) Pvt Limited for Rs.450.08 million yesterday. The owner of EgeSun, Orhan…

Veracity Group Positioned for Exponential Growth

Veracity Group, one of Sri Lanka’s fastest-growing technology services companies has structured itself with new appointments to key leadership roles as well as its four main divisions. Veracity Group aims…

Sri Lanka’s ICT and Startup community concerned over the future of the ecosystem

We represent the product, services, and startup companies of the ICT ecosystem in Sri Lanka. This community is a free and an independent group of industry leaders who deeply value…

From Crisis to Inclusive Economic Growth in Sri Lanka

By Faris Hadad-Zervos. World Bank and Hans Timmer Sri Lanka has managed the health and safety aspects of the COVID-19 pandemic in a commendable way.  The nation has been and…

Sri Lanka to setup SEZs in Galle, Bandarawela, Ratnapura,Thimbirigasyaya, Fort, Pettah and Kollupitiya

The Urban Development Authority (UDA)  has proposed to set up Special Economic Zones (SEZs) in Galle, Bandarawela, Ratnapura city center, Thimbirigasyaya, Fort, Pettah, and Kollupitiya under proposed city development plans. Urban…

Softlogic buys Bangaladesh’s second-biggest retail chain at an undisclosed price

(TBSNews): Sri Lankan conglomerate Softlogic’s retail holdings wing entered into an agreement on Friday to fully acquire Agora, Bangladesh’s first-ever and second-largest supermarket chain, according to public disclosure by the…

Russia-Ukraine Conflict: Economic Implications for Sri Lanka

By Asanka Wijesinghe The Russian invasion of Ukraine deepens the existing global economic woes – persistent supply chain bottlenecks and associated rising inflation – clouding the prospects of a smooth global economic recovery from…

New USPTO study finds no one company dominating 5G

 A new report published by the United States Patent and Trademark Office (USPTO), “Patenting Activity among 5G Technology Developers,” concludes that there is global competition in 5G innovation, with no one company dominating the…

Semiconductors, Electronics and Pharmaceuticals Lead Digital Transformation in Manufacturing

A new report launched today by the World Economic Forum reveals that the Semiconductors, Electronics and Pharmaceuticals sectors are leading the way in the digital transformation of manufacturing. The Manufacturing Transformation…