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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…

Sri Lanka seeks consultants for $100M India-funded solar project

The Sri Lanka Sustainable Energy Authority (SLSEA) is seeking consultants for the pre-feasibility study of installing solar rooftop systems in State buildings. The project is to be developed under a…

Budget 2021 is unlikely to provide a meaningful boost to the economy – Moody’s

Sri Lanka’s growth-oriented budget is unlikely to provide a meaningful boost to output, according to Moody’s Investors Service. “Despite the growth focus of the budget, we do not expect it…

Sri Lanka Will Manage its looming debt crunch without IMF Support – Cabraal

The State Minister of Money Capital Markets and State Enterprise Reforms Ajith Nivard Cabraal reiterated that the Government is able to manage the debt servicing with the available without resorting…

American investment creates jobs and not debt – Ambassador Teplitz

The United States (U.S.) expressed its strong commitment to promote and expand private sector investments aimed at employment creation in Indo-Pacific Region including in Sri Lanka as an alternative to…

Mental Wellness Is a $121B Market – Global Wellness Institute

The Global Mental Wellness economy is estimated to be over $121 billion in value, according to the first-ever global research in measuring mental wellness as a global industry. The Global…

UAE cancels lenient penalties for ‘honour killings’

The United Arab Emirates said on Saturday it was cancelling lenient penalties for so-called “honour killings” and amending inheritance laws for residents as part of a reform of personal and…

Uber, Lyft spend big, win in California vote about drivers

Uber, Lyft and other app-based ride-hailing and delivery services spent $200 million in a winning bet to circumvent California lawmakers and the courts to preserve their business model by keeping…

Elevated capex requirements may force Airtel Lanka to seek a M&A deal – Fitch

Bharti Airtel Lanka may still seek a merger and acquisition (M&A) deal due to competition and higher taxes amid elevated capex requirements, Fitch Rating said a latest report. “Telcos in…

Milliman begins operations in Sri Lanka acquiring a local Actuarial firm

Milliman, Inc., a premier global consulting and actuarial firm, announced that it will begin operations in Sri Lanka after an agreement to acquire Colombo-based Spark Actuarial Private Limited came into…