Blackstone acquires Piramal Glass for $1 billion
The World’s largest alternative equity firm, Blackstone Group Inc, has signed an agreement to acquire Piramal Group’s Piramal Glass including its unit in Sri Lanka for an estimated $1…
Sanjaya Mohottala assumes duties as the Head of BOI
Sanjaya Mohottala assumed duties today as the 21st Chairman of the Board of Investment (BOI), the apex Investment Promotion Agency of Sri Lanka after Susantha Ratnayake stepped down from the position…
Sri Lanka eyes to open borders next month targeting long-term travelers
Sri Lanka’s government eyes to re-open the country for foreign travelers from next month with a proposal to issue six-month visas for tourists instead of the current one-month visas targeting…
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’s President Calls Private Sector to make bold investment decisions
Sri Lanka’s President Gotabaya Rajapaksa called the country’s private sector to make bold investments moving away from conservative and low-risk strategies to live up to its reputation as the engine…
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…
Key trends in Sri Lankans’ mobility habits during the second wave of COVID-19
COVID 19 has drastically changed the mobility trends around the world. Sri Lanka is no different to these changes and in fact, the country’s mobility trends were extremely volatile with…
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…
Sri Lanka’s air pollution levels back to normal
Sri Lanka’s air pollution levels have returned back to normal levels from the sudden rise in air pollution levels recorded in late October. “the pollutant levels are in decreasing trend…