TWC Development Management (Pvt) Ltd, the real estate advisory arm of TWC Holdings, served as the lead technical and strategic adviser to global private equity leader Blackstone in its acquisition of Indocean Developers Pvt Ltd (IDPL), the developer behind the Altair Colombo apartment and retail complex. The acquisition of IDPL was part of a larger…
Mr. Durairatnam possesses extensive experience in banking, having been with the Commercial Bank of Ceylon PLC for 36 years. He served as a Director of Commercial Bank of Ceylon PLC from April 2012 to July 2014 and as the Managing Director/CEO from July 2014 until his retirement in July 2018. He has held several other…
A representative team of TikTok platform in Sri Lanka visited the secretary to the Prime Minister yesterday (16) at the Prime Minister’s office focusing on common issues in the possible areas of using digital platforms, and how TikTok as a digital platform can be used to implement in creating opportunities in economic platforms and digital…
The second day of the Seventh meeting of the International Solar Allience (ISA) Regional committee for Asia and the Pacific Region was held today focusing on advancing Regional cooperation for a Solar-powered future on 16 at Hotel ICT Rathnadeepa, Colombo with the participation of Prime Minister Dr. Harini Amarasuriya. This year’s session was held under…
A discussion on the preliminary budget framework and development direction related to the submission of proposals for the 2026 Budget was held yesterday afternoon (16) at the Presidential Secretariat between President Anura Kumara Disanayake and officials of the Ministry of Finance. Accordingly, the President inquired from the Ministry of Finance officials about the current progress…
The Ceylon Chamber of Coconut Industry (CCCI) has issued an urgent appeal to the Government of Sri Lanka in response to the United States’ decision to impose a 30% import tariff on coconut-based products from Sri Lanka, effective August 1, 2025. The move threatens to upend one of the country’s most valuable export sectors, which…
The Colombo Stock Exchange (CSE) closed lower today (16) as profit-taking in key large-cap stocks outweighed gains in select mid-cap counters, with banking giant HNB driving a significant portion of market turnover. The benchmark All Share Price Index (ASPI) shed 61.31 points to close at 18,884.96, marking a 0.32% decline from the previous day. The…
Power and Energy Minister Kumara Jayakody today (16) clarified that the recent withdrawal of a prominent Indian investor from a proposed wind power project in northern Sri Lanka was a mutual decision following tariff negotiations, and not a sign of strained investor relations. Responding to a journalist’s question during a press briefing, which indirectly referred…
The Financial Intelligence Unit of Sri Lanka (FIU-Sri Lanka) entered into a Memorandum of Understanding (MOU) with the National Center for Financial Information in the Sultanate of Oman (NCFI-Oman) on July 09, 2025, during the 31st Plenary of the Egmont Group, held in Luxembourg. This MOU facilitates the exchange of financial intelligence related to money…
The Sri Lanka Export Development Board (EDB) initiated a constructive dialogue with the National Initiative for R&D Commercialization (NIRDC) to explore avenues of support for strengthening the Sri Lankan pharmaceutical sector through Research and Development . The meeting took place on 7th July 2025 at the EDB premises, with the participation of private sector representatives …
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