New strategic alliance expected to add more than 60 hotels over 10 years across India, Bangladesh, Sri Lanka and Nepal, with first hotels slated to open in 2026 Wyndham Hotels & Resorts is accelerating its expansion across India and the surrounding region, announcing today a new strategic alliance with Cygnett Hotels & Resorts that will not only introduce its La Quinta® by…
The Sri Lanka Pharmaceutical Manufacturers’ Association (SLPMA), in a historic step, has issued a powerful national call to action urging all stakeholders to come together in a bold, unified effort to shape a future where Sri Lanka emerges as a trusted, high-quality, and export-driven pharmaceutical manufacturing hub. In a decisive move to transform Sri Lanka’s…
By Samitha Hettige The 11th ‘Nishan’ forum (named after the ‘Nishan’ mountain) on world civilizations under the theme ‘Beauty in Diversity’ was held in Qufu, Shandong (Eastern China) last week. It is the birth place of Chinese philosopher Confucius. Scholars from more than 70 countries explored the interactions between cultural diversity & modernization with special…
Reuters – Gold inched higher on Tuesday, ahead of the release of U.S. inflation data later in the day that could shed more light on the Federal Reserve’s interest rate path. Spot gold was up 0.1% at $3,346.94 per ounce, as of 0151 GMT. U.S. gold futures were flat at $3,355.60. “Gold has shown in the…
The Colombo Stock Exchange (CSE) reached a historic milestone today (15) as the All Share Price Index (ASPI) surpassed the 19,000-points mark for the first time in the capital market’s history. The ASPI crossed the milestone at 09:34 a.m.
A meeting between President Anura Kumara Dissanayake and Chief Executive Officer (CEO) of the Saudi Fund for Development (SFD) Sultan A. Al-Marshad was held yesterday afternoon (14) at the Presidential Secretariat. The primary focus of the discussion was to assess the current progress of projects implemented with assistance from the Saudi Fund for Development and…
The signing of Bilateral Amendatory Loan Agreements with the Saudi Fund for Development in relation to the present External Debt Restructuring Process is a significant milestone of External Debt Restructuring of Sri Lanka. The Kingdom of Saudi Arabia has played a pivotal role by providing continuous loan disbursements, even after Sri Lanka declared a debt…
Transaction value LKR 3.2 billion One of Sri Lanka’s largest mergers and acquisitions was recently concluded between the promoter shareholders of East West Properties PLC and business magnate Dhammika Perera with Brigjin as the transaction advisor to the promoter shareholders. The landmark transaction on the divestiture of a 77.4% stake of East West Properties PLC…
Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, marked a significant milestone—20 years since its landmark listing on the Colombo Stock Exchange (CSE) in July 2005. To commemorate this milestone, a ceremonial bell-ringing was held, attended by the senior management of Dialog and CSE. Dialog’s Initial Public Offering (IPO) raised Rs. 8.5 billion and was…
Smart Drain’, designed and developed by Dr. Nadeesha Chandrasena and team from Sri Lanka, was among the ten winners of the prestigious WIPO Global Awards which celebrate world changing innovations in health, climate, agrifood, creative industries and ICT. The prestigious award ceremony was held in Geneva on 11 July 2025, where WIPO Director General Daren…
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