George Steuart & Co., Sri Lanka’s oldest mercantile establishment, has become a Strategic Partner of the Commonwealth Enterprise and Investment Council (CWEIC). This partnership was cemented during the recent visit of Lord Swire, Deputy Chairman of CWEIC, to Sri Lanka. The invitation extended to George Steuart & Co., is an acknowledgement of the company as…
Baird Maritime – A new fully automated terminal developed with the participation of Chinese construction firm Shanghai Zhenhua Heavy Industries (ZPMC) has officially commenced operations at the Port of Colombo in Sri Lanka. Colombo West International Terminal (CWIT), with its 1,400-metre quay and 20-metre depth, has a capacity of 3.2 million TEUs per year. As part…
Standard Chartered Bank hosted its Annual Global Research Briefing in Sri Lanka on March 11, 2025, at the Galle Face Hotel, Colombo. The briefing, themed ‘Reverberations,’ brought together the Bank’s Global Research team to share insights on the economic outlook for global markets and Sri Lanka for the first half of 2025. The high-profile event…
Eyeing $10 billion investment in critical areas like nuclear power, port, and petchem The Adani Group, India’s infrastructure giant, has revitalized plans for significant investments in the United States, indicating a new chapter in its global expansion strategy, Financial Times has reported. The renewed focus comes as the company continues to demonstrate financial resilience through…
The Sri Lanka Tourism Development Authority (SLTDA) successfully organized an event focused on facilitating investments in the tourism industry. The event which was attended by the Minister of Tourism Hon. Vijitha Herath as well as the Deputy Minister of Tourism Prof. Ruwan Ranasinghe, also brought together Heads of key government ministries and agencies to discuss…
Reuters – Sri Lanka has not changed its stance on doing business with India’s Adani Group and welcomes investment opportunities from the conglomerate, the country’s cabinet spokesperson said on Tuesday. Gautam Adani, the chairman of the ports to power business group, and top executives of Adani Green were indicted by U.S. prosecutors last year for…
The Chamber of Lankan Entrepreneurs (COYLE) marked a significant milestone with its Annual General Meeting (AGM) held on 10th March 2025 at the prestigious Shangri-La Hotel, Colombo. The event celebrated a year of innovation under the leadership of outgoing Chairman Thushira Radella and welcomed the appointment of Manjula Wijesundera as Chairman for the 2025/2026 tenure….
The Sri Lanka Export Development Board (EDB), in collaboration with the Import Promotion Desk (IPD) Germany, has taken another significant step toward empowering Export oriented women entrepreneurs by launching Phase II of the “EDB-IPD Women-Led Exports” Capacity Building Programme. This initiative aims to further enhance the export potential of women-led businesses in Sri Lanka’s agricultural…
Former Governor of the Central Bank of Sri Lanka (CBSL), Dr. Indrajith Coomaraswamy, addressed allegations regarding the surge in International Sovereign Bond (ISB) borrowings during his tenure that led to the country’s debt default, clarifying that much of the debt was used for liability management and to avert an earlier default. Speaking at a public…
AP – The van makes its way slowly but surely through the city streets, braking gently when a car swerves into its lane. But its steering wheel is turning on its own, and there’s no one in the driver’s seat. The driverless technology from Nissan Motor Corp., which uses 14 cameras, nine radars and six LiDar…
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