Acquisition will enable accelerated investment in innovative technology for digital transformation WSO2, the leader in digital transformation technology, announced that it has signed a definitive agreement to be acquired by EQT. “We are thrilled to partner with EQT as we embark on the next phase of WSO2’s journey,” said Dr. Sanjiva Weerawarana, CEO and Founder…
Bahrain will be first destination served by the Emirates A350, introducing Premium Economy seats on Middle East/GCC regional routes for the first time Colombo’s 4th daily service EK654/655 will be served by the A350 from 1 January 2025 Emirates Premium Economy seats will be available on 42 destinations* by February 2025 Colombo will be among…
Renewable Energy target for 2030 revised upwards to 50 GW from 45 GW Adani Green Energy Ltd (AGEL), one of the world’s fastest-growing pure-play renewable energy companies, recently announced financial results for the quarter and year ending 31 March 2024. AGEL is developing the world’s largest renewable energy project of 30,000 MW on barren land…
We have been alerted regarding several incidents of financial fraud, both globally and in Sri Lanka, disguised as attractive online offers, leading to mobile device users inadvertently clicking on unknown links and downloading malicious apps and files. This action grants scammers complete access to the mobile device, enabling them to control it remotely. Once the…
Concluding a two-day visit, IFC’s Vice President for Asia Pacific, Riccardo Puliti, signaled IFC’s commitment to supporting Sri Lanka’s ongoing reforms and growth agenda, while emphasizing the importance of private sector-led development for inclusive economic growth. The visit served as an opportunity for Puliti to engage with key stakeholders, including meeting the President of Sri…
Politics and economics are concepts that are fundamentally intertwined. Yet the unprecedented economic crisis of 2022 highlighted the complex challenges of aligning short-term political goals with long-term economic strategies. While the sharp appreciation of the Sri Lankan rupee in recent months has been roundly welcomed by most sectors of society as a positive signal, this…
State Minister of Investment Promotion Dilum Amunugama participated in the ‘Hannover Messe 2024’ in Hannover, Germany, from April 24-26, 2024. This was the first time that Sri Lanka had officially participated at the Hannover Messe, which is considered to be the world’s leading industrial trade fair. State Minister Amunugama’s visit to Hannover Messe focused on…
VFS Global is a trusted partner to 67 client governments. It operates over 3,300 visa application centres in 151 countries and has processed over 285 million applications since its inception in 2001. Headquartered in Zurich and Dubai and backed by majority shareholder Blackstone, along with the Swissbased Kuoni and Hugentobler Foundation and EQT, VFS Global…
Sunshine Healthcare Lanka (SHL), the healthcare arm of the diversified conglomerate Sunshine Holdings PLC (CSE: SUN), has entered into an agreement for a proposed equity investment of up to LKR 3,270 million by the International Finance Corporation (IFC). Subject to satisfaction of conditions, IFC will own approximately 14.7% stake in SHL. IFC investment fortifies Sunshine’s…
NDB Bank proudly announces a groundbreaking leap in the realm of banking technology with the introduction of the country’s first wearable pay band, NDB WriztPay, in collaboration with VISA. This innovative offering redefines convenience and security in financial transactions, heralding a new era in Sri Lanka’s banking landscape. The NDB WriztPay Band, designed to seamlessly…
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