WindForce PLC and Vidullanka PLC have announced a strategic acquisition aimed at strengthening their positions in the renewable energy sector. The two companies have entered into a definitive share sale and purchase agreement with Hi-energy Services (Private) Limited, acquiring a substantial equity stake in Solar Universe (Private) Limited. Under the agreement, WindForce PLC and Vidullanka…
The upcoming ‘YARN Expo – 2024’ will be hosted by The Southern Gujarat Chamber of Commerce and Industry and The Southern Gujarat Chamber Trade and Industries Development Centre. It will take place from August 9th to 11th, 2024, at the Surat International Exhibition and Convention Centre, Sarsana, Surat. Mr. Vijay Mewawala, President of SGCCI, said that this exhibition…
Seylan Bank, announced that its recent LKR 10Bn Debenture issue was oversubscribed on its opening day, with applications for over 100 million debentures, signalling strong investor confidence. The Bank issued an initial LKR 5 billion in Basel III-compliant, Tier 2, listed, rated, unsecured, subordinated, redeemable debentures. These debentures, priced at Rs. 100 each, have maturity…
In a significant step towards enhancing economic cooperation between Sri Lanka and Thailand, Saranga Wijeyarathne, President of the Colombo Chamber of Commerce and Director of the Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL), along with Dushyantha Basnayake, President of the Sri Lanka-Thailand Business Council, met with Sanan Angubolkul, Chairman of the…
The World Bank Group has retained the services of MTI Consulting to assess the Bahrain Private Sector – through the Bahrain Enterprise Survey 2024, which will finally be used as inputs for the World Bank’s Business Ready (B-READY) Project. The Enterprise Surveys collect data on firms’ perception of the business environment, including finance, infrastructure, competition,…
The Executive Committee of the Sri Lanka – Greater Mekong Business Council (SLGMBC) of The Ceylon Chamber of Commerce met Ms. Wijayanthi Edirisinghe, Sri Lanka’s Ambassador-designate to Thailand, recently to discuss opportunities for trade and investment collaboration in several key industry sectors. During the meeting Ms Wijayanthi highlighted the potential for cooperation across various sectors,…
Perceived Economic Opportunity Index [PEOI] 2024 Q2: April 01 to June 30, 2024 This is what we said at the end of 2024 Q1: “Hope continues to elude Sri Lankans despite a few downward adjustments in prices due to the strengthening currency. The only bright spot is that the perception of fighting corruption has increased…
Mukesh Ambani has arranged a fleet of 100 planes, including 3 Falcon 2000 Jets, to ensure guests arrive in style for Anant Ambani and Radhika Merchant’s wedding at Mumbai’s Jio World Convention Centre. Financial Express – The highly anticipated wedding of Anant Ambani, the youngest son of Mukesh Ambani, Asia’s richest man, to Radhika Merchant,…
The Committee on Public Finance (COPF), chaired by Dr. Harsha de Silva, has released a critical report revealing major discrepancies in the procurement process and agreement with the Consortium comprising GBS Technology Services, IVS Global-FZCO, and VF Worldwide Holdings Ltd. The Committee’s findings highlight significant concerns and recommend urgent corrective actions. Key Findings: Uncompetitive Procurement…
SriLankan Airlines recently had the privilege of flying the United Arab Emirates (UAE) Women’s National Cricket Team from Dubai to Sri Lanka for Women’s Asia Cup 2024, scheduled to take place in Dambulla from 19 July to 28 July 2024. The 19-member team received a warm welcome from SriLankan Airlines, ensuring that their entire journey…
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