Capital Metals plc, a UK mineral resources company listed on the London Stock Exchange, is ready to commence development of its high grade mineral sands project in the Eastern Province. The extensive studies completed by the local Sri Lankan subsidiary, Damsila Exports (Pvt) Ltd, indicated the availability of commercial quantities of high grade mineral sands…
Anka EnergyX, a sustainable energy company in Sri Lanka, has teamed up with Harnyss USA, a global leader in cutting-edge hydrogen energy storage technologies, to introduce smart grids to small and medium-sized enterprises (SMEs) in the country. Anka EnergyX recently hosted “The Power of Hydrogen” – Sri Lanka’s 1st-ever open discussion and knowledge-sharing event on…
Once the proposal from the IMF is received; it will be presented to Parliament for consideration. The Parliament may either agree to it or propose an alternative solution. If the Government program fails, the country will be pushed to a more dangerous situation than in February-March 2022 -President emphasizes in Parliament President Ranil Wickremesinghe, announced…
Reuters – Sri Lanka expects final approval from the International Monetary Fund for a $2.9 billion loan in the third or fourth week of this month, the president said on Tuesday, adding that with fresh support from China, all funding requirements had been met. The nation of 22 million people is struggling with its worst…
The tourism and hospitality landscape in Nuwara Eliya known as Little England will see the addition of a unique luxury property this year, with the Board of Investment (BOI) approved ‘Horton Heights’ setting to make its debut in the scenic city with an investment amounting to over US$ 3 million. Owned by Al Araf Hotels…
It is with deep sorrow that we announce the demise of former Governor of the Central Bank of Sri Lanka (CBSL), Mr. H.B. Dissanayake. He passed away at the age of 85 on the 05th of March 2023. Mr. Dissanayake functioned as the 09th Governor of the CBSL from 1 July 1992 to 15 November…
The Sri Lanka Retailers’ Association (SLRA), the apex body of organised retail in Sri Lanka, recently concluded the annual Sri Lanka Retail Forum under the theme ‘Redefining Retail: Future Proofing the Forward Journey’. The Forum was opened by Mr. Murali Prakash, President of SLRA, who addressed the importance of navigating the challenges faced by the…
(Bloomberg) — China has given assurances that it will support Sri Lanka’s debt restructuring, clearing the biggest hurdle for the South Asian nation to secure a $2.9 billion bailout from the International Monetary Fund. Sri Lanka’s largest bilateral creditor gave written support for the debt restructuring via the Export-Import Bank of China on March 6,…
Dialog Axiata PLC, together with XL Axiata, hosted ‘METASTAGE’ the country’s first metaverse entertainment experience in the ‘Futureverse’, featuring performances by the renowned Sri Lankan sensations BnS, Umaria, and Indonesian idol Vicky Shu. This exclusive ticketed event, hosted to a virtual audience across Sri Lanka and Indonesia, provided attendees with the opportunity to witness spellbinding…
Sri Lankan Foreign Minister Ali Sabry speaks about Adani projects, India’s assistance, China worries and IMF bailout package The Hindu – Colombo sees the Adani projects in Sri Lanka as a “government to government kind of deal”, said Sri Lankan Foreign Minister MUM Ali Sabry, as it was the Indian government that had identified the…
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