The Cabinet of Ministers has officially approved a comprehensive financing package to launch the “Grid-Based Rooftop Solar Power and Virtual Net Meter Reading” project, a priority initiative designed to transform how solar energy is distributed and utilized across the country. The project aims to provide effective solutions for independent power producers while significantly improving small-…
The Colombo Stock Exchange (CSE), in collaboration with the Securities and Exchange Commission of Sri Lanka (SEC), will host investor forums in Monaragala and Batticaloa this week as part of an ongoing island-wide initiative to broaden investor participation following successful forums held in Colombo earlier this month. The investor forums will be held in Monaragala…
The National System Operator (Pvt) Ltd (NSO), operating under Sri Lanka’s Ministry of Energy, has launched an International Competitive Bidding (ICB) process for the establishment of a 250 MW/1000 MWh Standalone Battery Energy Storage System (BESS), one of the largest grid-connected storage procurements the country has undertaken to date. Under the tender, reference number TR/REP&PM/ICB/2026/001/C,…
Sri Lanka’s luxury tourism was promoted at the International Luxury Travel Market (ILTM) Asia Pacific 2026, held from 29 June to 2 July 2026 at Marina Bay Sands, Singapore. ILTM Asia Pacific brings together luxury travel advisors, tour operators, destinations, hotels and tourism organisations from around the world through a programme of pre-scheduled business appointments…
BPPL Holdings PLC (BPPL) has announced a significant strategic move to consolidate its position in the industrial brush-ware market. Through its wholly owned subsidiary, Beira Brush (Private) Limited, the group has entered into a Business Transfer Agreement (BTA) to acquire the customer base and intellectual property of Ravi Industries Limited (RIL). The transaction, which was…
A pre-Budget discussion to review the progress of projects implemented under the 2026 Budget allocations for the Ministry of Industry and Entrepreneurship Development and to discuss proposals for the 2027 Budget was held under the patronage of President Anura Kumara Dissanayake at the Presidential Secretariat yesterday (13) afternoon. The progress of projects implemented by each…
Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, announced that customers can now make secure and convenient digital payments using Dialog Pay at all Keells supermarkets nationwide. As one of Sri Lanka’s leading supermarket chains with 150 stores across the island, Keells becomes one of the first major retail partners in the Dialog Pay merchant…
John Keells CG Auto (JKCG Auto), the authorised distributor of BYD and Denza in Sri Lanka, has launched a strategic partnership with Green EV on 26th June 2026 to significantly expand the charging infrastructure available to its customers across the island. The collaboration, formalised through a Memorandum of Understanding (MOU), marks a pivotal step in…
Reuters – Oil prices rose 2% on Tuesday to their highest in four weeks, as the U.S. reimposed its naval blockade of Iran while the two countries stepped up attacks in the Strait of Hormuz, heightening uncertainty about energy flows. Brent crude futures climbed $1.68, or 2%, to $84.98 per barrel by 0051 GMT, while…
Mr. Yannick Gaudin, Programme Officer – Expertise France, met EDB Chairman Mangala Wijesinghe and senior officials of the Sri Lanka Export Development Board (EDB) on the 9th July to lay the foundation for a fruitful engagement with the island’s apex export promotion agency as part of accomplishing the objectives of the project, Lanka’s sustainable, climate-resilient,…
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