IFC Acquires 14.73% Stake in Sunshine Healthcare for Rs. 3.27 Billion
The International Finance Corporation (IFC), the private sector investment arm of the World Bank, has secured a 14.73% stake in Sunshine Healthcare Lanka.
Finance
Business
Sri Lanka’s Hela Apparel Raises Rs 1.5 Billion Through Rights Issue
Hela Apparel Holdings Plc, a leading apparel manufacturer in Sri Lanka, has successfully raised Rs 1.5 billion through a rights issue, according to.
- September 30, 2024
Stock Market
Colombo Stock Market Sees Highest Daily Gain in 2024 Amid AKD Optimism
In a significant display of investor confidence following the election of President Anura Kumara Dissanayake, the Colombo stock market surged to record its.
- September 25, 2024
Forex Market
Sri Lankan Rupee Opens Flat at 298.90/299.00 Against US Dollar; Bond Yields Rise
Sri Lanka’s rupee opened steady at 298.90/299.00 against the US dollar on Thursday, according to market dealers. Bond yields saw a rise, and.
- September 5, 2024
Politics
United Petroleum Meets with Sri Lankan President to Discuss $100 Million Expansion Plan
United Petroleum, an Australian energy giant, has signaled its intent to expand its operations in Sri Lanka by meeting with President Ranil Wickremesinghe..
- August 28, 2024
Investing
Sri Lanka to Develop $1.5 Billion Logistics Hub in Trincomalee
Sri Lanka is set to establish a major logistics hub in Trincomalee’s Kappalthurai, targeting heavy industries and aiming to attract up to $1.5.
- August 22, 2024
Finance
Sri Lankan Banks and Bank of China Explore Offshore Banking Opportunities in Colombo Port City
Nine Sri Lankan banks, along with the Bank of China, have shown interest in establishing branches within the Colombo Port City, according to.
- August 22, 2024
Politics
Sri Lanka Achieves $8 Billion in Export Revenue and Secures $800 Million in Investments in First Half of 2024
Sri Lanka has made significant strides in its economic development, securing $8 billion in export revenue during the first half of 2024. In.
- August 22, 2024
Economics
Sri Lanka’s Economic Revival:Ravi K Emphasizes Brain Gain and Policy Reforms
Former Finance Minister and Presidential National Organiser Ravi Karunanayake has underscored that Sri Lanka is on a path to economic recovery and transitioning.
- July 30, 2024
Real Estate
RIUNIT Unveils “Asia’s Real Estate Opportunity of the Century” at Port City Launch Event
The Research Intelligence Unit (RIUNIT), an international research and consulting firm with its Asia headquarters in Colombo, successfully launched its latest initiative, “Asia’s.
- July 24, 2024