Courtesy Business standard TACC, a wholly owned subsidiary of HEG has entered into a Non-Binding Memorandum of Understanding (MOU) with Ceylon Graphene Technologies (CGT) with regard to advancing graphene technology and unlocking its vast potential for diverse applications. CGT, a LOLC company based in Sri Lanka, is a global expert in graphene production. Leaveraging Sri […]

Courtesy The Hindu The facility will enable large-scale production, ensuring the delivery of sustainable and innovative graphene solutions to global markets, HEG says in regulatory filing TACC Ltd, a wholly-owned subsidiary of HEG Ltd, has entered into a partnership with Ceylon Graphene Technologies/CGT (a joint venture between LOLC Advance Technologies and Sri Lanka Institute of Nanotechnology) […]

LankaPropertyWeb Sri Lanka’s leading online real estate platform, LankaPropertyWeb, has reached a significant milestone, closing the year 2024 with two esteemed international recognitions that underscore its leadership in the industry. LankaPropertyWeb was named the Winner of the Luxury Lifestyle Awards in the category of Best Luxury Property Portal in Sri Lanka 2024”. The Luxury Lifestyle […]

Courtesy Adaderana A Memorandum of Understanding (MoU) has been signed between India and Sri Lanka for rehabilitation of the Karainagar Boatyard in Northern Province of Sri Lanka with grant assistance from the Government of India to the tune of LKR 290 million. The MoU was signed and exchanged by High Commissioner of India to Sri […]

Courtesy Asharq Al-Awsat Omar Lebbe Ameer Ajwad, Sri Lanka’s Ambassador to Saudi Arabia (Asharq Al-Awsat) Sri Lanka’s Ambassador to Saudi Arabia Omar Lebbe Ameer Ajwad revealed ongoing efforts to establish a strategic partnership with Saudi Arabia and implement 10 signed agreements across various sectors to foster mutual growth. Such efforts also aim to launch collaborations […]

Courtesy Adaderana Adani Power is exploring ways to sell the Bangladesh-bound power, produced at the Godda plant in India’s Jharkhand state, to neighbouring countries such as Sri Lanka. The Jharkhand plant with 2X800 MW capacity is a dedicated project of Adani Power to supply electricity to Bangladesh. The company has reduced the quantum of power […]

AJITH SIRIWARDANA The government is hoping to initiate discussions with India to update the Free Trade Agreement between India and Sri Lanka, which was signed several decades ago, Foreign Minister Vijitha Herath said. He told a news conference that the FTA with India needs to be updated and continue as the market has expanded now. […]

LankaPropertyWeb LankaPropertyWeb, Sri Lanka’s premier real estate portal, proudly announces the recognition of our top Platinum agents for their exceptional service, dedication, and outstanding service, which have uplifted the industry. This initiative honors distinguished agents who have consistently demonstrated dedication, exceptional standards, and excellence, playing a pivotal role in making LankaPropertyWeb the leading real estate […]

Courtesy NDTV Adani Ports and SEZ Ltd said the project “is on track for commissioning by early next year” and added that the company will fund the ongoing project through “internal accruals”. New Delhi:  Billionaire Gautam Adani-led conglomerate on Tuesday said it will use its own resources to fund a Sri Lankan port project and […]

Courtesy NewsIn.Asia Dec 3 (AdaDerana) – Sri Lanka’s tourism sector is taking a bold step into the limelight as a leading destination for Indian film productions, with the Sri Lanka Tourism Promotion Bureau (SLTPB) taking centre stage at the 10th edition of the India International Film Tourism Conclave (IIFTC) in Mumbai, held from October 23 […]

Courtesy TRTWorld It approved a $442 million Adani wind power deal in the island’s northwest in February 2023 but the vast project is stalled by a court challenge over environmental issues. Sri Lanka has opened an investigation into the local investments of India’s Adani Group in the wake of US bribery charges against its tycoon […]

Dr. Naresh Bana The Adani Group’s wind power project in Mannar, Sri Lanka, has a planned capacity of 250 megawatts (MW). This project is part of a broader investment in renewable energy by Adani group in Sri Lanka, with expected completion by 2025. This initiative aims to support Sri Lanka’s renewable energy goals and create […]

Courtesy  Interfax CHELYABINSK. Nov 1 (Interfax) – Representatives of the Sintez plant in the Kurgan region, part of the Binnopharm Group pharmaceutical holding owned by AFK Sistema , and members of a delegation from Sri Lanka have discussed options for interaction and international cooperation in the pharmaceutical sector, Binnopharm’s press service said. “The Sintez Plant, […]

By Nuzla Rizkiya Courtesy The Daily Mirror The government announced efforts to accelerate the development of the Eastern Container Terminal (ECT) at the Port of Colombo, a highly anticipated initiative managed by the Sri Lanka Ports Authority (SLPA). This week, Transport, Highways, Ports and Civil Aviation Minister Vijitha Herath received the Cabinet approval to designate […]

Courtesy Adaderana The Court of Appeal has issued an interim order against the Gampola Divisional Secretary preventing her from interfering with the activities of the first cable car project in Sri Lanka, which is being built in the Ambuluwawa area. This order was issued by the Appeals Court after considering a petition filed by a […]

Umandawa Umandawa Maha Vihara Monastery Madahapola, Melsiripura, Kurunegala, Sri Lanka.

By Libby Hogan Courtesy ABC News abc.net.au/news/sri-lanka-tea-industry-at-crossroads/104331086 Link copiedShare article It’s 8am and there is sleeting rain — miserable conditions to be outside, let alone work in Sri Lanka’s tea fields. But for Sagunthla, a mother of two, it’s just another day. She wraps a plastic sheet over her head, ties a hessian sack on her […]

Courtesy Adaderana President Ranil Wickremesinghe officially opened The Mall,” a newly constructed duty-free shopping complex in the Colombo Port City area on Thursday (September 5). This marks the debut of the first urban duty-free shopping mall in the region, featuring a range of stores, restaurants, and various retail outlets, the PMD said.  Notable international duty-free […]

Murali N. Krishnaswamy Courtesy The Hindu Jaffna will be the second destination in Sri Lanka for IndiGo, after Colombo Air links between Chennai and Jaffna, Sri Lanka, were strengthened on Sunday, September 1, with private airline IndiGo beginning a once daily turboprop ATR72 service (6E1177/6E1178). The former Air India subsidiary and current Government of India […]

Courtesy The Load Star Photo: Sri Lanka Ports AuthorityBy Angelo Mathais, India correspondent The unusually strong transhipment cargo gains by Sri Lanka’s Colombo port this year, driven by Red Sea-linked vessel diversions, seem to be ebbing. The port saw a 6% year-on-year drop in transhipment volumes in July following the 5% decline reported for June, according […]

Courtesy Business Standard The Sri Lankan government and a state-run Indian firm on Tuesday signed an agreement to develop infrastructure for storage, regasification and LNG supply for a combined cycle power plant in the island nation, according to the power and energy ministry here. The memorandum of understanding (MoU) was signed between Sri Lanka’s LTL […]

https://techcrunch.com/ Sanjiva Weerawarana is a Sri Lankan success story. He founded enterprise software firm WSO2 in 2005, got it close to $100 million in ARR, then sold it to private equity firm EQT for $600 million in May. He sometimes drives for Uber, too. Sri Lanka isn’t renowned for its startup ecosystem, but one company […]

Courtesy Gulf News Aviation Minister Nimal Sripala de Silva said none of the bidding parties was ‘worthy’ Dubai: The government of Sri Lanka has decided against selling a minority stake of 49 per cent of its national carrier, Sri Lankan Airlines, after none of the bidding entities that expressed interest in it was deemed worthy.” […]

Courtesy Adaderana The European Union (EU) is backing Sri Lanka’s initiative of the newly established Department of Cinnamon Development through the Export Agriculture in Sri Lanka project, the EU Delegation to Sri Lanka and Maldives said in a statement. The statement highlighted that the EU will bring in the expertise of the International Finance Corporation (IFC) […]

Courtesy Adaderana Qatar Airways will be increasing its Sri Lanka-Doha flights from the current five-daily flights schedule to six-daily flights, starting 10 July 2024. “The increase in flights further demonstrate the award-winning airline’s dedication to providing more choices and better connectivity for all passengers flying to and from Sri Lanka”, a statement added. The additional […]

Courtesy PRNewswire NEW YORK, July 3, 2024 /PRNewswire/ — The global cinnamon market size is estimated to grow by USD 412.9 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of about 7.97% during the forecast period. Rising awareness about health benefits of cinnamon is driving market growth, with a trend towards growing application of […]

business-standard.com The related infrastructure that would transmit electricity to consumption centres will see further investment of over $290 million, two sources with knowledge of the matter said. Adani Group plans to invest over $1 billion in setting up projects in Sri Lanka to generate electricity from wind in what would be the island nation’s single […]

Business LankaPropertyWeb (LPW), Sri Lanka’s leading real estate portal, is pleased to announce the release of its 2024 Western Province Land Price Index (LPI). The index reveals a significant 7.8% increase in land prices compared to the previous year. Highlights include a 13% surge in Gampaha District, an 8% rise in Kalutara District, and a […]

by LankaPropertyWeb Land prices bounce back to growth in the latest Land Price Index by LankaPropertyWeb. Theoverall land prices in the Western Province increased by 7.8% compared to the previous year,according to the 2024 Western Province Land Price Index (LPI), developed byLankaPropertyWeb (LPW). The Land Price Index (LPI), updated annually, monitors the trendsin asking price […]

LankaPropertyWeb (LPW), LankaPropertyWeb (LPW), the leading real estate portal in Sri Lanka, proudly announces groundbreaking enhancements set to revolutionise the real estate marketing industry. Demonstrating an unwavering commitment to innovation, LankaPropertyWeb introduces two cutting-edge features – the AI-powered social Media Promo Add-On Package and the ML Image Recognition Tool – designed to transform property listings […]