Blackstone plans to double its investments in India to $100 billion within five years, with chief operating officer Jonathan Gray describing the country as the firm’s best-performing market and expressing confidence in
A tugboat, the Navimar 3, has been anchored off Kutubdia Island, situated thirty-three nautical miles south of Chittagong, Bangladesh, since March of last year. Its crew of seven, including an Indian engineer
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Coffee, one of the world’s most beloved beverages, has a rich history that spans centuries and continents. Originating in the highlands of Ethiopia, coffee began its global journey in the 15th century
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Sri Lanka is now facing an acute rice shortage that has raised serious concerns over the quality of imported supplies. Sri Lanka Customs recently uncovered significant issues with two large rice consignments
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When I served as Finance Minister, we faced one of the gravest financial crises in our nation’s history. Our reserves were depleted, our credit ratings were in freefall, and we had lost
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Sri Lanka’s Ministry of Finance announced the successful completion of its Consent Solicitation and Exchange Offer for International Sovereign Bonds (ISBs), achieving an extraordinary level of participation from bondholders. This development marks
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The World Bank’s International Debt Report 2024 paints a grim picture of Sri Lanka’s debt challenges, underscoring the nation’s precarious financial position within a global crisis that saw debt servicing costs and
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This story has been updated with additional details as of 14 December 2024. We would like to issue a correction regarding our earlier report on Barrington Global Company. The Colombo District Court
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Uralchem Group has delivered 55,000 tonnes of potash fertiliser to Sri Lanka to support the country’s agricultural sector and strengthen food security. The official handover ceremony in Colombo was attended by Sri
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The long-sidelined ambition to construct a multi-billion-dollar natural gas pipeline from Qatar to Europe via Turkey might be back on the table, following the dramatic fall of Syria’s Bashar al-Assad. A plan
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In the contemporary era, the constructs of connectivity and understanding have emerged as pivotal elements shaping our global society. This discussion seeks to explore the nuanced perspectives of two influential domains: Facebook,
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by Our Economic Affairs Editor Adani Ports and Special Economic Zone (APSEZ) has withdrawn its $553 million loan request from the United States Development Finance Corporation (DFC) for the Colombo West International
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Colombo Dockyard PLC (CDL), Sri Lanka’s pioneering shipbuilding and repair company, is seeking a new strategic investor as its majority shareholder, Japan’s Onomichi Dockyard Company Ltd., prepares to divest its 51% stake
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Ocean mapping and open data sources play a critical role in disaster preparedness and monitoring in Sri Lanka, a nation highly vulnerable to marine and coastal hazards such as tsunamis, storm surges,
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At the Voyage Sri Lanka 2024 Investment Forum, organised by the Export Development Board (EDB), discussions focused on the development of mini marinas within fishery harbours—a move that could revolutionise Sri Lanka’s
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“Aviation is proof that given the will, we have the capacity to achieve the impossible.” – Eddie Rickenbacker International Civil Aviation Day, celebrated annually on the 7th of December, commemorates the advancements
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